In UAE, The VAT was introduced on 1st January of 2018. This year its turned into 1 year for UAE countries especially the Dubai business entities and transactions that are going through the Value added Tax System.
This newly implemented tax system directly will impact the improvement of high quality public services, since its a new dimension of income for the government.
Dubai and VAT
We all know Dubai is one of the top countries among all emirates, and sure Dubai is also popular as global city of opportunities, It was the first ranking city for Airport connections to business districts and 5th most affordable city in 2014. As per the PWC report, the state was the best soil for growing all type and size of businesses.
The main business types we can found in Dubai are Advertising , automobile, Beauty clinic, Hospitals, Consultancies, Tourism, eCommerce education etc.
To fulfil all needs of accounting and auditing requirements in Dubai the AGX accounting and auditing team is well prepared. Especially we studies many case scenarios from different countries that implemented VAT years before, Like from India and all,
Our team made a good home work to thoroughly study and implement VAT system for all sizes of organisations. Our confidence is our deep knowledge in VAT and a real life experiences. Confidently we can say that our customers are 100% satisfied in services we provided to them in VAT for the past business year.
In 2019 hopefully we are expecting we can satisfy many more customer needs, 2019 will be a great opportunity for all entrepreneurs, wishing Dubai and its business networks a good business year ahead.