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Most goods and services at every stage of the supply chain are subject to Value Added Tax, or VAT. Companies are responsible for collecting VAT from customers and ensuring that the UAE's VAT laws are adhered to. Before registering for VAT, filing returns, or handling Federal Tax Authority (FTA) audits, it is important to understand how VAT relates to your specific business operations and transactions. Why a VAT Impact Study Is Important Every business has a different VAT exposure.