We will complete all your VAT Management functions for you, so that you and your staff are able to give their attention to other important business issues.
On November 28, 2017, the UAE government approved the Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax (VAT), which will come into force and will be implemented across the United Arab Emirates from January 1, 2018.
Executive Regulations provide detailed information about which services and goods will be exempt, zero-rated or a subject to 5% VAT rate. The Regulations answer all questions regarding who, how and why should register for VAT, who is eligible to deregister, who is exempted and what are the due dates.
We will advise you on the classification of different goods & services. This classification is essential to pay the correct amount of VAT.
We at Oxbow Corportate Services will keep you informed about all the updates in this matter. Our Tax Specialist would be happy to assist you with advice and prepare your company for VAT compliances.