Since 1st January 2018, VAT has been implemented in UAE. Value-added tax is a consumption tax levied on every value addition to a product or service during the supply chain from production to sale. Usually, the amount of VAT is passed onto the customer, so the supplier withholds the tax at every stage of the supply chain. The amount of VAT charged is on the product’s cost less any cost of materials used in the product that has already been taxed.
As per the UAE VAT laws, every entity providing taxable goods or services is liable to get registered and pay tax periodically specified by the Federal Tax Authority (FTA). Our qualified tax experts will assist you in setting up the perfect VAT system for your business. Whether it’s a service industry or trading of goods, we have got your back and will guide you to implement the VAT system that suits your need.
Mehta Systems provides every service that a society or every Business Organization needs. We stand with our ethical standards, follow industrially accepted standard practices and strong believes while delivering the best services at the client doorstep. From Accounting to Finalizations, Audits & Taxation and from then to Investments, we are always here to stand by you.
