What is a Consultancy service? Does VAT apply to consultancy services?: A consultancy service is simply a firm that provides professional services for a fee. For example, A client may ask whether it’s better to buy something or make it in-house, to implement some business plans, marketing, etc.. The consultant will advise the company or […]
Is VAT Applicable for Freezone companies in UAE? Freezones are the designated zones; they supply tax exemption and plenty of other facilities to boost the country’s business economy. The Designated Zone is a VAT-free zone that’s considered outside the State of UAE for VAT. As a result, any transfer of products between Designated Zones, VAT
VAT on exports from UAE to GCC countries: Not all the states included in GCC have implemented VAT on their exports. Two GCC states have implemented VAT in recent years, the UAE, and Saudi Arabia. So, VAT on exports from UAE to GCC countries varies depending upon the applicability of VAT in the destination country.
VAT on Export in UAE Value Added Tax is still a new concept to many people in the UAE. Moreover, the introduction of VAT is exceptionally a revolutionary decision in the business sector of the UAE. Such business aspirants who want to start a business in the UAE must thoroughly understand the rules, regulations, and