Monday, August 17, 2020

VAT return filing in UAE

 VAT return filing in UAE is a periodic process. As per UAE VAT Law, every VAT registered business shall submit a VAT return to Federal Tax Authority / FTA, summarizing the value of the supplies and purchases made during the tax period and its total VAT liability.


VAT return what it is

VAT return is the document prepared and submitted by the taxable person at regular intervals providing information as to input tax recoverable, output tax due, and any other information that the taxable person is required to provide.


Tax period for VAT filing in UAE

A taxable business is required to file VAT return with FTA regularly within 28 days of the end of the tax period as prescribed for each type of business. A tax period is a specified period for which tax payable shall be calculated and paid. The standard tax period, as per UAE VAT Law, depends on the annual turnover of a business.

  • Businesses with a turnover below AED 150 million shall file a quarterly VAT return
  • Businesses with a turnover exceeding AED 150 million shall file a monthly VAT return

FTA is empowered to assign a different tax period to certain types of businesses. If a taxable person files a late VAT return, then he will be liable to administrative penalties for violations of VAT laws in the UAE.

Tax PeriodDue Date for Filing VAT Return
1st January 2020 to 31st January 202028th February 2020
1st January 2020 to 31st March 202028th April 2020

If the VAT return filing or VAT payment due date happens to fall on a weekend or a national holiday, then the deadline to file VAT return or making a payment becomes the immediately following business day.


VAT return, VAT return filing in UAE

How to file VAT Return in UAE

A taxable person should prepare VAT return well in advance as he is required to file VAT return online in the form named as ‘VAT 201’ on the FTA portal. Currently, there is no facility available on the FTA portal to file tax return offline in XML or xls or xlsx format. The taxable person must fill up the VAT 201 form correctly and provide information as to sales, purchase, input VAT and output VAT, etc. There are seven sections, as mentioned below in the VAT 201 form:

VAT Return Filing Steps

1. Taxable Person details

Information as to Tax Registration Number / TRN of the taxable person and contact information. If a Tax Agent is submitting the tax return on behalf of the taxable person, then the information about Tax Agent Approval Number / TAAN) and Tax Agency Number / TAN along with the Tax Agent name and Tax Agency name gets automatically populated.

2. Value Added Tax return period

Information as to VAT Return Period, VAT Return Due Date, Tax Year-End, and VAT Return Period Reference Number.

3. VAT on sales and all other outputs

In this section of VAT Return, the taxable person has to provide information as to standard rated tax supplies in different emirates including Abu Dhabi, Dubai, Sharjah, Ajman, Umm al Quwain, Ras Al Khaimah, and Fujairah. Further, detail as to tax refunds provided to tourists under the Tax Refunds for Tourists Scheme should be provided. It is also necessary to provide information as to exempt supplies, zero-rated supplies, goods imported into the UAE, and adjustments to goods imported into the UAE.

4. VAT on expenses and all other inputs

In this section of Tax Return, you have to furnish information on standard rated expenses, and supplies subject to reverse charge provisions.

5. Net VAT due

This section requires furnishing information on the total value of due tax for the period, the total value of recoverable tax for the period, and payable tax for the period.

6. Additional reporting requirements

Additional reporting requirements are only applicable to taxable persons who have applied the provisions of the Profit Margin Scheme during the taxable period. Others may simply say tick ‘No’ and skip to the next section.

7. Declaration and authorized signatory

This section requires the taxable person to declare that information provided in the VAT return is factually correct, accurate, and complete to the best of his knowledge. Hence, utmost care should be taken while preparing the VAT filing. The taxable person has an option to save the draft tax return and submit it later.

Once the taxable person is satisfied as to the submitted information in the VAT Return, he can click on the Submit button and file the VAT return.  


VAT return, VAT return filing in UAE

Care to be taken while filing a Tax return

  • Fill up information for all mandatory fields
  • Do not leave the amount fields empty. Enter ‘0’ if there’s nothing to declare.
  • Make sure to enter all the amounts in United Arab Emirates Dirham (AED) up to two decimal places
  • Double-check the accuracy and completeness of the information provided to avoid fines and penalties. You may use our UAE VAT Calculator to calculate VAT on Invoices.

