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VAT Concept

The UAE government implemented Value Added Tax (VAT) on January 1, 2018. VAT is an indirect tax imposed on the consumption of goods and services.

                           VAT Details

A company that is registered for VAT charges output VAT to their clients for the services and goods they provide. They can recover input VAT on purchases and expenses related to taxable outputs. VAT is collected by businesses at every level of the supply chain on behalf of the government. The concept of VAT in the UAE aligns with local services and consumption, with some exceptions for essential medicines and zero-rated supplies of goods and services.

Input tax refers to the VAT that a business entity pays to suppliers for machinery, goods, and costs related to their business. Output tax, on the other hand, is the VAT that a registered company in the UAE charges on their services and goods.

                VAT Registration process

The registration of VAT in the UAE requires a thorough process that all reputable VAT advisory services providers follow. This process includes

• We Prepare the provision of necessary registration documents, such as proof of business, trade license, signatory papers, and banking details.
• We will prepare the required documents for the application of business authorization, which includes a description of the business activities.
• We will also assist in filing the income from the last 12 months
• We have financial experts to calculate the export and import value.
• We will help manage the planning required to effectively deal with customers and officials.

       Best TAX Consultation in Dubai, UAE

Our team of experienced professionals specializes in providing corporate tax and VAT assistance to companies. Our top-notch VAT consultancy services encompass all necessary aspects for VAT compliance. Our team of highly skilled VAT consultants carefully evaluate our client’s needs and objectives to deliver effective solutions.

• VAT advisory: Our team delivers exceptional advisory services tailored to industry requirements. As your trusted VAT consultant, we offer expert advice to help you navigate tax implications and transaction impacts on your business.
• VAT return filing service: We assist companies in filing VAT Return Form 201, ensuring compliance with all relevant laws and regulations governing input and output VAT reconciliation.
• Our team conducts thorough reviews of previously submitted VAT returns to rectify any errors.

Additionally, we offer VAT training to enhance employee’s understanding and implementation of VAT regulations. Since the inception of VAT regulations in the UAE, we have been providing expert guidance on VAT registration. It is imperative for businesses to seek professional advice to ensure adherence to correct tax procedures and VAT compliance.