Why Should You Choose to Have a VAT Consultant in Dubai?
Have you ever tried to maintain books of accounts such as purchases, spending, and payments on your own? If you have, then you would know how difficult it is to manage these things. With tax rates updated from time to time by the government, it is sometimes difficult to keep yourself updated with all the rules and regulations. Especially, when you are working as core management. A VAT return can be a huge problem for every business and if there is a mess, the business owner may likely face huge penalties. Apparently, hiring a VAT consultant in Dubai is the best solution to get rid of the Tax & vat challenges. Value Added Tax (VAT in UAE) The VAT stands for Value Added Tax. The concept of VAT is new for UAE Entrepreneurs and Small Business owners and was introduced to the country on 1st January 2018. It is a form of tax that is a new source of income for the government which can be utilized to provide high-quality public service. The standard rate of VAT is 5% and is applicable