Penalties related to VAT Return

  • If the taxable person fails to submit the VAT return within the specified timeframe, then he has to pay a penalty of AED 1000 for the first time and AED 2000 in case of a repeated failure within 24 months.
  • If the taxable person fails to settle Payable Tax as per the VAT return or Tax Assessment within the timeframe then,
    • 2% of the unpaid tax becomes due immediately
    • 4% of the unpaid tax becomes due on the 7th day following the deadline for payment
    • 1% daily penalty is charged on any amount that is still unpaid one calendar month following the deadline for payment subject to a maximum of 300%.
  • If the taxable person files an incorrect tax return then,
    • A fixed penalty of AED 3000 for the first time and AED 5000 in case of a repeated failure
    • 50% if the taxable person fails to make a voluntary disclosure or makes the voluntary disclosure after he is notified of the tax audit and the tax authority starts the tax audit process or after being asked for information relating to the tax audit whichever takes place first
    • 30% if the taxable person makes the voluntary disclosure after being notified of the tax audit and before the authority starts the tax audit
    • 5% if the taxable person makes a voluntary disclosure before being notified of the tax audit by the authority
  • If the legal representative for the taxable person fails to file a VAT return within the specified time, then the legal representative has to bear the penalties of AED 1000 for the first such failure and AED 2000 in case of repetition within 24 months.

FAQs:

1. I am a newly tax registered business. Is there any relaxation for me in filing VAT return?

As per the UAE VAT Laws, there is no such relaxation for filing VAT return. All VAT registered companies need to submit quarterly VAT returns on the 28th of the following month.

2. What are the different options available for payment of tax?

(i) One can settle Payable Tax using e-dirham or credit card (Visa and Master card only)
(ii)Another option available is payment via e-debit. Here the payment is processed using retail or corporate banking channels of the taxpayer.
(iii)One can also make a fund transfer via GIBAN number as provided by the FTA.

3. Can I file VAT return without settling the payable tax?

Yes, one can file VAT return without settling the payable tax, but he can not escape the late payment penalties.

4. Do I have to file my VAT return if I settle the payable tax on time?

UAE VAT Laws require a taxable person to file his tax return and settle the payable tax on time. If one fails to submit his VAT return on time, then he will be charged penalties.

5. I have come to know of mistakes in my tax return after submitting it to FTA. What should I do?

You need to file a Voluntary Disclosure in Voluntary Disclosure Form 211 to correct the mistakes if the net impact of VAT Payable or VAT Receivable is more than AED 10000. If the net impact of such a mistake is less than AED 10000, then you are not required to submit the Voluntary Disclosure Form. You can correct such mistakes or omissions in the subsequent VAT return.

6. Is it possible to generate a VAT return file from my accounting software and file VAT return with FTA?

Yes, one can generate a VAT return file, and file VAT Return with the FTA if the software is certified by the FTA.


VAT return, VAT return filing in UAE

VAT Consulting Service in UAE

N R Doshi & Partners provides a range of tax services, including VAT return filing services, VAT Consulting, and Tax Agent services in the UAE. Our service is coupled with insight and domain knowledge to help businesses remain compliant with the UAE Tax Laws. Contact us to know how our VAT Consultants in UAE can make you fully VAT compliant.

Source: https://nrdoshi.ae/vat-return-filing-in-uae/

Friday, August 7, 2020

Excise Tax Collection in eDirham

The collection of excise tax in the UAE started on 1st October 2017. The Federal Tax Authority announced that the tax should only be collected through eDirham. Excise tax collection in eDirham is introduced to deliver the safety and transparency of the financial transactions.

eDirham is a payment tool that is one of the best examples of FinTech. The UAE has emerged as one of the most advanced business hubs in the world. Therefore, excise tax collection through edirham provides a useful payment mechanism to the businesses.

After Saudi Arabia, the UAE became the second GCC nation to introduce such technology. The revenue collected through it goes to government services for the advancement of society. It covers products such as tobacco, energy drinks, and soft drinks. It will discourage the consumption of products which degrade the health of individuals


What is eDirham?

eDirham is a FinTech technology. It was launched by the Ministry of Finance UAE in the year 2011 for the collection of revenue and service fees with ease. The payer needs a prepaid card for making the payment to the Federal Government. Later, the MOF increased its functionality by proving excise tax collection in eDirham.

Besides excise tax collection in eDirham, it connects over five thousand government services that belong to various ministries and other local and federal authorities.

The excise tax payment in eDirham can be effortlessly made as you can access this payment tool from anywhere. Collaboration between government and eDirham is done through the National Bank of Abu Dhabi (NBAD).

Various eDirham Cards

Blue Al Haslah Card

This card can be used all across the world for cash withdrawals and purchases where merchants accept the VISA brand. It is because this card is a VISA co-branded card.

