VAT & Tax Consultancy Service in Dubai, UAE
Let us help you register for VAT in the UAE and secure corporate tax residency from the Federal Tax Authority.
Expert VAT Consultants In UAE
Our team of VAT consulting experts have an intrinsic understanding of the UAE’s Value Added Tax laws. Let us assess your financial affairs to determine if you are required to register under the mandatory or voluntary system.
Our tax advice experts will assess your purchase order, quotes, invoices, and other financial documents to make sure your business complies with its VAT responsibilities.
Our experts help you obtain individual or corporate tax residency certificates from the Federal Tax Authority.
We guide you through creating an FTA portal account and assist in submitting necessary documents according to FTA guidelines.
Consult with our qualified tax experts for tailored tax planning, ensuring your business achieves optimal tax outcomes while meeting all obligations.
We prepare quarterly VAT reports to assess VAT payable or refundable amounts, facilitating your tax management process.
Our team aids in registering your business for VAT, offering advice on eligibility for exceptions and ensuring you receive a Tax Registration Number (TRN) certificate.
Types of VAT Obligations
With the help of our VAT consultants, you’ll be able to determine which of the following VAT rules applies to your business.
If your company’s taxable sales surpassed AED 375,000 in the past year or are expected to exceed this threshold in the next 30 days, registration is mandatory.
If your company’s taxable sales exceeded AED 187,500 in the past year or are projected to surpass this amount in the next 30 days, registration is optional.
FAQ's About VAT in UAE
After your setup your business in UAE, you have to make sure you are compliant with the VAT laws of UAE.
VAT is now payable on most services and goods in the UAE. You’ll need to charge this tax for most purchases in the country and submit annual VAT returns. This means you need to know about what’s expected of you. And that’s where we come in.
We’ll be there to guide you through the VAT registration process. And once that’s complete, we can help you with everything from financial reporting to regulatory compliance.
But it always pays to understand your legal obligations.
The standard rate of VAT is 5% in the UAE, but there are certain services that have a 0% rate. Those services include:
- Local passenger transport
- Certain financial services
- Residential buildings
- Vacant land
- Local passenger transport
- Exported goods
Tip: Don’t forget that VAT-exempt and 0% VAT are two different things. Reach out to us for clarification. The likes of financial services and vacant land are VAT-exempt, while exported goods have a 0% rate — requiring VAT registration.
If your taxable supplies don’t include any zero-rated or exempt items, you’re obligated to apply a 5% VAT rate — but only when your income reaches 375,000 AED a year. However, it’s essential to note that not every business is obliged to register for VAT.
For businesses mandated to register for VAT, they must meet a minimum threshold. This threshold entails making taxable supplies or imports totaling AED 375,000 or more annually.
Your VAT liability is what you owe after subtracting the Input Tax from the VAT you collected from customers. Input Tax is the VAT you paid when you bought the goods, and you can reclaim this tax.
For instance, if you buy 10 mobile phones and sell 15, both transactions incur 5% VAT. This might seem like double taxation, but businesses can reclaim the VAT they paid on purchases.
After each tax period, send your VAT return to the FTA online. It’s a summary of your taxable supplies and the VAT you should pay. Submit it by the 28th of the following month every quarter. Late filing incurs penalties, starting with AED 1,000 for the first offense and AED 2,000 thereafter.