Automated VAT Filing in Dubai

In January 2018 the UAE implemented the Value Added Tax (VAT) on the consumption of most goods and services in Dubai.  Here’s what you need to know about automating your VAT filing in Dubai . Does My Business Need to Pay VAT? Part of an overarching attempt to reduce reliance on oil-generated income, VAT is a transaction-based tax applied to most goods and services.  Levied at multiple steps in the supply chain, VAT is ultimately paid by the consumer but is collected by businesses.  (Guidance on zero-rated and exempt supplies can be found here.) Why Automate VAT Filing Calculating and reporting VAT can be complicated.  Businesses must first register for VAT, then track and collect VAT on goods and services they supply, while paying it on goods and services they consume.  At the conclusion of each tax period, businesses are required to report and pay their tax liability–the amount of VAT they owe to the government minus any credits for VAT pa...