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Monday, 25 December
2017 | ArabMedicare.com | Staff Reporter |
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Mohammed Fathy, General Manager,
Al Dhaheri Jones & Clark |
VAT
registrations continue to grow |
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(Dubai) -
As the
date for the implementation
of value-added-tax (VAT)
draws closer, Al Dhaheri
Jones & Clark (ADJC)
reported a 73 per cent
growth in VAT registrations.
The company has anticipates
further surge in the number
of registrations this month.
"As the deadline for VAT
nears, small and medium
sized (SME) businesses in
the UAE have realized that
it is important to hire the
services of legally
qualified tax agents and
consultants to avoid
violation of the tax law.
This not only helps them
fully meet their tax
obligations, but also makes
them ready for the next
phase of VAT," said Mohammed
Fathy, General Manager of
Dubai-based consultancy, Al
Dhaheri Jones & Clark.
A value-added tax (VAT) at a
five per cent rate is due to
be implemented on goods and
services in the United Arab
Emirates starting from
January 1, 2018. With a team
of seasoned tax specialists,
ADJC is well equipped to
help businesses in the UAE
comply with VAT
requirements.
"At ADJC we are committed to
assist businesses in the UAE
comply with VAT
requirements, and the record
number of businesses
registering with us is a
testament to the commitment
we bring to our work. As an
organization, ADJC focuses
on providing clients with
best-in-class services,
business expertise and
leading edge technology. The
record number of
registrations is certainly
encouraging and we are
confident that the positive
momentum will continue in
the year to come," added
Mohammed Fathy.
"While we have assisted
businesses in the UAE adopt
and comply with VAT
regulations, the willingness
to meet tax obligations by
businesses is also
commendable," concluded
Mohammed Fathy.
Al Dhaheri Jones & Clark is
a consultancy firm and
renders services as
auditors, financial and
accounting experts as well
as advisors and consultants
for specialized financial
services.
Though all GCC countries
agreed last year to
introduce VAT, only the UAE
and Saudi Arabia have said
they will implement the new
tax starting from January.
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