Assistance in meeting statutory compliances like VAT compliances, registration, return filling which is crucial for successful flourish of the business in any part of the world. Since 1st January 2018, it is the rule of the law to implement VAT in all the businesses that are operational in UAE. VAT (Value Added Tax) is an indirect tax levied on the difference between a commodity's price before taxes and its cost of production.
Registration for VAT: Registration of VAT is a form of compliance of the rule of the land in the UAE. The procedural formalities can be a little extended in terms of time but it has to be completed on time nevertheless. Therefore, we provide all the guidance in this direction; whether the company got any exemption in this respect or not, whether the group registration or standalone is more apt etc.
Excise Tax registration :Excise tax was has come into effect from 2017 across the UAE. Excise tax, a form of indirect tax levied on specific goods, which are believed to be harmful to both health and environments. These goods are referred to as “excise goods”. The UAE Government is levying excise tax keeping in mind the reduction of the unhealthy and harmful commodities whilst raising revenues for the government that can be spent on beneficial public services. Furthermore, it has a set of definitions for a few articles, which may be considered, as excise goods. These include carbonated drinks, any concentrations of powder gel or extracts. Similarly, tobacco goods and the energy drinks containing simulating substance like caffeine, taurine, ginsengs etc in excess are also applicable for excise tax.