There are many reasons why paying taxes is important and there are a lot of reasons why VAT registration in Dubai is important. First of all, it is an assurance to the government, and to the taxpayers, that all income earned by a person is accounted for and taxed. Taxes are used to fund public services such as education, infrastructure, health care, and the security state. All of these services are important to the economy, but taxes are the most significant source of public services.
The growth in poor public services and the loss of jobs in this country are troubling. Poor public services include the deterioration of education, and the increased number of uninsured patients. The large number of uninsured patients means that hospitals are understaffed, which leads to longer waiting times for patients. Both of these problems lead to more people needing medical care, and the need for more health care professionals to treat them. Both of these problems lead to less people being able to pay taxes on their income.
A healthy economy is necessary for continued efforts at tax compliance and VAT filing in UAE. A strong and healthy economy ensures that the tax base remains intact and that the necessary public services are available. When there is no tax base, continued efforts at tax compliance are difficult to achieve. A healthy economy will increase tax revenue and reduce spending, both of which are important aspects of a tax-free society.
A person who knows how to properly file his or her income tax returns and knows the importance of paying taxes on income can often save money by not having to pay taxes on income. Self-employed individuals can also save money by not having to pay taxes on their self-employment income.
Individuals who are married can save money by not paying estimated taxes on their joint income. Married couples who have children can use child care if they do not want to pay income tax on their child care.
All citizens and all taxpayers, have the right to live free within the confines of a fair tax system. By ensuring that everyone pays their fair share, the government provides for the accountability of taxation. It also helps maintain a sustainable economy. As long as everyone pays their fair share of taxes, the government will be able to provide public services that benefit all citizens.