VAT Experts | Tax Consultants in UAE

The VAT consultants in the UAE are making a significant contribution to the current situation by assisting various businesses in the country getting VAT ready before the commencement of the new taxation system on January 1, 2018; but what most of the people aren't aware of is that how these latest regulations are going to affect the household budgets in the country. Reportedly, the government has tried to keep the burden on the general public to a minimum. However, due to the introduction of VAT in the scene, the general public may have to pay a certain amount of tax on water, food, electricity, and telecom bills. Since most of the VAT Experts services are busy helping various businesses in the country, a good number of countrymen are unaware of such implications. The chairman of Institute of Chartered Accountants of India (ICAI), Dubai Chapter, has stated in a report that he believes the introduction of VAT in these areas can lead to effective utilization