Are you ready to thrive in the VAT landscape of Dubai? Let Accostax services consultants guide you towards added value and rapid growth!
What is VAT in UAE ?
VAT is used in more than 180 countries around the world. All OECD countries except for the US have VAT (or a variation). While it feels exactly the same as a general sales tax to end-consumers, VAT is a more sophisticated tax and overcomes many challenges that affect the general sales tax.
Since the start of the VAT in Dubai on January 1, 2018, VAT experts in ACL Tax Consultants have helped the companies to abide by the VAT laws in the UAE. Our VAT experts assist business owners with effective tax planning that allows them to manage working capital and limit tax outflow. Businesses can be helped by our VAT consultants primarily through VAT consulting services in Dubai and VAT Compliance solutions.
Businesses in the UAE that have an annual turnover of over AED 375,000 are required to register for VAT. Businesses with an annual turnover of between AED 187,500 and AED 375,000 can also register for VAT voluntarily. ACL Tax Consultants, reputed VAT firms in Dubai provide VAT services in Sharjah, Ajman and Abu Dhabi as well and help businesses register for VAT while also providing guidance on the VAT regulations.
Our Services
1. VAT Registration
Register Your Business for VAT and Streamline Your Tax Compliance. Are you a business owner looking to navigate the complexities of Value Added Tax (VAT) registration? Look no further! Our expert team is here to simplify the process for you, ensuring your business remains compliant with all VAT regulations.
How relevant is VAT Registration in UAE?
For enterprises and individuals doing transactions in the UAE, VAT registration is mandatory. Businesses can apply for VAT through the e-services department to obtain UAE VAT registration. Compliance with legal requirements can help prevent penalties and other issues. Our VAT registration services provide assurance that your application will be processed appropriately and in accordance with Federal Tax Authority (FTA) rules. However, if you have any questions regarding the steps involved in registering for VAT tax or need to be aware of the regulations, ACL Tax Consultants are ready to guide you.
Smooth Sail through VAT Registration in Dubai with Accostax!
Navigating VAT registration can be a daunting task, but at Accostax, we've got you covered. Our seasoned professionals specialize in simplifying the process for businesses like yours.
Here's how we assist you:
| Threshold Evaluation | We analyze whether your business surpasses the VAT registration threshold and advise you on the best course of action. |
| Application Assistance | We handle the preparation and submission of all necessary paperwork for VAT registration, ensuring precision and compliance. |
| Expert Support | Our team provides continuous guidance throughout the registration process, addressing your queries and alleviating any concerns you may have. |
| Compliance Assurance | We help you understand your VAT responsibilities, from filing returns to maintaining records, ensuring adherence to VAT regulations. |
2. VAT refund assistance
What is VAT Refund Filing in Dubai, UAE?
A VAT return describing the VAT owed to the FTA for the period of taxation must be filed by each Taxable Person. The Taxable Person may ask for a VAT refund in the UAE after submitting the VAT return or during any subsequent time when they are due a credit if the input tax on a VAT return is more than the output tax.
The FTA will assess the application and notify the Taxable Person of its decision to accept or reject the refund claim within 20 business days of the application being submitted where the Taxable Person submits a claim for a refund of excess refundable tax.
3. VAT return filling
What is VAT Return Filing in UAE?
According to VAT laws in UAE, a taxable person or a Company is responsible to submit their VAT Return by filling a form in the format as prescribed by the Federal Tax Authority (FTA). The procedure for VAT return filing should be initiated within 28 days from the end of each tax period. The VAT file returns are to be submitted on FTA’s official website without any delay. If in any case a company/individual fails to submit their VAT return on time, they would have to pay hefty fines.
How to apply for VAT Return Filing in UAE?
Taxpayers must register on the FED (Federal Tax Authority) site using their Emirates ID in order to access the VAT system and file VAT returns in the United Arab Emirates. An online platform dubbed “e-DIRECT” has also been established to facilitate this process by offering taxpayers facilities for filing VAT returns.
Furthermore, VAT payers have the option of using third-party VAT return filing services, which are offered by a number of businesses. Top tax professionals in the UAE offer effective services for filing VAT returns and aid with producing VAT returns and immediately submitting them to regulatory bodies.
Discover the ultimate solution for VAT return filing in Dubai with ACL Tax Consultants. Our expert team combines cutting-edge technology with extensive knowledge to ensure a seamless and hassle-free process.
4. VAT deregistration services
What is VAT Deregistration in UAE?
When a company needs to terminate its VAT registration with the UAE Federal Tax Authority, it normally completes a VAT de-registration process, also known as cancellation or termination of VAT registration. Only once the termination grounds are legitimate and the prerequisites are met in accordance with the legislation, FTA in UAE accept the deregistration of VAT. If a company’s revenue after registering with the FTA does not reach AED 187,00 in the initial year after registration, or if it stops making taxable supplies, the company may de-register from VAT.
A bussiness may proceed with the voluntary deregistration procwess :
- If 12 months have passed since the tax registration date.
- If the taxable items are no longer supplied by it.
- If, even after providing taxable items, its yearly turnover is less than AED 187,500
- If, the estimated total value of taxable purchase of tax-related costs for the upcoming 30-days period falls under the voluntary registration level.
- If the bussiness is permenently shut down.
A bussiness may proceed with the mandatory deregistration process :
- If the bussiness stops generating AED 375,000 in sales
- If the bussiness provides no taxable goods
Other services
- TRC application assistance
- VAT advisory
- VAT audit support
- VAT dispute resolution
- Tax agency support
- VAT due diligence review
- Preparation and submission of the voluntary disclosures
- Preparation and submission of the VAT clarification requests to the Federal Tax Authorities
- Preparation and submission of the VAT reconsideration requests to the Federal Tax Authorities
Tax Recidency Certificate
Tax residency certificate, also known as Tax domicile certificate, is issued by Federal Tax Authority as per the provisions of avoidance of double taxation agreements (DTAA). The certificate is valid for a year and is issued to individuals as well as companies. Additional certificate applications can also be filed depending on unique requirements.
The UAE’s generous tax climate is one of the many benefits that attract firms to the country. A huge chunk of enterprises that have their headquarters in the UAE are tax-free. Acquiring a tax residency certificate in UAE as part of the Double Taxation Avoidance Agreements (DTAA) guarantees that the same taxpayer is not taxed twice in two different nations.
As Tax residency certificates are unavailable to offshore corporations; hence, they should get a tax exemption certificate.
Objectives of UAE Tax Residency Certificate :
- Proof that the applicant is a resident of the UAE
- To avoid paying taxes in two countries
- Ease the process of cross-border trade and investment flows
- Encourage the development goals of the UAE
- Economic diversification