Green Al Haslah Card

This card is similar to Blue Al Haslah Card, which can be used worldwide. It comes with a cardholder’s photo and name printed in English and Arabic. It is more secured as it comes with 3DS enrolment.

Red Al Haslah Card

This card doesn’t need any registration even when this eDirham card is a private label card. After you load the card with eDirham balance, it can be used for one year from that day at any eDirham G2 merchant.

Silver Al Haslah Card

This card is almost similar to Green Al HAslah Card with one additional feature. It has 3DS enrolment, which provides an additional security layer.

Gold Al Haslah Card

This card is similar to Red Al Haslah Card and, thus, a private label card. It has a validity of three years having the holder’s name printed on it in both Arabic and English language. It even has the holder’s photograph.

Get an eDirham Card

Getting eDirham Card is not a tough task. You just need to visit the website: www.edirhamg2.ae and complete the process 

  1. You need to submit photographs of the following documents of individual and institutions in JPEG format:
  2. Personal Photograph
  3. Passport copy
  4. Signature
  5. Company’s registration
  6. Submit the required personal details
  7. Make the payment
  8. The card will be sent within three days of payment by Aramex.

Excise Tax Payment in eDirham


How to top-up your eDirham Card?


You can top-up your eDirham Card using eDirect service. eDirect service allows you to add AED 50000 to your eDirham card by just charging a minimal fee of AED 7. Credit cards are not accepted for topping up eDirham cards.

You need to select the payment method, your bank, card number, input your passcode, add the top-up amount, give confirmation of your email id, and it’s done with just a click on the submit button.

Source: https://nrdoshi.ae/excise-tax-collection-in-edirhamhttps://nrdoshi.ae/excise-tax-collection-in-edirham/

Wednesday, May 13, 2020

VAT Services in UAE

VAT compliance in UAE pauses challenges before many businesses as they have limited resources to carry out their day-to-day work and comply with regulatory requirements. Further, they lack the knowledge of VAT Laws to fulfill the statutory requirements. Our VAT Consultants provide VAT Services in UAE to let businesses have complete peace of mind as far as VAT compliance is concerned. We are a registered Tax Agent with the Federal Tax Authority (FTA) in UAE.
In the ever-changing indirect tax regime, it is challenging to keep up with the regulatory changes and apply the correct VAT provisions to various business transactions. Our VAT Consultants have required skills and experience to provide you the best in class VAT services in UAE.

VAT Services

VAT Registration


VAT Services

 

UAE VAT Laws provide for voluntary and mandatory VAT registration. Businesses need to identify their taxable supplies and check if they need to go for VAT Registration. A timely registration helps one comply with the regulatory requirements and avoid penalties for late registration. Our VAT Services ensure that the VAT Registration Form is correctly filed with the Federal Tax Authority (FTA), and all the required documents are submitted. Our VAT Consultants have a thorough understanding of the regulatory requirements, and they ensure a quick and hassle-free tax registration.

Our VAT Registration service focuses on:
  • Preparation and submission of relevant application forms
  • Translating documents relevant to the Tax registration process
  • Advice on the information that needs to be provided to the FTA
  • Advice on the start date which should apply to the VAT registration
  • Liaison with FTA until the Tax registration number (TRN) is issued.

VAT De-registration

We do provide VAT De-registration service and carry out the following activities:
  • Identifying the right reason for VAT de-registration and filling up the form
  • Deciding the effective date of de-registration
  • Advice on the information that needs to be provided to the FTA for VAT de-registration
  • Liaison with the FTA until the TAX de-registration application is approved.

VAT-compliant Bookkeeping

We undertake bookkeeping and accounting assignments and ensure that you remain VAT compliant. Our accounting professionals update your books of accounts on time, and our VAT Consultants ensure that invoices and credit notes comply with formats suggested by the Federal Tax Authority (FTA).
They also ensure that the correct amount of VAT is charged and claimed as the input tax credit to avoid penalties as per the VAT Laws of UAE.
Our VAT-compliant Bookkeeping service helps in making a data-driven business decision as your books of accounts are always updated on a timely basis.

