VAT Consultancy Services we offer :
VAT Registration
Regardless of the size of your business—whether it's small, medium, or already established—you must comply with Emirati VAT laws by registering for VAT in the UAE. Registering your business signifies government recognition. VAT registration in UAE for your business entity will be based on the income generated from your business.Accruon Consultant LLC is one of the leading VAT consultants in UAE, providing VAT registration services, in addition to VAT deregistration, VAT accounting, VAT return filing, etc.
VAT De-registration
VAT deregistration holds equal significance to VAT registration in the UAE. The UAE has certain conditions that determine whether an individual or business has to pay VAT (Value Added Tax) or not. Once these criteria are met, registration with the FTA is mandatory. If a registered party, or registrant, no longer meets the VAT requirements, they must initiate deregistration within a specified timeframe to avoid penalties imposed by the authorities.
VAT Compliance Bookkeeping
VAT accounting and bookkeeping encompass maintaining accurate financial records and relevant documentation about value-added tax. This involves detailed reporting on tax calculations, filing VAT returns, and ensuring timely collection and payment of VAT. Companies in the UAE must select leading accounting software capable of generating precise balance sheets, general ledgers, invoices, credit and debit notes, among other financial documents. Additionally, companies need to maintain separate records for VAT collected on purchases and VAT paid.
VAT Return Filing
By understanding the steps involved, maintaining meticulous records, and adhering to deadlines, you can navigate the process successfully and fulfil your VAT obligations. Timely and accurate VAT return filing not only contributes to the UAE's economic framework but also supports the growth and sustainability of your business. If their annual turnover exceeds the mandatory registration threshold, businesses operating in the UAE may be required to register for VAT. It's essential to determine your eligibility and register for VAT if necessary.
VAT Refund Process
In the United Arab Emirates (UAE), Value Added Tax (VAT) refund processes are available for certain categories of individuals and businesses, particularly tourists and foreign business entities. The VAT refund service allows eligible individuals and businesses to reclaim the VAT they have paid on eligible goods and services during their time in the UAE. It's important to note that the VAT refund process in the UAE is subject to specific rules and conditions, and these can change over time. Tourists and businesses interested in claiming VAT refunds should check with the relevant authorities or VAT refund operators to ensure they have the most up-to-date and accurate information regarding eligibility, documentation, and the refund process.
Voluntary Disclosure
Voluntary Disclosure has been made mandatory by the state for the taxpayer to inform the Federal Tax Authority of a discrepant mistake or a rectification in their application for a tax refund, return, or assessment. The chances for the authority to refuse this applied request are very high if the submission lacks sufficiency or a document or two.AccruonConsultant LLC, leading VAT consultants in UAE provides support and VAT consultancy services, to various clients, that are essential to lodging Voluntary Disclosure applications and has resolved issues gaining approval via full application creation, review of documents, and efficient communication with FTA officials. From the document gathering to acceptance, our team of VAT experts will be there to instruct you to take the right step.
VAT Audit
A VAT audit involves a systematic examination of a business's financial records, transactions, and VAT-related activities. The primary objective of a VAT audit is to validate the accuracy of VAT returns, ensure adherence to tax regulations, and identify any potential errors, discrepancies, or fraudulent activities. As professional VAT consultants in UAE, we provide expert VAT audit services to our clients.
VAT Reconsideration Services
In the realm of VAT services in UAE, the process of VAT reconsideration filing plays a pivotal role in rectifying errors, addressing disputes, and ensuring fair treatment for businesses. It provides businesses with a mechanism to challenge decisions made by the Federal Tax Authority (FTA) regarding their VAT assessments, penalties, or other related matters. This process allows businesses to request a review and potential adjustment of these decisions.
Excise Tax-Related Services
The UAE government imposes an indirect tax on commodities deemed hazardous to human health or the environment. The principal objective of implementing an excise tax is to diminish the consumption of specific items, thereby bolstering government revenue for the benefit of the general population. Carbonated beverages, energy drinks, tobacco, and tobacco products, electronic smoking tools and devices, and liquids used in electronic smoking devices and tools come under the category of UAE Excise taxable goods.
Excise Tax-Related Services
Accruon Consultant, one of the leading VAT Consultants in UAE, guarantees a hassle-free VAT process by lowering risk and accounting for all other aspects of VAT services. We provide professional regulatory compliance services in UAE, so avail our services and become a VAT-compliant reputed business without the headaches of handling any extra burden other than your core business operations.