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What is VAT Tax group in UAE, What is VAT Tax group in Dubai

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Posted:
June 25, 2018
Location:
UAE » Dubai  » Sheikh Zayed Road
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What is a VAT Tax Group ?

The governments of many countries allow VAT tax groups. It is also known as group registration. Under this mechanism, more than one company can get VAT registration as a VAT tax group under a single common control. The VAT returns and VAT payments are carried out by the member who acts as a representative of this VAT group. However, all the members of the group are jointly liable for the payments and returns. The group members can make any transaction or supply within the group. There is no need for VAT accounting for these particular supplies.

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