Vat Returns Filing

As per UAE VAT Laws, a taxable person is required to file a monthly or quarterly Tax Return. To file Tax Return, one has to be ready with calculations, including standard-rated supplies, zero-rated suppliers, exempt supplies, reverse charge transactions, and imports.
Our VAT Services in UAE includes verification of VAT transactions to make sure the output tax has been correctly charged, and input tax has been rightly claimed.
There are penalties for late or incorrect filing of tax returns. Businesses can bank upon us to have complete peace of mind as our VAT Consultants not only do the timely accounting but also file VAT returns as per the regulatory requirements.
To summarize, our VAT Return Filing service focuses on the following areas:
  • Review of quarterly/monthly VAT returns based on information and explanations supplied to us
  • Verification of Output Tax paid on local sales along with classification and reporting of sales emirates wise
  • Verification of reporting of Import of Goods and Import of services transactions
  • Review of adjustment to goods imported into the UAE if any
  • Verification of Zero-rated supplies and exempt supplies
  • Verification of input tax credit claimed on local purchase and expenses
  • Feedback and suggestion on the errors found during the review of VAT return
  • Reviewing the tax reports before submitting them to the Federal Tax Authority
  • Ensuring timely filing of VAT return with the Federal Tax Authority
  • Ensuring timely payment of VAT to the Federal Tax Authority

VAT Implementation

Our VAT implementation service is one of the most important VAT Services in UAE. It focuses on:
  • Phase 1: VAT Impact Assessment & Awareness Training
    • A complete review and mapping of the ‘as is’ position
    • Identification of VAT touchpoints and risk assessment
    • Designing a VAT implementation roadmap
    • Assessment of system capabilities
  • Phase 2: VAT Implementation, Training & Transition Support
    • Planning and designing process, accounting and IT requirements
    • Identifying additional software needs
    • Implementing system and process changes
    • Testing and dry-run
    • Running training programs
    • Communicating with clients and suppliers
  • Phase 3: Post Implementation Support
    • Assistance for VAT return submission
    • Review of the first tax return and system outputs
    • On-going VAT compliance
    • Systems support

Voluntary Disclosure Filing

If an organization wants to file a voluntary disclosure with the FTA, then we provide the following services:
  • Review of the facts of the case, underlying circumstances and documents
  • Preparation of draft letter to be submitted along with voluntary disclosure application
  • Submission of the voluntary disclosure on the FTA portal
  • Assistance in providing replies to the queries raised by the FTA concerning the voluntary disclosure application

VAT Audit

We provide VAT Audit services in UAE and carry out due diligence of the company’s VAT compliance. Our VAT Consultants perform several health checks and review the overall VAT readiness and compliance of the company.
They check a sample of transactions and see if they comply with VAT Laws in UAE. All the discrepancies are identified and recorded, and accounting records are verified to ensure that accurate financial information is available and reported in the Tax Return.
VAT Audit helps in not only knowing major lapses on the part of the company to comply with the VAT Laws in UAE but also pinpoint areas requiring improvement to reduce the overall risk of non-compliance.
Our VAT Audit report contains all the necessary information and recommendations for the organization to strengthen the compliance of VAT Laws.
Take advantage of our VAT Services in Dubai as we provide a comprehensive audit covering the following activities:
  • Verification of correctness of the tax return
  • Verification of output tax paid on local sales along with classification and reporting of sales emirate wise
  • Verification of reporting of Import of goods and Import of services transactions
  • Review of Adjustments to goods imported into the UAE if any
  • Verification of Zero-rated supplies and exempt supplies
  • Verification of input tax credit claimed on purchases and expenses
  • Verification of books of account and other related records and registers maintained for correctness and completeness of the returns
  • Based on the verification of above, we advise for submission of Voluntary disclosure if required

Tax Agent Services

We are a registered tax agent in UAE, and we act as a connecting link between the FTA and VAT-registered businesses. We represent our clients before the FTA to take care of their tax obligations and perform several activities as per the UAE VAT Laws.
Take advantage of our VAT services in UAE as our Tax Agents keep themselves abreast of the latest changes in UAE VAT Laws and see that you remain compliant all the time. They solve your day-to-day queries and provide expert opinion on matters concerning taxability or non-taxability of a particular transaction.
Our Tax Agent helps in the following areas:
  1. Implementing VAT
  2. Answering day-to-day queries on VAT
  3. Maintaining records as per the UAE VAT Laws
  4. Bookkeeping and Accounting as per the UAE VAT Laws
  5. Complying with the UAE VAT Laws
  6. Filing VAT Returns
  7. Representing our clients before the FTA


