VAT Consultancy - Vital for a Company’s Growth
Value Added Tax or VAT is a consumption tax paid by the users. It is levied on goods and services at each stage of the supply chain process where value is added, from initial production to the last point of sale. The amount of VAT paid by the user depends on the cost of the product minus any costs of materials used for producing the product. This minus amount is already taxed and paid at a previous stage in the process. VAT consultants in Dubai allow companies to carefully record their income costs and VAT expenses associated with it. It may become challenging for taxpayers to fulfil tax compliance. But with the help of professional VAT consultancy services in Dubai who provide continued support to taxpayers by embracing proper tax procedures and VAT compliance, it is easy to furnish and document Vat. VAT was introduced in UAE on 1st January 2018 with a standard rate of 5% to provide high-quality public services for the future. The UAE government provide its citizens and r...