Value Added Tax is an indirect tax system that was implemented in the United Arab Emirates on January 1, 2018  pursuant to Federal Decree Law No. 7 of 2017 regarding tax procedures. It is an indirect tax imposed on the import and supply of goods and services at every stage of the supply chain from production to consumption. It is paid by the final consumer, collected by companies registered in the tax system and transferred to the Federal Tax Authority
The law applies to most goods and services, at a rate of 5%, but there are many exceptions and exemptions, and companies registered in the value-added tax system can recover the value-added tax paid on purchases that are used in commercial activities.

Our VAT service includes the following main components:

1. VAT Registration: We help businesses register for VAT with the relevant tax authorities, ensuring compliance with registration requirements and deadlines.
2. VAT Compliance: Our team helps businesses understand their VAT obligations, including preparing and filing VAT returns, complying with VAT filing deadlines, and maintaining proper VAT records.
3. VAT Consulting: We provide expert advice on VAT matters, including VAT treatment of transactions, VAT implications of business operations, and VAT planning strategies to reduce tax liabilities and improve VAT recovery.
4. VAT Audit Support: In the event of a VAT audit or investigation, our team provides support and representation to ensure businesses are prepared and compliant with the requirements of the tax authorities.
5. VAT Training: We provide training sessions and workshops to businesses to teach them about VAT regulations, compliance requirements, and best practices for managing VAT operations effectively.

The law consists of many pieces of legislation and executive decisions issued by the Ministry of Finance and the Federal Tax Authority, and it may be difficult for companies and individuals to keep up with all the changes and updates in the law.
The law requires companies and individuals to comply with a number of requirements, including:
Registration in the value added tax system:
Mandatory if the company's annual turnover in the last 12 months is more than AED 375,000 or is expected to increase in the next 30 days
Optional for companies with annual sales volume between AED 187,500 and AED 375,000
Issuing tax invoices that include all required information, such as:
Tax registration number.
The price of the good or service.
Value added tax amount.
Maintain accurate tax records of all financial transactions for 5 years
Submit periodic tax returns to the Federal Tax Authority at the specified times,
And many more
It can be difficult for businesses and individuals to meet all compliance requirements, and non-compliance can result in significant fines and penalties. That's why our team of experts will help you:
Registration in the value added tax system.
The amount is paid one by one
Prepare accurate tax returns and disclose them on time
Ensure that you benefit from the tax exemptions you qualify for.
We highly recommend contacting a professional tax expert to obtain more information about the law and its impact on your business.

By utilizing our VAT service, businesses can streamline their VAT compliance processes, reduce the risk of non-compliance, and optimize their VAT costs. Our goal is to help businesses navigate the complexities of VAT regulations and achieve maximum tax efficiency while ensuring full compliance with tax laws and legislation. Contact us today to learn more about how your company can benefit from our VAT services.