Several fines have been imposed on non-compliance of VAT in UAE, thus it has become extrememly crucial for all the business to follow the taxation system in UAE. Fines for not registering for VAT is 20,000 AED currently, whereas nonpayment of taxes due, after one month a daily penalty applies of one percent of the total due applies. Save yourself from such consequences and find an inexpensive resolution at Shuraa Tax Consultants visit – https://www.shuraatax.com/ or call us on +97144081960 / +97150579501.
VAT in UAE
Companies need to recognize VAT in UAE as a financial change and accordingly rationalise the income, expenses, profits and loss in the given business. All business activities are obligated to function on the terms of VAT implementation in UAE. However, if you are having trouble tackling the new taxation system, then get in touch with our UAE tax advisories and accountants at Shuraa Tax Consultants.
Tax Agent in UAE
The directive of the Federal Tax Authority prospered the law under Article (1) Federal Law No. (7) of 2017 on Tax Procedures. Business entities will have to appoint a Tax Agent in UAE for any of their taxation procedure with the FTA. For tax implementation in UAE business contact Shuraa Tax Consultants to get a qualified and experienced Tax agent in UAE.
Business Setup & Tax Advisory
Business setup in UAE today calls for the consideration of VAT and taxation system in the country. While opting to start a business in UAE it is now mandatory to also familiarize with the various UAE taxation policies that follow. Speak to Shuraa’s business setup and tax advisors in Dubai, UAE to get a comprehensive step-by-step support on the tax rules and regimes of UAE.
Other Financial Services
Shuraa Tax Consultants offers various financial services related taxable entities, those entitled to register for VAT in UAE, maintain excise tax and monitor the annual accounting and book keeping records for the business transactions. At Shuraa we also guide you on the several directives described by the Federal Tax Authority of UAE.
For more information on our taxation services and VAT related assistance contact SHURAA TAX CONSULTANTS. Call us on +97144081960 / +97150 579 5019 or visit https://www.shuraatax.com/
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