Benefits That You Derive Once You Are VAT Registered

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Benefits That You Derive Once You Are VAT
Registered
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What Is VAT?

• VAT is short of Value Added Tax. It is the tax
  that is also known as consumption tax that is
  imposed on each stage in the supply chain. And in
  each stage, a tax amount is added beginning from
  the production of the item to the time when it is
  sold. 
• So in reality VAT is the amount of tax paid by
  the user which is based on the cost of the
  product deducted by the cost of the material that
  has already been paid in the preceding stage. If
  you have any difficulty in understanding and
  getting it done, then you can take the help
  of accountants in Dubai.

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Types Of VAT Registration

• VAT registration in the UAE is of two types. One
  is the voluntary VAT registration and the other
  is the mandatory VAT registration. In the
  voluntary VAT registration system if your earning
  is in the range of AED 187,500 375,000 then you
  are not liable to register for the VAT services.
  But if it exceeds AED 375,000 then you will have
  to compulsorily register to avail of the benefits
  of the system. You can do VAT registration in
  Dubai accordingly.

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Why Should You Be VAT Registered?

• If you are registered for the VAT services it
  means that you have the acknowledgement of the
  government of that country to continue doing
  business in keeping with the protocols of the
  land. You are permitted by the government to
  collect the VAT from customers and deposit the
  same with the government. You can file for VAT
  returns and claim the input. This is done
  professionally with VAT registration services in
  Dubai.

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Benefit 1

•  
• Every business owner does not see eye-to-eye with
  the government on the registration of VAT for
  their business but they will definitely benefit
  from it if they can understand the logical flow
  of things.
• Once you are registered for VAT you are eligible
  to reclaim the VAT on all the goods and services
  that you purchased. Here your input is the tax
  that you pay to the government while output is
  the tax that you charge from the user of the
  goods and services. Get in touch with
  professional accounting services in Dubai for
  accuracy.

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Benefit 2

•  
• When you charge for the goods and services that
  you provide to your customers, investors see that
  a lot of money is being transacted in the
  business. This portrays you in a positive light.
  Every investor would of course like to see big
  amounts being involved before they can actually
  invest in your business.

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Benefit 3

•  
•  
• Nowadays, as this is the system in almost every
  country, lenders, buyers, suppliers, clients and
  investors are only interested in working with
  such VAT registered companies. So you will
  definitely benefit from VAT registration. You
  also look more professional to others and, people
  will tend to believe in your authenticity. It
  will help you to only increase your business
  because of its legitimacy.

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Thank You
Accountant Dubai
https//www.accountantdubai.ae/