VAT is the tax for consumption or use of goods and services. VAT of 5 per cent is levied at the point of sale. Businesses collect and account the tax on behalf of the government. A business must register for VAT if its taxable supplies and imports exceed AED 375,000 per annum.
A business house pays the government, the tax that it collects from its customers. At the same time, it receives a refund from the government on tax that it has paid to its suppliers. Foreign businesses can also recover the VAT they incur when visited UAE.
Enquire NowVAT comes with lot of opportunities and great deal of challenges. Many scenarios of VAT are complex and the companies find it hard to cope up. Taxable Businesses in UAE must obey the law and regulations of the Federal Tax Authority (FTA) to avoid VAT fines and penalties. In many cases, it is better to outsource the VAT services,this way the companies can avoid hastles & hitches, focus on their business goals.
Rootbeta Tax Experts having professional awareness of laws and rules of the tax system can guide you to implement VAT effortlessly. We handle VAT cautiously to ensure the following up of the rules and regulations of the Federal Tax Authority (FTA). Our services include VAT invoicing, VAT Registration, VAT Return Filing, VAT Voluntary Disclosure, VAT De-Registration, VAT Reconsideration, VAT Audit and VAT Training.