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About VAT in UAE
When VAT introduced in UAE
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.
What Is VAT?
VAT stands for Value Added Tax, and is essentially a consumption tax levied on goods and services and benefits the government as a form of revenue. As a general consumption tax, the VAT will apply to the vast majority of goods and services transactions. In contrast to income tax, VAT is the same for everyone and anyone consuming goods and services.
In simple terms, VAT is applied at every stage of the value chain process, whilst the registered business selling the goods and services receives a tax credit on the paid VAT by the consumer of the good or service. On the other hand, the Federal Tax Authority (FTA) of Dubai also receives an income of 5% because of the VAT imposed. With Dubai’s reputation for having a consumer-oriented business environment, the introduction of a VAT allows the Dubai government to focus their resources on creating a good standard of living with happy citizens.
About VAT in UAE
Vat Registration
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Every company in UAE Must needs to register for VAT if there annual sales cross 3,75,000 Dhirhams, If not Crossing this , no need to register.
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VAT Filing
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We are providing VAT Filing at quarterly and monthly basis.
VAT Filing is one of the mandatory thing to submit every three months or monthly basis to avoid penalty . No worries Contact us we will guide You
VAT Amendment
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Do you want to Update Your Business details registered with FTA, Such as Company name change, address change, bank details etc...No worries Contact us we will guide You
Tourist Planet Tax Free Registration
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If Your Tourist customer Want to get VAT Refund Back from govt at the time of leaving UAE airport, Then you (seller) can register for Planet tax free scheme and let your customer enjoy getting back their taxes. How to register for it ?
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New Import - Export Code
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Do you want to import or export goods outside UAE Under your company , Take your own customs Code and do it.
Apply and get your New Import code in one working day..
What are the documents needed and how to apply for it . No worries Contact us we will guide You
Part time Accounting & Bookeeping services
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Business accounting are mess up, need someone to manage it , right ?, don't worry our experts will visit your business premise either weekly 2 days or daily basis for a short hours. No worries Contact us we will guide You
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