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It has been a few months since the introduction of VAT in the UAE, and businesses are settling well into the VAT regime. Initial apprehensions of compliance and regulation are giving way to confidence in the system. Businesses due to their size and expertise have understood the rules and adapted well. However, freelancers and self-employed individuals are facing some challenges on understanding the steps that need to be taken.
Are you a freelancer looking for information on whether you are liable to register for VAT? Our easy-reference, quick infographic will help you wade through the complexities of regulations, by highlighting the key considerations required by the Federal Tax Authority.
You can download this guide (pdf file) here! Download
Manage VAT Transactions Involving Multiple Currencies with Tally.ERP 9