The United Arab Emirates is all set to introduce the first Direct Tax in its history, Corporate Income Tax, honoring International Taxation Practices and diversifying income sources. It is time for business entities to prepare themselves for the change. We, at Nex Consultants, will be grateful to assist you to incorporate your venture. So, incorporate your business in this city with utmost confidence.
Fulfill Compliance with Tax Filing
The Federal Tax Authority of the United Arab Emirates has now opened its official VAT registration portal, allowing eligible businesses to register for VAT starting 1st of October, 2017. VAT will be effective from 1st of January, 2018 at the rate of 5%. It is mandatory for businesses that are resident and operating in the UAE to register for VAT if they make taxable supplies in excess of the VAT registration threshold of AED 375,000 per year. Voluntary registration shall be available to businesses which make taxable supplies above AED 187,500 per year. The Authority shall issue an Administrative Penalties Assessment for taxable businesses failing to submit a registration application by 31st of December, 2017.
Reliable & Affordable Services
Are you looking for Accounting and bookkeeping service in Dubai, UAE that can help you in growing your business ? Accounting and bookkeeping are the spinal cord of an organization and it plays a major role to track the income and expenses. For the hassle free operation of your business, a right accountant and bookkeeper is always important. It’s helps you to generate accurate financial statement of the company. We Nex Consultants offering comprehensive accounting and bookkeeping services to make hassle free administrative of your organization.