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VAT will help SMEs get  . bank credit easier Obtaining credit facility from the banks will become easier for the small and medium enterprises in the UAE after the implementation of VAT as the companies will have to maintain their books from next year The major challenge for SMEs is that they have to maintain their books properly and regularly in order to be VAT-compliant A lot of SMEs will be benefiting from the VAT who never thought of going to banks for credit facilities for expansion or in tough times when you need bank support. Because the companies will keep their books clean, therefore, when there are tough times the book will be ready and they can obtain credit easily. Now people complain about not having them The SMEs will be able to get more finance because their turnover will not be questioned by the lenders as their records will be clean The UAE Central Bank data showed last year that the bank funding to the UAE-based SMEs tightened as the financial ...
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VAT in UAE: What you need  to know Dubai: In 2018, consumers in UAE are expected to pay a 5 % value-added tax when purchasing most goods and services The six states in the Gulf Cooperation Council (GCC) region have agreed to implement VAT, which will generate $25 billion (Dh91.8 billion) in tax proceeds every year The new tax policy’s go-live date is only less than a year away, yet many questions still hang in the air.  Gulf News  collates information from various sources, to answer some of these queries ? Will I pay VAT every time I purchase something at the grocery No. There will be a number of items in your shopping cart that will be VAT-exempt. GCC states had already agreed to exempt about 94 food products, as well as the healthcare and education sectors.  That means your grocery, hospital or school bills will most likely remain unchanged, unless there are price hikes. A new law, however, has yet to be released to specify which items are non...
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المكان: Al Abraj Street, Behind Oberoi Hotel, Business Bay - دبي - الإمارات العربية المتحدة
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Importance of a Tax Consultant A tax consultant can be known as a tax adviser as he guides you on the guidelines so that you are able to increase your tax refunds. All these people are trained in law enforcement and bookkeeping procedures in order that they will be able to let you handle your taxation and cashflow also. Assessing your taxes may be time and energy intensive effort therefore that it really is much better to employ the help of tax advisers  Accounting Firm In Dubai The demand is based upon your own business requirements. In the present era every cent stored in was once reinvested within the industry therefore it’s quite imperative that you obtain the appropriate financial information when planning your enterprise funding. Where taxes are more concerned you are able to spare a great deal of money in case you’ve got the appropriate understanding regarding deductions and tax credits that are applicable. This isn’t all about finding loopholes or any gray spots, bu...
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المكان: مدينه نصر، المنطقة الأولى، مدينة نصر، محافظة القاهرة‬، مصر
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