In the bustling business landscape of the United Arab Emirates (UAE), Freezones have emerged as a beacon of opportunity for entrepreneurs and businesses alike. Offering tax incentives and a streamlined business environment, Freezones have attracted companies from around the world. However, a common misconception that persists among Freezone companies is that they are exempt from VAT (Value Added Tax) registration and filing. In this article, we’ll explore why some Freezone companies in the UAE believe they are not liable for VAT, and how Bookkeeping Expert LLC can illuminate the VAT tax laws and requirements.
- Understanding the VAT Misconception
- Bookkeeping Expert LLC: Shattering VAT Myths and Simplifying Compliance
- Promoting Financial Clarity with Bookkeeping Expert LLC
Source: Nawal Tiwari, EA
Latest Posts in "United Arab Emirates"
- Refund Scheme for Business Visitors
- RTC Webinar: UAE e-Invoicing: A Corporate Perspective on the Mandate and Opportunities, 25 September | 4 – 5 PM (Dubai)
- Guide to Using FTA’s Maskan Supplier Portal for VAT Refunds on New Homes
- UAE eInvoicing Guide: Key FAQs for Business Compliance and Transition
- UAE Simplifies VAT Recovery Documentation for Imported Services Under Reverse-Charge Mechanism
