UAE had announced the introduction of value added tax (VAT) in the country starting January 1, 2018. The UAE blue-chip companies are ready to face the challenge of new consumption tax in January 2018. The challenge would be with the small businesses, SMEs which are a significant portion of the market, how they are going to adapt and how fast.
As per the Tax Procedures law:
HOW CAN WE HELP YOU?
It is mandatory for every taxable person to maintain books of accounts under UAE VAT law. In addition to that the authority can ask for additional documents such as, annual accounts, general ledger, VAT Ledger etc. Under the UAE VAT law, the books of accounts and records are to be maintained for five years.
Requirements for a business prior to VAT implementation:
Our expertise and proficiency in accounting and book-keeping alongside our erudite team can be help your business flourish,
while we take the responsibility of keeping your books up-to-date & filing your returns in an organized manner avoiding
any further barriers that may cross paths with your business.
We can help you meet these requirements at feasible rates and enhanced quality.