UAE VAT
For many years, the UAE enjoyed an era of tax exemption. However, the evolving international market dynamics necessitated the introduction of a tax system. As per the Ministry of Finance, a five percent tax is now imposed on all taxable transactions for goods and services. VAT, a significant component of this system, applies to the entire supply chain, covering both goods and services, thereby increasing the demand for VAT registration and filing in the UAE.
Importance of VAT Consultancy Service
The introduction of VAT has led to a surge in VAT consultancy services in the UAE. Given that VAT is a relatively new concept in the region, businesses need the expertise of VAT consultants. Navigating the requirements of VAT registration, understanding the rules and regulations for VAT calculation, and managing the payment process all call for the assistance of UAE VAT experts.
At BINJOY, our team of highly trained professionals has extensive experience and has handled diverse client needs over the years. Our seasoned VAT consultants in the UAE provide precise and error-free services. We offer clear guidance on VAT registration and filing, and assist in preparing for VAT audits by maintaining thorough records. With some of the best industry experience, our professionals adeptly manage VAT-related risks, offering strategic advice to minimize them effectively.
Key Information about UAE VAT