VAT Services in UAE
VAT compliance in UAE pauses challenges before many businesses as they have limited resources to carry out their day-to-day work and comply with regulatory requirements. Further, they lack the knowledge of VAT Laws to fulfill the statutory requirements. Our VAT Consultants provide VAT Services in UAE to let businesses have complete peace of mind as far as VAT compliance is concerned. We are a registered Tax Agent with the Federal Tax Authority (FTA) in UAE.
VAT Services VAT Registration VAT Consultancy
TAX Agent Service
VAT Deregistration
VAT Services
VAT Compliant Bookkeeping
VAT Returns Filling
VAT Audit
Voluntary Disclosure
VAT Implementation
VAT Registration Advice on the information that needs to be provided to the FTA
Translating documents relevant to the Tax registration process
Advice on the start date which should apply to the VAT registration
Preparation and submission of
Liaison with FTA until the
relevant application
Tax registration number
forms
(TRN) is issued.
VAT De-registration Identifying the right reason for VAT de-registration and filling up the form Deciding the effective date of de-registration Advice on the information that needs to be provided to the FTA for VAT de-registration Liaison with the FTA until the TAX de-registration application is approved.
VAT-compliant Bookkeeping We undertake bookkeeping and accounting assignments and ensure that you remain VAT compliant. Our accounting professionals update your books of accounts on time, and our VAT Consultants ensure that invoices and credit notes
comply with formats suggested by the Federal Tax Authority (FTA). They also ensure that the correct amount of VAT is charged and claimed as the input tax credit to avoid penalties as per the VAT Laws of UAE.
Vat Returns Filing As per UAE VAT Laws, a taxable person is required to file a monthly or quarterly Tax Return. To file Tax Return, one has to be ready with calculations, including standard-rated supplies, zero-rated suppliers, exempt supplies, reverse charge transactions, and imports. Our VAT Services in UAE includes verification of VAT transactions to make sure the output tax has been correctly charged, and input tax has been rightly claimed.
VAT Implementation Phase 1: VAT Impact Assessment & Awareness Training
A complete review and mapping of the ‘as is’ position Identification of VAT touchpoints and risk assessment Designing a VAT implementation roadmap Assessment of system capabilities
Phase 2: VAT Implementation, Training & Transition Support
Planning and designing process,
Identifying additional software needs
accounting and IT requirements
Implementing system and process changes
Testing and dry-run
Running training programs
Communicating with clients and suppliers
Phase 3: Post Implementation Support
Assistance for VAT
Review of the first
On-going VAT
return submission
tax return and
compliance
system outputs
Systems support
Voluntary Disclosure Filing Preparation of draft letter to be submitted along with voluntary disclosure application
Submission of the voluntary disclosure on the FTA portal
Assistance in providing Review of the facts of the case, underlying circumstances and
documents
replies to the queries raised by the FTA
concerning the voluntary disclosure application
Care to be taken while filing a Tax return Fill up information for all mandatory fields
Do not leave the amount fields empty. Enter ‘0’ if there’s nothing to declare.
Make sure to enter all the amounts in United Arab
Double-check the accuracy and completeness of
Emirates Dirham (AED) up to two decimal places
the information provided to avoid fines and penalties
VAT Audit
Verification of correctness of the tax return
Verification of output tax paid on local sales along with classification and reporting of sales emirate wise
Verification of reporting of Import of goods and Import of services transactions
Review of Adjustments to goods imported into the UAE if any
VAT Audit
Verification of Zero-rated supplies and exempt supplies
Verification of input tax credit claimed on purchases and expenses
Verification of books of account and other related records and registers maintained for correctness and completeness of the returns
Based on the verification of above, we advise for submission of Voluntary disclosure if required
Tax Agent Services
Implementing VAT
Answering day-today queries on VAT
Maintaining records as per the UAE VAT Laws
Bookkeeping and Accounting as per the UAE VAT Laws
Tax Agent Services
Complying with the UAE VAT Laws
Filing VAT Returns
Representing our clients before the FTA
VAT Services in UAE : FAQs Is the VAT return filing and payment date the same? Yes, the due date for VAT return submission and VAT payment is the
same. It is the 28th day after the tax period.
Can a non-registered business claim the input tax credit? As per UAE VAT Laws, only a tax-registered business can claim the input tax credit.
VAT Consultants in UAE N R Doshi & Partners provides VAT Services in UAE to help companies meet compliance requirements. Our consultants provide auditing, accounting, advisory, and Tax consulting services. Complying with VAT regulations is important from a business’s point of view as it builds a positive image and reputation of the company. UAE VAT Laws provide for penalties for lapses on the part of a business to fulfill VAT related obligations. Contact us today and keep your compliance worries at bay. We are registered Tax Agents with the FTA, and we can help you in all aspects concerning VAT in Dubai. Our VAT Consultants work closely with clients to fully understand their VAT related concerns and needs. We maintain a client-centric approach and transparency to provide VAT Services in Dubai in a timely and straightforward manner.
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