The rules and regulations governing tax, excise and VAT are ever-evolving in the UAE. There are many new rules that have been introduced, making it imperative for businesses to take note and care in their filing and registration procedures. For example, the UAE introduced VAT in 2018 and levies excise tax on goods that affect human health in a negative manner.
Given that the UAE is a tax-friendly nation for many businesses and expats, there are also strict rules in place to deal with tax evasion and avoidance. It is not always easy to stay on top of this ever-changing tax landscape. Munshi Atik Chartered Accountants (formerly Enterprise House Chartered Accountants) offers many support services that will help you deal with tax planning and all your taxation issues and requirements so that you can focus on your business.