123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Do You Need Vat Consultancy Services In Uae?

By Author: Abhishek Sawant
Total Articles: 11

Wondering whether you require VAT consultancy services in UAE? The answer is a resounding yes since like most businesses, you will naturally be facing confusion and have several queries when it comes to aspects like VAT filing and overall implementation of the new system for your business. You must already be aware of the fact that VAT (Value-Added Tax) has been implemented from the 1st of January, 2018 in all the member countries of the GCC (Gulf Cooperation Council). Companies have to register for VAT in case its taxable supplies cross AED 375, 000 or roughly US$ 100, 000 over the last 12 months. Businesses should also register themselves under the VAT regime in case their supplies and imports are forecasted to cross AED 187, 500 on a yearly basis.



Finding a suitable VAT consultant in Dubai will help you stay updated with regard to business registration and filing among other aspects while also helping you formulate the right business strategy in the new regime with the help of your consultant. There are several goods and services which have exemptions under VAT and these suppliers can claim the VAT paid as inputs for their businesses. Some of the exempted products and services including supplying commercial buses and aircraft, exporting goods and services to countries outside of the GCC, investment grade precious metals, global transport services, newly built/converted residential properties, natural gas, crude oil, basic food items, medical equipment, education and healthcare.



Naturally, there are several aspects to VAT that you may not fully comprehend. It is always better to hire the best VAT consultants in UAE who will help you understand the new tax regime while helping your organization take care of compliance, registration, filing and other financial requirements. You can consider Xcel Accounting, an experienced firm in Dubai offering auditing, accounting and management consultancy among other services. The firm will help you with your VAT strategy and all other aspects related to the same. Xcel Accounting serves clients across a wide range of industries and offers personalized and timely services to all its clients based on their specific needs and requirements.

Total Views: 22Word Count: 357See All articles From Author

Investing / Finance Articles

1. Case Study On Functional Testing Automation Of Order Processing Gateway
Author: Brenda Peter

2. Your One-stop Guide To Mutual Funds
Author: Shashank Pawar

3. Sr&ed Pre-claim Consultation — pros & Cons
Author: EVAMAX Group

4. How To Invest In Direct Mutual Funds Online?
Author: Shashank Pawar

5. Benefits Of Taking A Icici Credit Card From My Loan Care
Author: Bhavna Singhal

6. Why Is Cibil Score Check Important While Applying For A Loan
Author: Rishi

7. What Functions Do Investment Banking Companies Perform?
Author: Aniket Vichare

8. Mortgage Loans In Hyderabad
Author: Loansa Assir

9. Trailingcrypto “a Must Have Trading Tool For Cryptocurrency Trader”
Author: Laura

10. Best Crowdfunding Tips For Artists In India
Author: Rahul

11. Invest In Cryptocurrency
Author: David Antony

12. How Does Inflation Affect Your Financial Goals
Author: Shashank Pawar

13. What Are The Benefits Of An Ico?
Author: Oryxiann

14. Flexion Token Brings More Value To Its Investors
Author: infliv

15. When Flexion Token Will Be At Exchanges
Author: flexion

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: