E-commerce and Online businesses are booming in the UAE, with more and more merchants setting up shopify websites and selling online. The value of UAE retail e-commerce hit $3.9 bn in 2021 and is expected to grow exponentially.
The introduction of Value Added Tax in the United Arab Emirates has added another layer of complexity that business owners and accountants should be aware of which includes the correct treatment of VAT on online sales and how to treat imports of goods correctly. Failure to do so will result in unnecessary penalties.
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