Tax Service
Due to the importance of services and tax consultations, we provide all our clients with excellent tax services and consultations in all areas of taxes including value added tax. These services are provided by experts in the field of taxation.
The tax services include assisting the clients of the office in preparing the monthly tax returns for value added tax, as well as representing the clients when conducting the tax examination of the books and accounting records. The management of the office is also keen to inform customers of any new tax legislation or instructions that can be used and avoid any fines or additional taxes due to the lack of knowledge of these legislation or new tax instructions in a timely manner.
Vat &Tax
VAT is an expense that applies on use of all administrations and products. GCC Government has adopted this taxation system from 1st January 2018. It will be implemented almost all goods and services apart from food items, healthcare, and education. In start tax rate is very nominal i.e. five percent. End-user is mostly affected by the implementation of tax however business setups have to make certain changes to the process and procedure to comply with the legal requirements implemented by the government effective from 1st Jan 2018.
All businesses with annual revenue of Dh 375,000 or more are required to submit their VAT registration online applications within 30 days of being required to be registering.
As per the regulatory Authority Federal Tax Authority Registration (FTA), all businesses in UAE must ensure the recording of their financial transactions, In order to avoid penalties
Registration will be mandatory in case revenue limit cross AED 375,000, if turnover is greater than AED 187,500, but didn’t exceeds AED 375,000 then optional or voluntary registration should be done.
VAT Registration
Auditing develop the best VAT solutions for clients and provide sound advice regarding all tax related issues. We take the time to meet with our clients to review their situation, answer questions and make recommendations.
Every day – somewhere in the world – tax regulations, rules, and treaties change. Successful companies consider tax implications before they make business decisions, so they do not pay more than they are legally obligated. This makes tax compliance, consulting, and structuring a crucial element in your strategy, directly impacting your cash flow. Delivering high quality tax services require an in-depth understanding of the law as well as the ability to precisely evaluate the client’s situation and needs. Our experts recognize and take oncoming alterations of the legislation and the tax options into account well in advance, to benefit the client.
We can support you with:
- Tax Due Diligence
- VAT Registration & Initiation
- VAT Structuring / UAE
Tax legislation area in UAE is developing. To maintain an overview of the state of affairs, it is crucial to have a competent partner that would optimize your business in tax matters and support you in the adherence to new laws in UAE. Our experts, with their interdisciplinary knowledge of tax, business and markets, will help address tax issues, to achieve a targeted management of your tax risks