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VAT Services in UAE | VAT Services in Dubai

VAT Services in UAE from N R Doshi and Partners, our VAT Consultants in Dubai help you remain compliant with regulatory requirements of UAE VAT Laws.

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VAT Services in UAE | VAT Services in Dubai

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  1. VAT Services in UAE VAT Services in UAE VAT VAT compliance compliance in in UAE UAE pauses pauses challenges challenges before before many many businesses businesses as as they they have have limited limited resources resources to to carry carry out out their their day day- -to to- -day day work work and and comply comply with with regulatory regulatory requirements requirements. . Further, Further, they they lack lack the the knowledge knowledge of of VAT VAT Laws Laws to to fulfill fulfill the the statutory statutory requirements requirements. . Our Our VAT VAT Consultants Consultants provide provide VAT VAT Services Services in in UAE UAE to to let let businesses businesses have have complete complete peace peace of of mind mind as as far far as as VAT VAT compliance compliance is is concerned concerned. . We We are are a a registered registeredTax TaxAgent Agentwith withthe theFederal FederalTax TaxAuthority Authority(FTA) (FTA)in inUAE UAE. .

  2. VAT Services VAT Services VAT Registration VAT VAT De- registration Consultancy VAT TAX Agent Service VAT Compliant Bookkeeping Services VAT Returns Filling VAT Audit Voluntary Disclosure VAT Implementation

  3. VAT Registration VAT Registration Advice on the information that needs tobe providedtothe FTA Translating documents relevant Advice on the start date to the Tax registration process which should apply to the VAT registration Preparation and submission of Liaison with FTA until the relevant application Tax registration number forms (TRN) is issued.

  4. VAT De VAT De- -registration registration Identifying the right reason for VAT de-registration and filling up the form Deciding the effective date of de-registration Advice on the information that needs to be provided to the FTA for VAT de-registration Liaison with the FTA until the TAX de-registration application is approved.

  5. VAT VAT- -compliant Bookkeeping compliant Bookkeeping We undertake bookkeeping and accounting assignments and ensure that you remain VAT compliant. Our accounting professionals update your books of accounts on time, and our VAT Consultants ensure that invoices and credit notes comply with formats suggested by the Federal Tax Authority (FTA). They also ensure that the correct amount of VAT is charged and claimed as the input tax credit to avoid penalties as per the VAT Laws of UAE.

  6. Vat Returns Filing Vat Returns Filing As per UAE VAT Laws, a taxable person is required to file a monthly or quarterly Tax Return. To file Tax Return, one has to be ready with calculations, including standard-rated supplies, zero-rated suppliers, exempt supplies,reverse charge transactions, and imports. Our VAT Services in UAE includes verification of VAT transactions to make sure the output tax has been correctly charged, and input tax has been rightly claimed.

  7. VAT Implementation VAT Implementation Phase 1: VAT Impact Assessment & Awareness Training A complete review and mapping of the ‘as is’ position Identification of VAT touchpoints and risk assessment Designing a VAT implementation roadmap Assessment of system capabilities

  8. Phase 2: VAT Implementation, Training & Transition Support Phase 2: VAT Implementation, Training & Transition Support Planning and designing process, Identifying additional software needs accounting and IT requirements Implementing system andprocess changes Testing and dry-run Running training programs Communicating with clients and suppliers

  9. Phase 3: Post Implementation Support Phase 3: Post Implementation Support Assistance for VAT Review of the first On-going VAT Systems support return submission tax return and compliance system outputs

  10. Voluntary Disclosure Filing Voluntary Disclosure Filing Preparation of draft letter to be submitted Submission of the voluntary along with voluntary disclosure on the FTA portal disclosure application Assistance in providing replies to the queries Review of the facts of the raised by the FTA case, underlying concerning the circumstances and voluntary disclosure documents application

  11. Care to be taken while filing a Tax return Care to be taken while filing a Tax return Do not leave the amount fields empty. Enter Fillup information for allmandatory fields ‘0’ if there’s nothing todeclare. Make sure to enter all the amounts in United Arab Double-check the accuracy and completeness of Emirates Dirham (AED)up totwo decimal places the information provided to avoid fines and penalties

  12. VAT Audit VAT Audit Verification of correctness of the tax return Verification of output tax paid on local sales along with classification and reporting of sales emirate wise Verification of reporting of Import of goods and Import of services transactions Review of Adjustments to goods imported into the UAE if any

  13. VAT Audit VAT Audit Verification of books of account and other related records and registers maintained for correctness and completeness of the returns Verification of Zero-rated supplies and exempt supplies Verification of input tax credit claimed on purchases and expenses Based on the verification of above, we advise for submission of Voluntary disclosure if required

  14. Tax Agent Services Tax Agent Services Implementing VAT Answering day-to- day queries on VAT Maintaining records as per the UAE VAT Laws Bookkeeping and Accounting as per the UAE VAT Laws

  15. Tax Agent Services Tax Agent Services Representing our clients before the FTA Complying with the UAE VAT Laws Filing VAT Returns

  16. VAT Services in UAE : FAQs VAT Services in UAE : FAQs Is the VAT return filing and payment date the same? Is the VAT return filing and payment date the same? Yes, the due date for VAT return submission and VAT payment is the same. It is the 28thdayafter the tax period. Can a non Can a non- -registered business claim the input tax registered business claim the input tax credit? credit? As per UAE VAT Laws, only a tax-registered business can claim the input tax credit.

  17. VAT Consultants in UAE VAT Consultants in UAE N R Doshi & Partners provides VAT Services in UAE to help companies meet compliance requirements. Our consultants provide auditing, accounting, advisory, and Tax consulting services. Complying with VAT regulations is important from a business’s point of view as it builds a positive image and reputation of the company. UAE VAT Laws provide for penalties for lapses on the part of a business to fulfill VAT related obligations. Contact us Contact us today and keep your compliance worries at bay. We are registered Tax Agents with the FTA, and we can help you in all aspects concerning VAT in Dubai. Our VAT Consultants work closely with clients to fully understand their VAT related concerns and needs. We maintain a client-centric approach and transparency to provide VAT Services in Dubai in a timely and straightforward manner.

  18. THANKS FOR WATCHING!!!

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