On January 1, 2018, the UAE government implemented VAT. It was applied at a rate of 5% to the majority of products and services. Certain industries, such financial services, real estate, and transportation, are totally exempt from VAT. The VAT requirements may make you feel overburdened if your company is new in Dubai. We recognize that if you are just starting out, you might not have all the necessary information. With careful documentation, we enable the demanding procedure of VAT accounting. In Dubai, Company Daddy offers VAT assistance. We help you every step of the way and keep you from making expensive mistakes. For perfection, we meticulously manage every facet of VAT.
Companies operating in Dubai must adhere to the Accounting Standards. Even if there is no federal income or wage tax, a trustworthy accounting system must be established. To produce reliable information and analysis needed for strategic decision-making, you must adhere to standard accounting procedures. Accounting statements should be accurate since they give a true and fair picture of your business. Filing audited financial statements comes with extra procedures. Accounts must be held by shareholders as well.
We are committed entirely to your welfare and provide every possible help pertaining to VAT & Accounting. Here are the factors that make us stand out from the competition.