Assistance in VAT & Accounting
VAT stands for Value added tax. VAT is the tax charged on the products and services. As the value of the products and services increases the VAT taxes the value and is then added to it. This tax is paid by the customer and not the business that is providing the services or the products. When it comes to charging VAT it is important to keep in mind that only those businesses can charge VAT if they are registered. If your business or company isn’t registered you cannot charge VAT on your products or service.
VAT was presented by the UAE government on January 1, 2018. It was carried out to the majority of the labor and products at a 5% rate. There are sure areas totally absolved from VAT like transportation, land, monetary administrations. In the event that you have another business in Dubai, you could feel overpowered by the VAT commitments. We can comprehend that you might not have all the expected data, assuming you have recently begun. VAT bookkeeping is a thorough cycle, and we make it conceivable with fastidious documentation. Brilliant Fortune gives help with VAT in Dubai. We guide you all through the whole interaction and keep you from making exorbitant mistakes. We cautiously handle every part of VAT for greatness.