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VAT Consultant

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  • VAT Consultant in Dubai UAE

The VAT is an expense that applies to use of all services/products. GCC Government has adopted this taxation system starting from 1st January 2018. Its implemented on goods and services with the exception of food items, healthcare, and education. The standard tax rate is very nominal – five percent. End-user are mostly affected by the implementation of tax however businesses have to make certain changes to their processes and procedures to comply with the legal requirements implemented by the government.


All businesses with annual revenue of Dh 375,000 or more are required to submit their VAT registration online applications within 30 days of being required to be registering. As per the regulatory Authority Federal Tax Authority Registration (FTA), all businesses in UAE must ensure the recording of their financial transactions, apart from that VAT registration requirements have done and ledgers are updated in time to avoid penalties.

Registration will be mandatory in case the revenue limit cross AED 375,000, if turnover is greater than AED 187,500, but didn’t exceeds AED 375,000 then optional or voluntary registration should be done.

 

How we can support you:

  • Make sure that the bill for purchasing goods must be incorporated. Also, confirm about the taxable stuff either tax has been appropriately charged means the input tax that should be given by the dealer and particulars specified in the invoices.
  • Assign the price on the retailing value at the instance of transaction or provision of accounts together with reducing the amount of input tax in order to reach the sum that has to be paid.
  • Compute the payment of tax and deposit to Government within due date.
  • Study related to Financial Experiences
  • To legitimize the paid tax, you need to sustain invoices, financial records, VAT returns, proper stock, VAT accounting and further significant proceedings at the moment of purchase.
  • Supply the significant information that is appealed by the Government in filing the VAT return in UAE to the Government authorities within the specific time.
  • VAT Calculation
  • Filing VAT
  • Convey reports on VAT Filing and Processing