BSD Prime Account and Bookkeeping Services

VAT is also known as Value Added Tax which is an expense levied upon product or services. The UAE government introduced VAT in their Taxation system from 1st January 2018. They implemented VAT on goods and services with exemption upon food items, healthcare, and educational services. The standard levy tax rate is quite nominal i.e 5% (five percent) in UAE. This tax is a form of Indirect taxation that eventually falls on End-Users (customers). However, Businesses have to adapt and make certain types of changes to their accounting system process to comply with the VAT requirements regulated by the government.

We analyze it according to the Federal Tax Authorities (FTA) by providing the best tax consultant in Dubai. We all are aware of the fact that every business needs to maintain a book of accounts. And maintaining VAT needs top-notch services from VAT consultants in Dubai.

Hence, There are obligatory appliances of VAT on businesses that generate annual revenue of Dirham 375,000 or more. These businesses are required to submit an online VAT registration application within 30 days of being required to register. As per Federal Tax Authority (FTA) all businesses are required to maintain proper accounting records as per regulations and must record every financial transaction.

BSD Prime Account & Bookkeeping provides all VAT related consulting services to both start-ups as well as established companies of all sizes.

Registration is Compulsory when the revenue crosses the limit of 375,000 AED, But if business revenue is greater than 187,500 AED but didn’t exceed the limit of 375,000 AED then voluntary or optional registration should be done.

At this time business registration is not easy in Sharjah but don't worry we are from prime quantum services Sharjah company, this is the best vat consultancy in Sharjah, UAE. Our firm has various types of teams to solve all tax and finance-related issues.

If you need help registering a company, we will help you. To contact us via a phone call at +971 55 971 6033. Our Vat consultant in Sharjah is here ready for helping you 24*7.

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