What is VAT?

Value Added Tax (VAT) is an indirect tax imposed on the supply of goods and services and the general VAT rate is 5%.It’s compulsory for businesses with a turnover exceeding AED 375,000 and nonmandatory for businesses with a turnover exceeding AED 187,500. VAT is a government way to get revenue to enhance public services, and for the development of the nation.

Why does a business require VAT consultancy service?

VAT consultants in Dubai help a business to run smoothly and efficiently. It can oversee a company’s revenue, help to avoid unnecessary taxes, and make sure that your business follows the norms laid by the law and order of the government. It can also be favorable for other tasks like right submission, strong supervision, and more.

Three major benefits of VAT Consulting Services in Dubai

Better decision-making– VAT consulting is provided by a  professionals who are proficient and trained in assisting businesses with the right information to enable VAT tax returns and ensure to provide businesses with all advantages.

Save time– Filing taxes and keeping an eye on every detail could be monotonous and very time-consuming which could lead to the neglect of other business activities. VAT Consulting Services save time for the company to focus on other business activities.

Deliver accuracy– VAT consulting services make sure to deliver accurate and reliable VAT tax services, providing a business with all the needed information related to VAT registration, filing, and returns. A business can trust them for effective functioning.

Conclusion–

If you’re running a business in Dubai or UAE, then you should definitely understand the requirement of VAT consulting services. Being on a list of the best vat consultants in Dubai and financial business advisors in Dubai, Acquara Management Consultant offers accurate and reliable VAT consulting services in Dubai and across UAE.

To know more about our services feel free to get in touch with us!