The Best and Reliable
VAT Consultants in Dubai, UAE
VAT Consultants in Dubai
Are you looking for the best VAT consultants in Dubai? As a leading VAT service provider in the UAE, we provide VAT consultancy services to many firms. It is important for businesses in the United Arab Emirates to understand the impact of VAT on all areas of their operations, and this can be done through a detailed analysis of their activities from input to output. Companies can hire VAT consultants in Dubai to evaluate their financial structure, assess the impact of the VAT, and train their staff.
We are the best VAT consultants in Dubai that serve large corporations, multinational corporations, small and medium-sized businesses, high net worth individuals, family-owned businesses, and start-ups. We provide a wide range of services including corporate advisory, global mobility, accounting, private client and family advisory, tax advisory, outsourcing solutions, and digital transformation. VAT has been introduced in the UAE with an aim to reduce the dependency on the oil revenue and to promote economic sustainability of the country. It’s an indirect tax imposed at every step of the supply chain. We will help your business to be compliant with the VAT structure.
VAT impacts pricing structures and profit margins and must be included in all invoices raised by businesses. By preparing customized pre- and post-VAT scenarios for every business, an analysis is required to ensure that businesses face the least impact. Here are some of the ways our VAT experts can assist you. As one of the best VAT consultants in Dubai will perform checks to determine how the VAT can be incorporated into the client’s business structure.
Companies looking for VAT or transaction advisory in Dubai can seek expert advice from our VAT consultants in Dubai. As part of our services, we assist clients in structuring a blueprint outlining the impact of VAT on their business model, taking into account the various ways it will affect their business. Identifying the resources needed for a smooth transition to the VAT system is a mandatory process for a business. In view of the significant effect that VAT will have on the operations of the companies, the IT systems should be upgraded to record and process the precise handling of tax booking, invoice generation, return filing, among other services in the VAT regulation.
You can trust us as your partners with the successful implementation of VAT practices in your business and be 100% compliant when it comes to VAT implementation in Dubai. Our VAT consultants in Dubai are involved at every step of the process, followed by a post-adoption review, and we continuously update you about any revisions to the laws.
We are a premier cross-border VAT consultancy that serves large companies, multinational corporations, small and medium-sized businesses, high net worth individuals, family-owned businesses and start-ups. Among our services are corporate advisory, global mobility, accounting, private client & family advisory, tax advisory, outsourcing solutions, and digital transformation.
Frequently Asked Questions (FAQ's)
Businesses will be responsible for precisely documenting their revenue, expenses, and VAT charges. Registered firms and traders will charge VAT (also known as output TAX) at the current rate to all of their consumers and will be subject to VAT (also known as Input TAX) on goods / services that they buy from suppliers. The difference in these amounts is either reclaimed or paid to the government.
If a company’s taxable supply and imports surpass the statutory registration threshold of AED 375,000, it must register for VAT. Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the VAT consultancy in Dubai threshold, but exceed the voluntary registration threshold of AED 187,500.
VAT must be paid in addition to the customs charges paid by the goods’ importer and cannot be withheld. Our VAT consultants in Dubai will compute the value that includes the customs duties.
A minimum penalty of 500 AED will be charged, but the penalty should not be more than triple the tax value in question, for any kind of tax violation. If a VAT registrant doesn’t submit a tax return within the specified time, the fine will be AED 1,000 for the first offense and AED 2,000 for repetition within 24 months. As the leading vat consultant in Dubai, we will help you avoid such vat-related fines.
You can pay VAT returns in 3 ways:
- Using an e-Dirham Card or a credit card (Visa & Master card only)
- Via a bank transfer
- Using debit