CHARTERED ACCOUNTANTS IN SHARJAH
Merak Tax Consultant is one of the leading accounting firms in Sharjah, providing exceptional auditing, bookkeeping, and accounting services in Sharjah and around the UAE. At Merak Tax Consultant, we provide complete accounting services and work hard to comprehend your business’s demands and long-term objectives so that we can deliver custom solutions to fulfill all of your business’s needs. Our extensive range of accounting services in Sharjah consists of Account Reconciliation Services, Updating of Backlog Accounts Services, Bookkeeping Services, Financial Reporting Services, new company formation services, and a great deal more to assist your UAE-based firm is operating effectively.
VALUE ADDED TAX FOR UAE BUSINESSES
On 1 January 2018, the United Arab Emirates implemented a new indirect tax known as Value-Added Tax (VAT) with a rate of 5% on goods and services. In the wake of the oil crisis, the GCC countries’ VAT policy could potentially broaden their economic scope by integrating an additional revenue stream. By changing to a more sustainable consumption model, this new source of revenue will be used to fund high-quality public services. In addition, it seeks to lessen the government’s reliance on oil and other hydrocarbons as a revenue source. VAT consultancies in the UAE offer a variety of file VAT return services in Sharjah and throughout the UAE to facilitate VAT registration, deregistration, accounting, return filing, advisory services, and other associated tasks. The advent of VAT in the UAE has significantly altered the Emirate’s taxation system. Obtaining the appropriate VAT services in Sharjah and the UAE enables businesses to avoid the danger of making needless tax payments, maintain accurate VAT records, and track up-to-date information regarding VAT filing.
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