VAT REGISTRATION
Value-Added Tax (VAT) is a form of indirect taxation that is implemented in 160 countries worldwide. Specifically, VAT is a taxation system applied to the consumption of various goods, products, or services. It is categorized as a "Consumption tax" and is unrelated to the income of the taxpayer. This taxation system is widely adopted in the European Union.
VAT was introduced in the UAE and GCC countries at the beginning of 2018, with a standard rate of 5%. As the name suggests, Value-Added Tax implies that the value of a product or commodity increases at different stages of the supply chain, from manufacturing to distribution or sales.
In the UAE, VAT registration is mandatory for all businesses, regardless of their size or industry. Whether you are an entrepreneur planning to expand your business to the Emirates or a business owner already operating in the UAE, a clear understanding of VAT registration in the UAE is essential.
Frank & Frank stands as one of the leading VAT consultants in Dubai, UAE, offering excellent VAT registration services across the Emirates. In the following sections, we will explore various aspects of VAT, including registration, VAT certificates, VAT groups, and more in a straightforward manner.
