Blogs
VAT On Education In GCC
October 18th, 2024Overview on VAT in the GCCVAT registered businesses that supply goods and services are subject to VAT at either the standard or zero rate.The mandatory registration threshold shall be AED 375,000. Read MoreUnless supplies of goods and services are zero rated or exempt, they will be subject to VAT at the standard rate. The standard rate will be...
VAT On Household Products In The GCC
October 18th, 2024Overview on VAT in the GCCVAT registered businesses that supply goods and services are subject to VAT at either the standard or zero rate from 1st January 2018. The mandatory registration threshold shall be AED 375,000. Unless supplies of goods and services are zero rated or exempt, they will be subject to VAT at the standard rate. The standa...
Investing With A Tax Consultancy In Dubai
October 18th, 2024Daily we come across abundance of tax firms here in Dubai. Not only are more people now concerned about the way in which they regulate their tax payable but more of us are now keen on ensuring that we reduce the amount to be paid as much as possible within a regulated and legal scope. However most of us, struggle to manage these numbers by ourselve...
Grasping The Basics Of VAT In Dubai
October 18th, 2024What is VAT?VAT stands for Value Added Tax. This is a certain percentage imposed on most goods, subject to exceptions and limitations, during each stage of its production and distribution. Even though VAT in Dubai has not been exhaustive, with recent times, there have been more regulations imposed on businesses in a manner which isn’t too burdensom...
Examining the Newly Implemented VAT Laws In The UAE
October 18th, 2024As a business owner in the UAE, as of 1st January 2018, it will be mandatory for certain companies to be registered for VAT.VAT is commonly known as an indirect tax that’s levied on the consumption of goods and services in a country, and is currently in effect in over 180 countries worldwide. The UAE joins this list as of this year, and as such, re...
Life after VAT in The UAE
October 18th, 2024As of January 01st 2018, all business entities that bring in an annual revenue of Dh375,000 and over, must register for VAT, after which they will be liable for a 5% VAT charge. Those that earn less than Dh375,000 but over Dh187,500 can register if preferred, although at this stage it isn’t mandatory. This includes newly built residential propertie...
VAT for Dubai Registered Companies
October 18th, 2024If you’re currently in the process of setting up your own business either as a start-up or small business, then it is vital that amongst all other processes including registration, scouting out an office and hiring employees, you also implement the right tax protocols along the way. This primarily begins with maintain accurate business transaction...
A Crash Course in VAT Laws and the UAE
October 18th, 2024From January 01st 2018, all businesses in the UAE bringing in an income of AED 375,000 and over must register for VAT, and continue to meet the necessary tax regulations accordingly. The Sarah Ferguson Tax Consultancy has been a preferred tax consultant Dubai for a number of reasons, our extensive experience being a key one of them. In line with th...
3 Reasons Why Tax Consultancy Is the Only Tax Consultant You’ll Ever Need
October 18th, 2024As of January 01st 2018, the UAE will be subject to VAT laws which will affect businesses who fulfil specific VAT criteria. Whilst you’d need to double-check whether your business specifically needs to adhere to these VAT protocols, in general, businesses who meet the income threshold of AED 375,000 annually definitely to make the 5% commitment acc...
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