VAT

VAT

PARTNER WITH A VAT TAX CONSULTANT IN DUBAI AND THE UAE

At the beginning of 2018, the government of UAE will roll out the first-ever iteration of Value Added Tax in the country, which will be levied on a range of applications in order to stimulate the local economy. The Ministry of Finance specifies a 5 per cent VAT to be implemented on transactions for various goods and services, as well as on the use of public infrastructure and services.
Dubai, as a part of the UAE, will be involved in developing a legislative framework for the tax, along with other countries in the Gulf Cooperation Council, (GCC) to ensure that the levy benefits and diversifies the local economy as planned. Make sure your business is prepared for the economic impact of the legislation, with the help of a professional VAT consultant in Dubai

HOW IRCOCA CAN HELP YOU?

Due to the nascent nature of the legislation in this country, most businesses only have a vague idea about the requirements involved in VAT compliance, such as the proper documentation and filing procedures entailed in the compliance process.
IRCOCA Chartered Accountants have a team of tax specialists who can help your business structure in-house recording and filing processes to ensure that your company does not incur any penalties from improper compliance. We will help you identify the potential financial challenges you might face in the implementation of VAT.We can also assign you a dedicated VAT consultant to update you on the latest developments regarding the legislation.