VAT, or Value Added Tax, is a specific tax imposed on the added value of a product or service at every stage of the supply chain, from the manufacturer to the retailer. Businesses in the United Arab Emirates that meet specific criteria must register for VAT. Ignoring this obligation may lead to potential penalties and fines. Hence, UAE-based businesses must understand and effectively manage their VAT obligations. If you have any inquiries about VAT, VAT Shield is one of the established accounting firms in Dubai that offers exceptional accounting services in UAE. Their collective group of skilled experts is dedicated to offering specialised accounting solutions.
https://vatshield.com/
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