5 tips for making the most of VAT in the UAE

Getting the right VAT exemptions in the UAE can bring in a lot of financial relief for your start-up. But VAT is a complicated procedure and a time-consuming too. So how do you know that you are filing for the right exemptions of VAT? Rather than making mistakes, it is better that you hire a VAT advisory who can make sure that you get to make the best out of the VAT schemes the UAE has to offer.

To reduce the risk of error, we have five tips that you can use for making a wise choice to utilise every exemption of VAT in the UAE.

1. Remember to claim VAT on mile coverage

If your business is a limited company, then you can get coverage for the motor expenses of your business. You can claim back VAT for the fuel element of the claims. All you need to do is find the relevant fuel rate per mile and then multiply it with the number of miles travelled. A VAT fraction of 1/6 is applied to this amount…Read More