Value Added Tax(VAT) FAQs:

What is VAT?
At what percentage VAT is levied?
On what amount 5% VAT shall be charged?
For remittance, will the rate of VAT vary for different countries?
Is VAT applicable on the currency Sale/Purchase.
How will I know what is the VAT amount collected from me
Is VAT is applicable to instant Money Transfer services like GCC Remit, Moneygram, Xpress Money, Instant Cash, Transfast etc..?
Are tourists subject to VAT?
Is VAT applicable to Free Zone Visa holders or entities registered in the Free Zone?
Are UAE Nationals subject to VAT?
Is there any exemption on VAT to the politicians, political bodies, Royal family or Ambassadors of a foreign country?
How does VAT affect GCC Exchange WPS transactions?
What is Tax Registration Number(TRN)?
What is the TRN of GCC Exchange?
In case of any VAT related queries, whom should I contact?
Should I disclose my VAT –TRN to GCC Exchange.