An all-natural individual will for sure have to possess a variety of individual facilities and also there has been unpredictability on VAT enrollment of these facilities. All that arises a need for laymen to get a full understanding of the facilities and clarifications about sole establishments in the light of VAT registration rules and regulations. […]
Previously the UAE’s tax system was simple, and people have to face no hassle in calculating their tax and payment regarding this purpose. Since 2018 when the government has implemented the VAT, people have to pay it. Those who ignore VAT they have to bear the penalty. Most people are unaware of making vat accounting entries. Therefore,[…..]
VAT (value-added tax) Registration is compulsory for all the businesses operating with a turnover of AED 375,000. Introduced on January 1st, 2008, Vat applies to companies that sell and go beyond the pre-determined yearly turn over the limit. Before we guide you about VAT return filing in UAE, let us brief you about some salient features and[…..]
After a few years of the VAT implementation, many business owners might consider opting for VAT deregistration. Some might be surprised to read this, but it is a fact that many small businesses might not get benefited from that system. That is why for many it is time to make up mind whether your business requires to[…..]