VAT Registration In UAE
VAT (Value Added Tax), implemented in January 2018 in the UAE, has made it an added responsibility on businesses to prudently report their finances and related VAT charges. VAT is charged by registered businesses and traders to their customers at 5% (current rate – 2019) and incurred on goods and services from suppliers. The value differences are then recovered or paid to the government.
VAT – Registered Businesses should:
- Charge VAT on supplied taxable goods or services
- Or may redeem any VAT paid on business-related goods or services
- Meticulously prepare their business records for future government verification.
If that sounds daunting, don’t worry, you are not alone. It is our honor to extend our services and aid you in filing your tax returns when they are due and making certain that no amount, whether insignificant or substantial has been missed out. From the registration of your company to the tax year end, we take charge and perform our services dutifully.
For more information on VAT registration in the UAE, please contact A&M Alanasari Auditing tax experts Email: [email protected] | TEL: +971 4295582.