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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, instead of the huge taxes in India. We provide you with an overview of the VAT registration services in Dubai in this article. Furthermore, it lists the information that needs to be provided to complete the VAT registration form. Business owners in the region...

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 offer business bank account opening service in Dubai. Our team of banking experts can walk our clients through every phase of opening a business bank account in a hassle-free manner Business Bank Account Opening in UAE: The Process Client study is the first stage....

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 company in dubai offering 360-degree solutions with regard to business formation in Dubai Free Zones, mainland, and off-shore locations. If you are looking for any type of company formation in Dubai mainland or any other areas, we can make the whole process hassle-free and enjoyable. We...

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.The taxable supplies and imports of a business must exceed AED 375,000 per annum in order to be registered for VAT. The tax is optional for businesses whose supplies and imports exceed AED 187,500 per year. A business house pays the government the tax it...

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 are both contributing to this growth. The COVID-19 pandemic and the decline in global oil demand and prices caused the GCC countries to experience a health crisis and a commodity market shock that caused the economies to contract by 4.8% in 2020. Most forecasts,...

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 that is taxed at a rate of either 5% or 0%. Similarly, imports are considered if the supply is taxable in the UAE if it was made within the country. The purpose of this blog is to provide facts about VAT filing in Dubai....

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 number that allows them to handle VAT duties in that country. Purchasing goods for your business is also eligible for VAT reimbursement. Moreover, if you plan on submitting your VAT returns, paying your VAT duties, and doing business with other tax-registered companies, you will...

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 open an offshore bank account Dubai without any hassles whatsoever. Open Offshore Bank Account in Dubai: the Benefits Let’s see what an offshore account is. It is an account in an offshore bank. How does it differ from an account at a bank in...

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 value of their taxable supplies and imports over the last 12 months is more than, or is expected to exceed in the next 30 days, the mandatory registration threshold of AED 375,000. Also, all non-UAE-resident businesses dealing in taxable supplies in the UAE must...

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 and other tax services. Our tax planning and structuring services go above and beyond to help your business achieve efficient functioning and compliance with savvy planning. We have a highly experienced team that dedicatedly works for the advancement of your business.Who needs professional tax...

As is known, VAT filing in Dubai is now mandatory. For eligible non-UAE-based businesses that don’t have vat registration in Dubai or vat registration UAE, there is an option to get a vat refund through the vat reclaim window that was opened on 1st March 2022 and is on till 31st August 2022. Such qualified businesses need to submit their Value Added Tax (VAT) refund requests to the Federal Tax Authority (FTA) for the 2021 calendar year. This vat refund falls under the UAE VAT refund for the Foreign Business scheme.During the 1 March – 31 August 2022, the...