In the UAE, VAT is expected to be implemented from 1st January 2018. The proposed VAT rate is 5%. VAT is one of the most common types of consumption tax found around the world. Value Added Tax is an indirect tax that is collected incrementally, based on the value-added, at each stage of production or distribution/sales. Now, as per the latest study, more than 50% of the companies are ready to implement VAT in the UAE. But the question is among the SMEs how many are ready to implement VAT in their businesses. The procedure to implement VAT effectively into the business operation of a company are the following:
Emirates Chartered Accountants Group has a separate wing for handling Taxation including VAT in the UAE. We support the client by conducting various VAT awareness programs/seminars/workshops, advising customers on the impact of VAT on their business, supporting the customers for implementing VAT in their business, registering the businesses for VAT and helping the business for filing their VAT returns.
Mr. Pradeep Sai
+971 – 556530001
+971 – 558892750
+971 – 508873115