Value Added Tax (VAT) Services
VAT came into effect in United Arab Emirates and Saudi Arabia (KSA) as at 1st January 2018. Later on, Bahrain and Oman have joined VAT club. The Standard Rate of VAT is 5% on all products and services unless they are defined as Zero Rated or Exempt while KSA has now lifted the rate to 15% and Bahrain to 10%.
The Standard of Value Added Tax (VAT) in United Arab Emirates (UAE) is 5% on goods and services.
All the business with Taxable Revenue or Expenses threshold set by the respective country, are required to register for VAT. Business can also register on voluntarily basis provided they meet the minimum Taxable Revenue or Expenses threshold. Read more about VAT procedures at our
Acute Business Blog.
We are providing VAT related services in VAT implementing GCC countries UAE, Oman, KSA and Bahrain.
We can assist you with following VAT Services.
- Registering for VAT and having a Tax Registration Number (TRN).
- Determining the application of correct tax rates.
- Computing VAT Return.
- File VAT Return.
- Keeping up with records of all required documents for accounting and tax purposes.
- Guidance for tax procedure and rules.
- VAT Deregistration.