5 Important Points On Vat For Small Business In Uae

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5 IMPORTANT POINTS ON VAT FOR SMALL BUSINESS IN
UAE
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VAT in UAE

• VAT is value added tax.
• VAT is charged at every point of sale.
• VAT is not a cost to the business.
• A business must compulsorily register for VAT
  based on existing rules and regulations.

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Changes to Business Structure

• Significant cash flow impact on some companies,
• VAT can be charged at each stage of production
  and distribution, which can be challenging .
• If you have more than one business entity
  conducting the service, you will be taxed on
  transfers as per existing rules and regulations.

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Ultimately who pays VAT

• The process of collecting and remitting VAT lies
  with the company, ultimately it will end up being
  charged to the customer via sales channels.

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Why Hire a VAT Expert in UAE?

• Saves companies time and cost of resources.
• Timely Implementation and Compliance
• Up to date business records for anytime checks

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Efficiency for Business

• There are plenty of long-term benefits to be
  gained from replacing unproductive, out-of-date
  accounting systems.
• For smaller companies businesses VAT systems
  might be low-cost software or apps.
• It is recommended you register for VAT and take
  the advice of a VAT consultant in UAE who can
  assist your business .

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Suggested reading How VAT will benefit your
business in UAE.

• THANK YOU