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VAT – Value Added Tax

What is Value Added Tax?

Value Added Tax (or VAT) means a tax on supply of goods or services, or both. It’s an indirect tax, occasionally it referred to as a type of general consumption tax. In a country which has a VAT, it is imposed on most supplies of goods and services that are bought and sold.

VAT is one of the most common types of consumption tax found around the world. Over 150 countries have implemented VAT (or its equivalent, Goods and Services Tax), including all 29 European Union (EU) members, Canada, New Zealand, Australia, Singapore and Malaysia.

VAT is charged at each step of the ‘supply chain’. Ultimate consumers generally bear the VAT cost while Businesses collect and account for the tax, in a way acting as a tax collector on behalf of the government.

A business pays the government the tax that it collects from the customers while it may also receive a refund from the government on tax that it has paid to its suppliers. The net result is that tax receipts to government reflect the ‘value add’ throughout the supply chain.

To know more about how to register for VAT in UAE and to get more information related to VAT compliance, visit our services section or contact us.

Service Offer

VAT Impact Study

VAT Impact Study is one of the most common types of consumption tax found around the world.

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VAT Registration

Any business which exceeds mandatory or voluntary registration thresholds

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VAT Compliances

Expertise in establishing Business in UAE and help in choosing right place

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VAT Registration Online

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Service Advantage

A business entity worry free and concentrate on it’s business and we professional are there to take care of VAT registration, its impact on the business and its time to time compliance.

 Check applicability of VAT

 Impact of VAT on Busines

 Increase in financial burden

 Timely registration

 Timely deposit of tax and filing of VAT returns

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