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VAT Consultancy In UAE
The Federal Tax Authority (FTA) is the UAE’s regulatory body responsible for all tax-related activities, including tax collection and management. The FTA issues vital notifications, legislative updates, and guidelines to help organizations stay compliant.
On January 1st, 2018, the UAE introduced Value Added Tax (VAT), an indirect tax on goods and services consumption. Since its implementation, AH Tax Consultancy has provided expert assistance with VAT registration. Seeking professional VAT consultation is essential for businesses to follow correct procedures and ensure full compliance.
How Does VAT Function?
A VAT-registered company charges output VAT on the goods and services it provides and can recover input VAT on related purchases and expenses.
VAT is applied at every stage of the supply chain and is collected by businesses on behalf of the government. The UAE’s VAT framework aligns with local consumption, with certain exceptions for essential medicines, basic food items, and zero-rated supplies.
Input tax refers to the VAT a business pays on machinery, goods, and expenses. Output tax is the VAT a registered company charges on its goods and services. At AH Tax Consultancy, we assist businesses with all aspects of VAT compliance and offer expert consultation to ensure proper adherence to regulations.
Best VAT Consultation In Dubai, UAE
At AH Tax Consultancy, our experienced team provides comprehensive assistance in both corporate tax and VAT matters. Our premier VAT consultancy services address all aspects necessary for VAT compliance, with highly qualified consultants dedicated to understanding and meeting the unique needs of each client.
VAT Advisory: Our experts deliver tailored advisory services, offering strategic guidance on VAT matters relevant to your industry. As your VAT consultant, we provide insightful advice on the taxability of transactions and their impact on your business.
VAT Return Filing Services: We assist companies with the accurate filing of VAT Return Form 201. Our team ensures all information complies with current laws and regulations, including the reconciliation of input VAT and output VAT. We also review previously submitted VAT returns to correct any errors and offer VAT training to employees to enhance understanding and implementation.
VAT Registration: We manage the tax registration process to ensure entities comply with tax laws and avoid non-compliance issues.
If your business has not yet explored the benefits of VAT compliance, it is essential to address these requirements to optimize your VAT processes.
FAQ's
As the government of UAE has introduced a new tax Value Added Tax (VAT) which has a 5 percent rate on goods and services. The services vary on the type of business, and the duties include compliance with VAT reducing VAT liability by making the right decision, and reducing the possibilities.
VAT consultancy can help your deal with your VAT liabilities and keep the VAT liabilities transparent. You can get assistance in handling VAT in a better way and reduce the risk of errors in your business finances.
First of all, the business needs to have VAT registration done and to determine the taxable value of imports and goods. VAT consultants maintain an accurate book of accounting and company records. VAT consultancy checks the VAT submissions and requirements to ensure VAT compliance with UAE federal rules.
VAT consultancy can help you reduce your VAT liabilities by providing the best solutions for your business. It also helps you to save money on discrepancies in VAT filing and avoid any kind of loss of money.
Yes, consultancy can provide you with the best VAT implementation advice. VAT consultancy can help you to reduce your VAT-related risks and provide you with the best services according to your business.
VAT consultancy stays updated with all the new policies, regulations, and laws. VAT consultancies usually have trained teams that always go through the new and updated laws in UAE.
