VAT Service in Dubai, UAE
The United Arab Emirates Government introduced Value Added Tax (VAT) on 1st January 2018 with a standard rate of 5% on all goods and services in the country. Businesses in the UAE, including those managed by Australian entrepreneurs or investors, can benefit from VAT registration to recover certain costs related to this tax.
We get many queries related to VAT. Below are some of the most common questions we get from our clients based in Australia and abroad.
VAT is an indirect tax on goods and services, similar to consumption tax in many countries. It is a broad-based, multi-stage consumption tax that applies throughout the supply chain and is collected by registered businesses on behalf of the government. Ultimately, the VAT burden falls on the consumer, who is the end user, and not on the businesses themselves.
Frequently Asked Questions
Flyingcolour® assists in all types of company registrations in the United Arab Emirates. We assist in Mainland, Free Zones, or Offshore company registrations in all Emirates of UAE. We also assist in opening bank accounts with all local leading banks. We closely work with all Government Departments and banks.