The UAE is all set to introduce VAT (Value Added Tax) from next year. The issuance of the final tax law has set the ground for implementation of VAT in Warsan First, Dubai and meeting the implementation deadline.
The primary objective behind implementing VAT is to make a paradigm shift in the business dynamics of the country as well as the region. Alike other countries across the world, businesses in the Gulf region also will now have to observethe stringent VAT regulatory and statutory compliances and report the same on a timely basis. The challenge for the business community in the Warsan First, Dubai will be to understand the new VAT Law and implement the same well before the due date.
It has become mandatory for businesses to register for VAT in Warsan First, Dubai which is going to take effect from 1st Jan, 2018. All businesses with threshold annual turnover of AED 375,000 must register for VAT. According to an estimate, around 3.5 lakh business firms are expected to get registered under the new tax regime.
Being a prominent business hub, Warsan First, Dubai holds a special place when it comes to make VAT registration successful and effective. The businesses that don’t get registered for VAT won’t be able to charge VAT on their sale and claim Input VAT paid on their purchases.
With online registration for VAT in Warsan First, Dubai is open, getting a business VAT registered in no tough job. In order to ensure easy and faster registration process, the respective authority has taken various measures for businesses eligible for registration.
At United VAT, we aspire to become your most sought after partner for VAT registration in Warsan First, Dubai. From giving necessary VAT related information to providing full-fledged assistance in regard to VAT in Warsan First, Dubai, we are right here to make VAT registration a smoother journey for businesses.
The registration criterion is given below:
Mandatory Registration: It is mandatory for the businesses to register themselves if
For any query related to VAT in Warsan First, Dubai, call us today and get the most trustworthy answer.