Blogs
Grasping The Basics Of VAT In Dubai
June 8th, 2024What is VAT?VAT stands for Value Added Tax. This is a certain percentage imposed on most goods, subject to exceptions and limitations, during each stage of its production and distribution. Even though VAT in Dubai has not been exhaustive, with recent times, there have been more regulations imposed on businesses in a manner which isn’t too burdensom...
Examining the Newly Implemented VAT Laws In The UAE
May 20th, 2024As a business owner in the UAE, as of 1st January 2018, it will be mandatory for certain companies to be registered for VAT.VAT is commonly known as an indirect tax that’s levied on the consumption of goods and services in a country, and is currently in effect in over 180 countries worldwide. The UAE joins this list as of this year, and as such, re...
Life after VAT in The UAE
May 6th, 2024As of January 01st 2018, all business entities that bring in an annual revenue of Dh375,000 and over, must register for VAT, after which they will be liable for a 5% VAT charge. Those that earn less than Dh375,000 but over Dh187,500 can register if preferred, although at this stage it isn’t mandatory. This includes newly built residential propertie...
VAT for Dubai Registered Companies
April 22nd, 2024If you’re currently in the process of setting up your own business either as a start-up or small business, then it is vital that amongst all other processes including registration, scouting out an office and hiring employees, you also implement the right tax protocols along the way. This primarily begins with maintain accurate business transaction...
A Crash Course in VAT Laws and the UAE
April 9th, 2024From January 01st 2018, all businesses in the UAE bringing in an income of AED 375,000 and over must register for VAT, and continue to meet the necessary tax regulations accordingly. The Sarah Ferguson Tax Consultancy has been a preferred tax consultant Dubai for a number of reasons, our extensive experience being a key one of them. In line with th...
3 Reasons Why Tax Consultancy Is the Only Tax Consultant You’ll Ever Need
March 22nd, 2024As of January 01st 2018, the UAE will be subject to VAT laws which will affect businesses who fulfil specific VAT criteria. Whilst you’d need to double-check whether your business specifically needs to adhere to these VAT protocols, in general, businesses who meet the income threshold of AED 375,000 annually definitely to make the 5% commitment acc...
Tips To Help Prepare Your Business For VAT
March 7th, 2024With the recent introduction of VAT in the GCC, companies and businesses in all of the region’s countries are now preparing to complete implementation by 2019. As the process is extensive, it could take up to a year as predicted by officials to ensure every company has registered for VAT accordingly. We, as a leading and long-established tax consul...
A Few Ways To Help You Tackle The Introduction Of VAT Better
February 20th, 2024As of January 2018, the UAE implemented VAT across all its member nations, with a particular focus on businesses and other ventures also launched with the intent of business. This includes companies and organizations drawing in an income of AED 375,000 annually and rented properties for commercial purposes as well. Whilst the rules governing differ...
A Few Key VAT Facts To Know In The GCC
February 7th, 2024Value Added Tax or VAT as its better known, was introduced to the GCC for the first time ever, in January 2018. The move set in motion a series of changes for businesses in the region, and marks a milestone moment for the oil-rich area as well. VAT will effectively provide an alternate means of income, allowing the already developed and in fact, qu...
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