VAT consultancy Services in Dubai
VAT Services in Dubai, UAE
Value Added Tax (VAT) is a tax levied on the value added to products and services during production and distribution. In the United Arab Emirates (UAE), VAT was introduced on January 1, 2018, as part of the country’s effort to diversify its revenue sources. Under the UAE VAT system, businesses that exceed a certain annual revenue threshold must register for VAT and charge VAT on the goods and services they provide. The current standard VAT rate in the UAE is 5%.
VAT is charged at each level of the supply chain, from production to the final consumer. Businesses registered for VAT can claim back the VAT they have paid on their company’s expenses, providing they are incurred during their business. Businesses with an annual taxable supply of over AED 375,000 must register for VAT, while companies with a taxable supply below this threshold may voluntarily choose to register. Our VAT consultancy services in Dubai provide comprehensive guidance and support for businesses.
The Federal Tax Authority (FTA) is responsible for implementing and enforcing VAT in the UAE. The FTA provides guidance and support to businesses on VAT registration, compliance, and reporting. VAT has had a significant impact on the economy of the UAE and has contributed to the country’s revenue. The introduction of VAT has also helped to increase transparency and accountability in the UAE business sector.
Al Qoyod, Simplify your VAT compliance in the UAE with our expert services. Ensure accurate reporting and smooth operations for your business.
FREE CONSULTATION
Types of UAE VAT Services offered by our Best VAT Firm in Dubai, UAE
We offer exceptional offer VAT-related services to businesses. We can assist companies with VAT registration, compliance, and reporting. Some common VAT services provided by us include:
VAT Registration
Assistance with the VAT registration process, including preparation of the necessary documents and submission to the Federal Tax Authority (FTA).
VAT Compliance
Ongoing support with compliance, including preparation and submission of VAT returns, maintenance of proper VAT records, and ensuring compliance with VAT rules and regulations.
VAT Consultancy
Advisory services on VAT-related matters, including understanding VAT obligations, identifying VAT implications on transactions, and minimizing VAT liabilities.
VAT Audits
Internal and external audits to ensure compliance with VAT rules and regulations and to identify any potential VAT risks.
VAT Training
Training programs for businesses and employees to increase understanding of VAT rules and regulations and to improve VAT compliance.
We are a reliable and experienced VAT service provider who will ensure compliance with VAT rules and regulations, minimize VAT liabilities, and avoid penalties and fines.