VAT Archives - Page 3 of 3 - Alpha Pro Partners

It is fairly common by now that most people in the UAE are now aware that the UAE government is going to implement VAT (Value Added Tax) from 1st January 2018. It has also been widely announced that the VAT rate will be five per cent and that the UAE is among GCC members (Saudi […]

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Most people have a preconceived notion that VAT (Value Added Tax) is a burden for all including small businesses. However, if your business is organised with the help of a VAT expert, VAT may not be too onerous to you. Although VAT in the UAE and in the GCC is a very new concept, it […]

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It has been a while since the UAE and the other GCC countries signed an agreement to implement VAT by 1 January 2018. For many companies there may be a misconception that just because it is going live in 2018, they can wait until then before they start the process of preparing for VAT. The […]

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Having an Accountant is very important for small businesses especially if they are new and/or growing. They can help with a number of specialist functions which entrepreneurs and business owners shy away from but are critical to the business. These can include the following – preparing budgets and management accounts, offering financial advice, and with […]

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In 2014, the UAE Ministry of Finance reported that the corporation tax policy has been approved by the UAE Cabinet, however, as of now, the corporation tax law draft is yet to go through the legislative approval process for it to be enacted. Corporation tax is a tax imposed by states to businesses and corporates […]

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VAT (Value Added Tax) is an indirect tax imposed by a Sovereign government on consumption. When a business is liable to collect and pay VAT there are a number of processes it will need to do to prepare for the on-going administration. A VAT registered business is therefore acting on behalf of the government as […]

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On the 24th February, it was announced by His Excellency Obaid Al Tayer that the UAE will implement VAT at the rate of 5% from the 1 January 2018. This is in line with the neighbouring GCC states also implementing VAT at around the same time or by 1 January 2019 at the latest. These […]

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