The Dubai Water Canal as seen at night. Photo credit: Ben Mack
Etisalat has announced it has teamed up with Skylines Tax Consultancy to offer free Value Added Tax (VAT) filing services exclusively for its Small and Medium Business (SMB) customers.
The move keeps in line with UAE government’s new VAT legislation, which introduced a 5 percent VAT this year. Under the new law, a VAT return has to be filed by registered taxpayers at the end of the tax period.
Esam Mahmoud, senior vice president for SMBs at Etisalat, said: “Small and medium businesses are important contributors to the UAE’s economy today, and we at Etisalat work closely with SMBs and start-ups by enabling them with the right tools and services all under one roof (‘Hello Business Hub’). Etisalat and Skyline Tax Consultancy will work actively together with SMBs to ensure proper VAT compliance and adoption.”
In addition to VAT filing, SMB customers will also enjoy other free services: archiving of documents for five years, cloud-based financial accounting software, filing of VAT return, cash flow management, balance sheet, profit and loss, access to a VAT help desk, bank reconciliation, import/export activities, VAT registration, and four free accountant’s visits per month at customer premises.
Etisalat’s Hello Business Hub, which opened in February this year, caters to the needs of SMBs by offering comprehensive integrated propositions, ranging from company setup to company registration, banking to insurance, office leasing to furniture, combined with the latest telecom products and services from Etisalat and more.
Etisalat currently serves more than 300,000 SMB customers in the UAE.