2615 Aspin Commercial Tower,
Sheikh Zayed Road, Dubai, UAE
+971 4 346 4064
+ 971 50 747 6991
info@silverstone.ae
vat@silverstone.ae

UAE VAT Consulting & Training

The United Arab Emirates has issued legislation and regulations, based on the GCC VAT Treaty, the launch of Value Added Tax from 1 January 2018.

The standard VAT rate will be 5%, with a nil VAT rate for some goods and services. Businesses making taxable supplies must register with the tax authorities if turnover exceeds AED 375,000 (around $100,000). VAT is charged at each step of the ‘supply chain’. Ultimate consumers generally bear the VAT cost while Businesses collect and account for the tax, in a way acting as a tax collector on behalf of the government.

There is a lot to do! Making sure that IT Systems are capable of dealing with the new tax, creating VAT reporting procedures and VAT filing procedures, and a host of other tasks all designed to ensure that VAT Returns are correct from first to last. Our Vat Experts and Consultants in Dubai are more than capable to overcome any issues that may be encountered during the process of accounting.

It is a challenge, but a challenge we will enjoy. We are currently expanding our provision in the United Arab Emirates and the Kingdom of Saudi Arabia and we are building a significant resource of technical expertise in GCC VAT.

We can provide:

  • VAT Training Services
  • VAT Impact Assessments
  • VAT Implementation Services
  • VAT Consulting Services.

 

For further enquiries, please email us at info@silverstone.ae or call 00 971 4 3464 064.