VAT Consultant in Dubai
Over the past couple of years, Dubai, and the whole of the United Arab Emirates, has become a hub for businesses. Because of the ease with which one can set up their businesses here or can expand their area of operations, owing to the political provisions and booming economy which promises high returns and profits, thousands of people, not just from the country but from all over the world have come to Dubai in order to start their own businesses.
While operating a business in Dubai turns out to be quite profitable, it is also important to remember that you need to adhere to certain rules and regulations of the government with respect to running your business, as it is with any other country. As a business owner, one of the obligations you need to fulfill is that of registering your company under the VAT norm.
About VAT in Dubai
VAT or Value Added Tax is a consumption tax that is charged by different country in the world, especially in Europe, and in 2018, the UAE government too decided to begin implementing VAT at a rate of 5%. This consumption tax becomes an indirect source of revenue for the government and is collected by companies on its behalf. It is charged after every sale in the supply chain; any company that manufactures a product must charge VAT at each value addition stage till the final stage. Moreover, not only are companies registered under the VAT norm meant to charge 5% VAT on their products, whenever they buy goods from other companies or suppliers, they too need to pay VAT. It is the difference between the above two amounts that need to pay to the government authorities.
The following are ways in which the new VAT norm or law can affect your business:
Why Choose Aviaan Accounting for VAT Services in Dubai?
VAT is a relatively new concept in Dubai, and many businesses are yet not clear about the regulations concerning the same. However, in order to not get a penalty, it is important to adhere to the VAT norms, which is where Aviaan Accounting can help you because we have tax experts that would help you with your tax assessments and would also ensure that you comply with all the VAT norms. Our tax consultants have a lot of experience with regards to VAT Consultant, would make no errors when calculating taxes, and would ensure that your company stays clean and would also offer valuable tax-related insight. Here are some benefits of hiring Aviaan Accounting for your VAT needs:
Aviaan Accounting VAT Implementation Process
We make sure to maintain a high-end accounting system so as to be able to provide the best VAT services to you. Here are some of the services we offer:
Aviaan Accounting VAT Services
The following are the types of VAT services we offer at Aviaan Accounting:
If you have any queries pertaining to VAT norms in Dubai or with regards to our services, contact us by calling us or writing an email.