The term VAT was first coined by UAE government, back in 2018. VAT stands for Value Added Tax. Its tax ratio is 5%. it really very helpful and playing a vital role in fiscal management at federal extent. Leaving some major impressions on independents, employers and business through over all UAE.

FTA UAE:

FTA stands for Federal Tax Authority. The authority came into being under the federal law of 2016, decree # 13. The administration is responsible for taking, managing and pile up federal tax as well as all VAT fines. On the other hand, the authority is also accountable for generating tax revenues and answerable of registering the tax plans throughout UAE.

FTA UAE is working with MoF to play a significant role towards the betterment of UAE economy.  Their basic purpose is to generate revenue other than oil sources. They are making UAE stable and also guiding to individuals and businessmen regarding tax issues all around United Arab Emirates.

VAT CONSULTANCY

“TAX CONSULTANCY” is an original and most authentic team with a number of highly qualified professionals to serve Dubai’s all Tax/ VAT issue resolving. We offer the top chartered accountant in Dubai, to return you at most confidence regarding VAT. We’re one of the premier companies around middle east. Our highly competent team is always there to serve its best and also want to serve you.

We offer:

  • FREE Vat Consultancy
  • Tax Planning
  • VAT return filing.
  • Tax agent services
  • Accounting and bookkeeping services
  • Management consultancy and solutions.

Expertise:

“VAT CONSULTANCY” is one of the UAE’s renowned tax company which served for more than 1000 satisfied clients. FTA approved and rely on ISO 9001 standard and best attribute. Just because of our dedicated team, we’re providing best accounting outsources assistance to the companies in Dubai and we’re one of the most trusted company to deal with all kind of VAT return filling hassle-free and accurately. Our highly achievers are already expert in TAX Law, advisory, arranging, strategy and conspiring for both, whether they’re single or a company. Our specialists are present to give complete guidance, that how you can decrease TAX return or also provide you solution to save your TAX in reasonable manners according to Law.

VAT CONSULTANCY is basically a firm which is expertise in accounting and finance. Individuals are taking benefit from our experts in tax field. Tax consultancy is managed by professionals with decades of experience and playing a vital role in documentation work around general accounting offices, Law companies, financial related consultancies or banks and insurance policies.

Significance:

“VAT CONSULTANCY” quality professionals are assisting to its clients for past many years and one of the forefront company in UAE regarding VAT. Our chartered accountants focused on clarifying and explaining strategies which are capable for your business needs. You’ll get such benefits after hiring us like:

  • Hassle-free tax return
  • Making strategy of tax liability
  • Up-to-date their clients regarding their tax solutions
  • Implement tax according to Law
  • Clarifying their clients regarding their tax responsibilities.
  • Providing more comfort to their clients in their complicated issues.
  • Preparing all necessary documents itself.
  • Examine and investigate tax legislation on daily basis and whenever required.
  • Functioning with revenue.

When someone files a tax return of his business company, he will spend a lot of efforts and time in this all process and sometime, the case rejected due to some law issues, but no worries! We are here to serve you with the best at best time. we will save your precious time, as well as your money and provides you tension free services.

 

Requirements for VAT Registration

Companies that are earning minimum AED 375,000 a year and it is confirmed by their financial records are required to register for VAT in the UAE.

How to register for VAT in UAE?

Some official documents are needed for VAT registration. The applicant must complete some necessary documents before applying for VAT registration. After VAT registration successfully, a company will get a specific identification number that is useful and needed for all VAT tasks in the UAE.

Documents Required for VAT registration

To register for VAT in UAE, businesses must complete the required documents. The process for VAT registration and fee submission will be done online. Following documents are required for VAT registration in UAE.

There are some required documents to register for VAT in the country.

Following documents are required for VAT:

  • Active Trade License Copy.
  • Passport Copy of owner.
  • Copy of owner’s Emirates ID.
  • Memorandum of Association (MOA) (not necessary for sole establishments).
  • Complete address of the company.
  • Contact details of the concerned person (Mobile Number, E-mail).
  • Bank Details (Account Number, Account Name, Bank Name, Branch Name & IBAN).
  • Income statement for the last 12 months (should be signed & stamped).
  • Are they dealing with any custom department? If yes, then attach the VAT Registration Letter.
  • Name of GCC country if have business there.