What is VAT?

What is Vat?

Came into effect in UAE on January 1st, 2018; Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale.

VAT is a form of indirect tax used in more than 180 countries all around the world. The end-consumer ultimately bears the cost. Businesses collect as well as account for the tax on behalf of the government.

VAT is administered by Federal Tax Authority of the UAE, which comes under Ministry of Finance.

How We Make it Possible?

Using state-of-the-art cloud technology and a supporting mobile application, and employing a team of qualified and experienced Accountants and Tax professionals

Who Should Register For VAT?

Mandatory: If taxable supplies of a Business exceeds the threshold value of AED 375,000 per year, or is expected to reach to that mark

Voluntary: If taxable supplies of a Business is between AED 187,500 & 375,000 per year, or is expected to reach to that mark

Not Required: If taxable supplies of a Business falls below the value of AED 187,500

Should De-Register: If a person does not make taxable supplies below the voluntary threshold any more, or has mistakenly registered

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Reach out to us and we’ll take care of all your needs.