Our FTA-compliant VAT services in Dubai include VAT Registration, VAT Return Filing, VAT Voluntary Disclosure, VAT De-registration, VAT Training, VAT Audit, VAT Consultancy, and VAT Reconsideration. VAT, also known as Goods and Services Tax (GST), is an indirect tax implemented in the UAE since January 1, 2018.
New VAT Rules
The UAE’s new VAT rules bring complex challenges. Businesses are outsourcing VAT services to comply with FTA regulations and focus on core goals.
Expert VAT Consultants in Dubai, UAE
At Alfa Axis Accounting Services, our team of skilled VAT experts ensures seamless business operations in Dubai. We understand your business needs and assess VAT impacts meticulously. Complying with FTA regulations, our agents manage VAT invoice formats, timely VAT filings, and other crucial operations, supporting your business goals effectively.
VAT Implementation in UAE
Businesses in UAE must register for VAT if taxable supplies and imports exceed the mandatory threshold of AED 375,000, making them liable for tax. Additionally, businesses can opt for voluntary VAT registration if taxable supplies or expenses exceed AED 187,500.
VAT Rates in UAE
VAT rates in the UAE include standard (5%), zero-rated, and exempted (no VAT) categories.
Zero Rated VAT
International transport, exports, precious metals, residential properties, and more.
Exempted VAT
Exempted VAT includes local transport, bare land, residential property, and financial services.
VAT Registration
Alfa Axis Accounting Services provides VAT registration services to ensure that businesses eligible for Tax Registration Number (TRN) acquire it promptly.
Businesses are required to apply for VAT registration if their taxable supplies and imports exceed the mandatory threshold of AED 375,000. Additionally, businesses may opt for voluntary registration if their taxable supplies, imports, or expenses exceed the voluntary threshold of AED 187,500.
VAT Invoicing
After registering your business for VAT, it’s crucial to issue VAT invoices that comply with the format mandated by the FTA in the UAE. Proper preparation of tax invoices is essential to avoid fines and penalties. Every invoice must prominently display your Tax Registration Number (TRN). Customers should not pay VAT if the TRN is not included on the invoice.
VAT Return Filing
Once registered for VAT in UAE, businesses must submit VAT returns and make payments within 28 days after each tax period ends. Failure to file on time or submitting incorrect returns can lead to VAT audits and fines from the Federal Tax Authority (FTA). Alfa Axis Accounting Services in Dubai ensures prompt and accurate VAT return filing services, available monthly or quarterly.
VAT Refund
We provide VAT refund services to assist clients in claiming refunds from the FTA in IJAE. Input VAT refers to tax paid on goods and services purchased by a business, while output VAT is collected on items sold. If your business pays more VAT than it collects, you may be eligible for a VAT refund through our services.
VAT Voluntary Disclosure
We emphasize the importance of the VAT Voluntary Disclosure form issued by the FTA. This form allows taxpayers to notify the FTA about errors or omissions in tax returns or refund applications. It’s crucial to approach the VAT voluntary disclosure process with careful consideration. We recommend seeking advice from a registered tax consultant to evaluate and manage any potential consequences effectively before proceeding with voluntary disclosures.
VAT De-Registration
Alfa Axis Accounting Services facilitates VAT deregistration for businesses under the Federal Tax Authority (FTA). Our streamlined online process ensures that your company can cancel its VAT registration and suspend its Tax Registration Number (TRN) efficiently. We guarantee a smooth deregistration process, minimizing the risk of any VAT fines from the FTA.
VAT Courses
Our VAT training courses in Dubai are designed to empower accountants, tax experts, and professionals throughout the UAE with comprehensive knowledge of VAT mechanisms. Our objective is to ensure your business adheres to the Federal Tax Authority (FTA)’s regulations. Through our training, you’ll gain the expertise needed to effectively and efficiently implement VAT within your organization.
VAT Audit
Our VAT training aims to equip accountants, tax experts, and professionals in the UAE with a thorough understanding of both fundamental and technical aspects of VAT. Our courses in Dubai are designed to ensure compliance with the Federal Tax Authority (FTA) regulations. Through our VAT training, you will gain the expertise needed to implement VAT effectively and efficiently within your organization.
VAT Consultancy
We understand the critical implications of even minor VAT errors, which can lead to substantial fines imposed by the FTA. Our expertise ensures that businesses in LJAE receive reliable VAT consultancy to navigate these complexities effectively. By offering authentic VAT solutions, we aim to guarantee compliance with FTA regulations, safeguarding your business from potential penalties.
VAT Reconsideration
We emphasize the importance of VAT reconsideration, which allows taxable entities in the UAE to appeal decisions made by the FTA. Understanding UAE tax laws is crucial for smooth business operations. If your business receives a penalty from the FTA, you have the right to apply for VAT reconsideration within 20 business days. The FTA will review your case, potentially waiving penalties upon sufficient proof from your business.
FTA-Compliant VAT Services in Dubai, UAE
we offer comprehensive VAT services in Dubai, UAE, ensuring full compliance with the regulations of the Federal Tax Authority (FTA). Our team of experienced tax specialists adeptly manages all complexities related to VAT, providing meticulous attention to detail in every aspect of our services. For reliable VAT solutions tailored to your business needs, contact us today.
