Value Added Tax (VAT) is a special type of tax that is applied on consumption products as those products whose value gets increase on each stage of their production or distribution. It is a collateral tax that is not related to their income, rather its related to their consumption. This special type of tax has been implicated on more than 160 countries. A VAT gets implicated on those consumer goods that are unnecessary. We can say that this tax is applicable on every single type of product that a consumer consumes except basic food and essential commodities. our experienced team will guide you through the necessary steps, assist with document preparation, and ensure your VAT registration is completed swiftly and accurately. Trust us to navigate the complexities of VAT registration, allowing you to focus on what you do best – running your business. Join countless satisfied clients who have benefited from our expertise and make VAT registration a breeze with us.
This would include automobiles, electronics, jewelry, restaurant services, and entertainment. Many items such as food, education, health, bicycle, fuel, transport, and social services that were stated by the U.A.E government has been exempted from VAT. It is a special type of tax that must be handled especially.
With the introduction of VAT in the UAE, there are considerations that businesses would have to take care of regarding tax consulting. This consulting is done by our experts at Bizvritue who could handle all your tax affairs and make your business stress free regarding these types of taxes.
The sole purpose of introducing the VAT policy is that it will provide benefits to the economy of the U.A.E government. The collection of revenue would help in providing better services to the people residing in U.A.E.
The implementation of this act was done by the U.A.E government and has showed a sense of hope that by implementing this strategy we could reduce the U.A.E reliance on oil and hydrocarbons.
- Calculate the VAT impact on your business
- Take care of all the steps for VAT registration number
- System analysis and IT system
- Structured building of your business to have a proper detail of your cashflow
- Maintenance of relevant records and books
- Accounts to be ensured when output VAT should be paid
- Take care of all the VAT registration with competent authority
