Value Added Tax (VAT) was introduced in the United Arab Emirates (UAE) in January 2018 as a means of diversifying the country's revenue sources and reducing its dependence on oil. Since its introduction, VAT has had a significant impact on businesses operating in the UAE, both in terms of compliance requirements and financial implications.  In this article, we will discuss the impact of...

VAT (value-added tax) is a national sales tax that is charged on most goods and services sold within a country. It’s important to note that VAT is not just for European countries. Countries around the world charge VAT, including the US. What is VAT Registration? When you sell goods or services in a country that charges VAT, you must register with the government as a VAT-registered...

If you’re running a business and you’re not registered for Value-Added Tax (VAT), you’re doing it wrong. The VAT Annual Registration Scheme is one of the simplest and most effective ways to ensure that your business is collecting the right tax from its customers. In this article, we will explain what the scheme is and why it’s so important. We will also offer some tips...

VAT compliance can be a daunting and confusing task, especially in the demanding business environment of Dubai. Companies must adhere to local laws and regulations, while also trying to become competitive players in an ever-evolving market. With so many complex rules and requirements surrounding sales tax, it is no surprise that small businesses turn to professional VAT consultants for support...