KGRN Group gives experienced chartered accountants as their VAT consultants in UAE. VAT Experts have pertinent industry explicit involvement with tax collection agreeing to global guidelines.
Artists and Influencers – get the best VAT consultants in UAEAs social media platforms are gaining more attention these days, there has been a significant increase in the professionals who recognize themselves as artists or influencers.
With far reaching attention, the social media influencers have taken branding into storm in the platforms like Facebook, Instagram, Tik Tok, Twitter, YouTube, and LinkedIn.
Social media influencers in UAE have been making fame and profit by extending b endorsing brands among millions of followers.
Social media influencers in Dubai have been overlooking their VAT obligations until new guidelines were issued by the Federal tax authority (FTA).
Considering the evolving promotional activities offered by artists and influencers, FTA recently issued a statement detailing the VAT implications on their services.
As per the FTA rules, calculative VAT rate is applicable on taxable supplies made by the influencers and artists.
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Goods and Services Tax is a consolidated indirect tax policy that encompasses VAT, CST, Service Tax, Central Excise duty, Entertainment Tax, etc and is valid all over India with effect from 1st July 2017We have providing Following Services -1.
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Lack of knowledge, unawareness, and misleading can lead to many complications.
You should know the charges at the initial stage and should move forward by understanding the expenditures.While talking about setting up a business in Dubai, one important thing to consider is the Value Added Tax system in Dubai and in India, you can see the GST.
To help you in the VAT system you have VAT consultant in Dubai and many consultancies to help you in the GST system in India.
In the country's history, UAE has introduced the VAT system for the first time on January 1, 2018 and India introduced Central VAT in 2005 to impose tax on manufacturing activities.
This has become an opportunity for manufacturers to claim back required compensation for the excise tax paid on goods.VAT in IndiaIndia imposes Value Added Tax to the business with more than 5lakhs annual turnover and imposes tax at each stage of the supply chain.
VAT in India is applicable for both local high scale businesses but initially, the tax was only applied to raw materials and eventually, the scope has expanded to every product.
