GCC countries has decided to implement Value Added Tax in the entire region through a treaty signed by all member countries. UAE has already implemented the VAT laws and regulations with effect from January 1, 2018, along with Kingdom of Saudi Arabia. The introduction of Value Added Tax (VAT) in UAE, a traditionally TAX-free jurisdiction, brings with it a lot of opportunities and an equal amount of challenges. Our team of thriving VAT specialists are well equipped to help your business overcome expected roadblocks such as
1. Lack of familiarity with VAT rules & regulations
2. Structure and Compliance issues
3. Lack of resources (Availability of experts and competent staff)
4. Lack of a robust book keeping system
Our goal is to optimize your business growth by tailoring our services to your individual requirements.
We have our presence in UAE and a network of associates across the globe, providing international know-how and ...
Holistic set-up, providing you with optimal solutions from record to report.
Areas exempted from VAT
Out of scope transactions for VAT: These are mostly high sea sales kind of transactions wherein a UAE distributor ships goods from one country to another directly, which doesn’t involve any direct involvement with UAE. Such type of transactions are out of scope for VAT and need not follow the registration and compliances.