VAT Services in Dubai
When the concept of VAT was prevailing all around the world, tax in UAE still had no fixed layout due to the option of the free zones. On realising that the implementation of VAT would enhance the brand value of a business and would also be an additional source of revenue for the government, the GCC countries agreed to enter into an agreement for the proper implementation of VAT. The Ministry of Finance, UAE have implemented VAT from 1st Jan 2018 and a tax rate of 5% was decided to be charged. The accounting standards followed in UAE is defined by the Federal Tax Authority, UAE also known as FTA. This decision of implementing VAT in UAE 2018 was a bold step by the government.
The impact of VAT in UAE was huge and the taxation in UAE took a new turn as there was exemption on corporate tax as well as the income tax in UAE according to UAE tax law. The implications of UAE VAT 2018 can be huge for you and your business. Read ahead to understand the benefits of Vat for your business.
How can VAT Services in Dubai process help your business to grow?
- Revenue Generation
- Enhances Goodwill
- Complete Financial Picture
- New Investment Opportunities
How AABS Can Help Your Business?
We receive the required
data from the customer
All Required documents collected and analysis.
A Plan is devised to obtain the TRN, VAT certificate , VAT filling & accounting , VAT return filling.
Register for VAT and implement the VAT plan.
File VAT return and take corrective action.
There is a regular follow-up at regular intervals to find out any discrepancies and take corrective measures.