5 Important Points On Vat For Small Business In Uae

1. 5 IMPORTANT POINTS ON VAT FOR SMALL BUSINESS IN UAE

2. VAT in UAE • VAT is value added tax. • VAT is charged at every point of sale. • VAT is not a cost to the business. • A business must compulsorily register for VAT based on existing rules and regulations.

3. Changes to Business Structure • Significant cash flow impact on some companies, • VAT can be charged at each stage of production and distribution, which can be challenging . • If you have more than one business entity conducting the service, you will be taxed on transfers as per existing rules and regulations.

4. Ultimately who pays VAT The process of collecting and remitting VAT lies with the company, ultimately it will end up being charged to the customer via sales channels.

5. Why Hire a VAT Expert in UAE? • Saves companies time and cost of resources. • Timely Implementation and Compliance • Up to date business records for anytime checks

6. Efficiency for Business • There are plenty of long-term benefits to be gained from replacing unproductive, out-of-date accounting systems. • For smaller companies & businesses VAT systems might be low-cost software or apps. • It is recommended you register for VAT and take the advice of a VAT consultant in UAE who can assist your business .

7. Suggested reading : How VAT will benefit your business in UAE. THANK YOU