The Federal Tax Authority (FTA) is the government body in charge of handling all tax-related matters, including collection and management. The FTA also provides updates, rules, and guides to help businesses understand tax laws.
The UAE introduced Value Added Tax (VAT) on January 1, 2018. VAT is a tax on goods and services paid by consumers. Since VAT was introduced, we’ve been helping companies with VAT registration. It’s important for businesses to get advice from experts to ensure they follow the correct VAT rules and procedures.
A company registered for VAT adds VAT to the price of the goods and services they sell (output VAT). They can also recover the VAT they’ve paid on business-related purchases and expenses (input VAT).
VAT is charged at each step of the supply chain and collected by businesses on behalf of the government. VAT rules apply to most goods and services in the UAE, with exceptions for things like essential medicines, basic food items, and some zero-rated goods and services.
Input tax is the VAT a business pays on purchases for business use. Output tax is the VAT charged by a company on its sales. We also provide consultation for corporate tax, which will be implemented in July.
To register for VAT in the UAE, the best VAT advisors follow these steps:
We have a skilled team that helps businesses with corporate tax and VAT. Our VAT consultancy services cover everything needed to follow VAT rules.Our expert consultants understand the needs of each client to offer the right solutions.
Our team provides top-quality advice based on industry requirements. As your VAT consultant, we guide you on how VAT affects your business and transactions.
We assist businesses in filing the VAT Return Form 201. All information is checked to ensure it follows the rules, including input and output VAT reconciliation. We also review past VAT returns to correct any mistakes. Additionally, we offer VAT training to help employees understand and apply VAT properly.
We manage the tax registration process to make sure businesses follow tax laws and avoid any illegal tax practices.
VAT consultancy helps businesses comply with the 5% VAT introduced by the UAE government on goods and services. The services depend on the type of business and include making the right decisions to lower VAT liability and reduce potential risks.
VAT consultancy helps manage your VAT responsibilities, keeping everything clear and organized. It helps you handle VAT better and reduces the chance of mistakes in your business finances.
First, VAT consultants help businesses register for VAT and figure out the taxable value of goods and imports. They keep accurate records of accounting and company data. They also check VAT submissions to make sure the business follows UAE federal rules.
A VAT consultancy helps identify risks and provides solutions. It reduces VAT liabilities, manages VAT filing and payments, and keeps accurate records.
VAT consultancy helps lower your VAT liabilities by offering the best solutions for your business. It also helps you avoid mistakes in VAT filing, saving you money by preventing losses.
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