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VAT IMPLEMENTATION UAE
What is VAT?
VAT (Value Added Tax) is an indirect tax, which is generally referred as general consumption-based tax. In GCC, VAT will be imposed on most of the supplies of goods and services, keeping certain services and goods out of its jurisdiction. VAT is linked to a product when a value is added to it at each stage of its supply chain. All businesses which come under the VAT criteria are required to maintain proper books of account. As a local law firm, we are well aware of UAE VAT Law, and we provide affordable and best possible solution for VAT implementation in UAE. Contact us for Consultation on VAT in UAE, Tax in Dubai and VAT Registration.
Experience + Expertise + Dedication = Success
VAT in UAE / Tax in UAE
VAT in UAE will come into effect on January 1, 2018. UAE is gearing up along with other GCC nations for the introduction of this Value Added Tax (VAT). The rate of the VAT is decided to be 5 %, which will be uniform throughout GCC. It is mandatory for any business which reports an annual revenue of AED 375,000 or more to apply for VAT registration. Other companies may also choose to register voluntarily for the Tax in UAE. It is important to know UAE VAT Law along with the process of VAT implementation in UAE.
