VAT Impact and Solutions for SMBs in the UAE
The implementation of Value Added Tax (VAT) in the UAE has had a significant impact on small and medium-sized businesses (SMBs). With the introduction of VAT, SMBs have been required to navigate through various processes such as VAT registration, VAT return filing, bookkeeping, and tax consultation. VAT registration is a crucial step for SMBs to comply with the law. It involves understanding the eligibility criteria and completing the necessary documentation. Failure to register for VAT can resu