VAT Advisory

VAT Advisory

VAT or Value Added Tax has become one of the most common tax system accepted by almost all countries across the world. If you are a business that looks for professional support and advice in a range of aspects of VAT in UAE, then ADEPT is one of the best places that you can get all the help you need. Ever since the government of UAE has accepted VAT as the preferred tax system under the VAT Law from January 2018, all businesses are required to be compliant to the VAT systems and its guidelines. However, there is more to VAT than just the percentage of tax levied and the mandates a business has to follow when it comes to VAT. With our expertise in the field of taxation and our knowledge in the implementation of VAT, we can provide you with all the support you need from ADEPT. Importance of VAT in the Conduct of Business Though VAT is an additional charge that needs to be paid, it brings a range of advantages for the business that pays it and the economy as large. The advantages for the business are as follows, · It helps the business run its operations more effectively · An untarnished VAT com pliancy helps the business augment its good-will · It persuades the business to monitor cash flow and effective fund allocation · VAT helps business have better supplier and customer relations