Benefits Of VAT Registration In UAE!
Are you struggling to find a tax consultant in Dubai?
What is the importance of good Bookkeeping and accounting?
How and where to search for respectable VAT consultants in Dubai?
Have you been looking for UAE vat registration services in Dubai?
VAT Impact on UAE Customers
How Small Businesses Can Manage VAT Compliance in UAE
VAT is all set to be implemented in UAE from January 1, 2018. A standard rate of 5% VAT will be applicable to both petrol and diesel.
In UAE Excise duty was implemented from 1st October. As per the law, the business units are required to file their excise returns and pay their dues 15th of November.
UAE and associate GCC nations in the form of Value Added Tax (VAT) on all goods and services at a standard rate of 5% with effect from 1st January 2018. Now the question is that Will consumers spend take a hit or it will be business as usual for the retailers and manufacturers?
The new value-added tax (VAT) is coming into effect from 1st January 2018 for the very first time in UAE, Ultimately it will affect small businesses as well, main concern of small businesses is all about the financial and operational impacts of VAT compliance, especially since they’re used to operating in a low-tax business environment. Most people have a preconceived notion that VAT is a burden for all including small businesses. However, if your business is organized with the help of a VAT expert, VAT may not be too onerous to you.
Value Added Tax (VAT) is currently the most widely recognized form of consumption tax system used around the world. In spite of the fact that the principles of the tax are broadly the same everywhere, the rules can be enacted and implemented differently in different countries so that the compliance burden on business varies considerably. The UAE had reported its goalto the introduce value added tax (VAT) in the country starting January 1, 2018. The issuance of the final tax law has set the stage for implementation of VAT and meeting the implementation deadline.
For all those people who are worried about the registration under VAT in UAE the Federal Tax Authority has now introduced an official Tax Website which enables to know about VAT in the UAE and through this portal, eligible businesses can register for VAT in the UAE.
The United Arab Emirates (UAE) has revealed details about the new excise tax due to be imposed on tobacco, and energy and fizzy drinks.
To ensure proper and controlled business management, maintenance of books of account is a mandatory step and should be taken into huge consideration. Nevertheless, it is mandatory to maintain the books of accounts under UAE company law and VAT law.
Through UnitedVat, You can keep Your data updated as We offer Accounting and Bookkeeping services. We also Offer Vat Registration Services.
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Want to Keep Your data Updated, You need Book Keeping And Accountancy Services. Don't Worry, We will do it for You. We are The Leading Organization in Accounting Related Services.
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