As per the VAT Law w.e.f. 1st January 2018 the UAE came up with all the firms are mandated by some rules and regulations.
At Accruon Consultants and Accountants, we provide companies with exceptional tax work that promise Value Added Tax (VAT Advisory Services), which constitute:
VAT periodical compliances
VAT Health Check Services
The Assistance of VAT Penalty Waiver
VAT return Filing
Double Tax Avoidance Advisory
Tax Residency Certificate (TRC)
VAT Refund Assistance
Clarification And Exemption
VAT Registration/De-Registration and Amendment
Ultimate Beneficiary Owner (UBO) compliance
Economic Substance Regulation (ESR) Compliance
Accruon Consultants , the best VAT Service Providers in Dubai has over the years amassed relevant VAT tax successful history and possesses the excellence to modify your taxing orientation. Our team has a wide number of talented VAT professionals to choose from and each of them are equipped with strategies that can help you traverse the hurdles involved in creating sustainable tax (VAT) environment that is bound to compliance.
What are the possibilities of VAT in the UAE in 2023?
Who needs VAT assistance? This is a valid question. How to know if your company might be in need of VAT professionals to look into your tax environment? – To know this, one needs to check if the gross taxable exports and imports are in line with the mandatory VAT registration threshold of AED 375,000. If your taxing crosses the given limit in the last 12 months or if you think you will exceed it within a month, you may have to register VAT and ensure compliance. This is a task that needs great prospicience.
Here are some Value Added Tax 101:
Keep your VAT documentation intact as it is essential to save the VAT details of at least the last 5 years. It should include the details of all the exports and imports, goods and services, invoices, credits, alternative documents, records of goods and services for which no tax is accounted, documents on goods and services exported by the firm, any alterations marked on tax invoices, and more.
VAT returns should not cross deadlines. If one crosses FTA approved quarterly tax periods, there may be penalties awaiting you in the future for negligence. To avoid these unpleasant circumstances, and proceed things smoothly employ the most trusted VAT consultants in town.
Ifthere are taxes meant to be paid, those who seek to register VAt should get it paid on the tax return filing date to avoid delay.
If you’re looking for VAT consultancy services in Dubai, Abu Dhabi, and UAE – feel free to contact us!
We will assign a dedicated and qualified team to your entity, who will assist you in ensuring statutory compliance and providing necessary management reports.