Keeping up with frequently changing provisions of VAT legislation may seem difficult for companies. Thankfully, the team of Bestax Chartered Accountants can thoroughly examine and understand the complexities of the VAT landscape for taxable companies. Further, they help businesses with VAT registration services in Dubai to ensure that their operations are compliant with the recognised indirect tax positions and practices. Their charted accountants and advisors offer pleasant financial problem-solving assistance to partners, individuals and businesses. They also anticipate upcoming government rules and market developments to improve a company’s chances of success.
Speaking about the need for VAT registration, Bestax Chartered Accountants’ spokesperson said, “We are offering expert financial advisory services in Dubai for around 15 years now. So, we understand why VAT is mandatory for all taxpayers as per the Federal Decree-Law No. 8 of 2017 on VAT and the 2017 Cabinet Decision (52). Both taxable businesses managed on the mainland and in the free zones of the UAE are equally accountable for adhering to VAT regulations. Therefore, companies need to go for VAT registration in Dubai.”
Since 2018, taxable supplies of goods or services are subject to a 5% VAT charge at every stage of the supply chain. Only businesses that are registered for VAT can collect this value-added tax from customers on behalf of the regulating body. Some of these reasons are to increase the national budget, stabilize the economy, new income sources, make life easier for UAE residents, improve business credibility, avoid any unwanted VAT penalties, etc.
The spokesperson also said, “To face the increasingly tough business environment of today, we have a team of qualified and dedicated professionals. We have a strong sense of commitment to our industry and are pleased with the number of happy customers we have. Every client receives reliable financial and tax-related services that go above and beyond their expectations from us. When it comes to VAT registration, we aim to offer proactive tax services to help companies attain their contractual responsibilities. Meanwhile, it would help them to reduce their tax liabilities as much as possible while still adhering to the law.”
BestaxCA is a financial services consultant with Federal Tax Authority approval and UAE registration that offers cost-effective value-added solutions to fulfil various company needs under one roof. From the management of accounts and corporate planning to VAT registration, tax returns, and payroll, they offer a comprehensive range of accounting services. To ensure that their local or international customers' expectations are met, they ensure one-on-one communication. That has gained them a wide range of accounting clients in the UAE.
About Bestax Chartered Accountants
Bestax Chartered Accountants provides expert financial advice in Dubai's Business Bay. The award-winning firm works with dedication to protect the money of clients by operating morally and adhering to all federal regulations. They even help businesses get VAT registration services in Dubai . Explore their official website to find more information on their financial advising services and more.