Taxation
Expert taxation and financial management solutions
VAT Services
Business Accounting Services
Financial Forecast & Projection
Book-keeping Services
Accounts Payable
CFO Services
Inventory Verification Service
Tax Residency Certificate in UAE
Payroll Management
Month End Financial
PRO Services
Professional support for all your business needs
PRO Business Services Overview
MEA & MOFA Attestation
Golden Visa
Property Visa
DUBAI Customs Registration
Assistance in Bank Account Opening in UAE
DIFC Formation
Pioneering Excellence in Financial Foundations.
Overview
DIFC Foundation
DIFC Prescribed Company
DIFC Innovation Hub
DFSA Regulated Entities
The UAE 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 owned or managed by German entrepreneurs or investors, can benefit from VAT registration to recover certain input costs related to this tax.
We get many queries related to VAT. Below are some of the most frequently asked questions from our clients based in Germany and across Europe.
VAT is an indirect tax on goods and services, similar to the consumption tax in Germany and other EU countries. It’s a 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 is borne by the end consumer—not the business itself.
Flyingcolour® assists in all types of company registrations in the United Arab Emirates. We assist in Mainland, Free Zone, or Offshore company registrations across all Emirates of the UAE. We also assist in opening bank accounts with all major local banks. Our team works closely with UAE Government Departments and banks.