A move to UAE can largely eliminate your tax obligations as India has a GST rate of 18% and imposes several other commercial taxes. Our tax consultancy Dubai will help you save on taxes when you start a company in Dubai. Companies in the UAE are only liable to pay 5% VAT, which is refundable, …
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As a business owner in UAE, you need to have a business bank account. Opening a business bank account in Dubai or elsewhere in UAE is not a simple task, as strict compliance procedures need to be followed as mandated by the UAE Central Bank. As part of our full-range of business consultancy services, we …
Be a successful entrepreneur right in the global city of Dubai. If you are confused as to how to start your business in Dubai, we at IBM Global are here to help you out with the best and most cost-effective business formation services customized for you. IBM Global is one of the leading business setup …
VAT stands for Value Added Tax, which is a tax on the consumption or use of goods and services. A VAT of 5% is charged at the point of sale. Taxes are collected and accounted for by businesses on behalf of the government. Register for VAT (value-added tax) and submit VAT returns in the UAE. …
Gulf Cooperation Council (GCC) economies are expected to return to growth of 2.2% in 2021 following a year of economic distress, according to the World Bank’s Gulf Economic Update (GEU) titled “COVID-19 Pandemic and the Road to Diversification”. A strong global economic recovery, projected at 5.6%, as well as rising global oil prices and demand …
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Known as VAT, it is a tax levied on goods and services as they are purchased. Consumers will ultimately be responsible for paying it. Using the government’s assistance, the organizations are responsible for collecting and reporting the tax. In the UAE, a taxable supply is a distribution of goods or services made by a company …
The value-added tax (VAT) is assessed on the value added to goods and services purchased and sold in the EU. Any activity that consists of the production, distribution, or provision of goods or services falls under this law. In order to participate in European trade, VAT registration is almost always required. Businesses receive a VAT …
With a robust economy, UAE is one of the top investment destinations at the global level. Whether you are interested in setting up an offshore business in UAE or shifting your assets to UAE, you need to have an offshore bank account in UAE for efficient management of your finances. IBM Global can help you …
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If you are a registered taxpayer operating a business in Dubai, then VAT registration in Dubai is mandatory. Also, businesses must ensure that VAT filing in Dubai is done as per the Federal Tax Authority (FTA) guidelines. UAE-resident businesses engaged in taxable supplies in the UAE are required to fulfill VAT registration UAE, if the …
Efficient and strategic financial management and tax planning is the key to business success. Tax registration Dubai is an integral element of business operations in UAE. As the leading provider of accounting consultancy services, IBM Global enables you to steer your business to new growth through strategic tax planning services including Dubai company vat registration …
