Microsoft Solutions Partner | CRM & ERP
Dubai | USA| UK | Pakistan | India
Dubai | USA | UK | Pakistan | India

Get to know VAT norms with Dynamics Stream Consultant

The most common consumption tax- VAT is collected by more than 100 countries all over the world. The indirect form of tax is collected incrementally based on the value added at each stage of production or sales process. This kind of tax is applied to most transactions in goods and services. In UAE, VAT is introduced from 1st January 2018 and proposed rate of the VAT is 5%. Though basic food items, healthcare, education are not applicable for Value Added Tax.

Norms to register for value added tax (VAT) consultant in Dubai

Businesses have to make sure that their processes and procedures comply with the legal requirement set up by the Federal Tax Authority of UAE. So arise a question about who is required to register for VAT. According to the VAT guideline, any business or person with revenue AED 375,000 or more is mandatory to register under VAT. And if the revenue turnover is greater than AED 187,500, but didn’t exceed AED 375,000 businesses or person are applicable for voluntary registration. You will get a TRN for validation after you register.

Also, the consumers must be aware of their rights to ask for tax invoices from retailers while purchasing products and services which are liable for the value-added tax. Similarly, all taxable businesses must issue invoices to the customer when providing any supply.

How can we help?

With our experience of providing proactive solutions for ERP software, we support clients to manage their tax obligations. We comply with the VAT norms laid down by the UAE government and help your ERP system to upgrade according to the new tax policies. We help to sort out and fix technical challenges in your existing software in the implementation of the VAT.

Read Our Blogs

Learn about AI-powered experiences across Microsoft
Stay informed about AI capabilities in Windows 11, Bing, Edge, and Copilot for Microsoft 365.

Features of Dynamics 365 Business Central image
Features of Dynamics 365 Business Central

Microsoft Dynamics 365 is a cloud-based business management solution for all types of business.

Microsoft Copilot for Microsoft Dynamics 365

Companies using Copilot have reported that employees assisted by AI have increased productivity, are performing tasks more efficiently and are able to focus on what matters most.

Dynamic 365 Business Central for Trading and Distribution

Microsoft introduced Dynamics 365 Business Central which is an integrated ERP solution to meet the needs of businesses in the ever-changing technological landscapes.

Our consultants make sure that you get the right solution & care