VAT Consultancy

Our VAT Services in UAE include VAT Consulting service, where we help our clients remain compliant with the UAE VAT Laws. We start by understanding their nature of business, types of business transactions, item structure, sales turnover, invoice formats, and accounting records.
We then go on to assess how VAT provisions apply to their business and whether their internal business processes, accounting, and IT infrastructure are geared to handle the VAT requirements. Accordingly, our VAT Consultants suggest changes to their business processes, accounting records management, and invoice formats so that they comply with regulatory requirements.
We do offer VAT Transaction Advisory services where we guide companies on complex aspects of their business. Companies with multiple branches, multiple products, international presence, and complex organizational structure require an expert opinion on how they should make their business transactions to remain VAT compliant. Our VAT Consultants in UAE have helped many such companies in structuring their operations as per the UAE VAT Law requirements.
We provide verbal and written advice on all routine/procedural VAT compliance issues upon specific request from the company. We also provide advice on the new amendment/development in VAT law

VAT Services in UAE : FAQs

1. Is the VAT return filing and payment date the same?
Yes, the due date for VAT return submission and VAT payment is the same. It is the 28th day after the tax period.
2. Can a non-registered business claim the input tax credit?
As per UAE VAT Laws, only a tax-registered business can claim the input tax credit.
3. I am a tax-registered person. My nature of business has changed due to the change in market conditions. Do I have to inform the tax authorities as to the change?
Yes, as a tax-registered person, you are obliged to inform the FTA within 20 days of such change.
4. What is a reverse charge mechanism?
When a business imports goods or services, it is very likely that the supplier of the same is not registered in the UAE, and hence he can not charge VAT on supplies. In such cases, the importer of the goods or services is made liable to account and pay for VAT. Since the liability for VAT is imposed on the importer of the goods or services, it is called the reverse charge mechanism.
5. Can an importer claim the input tax credit for the VAT paid under reverse charge mechanism?
Yes, an importer can claim the input tax credit for the VAT paid as a reverse charge.
If the goods or services are imported into the UAE, what will be the place of supply?
For the imported goods or services, the place of supply will be within the UAE.

VAT Consultants in UAE

N R Doshi & Partners provides VAT Services in UAE to help companies meet compliance requirements. Our consultants provide auditing, accounting, advisory, and Tax consulting services.
Complying with VAT regulations is important from a business’s point of view as it builds a positive image and reputation of the company. UAE VAT Laws provide for penalties for lapses on the part of a business to fulfill VAT related obligations.
Contact us today and keep your compliance worries at bay. We are registered Tax Agents with the FTA, and we can help you in all aspects concerning VAT in Dubai. Our VAT Consultants work closely with clients to fully understand their VAT related concerns and needs. We maintain a client-centric approach and transparency to provide VAT Services in Dubai in a timely and straightforward manner.

 

Monday, April 27, 2020

Extended VAT return deadline and VAT Payment deadline


The FTA has extended the VAT Return deadline and Tax Payment deadline by one month to 28th May 2020 for the period ended 31st March 2020.
The FTA has extended the VAT Return deadline and Tax Payment deadline, keeping in view the troubles caused by novel Coronavirus  (COVID- 19) as in certain areas, individuals and vehicles have a restricted movement.
This move by the FTA will relax the tax registrants in fulfilling their tax obligations, filing vat returns, and settling their payable taxes. It will allow them to have sufficient time on hand to obey the new deadline.
VAT Registrants must:
  • File their tax returns and settle payable tax for the period 1st March 2020 to 31st March 2020 by 28th May 2020. – Monthly Filing
  • File their tax returns and settle payable tax for the period 1st January 2020 to 31st March 2020 by 28th May 2020. – Quarterly Filing
  • Settle tax payable for the period ending 31st March 2020 by 28th May 2020.
This directive from the Federal Tax Authority is exceptional, and it pertains only to the tax periods that ended on 31st March 2020. It does not apply to any other tax periods where the normal deadline for filing of vat returns and settlement of payable tax does not fall in April 2020.
Source:

Thursday, April 23, 2020

Value Added Tax Return Filing Process In The UAE


VAT has already been introduced to the UAE since 1st January 2018 and crossing distinct phases, with time moving ahead. Companies were busy getting their registrations done and now are moving towards their first return filing that would strike shortly. Individuals and businesses who have registered themselves for VAT are required to submit VAT return in the UAE in a prescribed format as given by FTA and on regular basis. The duration of VAT Return filing is quarterly in most of the cases but in some cases its monthly also.

