Vat Consultancy Services

VAT Return Filing VAT Registration VAT Deregistration VAT Training VAT Transaction Advisory| Accounting firm Dubai| Bookkeeping Services in Dubai, UAE | Abu Dhabi – UAE

VAT is considered as a mandated consumption tax on goods and services. Being registered under the VAT law defines that your business is recognized by the government. We assist you in maintaining VAT records and track information regarding VAT payment to avoid unnecessary tax payments. Our team understands the business complexities ranging from accounting, taxation and VAT services, providing the best VAT consultancy services in UAE.

Corporate Tax
VAT Registration
VAT Return Filling
VAT Accounting services
VAT Audit Services
VAT Training

How VAT works,

Supplier

Business

Customer

Input VAT

Output VAT

Due VAT=Output VAT-Input VAT

VAT FAQ

What is Value Added Tax and it is for whom?

Value added tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale .VAT is a form of indirect tax and is levied in more than 180 countries around the world. Value added Tax (VAT)was introduced in the UAE on 1 January 2018. The rat of vat is 5 percent 

How to Register for VAT?

Businesses can register for VAT through the eservices Section

on the FTA website. However they need to create account an account

For more details about VAT registration ,please read Vat registration user guide (pdf)

 

Will VAT cover all products and services?

VAT ,as a general consumption tax, is expected to apply to a majority of transactions in goods and services consumed in the UAE. However, a limited number of assumptions have been granted by the UAE government.

On which businesses does VAT apply?

VAT applies equally to tax-registered businesses managed on the UAE mainland and in the free zones. However, If the UAE Cabinet defines a certain free zone as a’ designated zone’, it must be treated as outside the UAE for tax purposes.

What is the VAT return filling process?

At the end of each tax period, VAT registered businesses or the taxable people must submit a ‘VAT Return’ to Federal Tax Authority(FTA)

A VAT return summarizes the value of the supplies and purchases a taxable person has made during the tax period and shows the taxable person’s VAT liability.

 

When are businesses required to file VAT returns?

Taxable business must file VAT on a regular basis and usually within 28 days of the end of the ‘tax period’ as defined for each type of business. A ‘tax period’ is a specific period of time for which the payable tax shall be calculated and paid. The standard tax period is:

quarterly for business with an annual turnover below AED150 million

monthly for businesses with an annual turnover of AED 150 million or more.