VAT stands for Value Added Taxes. VAT is the tax which is collected by the Goverment from the businesses directly or indirectly through othe rbusinesses. Since the implementation of the VAT in the UAE, Accruon Consultants- VAT consultants in Dubai has become the numero-uno provider of the VAT related services here. We are offering 360 degree services like VAT registration, VAT compliant book keeping, VAT return filing, VAT audit and so on. Avail our services and become a VAT compliant reputed business without the headaches of handling any extra burden othe rthan your core business operations.We provide professional VAT Consultancy Services in Dubai, UAE.
Being one of the best VAT consultants in Dubai, UAE,Our experts can walk you through the steps and assist you in VAT Registration in the UAE, registering with the Federal Tax Authority (FTA)
VAT De-Registration for VAT in the UAE is an online process which is accessible in the Federal Tax Authority’s online portal
Accruon Consultants strives to ensure that our clients are constantly in compliance with VAT legislation
Accroun has been working as a business consultant for over a decade, assisting firms with their accounting, taxation, and financial needs
Our professionals will handle VAT Refund if you are eligible for an FTA VAT refund in UAE
Our professionals will handle payments as well, so you won't have to bother with the FTA (if necessary)
Accroun Chartered Accountants’ professionals will learn about your business and give you with a solution
Accroun understands the complexity of business, including accounting, taxation, and VAT services
Accroun Consultants is clearly well positioned to assist clients with any reconsideration application
Value Added Tax (or VAT) is an indirect tax. Occasionally you might also see it referred to as a type of general consumption tax. In a country which has a VAT, it is imposed on most supplies of goods and services that are bought and sold. VAT is charged at each step of the ‘supply chain’. Ultimate consumers generally bear the VAT cost while businesses collect and account for the tax, in a way acting as a tax collector on behalf of the government. A business pays the government the tax that it collects from the customers while it may also receive a refund from the government on tax that it has paid to its suppliers. The net result is that tax receipts to government reflect the ‘value add’ throughout the supply chain.
The UAE Federal and Emirate governments provide citizens and residents with many different public services – including hospitals, roads, public schools, parks, waste control, and police services. These services are paid for from the government budgets. VAT will provide the UAE with a new source of income which will contribute to the continued provision of high quality public services into the future. It will also help government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue.
The standard rate of VAT in the UAE is 5%.
VAT, as a general consumption tax, is applied at 5% to all transactions of goods and services unless specifically exempt in Article 46 of the Federal Decree-Law No. (8) of 2017 on Value Added Tax or subject to a rate of 0% as per Article 45 of the Federal Decree-Law.
Yes. A natural person and legal person is required to register for VAT if he taxable supplies exceed mandatory threshold of AED 375,000/- over a period of 12 months or expected to exceed in next 30 days.
Mandatory Registration | If Taxable turnover Exceeds AED 375,000/- in the last 12 months or you are expecting it in next 30 days | Business must be registered within 30 day, AED 10,000 penalty for non-compliance. |
Voluntary Registration | If Taxable turnover between AED 187,500 to 375,000. | Can voluntarily apply for VAT registration |
Exemption from registration | If Taxable turnover below AED 187,500 | Not required to apply for VAT registration |
The following categories of supplies will be exempt from VAT:
The supply of some financial services (clarified in VAT legislation)
Residential properties
Bare land
Local passenger transport
Yes, if your zero-rated supplies exceed AED 375,000, you will be required to register for VAT, however you can also claim exception from VAT registration.
Standard rated supplies should be identified by the Emirate in which that supply was made. For businesses with fixed establishments in the UAE, the supply should be reported in the Emirate where the fixed establishment most closely connected to the supply is located. For non-established businesses, the supply should be reported in the Emirate where the supply was received
The following are the list of zero-rated VAT goods and services in UAE
All direct and indirect export of goods and services to outside the UAE.
Healthcare services
Education services
Buildings specifically designed to be used by charities
International transportation services for Passengers and Goods including all other transportation-related services
Exported Telecommunications Services.