Decision Management Consultants (DMC) is established in Dubai since 1990 and is also licensed to practice VAT/Tax Consultancy along with our other related business services
Decision Management Consultants (DMC) is established in Dubai since 1990 and is also licensed to practice VAT/Tax Consultancy along with our other related business services
VAT-related responsibilities of businesses
All businesses in the UAE will need to record their financial transactions and ensure that their financial records are accurate and up to date. Businesses that meet the minimum annual turnover requirement (as evidenced by their financial records) will be required to register for VAT. Businesses that do not think that they should be VAT registered should maintain their financial records in any event, in case we need to establish whether they should be registered.
Registration
Registration of the business for VAT with Federal Tax Authority has been started from October 1st, 2017.
All businesses with a turnover exceeding AED 10M should apply for VAT registration before 30 November 2017.
All businesses that must be registered by 1 January 2018 should submit their VAT registration applications before 4 December 2017 to minimize the risk of not being registered in time for the beginning of the New Year.
Please feel free to call us on +97142624023 for any clarification or email us on info@dmcdubai.com