VAT IN UAE- 1ST JANUARY 2018
VAT IN UAE- A PRACTICAL BUSINESS TAX VERSUS CHALLENGES
VAT is being implemented in UAE from 1st January,2018.
The challenge is not only to implement VAT but to prevent the miscarriage of VAT.
VAT will command a two way task wherein every business needs to understand its complete business model under the perspective of its vendor and customers along with its organisational standing.
VAT requires complete screening and vetting of documents. It requires well thought anticipations and formulation of new Contracts and/or addendums to safeguard and incorporate every left out areas of business which may hover or effect in coming days”
AMLEGALS believes that
VAT will bring new business dynamics in entire GCC and ultimately to effect the international business in substantial manner. The better prepared business organisation will find out enhanced and effective opportunities in VAT regime.