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3 Points You Must Consider During VAT Payment

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peter max
3 Points You Must Consider During VAT Payment
  1. Pay VAT on time

Ensure the payment of VAT is done on time. FTA might charge a heavy amount of penalty and this will also increase the chances of legal actions. It is always a better choice to hire an accountant in Dubai who can manage the VAT properly.

  1. Charge the appropriate VAT amount

Multiple types of taxes are available. Ensure you apply for the right amount. There have been numerous cases where people have made the payments for different profit margins. In such cases, if you pay more money there is hardly any chance to get the money back. Accountants in Dubai can help to ensure the payment is made for the right tax slab.

  1. Don't make unnecessary claims

Don’t make any unnecessary claims for the taxes. Calming unnecessary charges will only lead to penalties in long term. A VAT consultant can help you with the right information. They can guide you on which one you should claim and which you should not.

If you are in need of VAT consultants in Dubai you have landed up in the right space. Prime Services Dubai is one of the trusted accountants in Dubai who have handled multiple clients over time. Our experience with the different domains of business has helped us to understand the need of businesses and take action accordingly.

So, next time if you are looking for a vat consultancy in Dubai, we at Prime Services Dubai are here to help you.   

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What is VAT Return? The VAT (Value Added Tax) return is the summary of all the purchases and supplies (goods or services) made by VAT-registered businesses/taxable individuals for a particular tax period. Want a seamless VAT return filing in Dubai? Now, click on the ‘VAT 201 – New VAT Return’ to start the procedure. Through the above-mentioned process, you/your expert tax consultant can carry out the VAT filing in UAE.
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