Chartered Accountant Firms | Best Auditors In Dubai

Accounting and Auditing Firms in Dubai
 

UAE is a land of opportunities for many businesses. Over many years, businesses have seen amazing growth and new footholds in West Asia and African markets. The business-friendly ecosystem in UAE has enabled the success of many companies in the UAE. Value Added Tax (VAT) was introduced in the UAE and other Gulf Cooperation Council (GCC) member countries to overcome the falling oil revenues. The VAT is a relatively new tax in the UAE and GCC. The UAE and GCC residents are not familiar with the process of collecting and dealing with indirect taxes, as many businesses do not pay any income tax or corporate taxes in the UAE and GCC. Chartered Accountants Firms in Dubai helps companies to understand the VAT law and follow all the necessary procedures regarding the VAT, which includes the bookkeeping of records, accounting, payment, and filing of the VAT returns within the specified periods.

Records to be Retained by the Taxable Entity are as follows:

  • The records relating to all outward supplies from the business.
  • All tax invoices are related to the inward supply of goods and services in the company.
  • The records of all the goods and services which are exported.
  • The records of all the goods and services which are imported.

Best Auditors In Dubai helps companies to understand the VAT law and follow all the necessary procedures regarding the VAT.

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