Value Added Tax (VAT) is an indirect tax that consumers pay when purchasing products or services. The primary goal of introducing VAT in the Gulf Cooperation Council (GCC) is to diversify member nations’ economies and boost revenue. VAT collection involves a standard 5% tax collected on behalf of the government at every stage of the supply chain. VAT applies to all products and services and has been in effect in GCC countries since January 1, 2018, with the exception of those in the education, healthcare, and Public Transport sectors. While the implementation of VAT has primarily impacted end-users, it is now imperative for businesses to adapt their processes and procedures to meet the legal requirements established by the federal tax authority in the UAE.
At HHB, we offer VAT consultancy services in the UAE. Our company boasts a team of skilled and specialized VAT consultants who provide streamlined UAE VAT registration online services. Additionally, we deliver a wide range of professional consultancy services, in full compliance with the FTA UAE Applicable laws and regulations. As a prominent VAT consultant in Dubai, UAE we have successfully assisted various startups, and small, and medium enterprises in resolving their VAT issues, ensuring that our consultancy services precisely align with their specific business needs.
To learn more about VAT-related matters, consult us and take advantage of compliance services from our professional team of chartered accountants.