Month: July 2020

Bens Auditors, best VAT consultancy in Dubai

Implications Of VAT On Property Development Sector In GCC

Value-added tax is often applicable to a set of business supplies that can either be a service, material, or product. In GCC, the property is also considered a taxable supply for which the property owners have to pay VAT. There is a certain vendor who is working with non-taxable supplies that are exempt from VAT. Thus VAT serves as an additional cost to those dealing … Continue reading Implications Of VAT On Property Development Sector In GCC

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Bens Auditors

Mini-Handbook of VAT in UAE

The residents of UAE has enjoyed tax-free living for years. Recently, the Gulf CooperationCouncil has recommended the imposition of Value Added Tax to reduce the burden of revenue generation on petroleum products. Owing to this, UAE has introduced VAT since January 1, 2018, to ensure a new resource for generating income for the state. The government has decided to improve the quality of public services. … Continue reading Mini-Handbook of VAT in UAE

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