Value Added Tax or VAT is a tax on the consumption or use of goods and services. A VAT of 5 per cent is levied at the point of sale. Businesses collect and account for the tax on behalf of the government.
Value Added Tax (VAT) was introduced in the UAE on 1 January 2018. The rate of VAT is 5 per cent. VAT will provide the UAE with a new source of income which will be continued to be utilised to provide high-quality public services. It will also help government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue.
At Legis Vista, we aim to simplify the complications surrounding the application of VAT, its benefits, and consequences for non-compliance. We provide tailored services to our clients while understanding their needs and helping them steer in the right direction. Understanding VAT regulations can be daunting, and negligence may prove costly.
We make the process of understanding these complexities easy for our clients by providing up to date advisory on the relevant laws and regulations. Our VAT experts help the clients with VAT registration, filing and compliance and also help them prepare the documentation required.
Our VAT Services Include
- VAT Registration
- VAT Consultancy services
- VAT Filing
- VAT Transaction Advisory
- VAT Filin
Want To Know More?
Contact our VAT experts today and book a consultation to know more about how VAT can impact your business and avoid the risk of any unfavorable consequences.