VAT Consultancy Services
VAT ConsultancyServices
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VAT Consultancy
In UAE
Value Added Tax (VAT) was introduced by the government of UAE on 1st January 2018. VAT is the indirect tax levied on the consumption of services and goods. Since the regulation of VAT in UAE, we have been providing professional assistance in the registration of VAT. It is important for companies to get VAT consultation from experts to adopt proper tax procedures and Vat compliance.
vat consultancy in dubai
How Does
VAT Function?
A VAT-registered company charge output VAT to their clients on the services and goods provided. They recover input VAT that has been suffered on purchases and expenses which relate to the taxable outputs.
VAT is charged at every level of the chain supply and is collected by businesses on behalf of the government. VAT concept complies with the local services and consumptions in UAE with some exceptions on essential medicines, basic food items, and zero-rated supplies goods and services.
VAT that a business entity pays to suppliers for all business-related machinery, goods, and costs is input tax. Output tax is the VAT that a registered company in the UAE charges on services and goods. We are assisting businesses for corporate tax and are giving consultation as it is going to be implemented in July.
vat consultancy in dubai
vat consultancy in dubai
The VAT Registration Process
In UAE
All the best VAT advisory services providers will go through this process to start the registration of VAT in the UAE.
- Provision of VAT registration documents.
- Receive your proof of business, trade license, signatory papers, and banking details.
- Prepare documents for application for authorization of the business.
- Description of business activities.
- File your income from the last 12 months.
- Financial experts will calculate export and import value.
- Manage the planning to deal with the customers and officials.
Best VAT Consultation In Dubai, UAE
VAT advisory: Our team offers the best advisory services according to the requirements of the industry. As your VAT consultant, we can provide the best VAT advice to guide you on the taxability and the impact of transactions on your business.
VAT return filing service: We help companies for filing the VAT Return Form 201. All the information will be checked according to the Laws and regulations about the reconciliation of input VAT and out VAT. We also review the previously submitted VAT returns to omit the errors. We also provide VAT training for the employees for better understanding and implementation of VAT.
VAT registration: We handle the tax registration to help the entities to ensure proper compliance with tax law and avoid illicit practices of tax.
If your business hasn’t still considered VAT benefits, these requirements are needed to complete:
vat consultancy in dubai
Our team offers the best advisory services according to the requirements of the industry. As your VAT consultant, we can provide the best VAT advice to guide you on the taxability and the impact of transactions on your business.
We help companies for filing the VAT Return Form 201. All the information will be checked according to the Laws and regulations about the reconciliation of input VAT and out VAT. We also review the previously submitted VAT returns to omit the errors. We also provide VAT training for the employees for better understanding and implementation of VAT.
We handle the tax registration to help the entities to ensure proper compliance with tax law and avoid illicit practices of tax.
If your business hasn’t still considered VAT benefits, these requirements are needed to complete:
Provide the impact of VAT tax.
Train your staff to be well prepared and ready for VAT.
Protect assets.
Evaluates risks.
FAQ’s
As the government of UAE has introduced a new tax Value Added Tax (VAT) which has a 5 percent rate on goods and services. The services vary on the type of business, and the duties include compliance with VAT reducing VAT liability by making the right decision, and reducing the possibilities.
VAT consultancy can help your deal with your VAT liabilities and keep the VAT liabilities transparent. You can get assistance in handling VAT in a better way and reduce the risk of errors in your business finances.
First of all, the business needs to have VAT registration done and to determine the taxable value of imports and goods. VAT consultants maintain an accurate book of accounting and company records. VAT consultancy checks the VAT submissions and requirements to ensure VAT compliance with UAE federal rules.
The company will get many benefits such as identified risks and proper solutions to those risks. The services provider will minimize VAT liabilities, file VAT and payments, and recording of accurate data.
VAT consultancy can help you reduce your VAT liabilities by providing the best solutions for your business. It also helps you to save money on discrepancies in VAT filing and avoid any kind of loss of money.
Yes, consultancy can provide you with the best VAT implementation advice. VAT consultancy can help you to reduce your VAT-related risks and provide you with the best services according to your business.
VAT consultancy stays updated with all the new policies, regulations, and laws. VAT consultancies usually have trained teams that always go through the new and updated laws in UAE.
If you want to reach out to our accountants for a meaningful discussion on VAT consultation in UAE, connect with us.
