VAT Consultancy Services in Dubai and the UAE
FAB Arabia is an industry-leading accounting and consultancy firm offering the most diverse and complete range of VAT consultancy services in Dubai and the UAE. With our years of expertise to our credit, we are dedicated to assisting organizations acquire comprehensive data relating to the financial effects of VAT over their activities, and the actions that they can take to relieve its effects.
Since the implementation of the VAT in the UAE (Value Added Tax), we have offered professional assistance to companies on the ways in which they can guarantee proper tax adoption and compliance. We also provide return filing solutions to businesses across the United Arab Emirates.
VAT Registration process in the UAE
FAB ARABIA VAT Consultants will assist you with a smooth process to start with VAT registration in the UAE:
- Provide the required documents for VAT registration
- Prepare the files to apply for business authorization like MOA, POA etc..
- Prepare your income from the last 12 months
- Calculate the value of imports and exports
- Handle your planning in order to deal with GCC officials & customers.
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.
Please contact us for a free evaluation for your business and a quote.
Businesses will need to meet certain requirements to fulfil their tax obligations. To fully comply with VAT, businesses will need to consider the VAT impact on their core operations, financial management and book-keeping, technology, and perhaps even their human resource mix (e.g., accountants and tax advisors). It is essential that businesses try to understand the implications of VAT and make every effort to align their business model to government reporting and compliance requirements.