Accounting Services In Dubai | Vat Registration In Dubai
May 4, 2023 ⚊ 1 Min read ⚊ Views 48 ⚊ BLOG
Accounting Services In Dubai | Vat Registration In Dubai
Accounting Services in Dubai: Everything You Need to Know About VAT Registration
Are you planning to start a business in Dubai or are you already operating one? Then you must know about VAT registration and how it affects your business. In this article, we will guide you through the process of VAT registration and how accounting services in Dubai can help you with it.
Understanding VAT in Dubai
VAT or Value Added Tax is a type of consumption tax that is levied on goods and services at each stage of the supply chain. The UAE introduced VAT on January 1, 2018, and it is applicable to almost all goods and services. The standard rate of VAT in the UAE is 5%, and it is mandatory for businesses that meet certain criteria to register for VAT.
