Accounting & Bookkeeping , Accounting Software Implementation & Maintenance , Internal Audit & Control , Value Added Tax (VAT) UAE , Cost Effective Business Plan & Feasibility Study , Management Consultancy
Accounting & Bookkeeping , Accounting Software Implementation & Maintenance , Internal Audit & Control , Value Added Tax (VAT) UAE , Cost Effective Business Plan & Feasibility Study , Management Consultancy
Value Added Tax (VAT) was introduced in the UAE on 1 January 2018. The rate of VAT is 5 per cent. VAT will provide the UAE with a new source of income which will be continued to be utilised to provide high-quality public services. It will also help government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue.
Implication of VAT on Businesses
Businesses will be responsible for carefully documenting their business income, costs and associated VAT charges.
Registered businesses and traders will charge VAT to all of their customers at the prevailing rate and incur VAT on goods/services that they buy from suppliers. The difference between these sums is reclaimed or paid to the government.
We support you to comply all VAT laws
We start by thoroughly understanding our client’s legal and administrative situation, reviewing all relevant documents to identify risks, challenges, and opportunities.
We collect and analyze all necessary data, contracts, and records in accordance with applicable laws and regulations to ensure accurate and reliable advice.
We support our clients throughout the implementation process and provide continuous follow-up to ensure compliance and long-term success.
We support our clients throughout the implementation process and provide continuous follow-up to ensure compliance and long-term success.
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