VAT Compliance in UAE

Ever since the introduction of Value Added Tax(VAT), many businesses have been failing to keep track of VAT compliance in UAE, which is quite distressing and subject to penalization. This may be probably because of the lack of proper knowledge of the VAT requirements within companies that they have to face the consequences of non-compliance imposed by the Federal Tax Authority(FTA), the regulatory body responsible for overseeing VAT Compliance in the United Arab Emirates. Consulting with Shuraa Tax consultants would be the most sensible solution to avoid VAT non-compliance situations in UAE.
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