Businesses should very well know what they are getting into. Cash is king for a company and tax is all about cash outflows. Back in 2017, the FTA started welcoming all UAE-based enterprises to register for tax, at first registrations were open for Excise Tax only, but later on, by the start of 2018, Value Added Tax (VAT) was introduced and implemented nationwide. Since VAT is a tax that is levied on goods and services, it is a consumption tax and its burden eventually falls on the consumer. So essentially, a business or seller just collects it from the consumer to pay it to the tax authorities.
At ACCBOOKS we specialize in providing VAT-related assistance to businesses across UAE. We work closely with the clients and provide them with plausible service from start to end. Therefore, it is beneficial for companies to seek guidance and outsource all tax-related tasks to experienced and professional VAT Auditors. Let us take care of it so that you can focus on the real business.