Things to remember about VAT registration

The importance of accounting and bookkeeping cannot be ignored if you are into business. Irrespective of your business type, you should have always keep your business accounts straight and clear. Most of the business owners choose Dubai as their business destination from where they can expand their business in the Middle East. Dubai is a hub of businesses that offer the right business and corporate platform for various small or startup businesses. There are many firms that provide Accounting and Bookkeeping services in UAE . Here is the list of advantages of outsourcing Accounting services for businesses in Dubai and the whole UAE:- Stay Focus on Your Business Outsourcing the Accounting Services in Dubai is beneficial as it will allow you to focus on your business and Services. Business is not just about the numbers, but it is the aspect that you cannot overlook your business. If you will choose to outsourcing accounting services then the accounting experts and prof...

The introduction of Value Added Tax (VAT) in UAE, brings with it a lot of opportunities and challenges equally. It is one of the most complex and burdensome tax systems in which companies find difficult to cope with. A trained professional who can guide you on the Do’s and Don’ts of the system and who can act as a 3rd party between you and federal tax authority i.e more than mandatory. The Value-added Tax (VAT) in UAE will implement on 1st January 2018. The VAT will be introduced at a rate of 5% on goods and services with some limited exceptions including basic food items, healthcare, and education. VAT Registration service in UAE VAT Registration in UAE (United Arab Emirates) is compulsory for companies and individuals doing businesses in this Country, having an annual turnover of more than AED 375,000/-. The Value Added Tax (VAT) is an indirect tax added to goods and services provided by companies and individuals within the UAE. Registered companies and individuals will have t...