VAT Consultant in Abu Dhabi

Shuraatax16 May, 2024Finance

The UAE entered the world of taxes a few years ago. The government introduced Excise Tax in 2017 followed by Value Added Tax (VAT) in 2018. VAT, also known as consumption tax, is an indirect tax imposed on saleable goods and services. According to the VAT law, every business in the UAE is required to register for VAT with the Federal Tax Authority. However, undertaking all the VAT responsibilities can be a bit of a challenge for the business owner, which is why they seek a VAT consultant in Abu Dhabi who can represent their company and fulfill the formalities on its behalf.