Affordable Vat Services In Dubai

The introduction of Value-Added Tax (VAT) in Dubai, a traditionally Tax-free jurisdiction, draws with it several opportunities and an equal number of challenges. It is among the most complex and demanding tax systems that companies find hard to cope with. A trained professional who can supervise you on the pros and cons of the system and who can act as a mediator between you and the Federal Tax Authority is more than mandatory. They will aid you through the various phases of VAT implementation in UAE and will also aid in achieving tax compliance, carrying out legal activities, managing records and preparing and filing a VAT return. They are trustworthy and ethical, but you need to ensure that you appoint the right one.

The VAT in Dubai, UAE

GCC countries have decided to implement value-added Tax within the entire region through a written agreement inked by all member countries. UAE has already put into practice the VAT laws and rules with effect from January 1, 2018, together with the Kingdom of Saudi Arabia.

Just like any new legislation, there are always challenges that businesses face while readying themselves for Vat Registration in Dubai. The company have an elite team of trained Tax consultants in Dubai, UAE. Ably supported by our international organization, the consulting team will help you to drive your business smoothly via the new tax rules.

Everything you need to know about VAT

Applicability

If your yearly turnover exceeds the mandatory threshold limit of AED 375,000, then you are liable to pay Tax.

The Optional registration threshold limit is AED 187,500/- per year, where, any business person will voluntarily register for VAT and continue with the standard compliance method.

Rates of VAT

• The types of rates applicable are:
• Standard rate
• Businesses that are registered under UAE VAT will be levied 5 per cent tax.
• Zero rate

Zero-rated Industries

• Exports of goods/products and services outside the UAE
• International transportation and related supplies
• Supplies of the particular sea, air and land mean of transport (such as aircraft and ships)
• Specific investment grade precious metals (e.g. gold, silver, of 99% purity)
• Newly created residential properties that are provided for the first time within three years of their construction

The company will guide your Finance and Accounts team and update them with current progress regarding VAT. Moreover; the VAT consultants will assist your organization in developing your internal VAT operations, involving finance management and bookkeeping operations, in tune with the VAT system requirements.

Areas exempted from VAT

• Supply of certain financial services
• Residential properties – sale and lease
• Bare land – sale and lease
• Local passenger transport

VAT Services by Consultants in UAE

The company equipped with a team of thriving VAT specialists who can help your business overcome expected roadblocks such as lack of familiarity with VAT rules & regulations, structure and compliance issues should be consulted. Deficiency of resources (availability of experts and competent staff) and lack of a robust bookkeeping system.