Value Added Tax (VAT) is a type of indirect tax that is levied on the sale of goods and services in Dubai. That is among the biggest shifts the United Arab Emirates (UAE) has experienced recently. To ensure adherence to the rules and legislation outlined by the government, firms operating in Dubai must use VAT services.
VAT should not be seen as an extra burden or cost on businesses. Generally, businesses serve as intermediaries for the government, and the impact is reflected in their cash flow. Proper planning and effective management of tax collection and execution can provide added value and cash inflows to every business.
With over a decade of experience, we’ve est ablis ourselves as one of the pioneering agencies in the region decade of experience.
Read MoreWith over a decade of experience, we’ve est ablis ourselves as one of the pioneering agencies in the region decade of experience.
Read MoreWith over a decade of experience, we’ve est ablis ourselves as one of the pioneering agencies in the region decade of experience.
Read MoreWith over a decade of experience, we’ve est ablis ourselves as one of the pioneering agencies in the region decade of experience.
Read MoreBusinesses that have an annual turnover of AED 375,000 or more are required to register for VAT. Failure to register can result in hefty penalties and fines.
Businesses must file VAT returns on a quarterly basis. The VAT returns include details of all sales and purchases made during the quarter and the VAT collected and paid.
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