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- +971 50 905 5463
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VAT
Value Added Tax (VAT) is one of the most common forms of indirect taxation, applied by over 180 countries worldwide. To support sustainable development and improve public services, the UAE government implemented VAT starting January 2018. VAT is a tax on the consumption of goods and services, imposed on the final consumer. Businesses collect VAT on behalf of the government and remit it according to regulations. VAT applies to both individual consumers and business entities across the UAE.
Indication of VAT on Individuals
Increase in the cost of living
Impact on lifestyle and spending behavior
Indication of VAT on Business
- Responsibility to record every transaction accurately
- Compliance with VAT accounting requirements
- Obligation to remit the tax collected from individuals to the government
- Duty to stay informed about updates and amendments to VAT regulations
How Does VAT Function?
Value Added Tax (VAT) is imposed on the final consumer. Businesses are responsible for collecting VAT from their customers on behalf of the government. All businesses that meet the VAT registration criteria are required to register with the government. These registered businesses must report the amount of VAT collected from customers to the government.
During the formal VAT reporting process, any difference between the VAT charged to consumers and the amount paid to the government by the business is adjusted accordingly.
We provide top-rated VAT services to organizations. Since its implementation in January 2018, VAT has become a crucial factor affecting the operations of all businesses subject to this taxation by the Federal Tax Authority (FTA). To comply, organizations must make appropriate adjustments to their core operations, financial practices, procedures, bookkeeping, and accounting technologies.
Our team of experts ensures these requirements are carefully implemented, helping your business stay compliant and operate smoothly under the new VAT framework.
VAT Implementation
Responsibility to record every transaction accurately Compliance with VAT accounting requirements Obligation to remit the tax collected from individuals to the government Duty to stay informed about updates and amendments to VAT regulations As a leading auditing and tax agency, we consistently support our clients with the highest level of care and professionalism. Leveraging our expertise, we ensure that UAE VAT regulations never disrupt the smooth operation of your organization.
VAT Return Filing
Here’s a slightly refined version for a smooth and professional tone: We are a top-tier auditing and tax agency dedicated to meeting all your VAT requirements. Our qualified and experienced team ensures you receive a seamless and exceptional VAT experience. Committed to excellence, we deliver outstanding services tailored to your specific needs.
VAT Registration
Here’s a polished version of your sentence: Trusted Partner offers comprehensive support for all your VAT service needs. Our expert tax agents help organizations understand and efficiently manage VAT and its implications with ease.