Value Added Tax (VAT) is a consumption tax applied to goods and services. In the UAE, businesses must register for VAT if their taxable turnover exceeds the threshold of AED 375,000. For businesses with a turnover below this threshold but above AED 187,500, voluntary VAT registration is available.
Accounting involves recording a company's financial transactions and preparing periodic balance sheets to examine accounts. It is essential for businesses that need to share profits among shareholders.
Easify - Businessmen Services LLC offers cost-efficient accounting and VAT services to our clients. Our fees are affordable compared to hiring a full-time accountant. Our team of professionally qualified accountants possesses extensive knowledge in the field and is dedicated to providing solutions to your queries.