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VAT in UAE , Dubai VAT - Introduction to Registration, Records , Return, Tax Payment

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In this video I would tell you regarding Dubai VAT ( Value Added Tax ) which is going to be implemented across UAE from 1st January 2018 VAT will be introduced across the UAE on 1 January 2018 at a standard rate of 5%. As per Federal Law No. (8) of 2017 on Value Added Tax. Value Added Tax (or VAT) is an indirect tax. VAT is charged at each step of the ‘supply chain’. Ultimate consumers generally bear the VAT cost while Businesses collect and account for the tax, in a way acting as a tax collector on behalf of the government. The UAE Federal and Emirate governments provide citizens and residents with many different public services – including hospitals, roads, public schools, parks, waste control, and police services. These services are paid for from the government budgets. VAT will provide our country with a new source of income which will contribute to the continued provision of high quality public services into the future. It will also help government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue. TERMS & CONDITIONS ******** If you have any feedback, suggestions or doubts specifically related to the uploaded video ONLY then you can put comments in comment box only. ONLY FOR AVAILING OUR GST REFUND CONSULTANCY SERVICE **** Email me in my email id - [email protected] ONLY FOR AVAILING OUR GST CONSULTANCY SERVICE **** Email me in my email id - [email protected] FOR BUSINESS & SPONSORSHIP RELATED QUERIES ******** Drop E-Mail - [email protected] DISCLAIMER ******** This video is mere a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
Category: Транспорт
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Text Comments (2)
Hafiz Mohd. (4 months ago)
if i am running a facebook sponsored page and sell my items through that, and i do not a registered business in dubai, do i need to register that page and pay the tax?
GST by Saurav Dutta (4 months ago)
What is your registered place of business ?? Dubai or India ?? And what is the turnover ?? In Dubai you are exempted from registration till threshold limit of AED 385000

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