Explore why the UAE started VAT! Get all the details you need to understand this important economic change in the Emirates. In 2018, the United Arab Emirates (UAE) implemented Value Added Tax (VAT). This was done in order to diversify its economy away from being heavily dependent on oil production. The UAE is part of the Gulf Cooperation Council (GCC), which is a regional free trade agreement between six countries in the Middle East. The implementation of VAT across the GCC was an important step towards creating a more unified and competitive economy.
The most common UAE Value added Tax (VAT) services offered by our firm include:
– Assisting businesses with the VAT registration process
– Providing guidance on how to comply with VAT requirements
– preparing and filing VAT returns
– Representing businesses in VAT audits conducted by the authorities.
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