VAT refers to Value Added Tax. 150 countries such as European Union (EU), UK, Canada, New Zealand, Australia, Singapore, Malaysia etc have implemented this form of tax. In 2018, consumers in UAE are expected to pay a 5 per cent value-added tax when purchasing most goods and services. The six states in the Gulf Cooperation Council (GCC) region have agreed to implement VAT in order to reduce the burden on hydrocarbon products as a source of revenue.

For startups, if the VAT attracted expenses are more than AED 187,500/, (USD 50K) such companies have to be registered under the UAE VAT law. The total value of supplies made by a taxable person for the month in which he is applying for VAT registration and the previous eleven months. The total value of supplies of the subsequent 30 days on which he is applying for VAT registration.

VAT refers to Value Added Tax. It is a general consumption tax which is applied on goods and services as the Value incrementally increases at various stages of production, sales and marketing. In Dubai, couple of items is exempted whereas; government has tentatively fixed the VAT percentage as 5% w.e.f January 2018.

We have training programs for general awareness of VAT and its services. We have special modules designed to suit the needs of various Business owners, Accountants, Auditors, and other Finance Professionals and Corporate.