How is VAT calculated?

Updated:

The standard 5% VAT is charged on your transaction fees only, not your full payment amount. Here’s an example:

You received a payment of AED 100, and you are on the 2.9% pricing plan. The fee charged will be 2.9% plus 5% VAT of 2.9% (AED 2.9 + AED 0.15).

So your total settlement amount is AED 96.95.





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