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Businesses will be required to produce statutory declarations on a regular basis once they have been registered for VAT registration Dubai. VAT returns must be filed, which detail all taxable transactions done by the business during that time period. The information needed will have to be filled out correctly. Businesses must record the VAT charged on sales (output VAT) and can claim back the VAT paid (input VAT), depending on their taxable activity. Depending on the type and value of transactions, businesses may be required to pay the VAT surplus to the tax authorities or may be eligible for a refund. Our tax consultants Dubai offer professional help so that you can get the right results from your organization.
