Best VAT Accounting Assistance in Dubai, UAE | VAT Accountants in Dubai, UAE
Value Added Tax (VAT) is an indirect tax that is charged on certain goods and services in UAE. It is calculated on the value of the goods and services. VAT accounting requires accurate recording, analysis and professional documentation. Hence, outsourcing VAT accounting services to a professional and experienced consultant is essential for VAT management. Parsh is a well-known name in the field of VAT services and tax consultation. We cater to the diverse needs of businesses. Our team will help you record and maintain all VAT activities as per the UAE VAT law.
Every business in UAE is required to maintain a book of records and proper documentation regarding the consumption tax to be paid. With hundreds of transactions taking place in a business, it becomes difficult to maintain a record of every transaction with applicable taxes and often business owners do know have complete knowledge of managing taxes. Hence, it is always better to take help from professional tax consultants like Parsh who can efficiently do all the tax management for your business and provide a complete range of VAT-related services. Here is why you should hire a professional VAT accounting service.
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A VAT is categorized into two types.
Input VAT - It is charged on goods purchased or services offered. For FTA-registered buyers, the VAT amount is deducted from the settlement.
Output VAT - It is charged on the goods sold and services delivered. It is calculated directly.
The following documents are required for proper VAT accounting/
It is always advisable to hire a tax consultant instead of relying on data available online. At Parsh, our team will guide you on every step and will share dos and don’ts of paying tax returns. We give the best service so that you never have to pay any penalty. (A penalty of AED 10,000 is imposed if a business fails to record transactions properly). For more details, contact us today.
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