VAT Consultancy Dubai

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We are a team of Professional Accountants & Consultants, providing Accounting & TAX Consultation for business in the GCC. We are happy to assist you with a free initial consultation, please feel free to contact us on 055 9744312
vat consultancy services

VAT Consultants in UAE

Resources MenaTax Consultancy is a team of Qualified Accountants, who specialise in providing VAT and Tax Consultancy Services in the GCC. We support our clients in VAT Registration and provide VAT compliant Accounting, ensuring that your VAT reporting and VAT auditing is taken care of.

Also, we provide assistance in complying with the Economic Substance Regulations and Transfer Pricing for Multi-National Entities.

Our Services:

  • VAT Registration with Federal Tax Authority
  • VAT Computation & Submission of VAT Returns
  • Implementation of Accounting systems in compliance with VAT Regulations
  • Accounting and Bookkeeping services in Dubai in compliance with VAT regulations
  • Assist Multi-National Entities in complying with Economic Substance Regulations (ESR) and Transfer Pricing.
  • Preparation of Financial Reports and Other reports required by FTA
  • Preparation of Budget & Forecasts
  • Cash flow preparation.
  • Internal & External Audits

How to register for VAT

If the taxable turnover of your business exceeds AED 375,000, It should be registered for VAT. The certified VAT consultants of Resources Mena Tax Consultancy can handle the VAT Registration Process of your business.

VAT Registration UAE Eligibility

If the taxable turnover of the business for the last 12 months is between AED 187500 and AED 375000/-, then the VAT Registration for such business is optional, they can register for the VAT voluntarily if they wish to get VAT registered. whereas it is mandatory for businesses with a turnover of more than AED 375,000 in the last 12 months to register for VAT within 20 days of reaching this turnover. Delay in submitting the VAT registration request will attract a penalty from the authorities.

How can I get a VAT Certificate in UAE

In order to get the VAT Certificate, the eligible companies may apply for the VAT registration with the authorities, the authorities will issue the VAT certificate once the application is approved by them. You may contact the certified VAT consultants of Resources Mena Tax Consultancy for further assistance.

What are the benefits of Registering for VAT

VAT Registered companies may claim back their input VAT (VAT paid to their suppliers) by submitting the VAT returns. This will reduce the cost of business by saving the input VAT. You may contact the certified VAT consultants of Resources Mena Tax Consultancy for further assistance.

How do I file my VAT return in UAE?

VAT registered businesses can file their VAT return through the FTA official portal, the VAT returns must be prepared as per the VAT law and regulations. Incorrect submission of VAT returns will attract penalties and fines from the authorities. You may contact the certified VAT consultants of Resources Mena Tax Consultancy for further assistance.

Why does your company need a VAT consultant?

. Precision
VAT experts have in-depth knowledge of the VAT regulations and law, they take an extra effort to ensure the accuracy of the VAT computation and make sure that the transactions are recorded in compliance with VAT regulations..

. Time-Saving
The professional accounting team saves your valuable time, the management may focus on other aspects of your business.

. Reduce risk factor
As VAT consultants have proven experience in handling all types of risks in a company, they can help you in reducing all possible risks related to VAT.

Make sure your business is VAT ready with Resourcesmena, a leading accounting & tax consultancy firm in Dubai. We offer services such as VAT Registration, VAT Computation, VAT return filing, VAT auditing, VAT Advisory services etc in Dubai, UAE

Is VAT Consultancy Service Required for your Business?

The UAE government introduced VAT (Value Added Tax), a new form of tax in January 2018 with a standard VAT rate of 5%. There is a group of goods and services that are exempted from the scope of VAT.

VAT is an additional source of income for the UAE, it widens the economic scope of the country considerably. The VAT is imposed on the use of goods and services at each point of sale.

Many companies find it difficult in complying with VAT regulations, most of the companies don’t have an in-house VAT expert who can do the VAT return submission accurately. Timely and accurate VAT return submission is important as there will be heavy penalties by the Federal Tax Authority if they find errors in the VAT reports. Value-added tax consultants in Dubai offer comprehensive Tax Services for VAT Registered Businesses in UAE.

Responsibilities of a VAT Registered Business

Collect VAT on all taxable goods and services they supply
– They may claim the input VAT they have paid to their suppliers, subject to VAT regulations
– Issue FTA compliant tax invoices for all the taxable supplies
– Maintain accurate business records and allow access to Federal Tax Authorities when requested
– Prepare the VAT returns as per FTA regulations
– Submit the VAT returns on or before the due dates, penalty and late payment charges will be applicable if VAT returns are not submitted and paid within the due dates

Do I need to submit VAT returns?

If you are a VAT registered business, then you are required to file the VAT returns on or before the due dates. Failure to submit the VAT returns before the due date will attract a penalty from Federal Tax Authority.

Is there a corporate tax in UAE?

Ministry of Finance of UAE introduced the corporate tax in UAE. It would become applicable from 1st July 2023 onwards. By introducing this, the UAE government plans to accelerate its development journey.

VAT Consultancy Services UAE

VAT Compliant Accounting:
The Professional Certified VAT accountants at Resource Mena VAT Consultancy are experienced in performing the accounting activities in compliance with VAT regulations, we ensure your business submits accurate VAT returns and pays the right amount of VAT to the Federal Tax Authority. We are committed to offering the best VAT advisory services as per the legal requirements and ensuring that your business is protected from any VAT related issues.

We make your VAT Registration process simple and easy. The process starts with analysing the taxable turnover, identifying the eligibility of the business to get VAT registered & prepare the required documents in compliance with VAT Regulations. We ensure that the application is submitted with all the requirements and this helps you get the VAT Registration Number & VAT certificate without any delay.

Implementation of VAT compliant Accounting Systems:
Our VAT Consultants in Dubai adopt successful implementation of VAT complaint Accounting System and Process for your business institution. The process includes the evaluation of current systems, identifying the weakness (if any) of the current system, understanding the business needs & then recommending the most suitable Accounting Systems and Procedures. After selecting the right systems, we take care of the implementation and also monitor whether the systems is working efficiently as per the implementation plan.

All VAT registered business entities are required to submit the VAT return at the end of each tax period to the Federal Tax Authority in UAE. We offer VAT return filing services to all eligible businesses in UAE

We offer a helping hand for clients who are facing challenges with VAT related issues. We study the issues, evaluate the risk involved and provide solutions to minimize the financial damages that are in compliance with the law. We make sure that our clients get the maximum advantage provided by the law.

We do VAT Impact Assessment to find potential risk areas of VAT & potential opportunities for VAT savings

You may contact the certified VAT consultants of Resources Mena Tax Consultancy for further assistance. Toll-Free 8005221 or email us on info@resourcesmena.com

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