Taxes are your friends. But these are the friends who are your secret admirers as well. Let us explain with an example. You pay taxes to the govt for your own good. When you pay taxes, the govt puts them in making the police, army, military etc. more powerful so that the country’s boarders are secure. The govt puts in the education (in govt schools), so that you and your generation to come can have the best education and same is with the hospitals, roads, subways, local commute and much more. That is why getting VAT registration in UAE is important.
People don’t go for becoming a tax filer and that is because VAT filing in UAE is very difficult; the process is very difficult. Even though there are so many helping articles and blogs about how to become a filer but still people find it difficult. And it becomes a tougher job for the businesses as they have to submit a lot of papers to give legal evidence of their proprietorship. But you will be surprised to know that there are actual ways of avoiding taxes and here, we have mentioned some tips about how to avoid taxes legally.
- The first and the most sensible thing to do is hire a PRO. PRO stands for public representative officer. This is the person who is a medium between the local public and the govt. The pro will always know a way to avoid taxes as he or she knows all the laws and tricks linked with it.
- If you want to avoid taxes and start a business then we suggest that you start a home-based business. The example is very common. You must have seen small kids selling lemonades on their lawn and people buy from them. there are no taxes from starting a business at home.
- If you want to do a job and a well-paying job and avoid taxes then you can start an online business or become a freelancer. Up till now, the freelancers don’t have to deal with taxes.
- If you want save taxes on electricity, then you can use solar energy. It will be one-time investment and then you will be saving taxes and money from bills for at least 5 to 6 years straight.