Value added Tax (VAT) is the indirect tax that consumers pay indirectly when they buy and product or services. The main aim of introducing VAT in Gulf Cooperation Council (GCC) is to diversify the economies of member nations and uncover the revenue streams. VAT collection involves the collection of a standard tax of 5% on behalf of the government at every stage of supply chain. VAT is an expense that is applicable on all an expense that is applicable on all the products and administrations and it has been implemented in GCC countries from 1st January 2018. This tax has been implemented on all the products and services except, education and healthcare sector and food items. This implementation of VAT tax has mostly affected the en-users however it is now essential for the business setups to make changes in their process and procedures in order to meet the legal requirements implemented by the 0 federal tax authority UAE.
At AFMC, we are here to provide the VAT consultancy services in UAE. Our company has a team of talented and specialized VAT consultants that provide the easy UAE vat registration online services. At AFMC, we provide a range of professional consultancy services including VAT, GST and sales tax in compliance with the FTA UAE. Being one of the pioneer vat consultants dubai, we have helped different startups, small and medium enterprises in solving their VAT issues. We make sure that our consultancy services meet your specific business needs.