Let’s first understand what a VAT return is and why it is important to file;
VAT return is a periodic statement that shows how much tax is charged during that period, which is referred as output tax and how much tax is paid which is referred as input tax. The difference is what is submitted to the government. The equation is quite simple, yet many can mess it up due to several factors like ignorance of the laws, lack of knowledge, no proper maintenance of books of records, lack of proper transaction mapping etc. A return is thus needed to submit to see whether the required regulations have been followed or not and whatever is being collected from the end user is being submitted to the government.
Now the question is how to file a return;
VAT filing will be completely an online activity through the portal of FTA. There are set of procedures and a prescribed format that’s been given out by FTA which registered individuals and businesses should follow and file their returns accordingly. The procedure will be completely online, and no manual returns are accepted. A wrongly calculated VAT may lead to consequences in form of penalties to the registrant. Also, it’s necessary to submit it on time as delay in submission will also be considered as non-adherence to law and penalties will be imposed.
Thinking what should be done to avoid these situations?
Proper knowledge of the subject and compliance with laws are the only solution. Our tax experts can help you to roughly apply the procedures and fulfill your tax obligation with full compliance and you can safeguard your valuable hard-earn.
When to file a VAT Return?
Every taxable person is required to submit the VAT return within 28 days from the end of each tax period as prescribed by the FTA. This must be completely in accordance with the provisions of the UAE VAT Law.
The role of an accountant or a tax consultant is very important in complying with the VAT regulations. As it’s a tax on transaction so even if a single transaction is wrongly mapped and identified it may lead to big errors. We can help you to face this transition phase whether its registration, implementation, transaction mapping, return filing, accounting etc.
For more information and consultation for your VAT related services reach out to us on enquiries@nrdoshi.ae
Source:

Monday, February 10, 2020

The best VAT consultants in Dubai at are your service

VAT
Value Added Tax
The best VAT consultants in Dubai at are your service From 1st January 2018, Value Added Tax (VAT), which is an indirect tax system, has come into effect in the UAE, and Saudi Arabia. Other members of the Gulf Cooperation Council (GCC) made some delays in its implementation. Qatar and Bahrain brought this system into effect from 1st January. Kuwait has postponed it to the year 2021. This implementation was a call for VAT consultants in Dubai to make the companies aware of the implementation process. N R Doshi and Partners own such experienced consultants who had provided implementation to several clients who remain satisfied. In this VAT system, 5% of the goods and services’ price is charged as the tax on every stage of the supply chain. There are a few goods and services on which 0% VAT is charged. Besides this, a few are wholly exempted from the taxation system. Therefore, your industry will be placed amongst any of these three categories based on the VAT system- on which 5% VAT is charged, 0% VAT is charged, and VAT is exempted. N R Doshi & Partners has worked with multiple industries. We aim to provide you with a VAT ready model specific to your industry. Our tax consultant the UAE calculates the impact of VAT implementation on your business by studying the previous profit, maximum retail price, consumer base, etc., and relating it with the current attributes.


This will let us create plans by which you can achieve the profit which you previously had when your company didn’t need to pay taxation. This is done with keeping your business compliant with the rules and regulations of your country. Being one of the most reputed VAT consultants in UAE, we also make sure that your consumers have a minimum effect from this change. This is crucial as improper implementation may harm the user base.
Increment in the revenue collection is the primary reason why VAT is introduced. As there is a considerable drop in oil prices, the UAE planned to lesser down its dependency on oil companies for revenue generation. With this, the oil company’s revenue share will be minimized, but the quality of public service remains the same.
A criterion for registration is also defined based on the annual turnover of the company. If the company’s revenue is more than AED 375,000/- per year, then VAT registration is mandatory. In case, if the business generates income between AED 187,5000/- and AED 375,000/-, then it is optional to register it under the UAE VAT Law.
Furthermore, if the revenue is lesser than AED 187,500/-, the company requires no registration under this law.

Choose Our Experts for facile Value Added Tax Registration

VAT registration becomes facile if you have VAT registration consultants to rely on. N R Doshi & Partners owns a team that has helped numerous businesses in getting started with VAT implementation. We, as VAT consultants in Dubai, suggest a workable tax plan for your company to know the effect of value-added tax implementation.

We assist you in arranging all the relevant documents which are required for VAT registration.

  • Required documents are presented in front of Federal Tax Authority UAE.
  • One needs to declare the products and services with which the company deals.
  • Declaration of turnover is required.

We, as a highly experienced tax consultant in UAE, manage the meetings with GCC officials, and trouble-free registration is conducted.

Note: We even provide vat deregistration service for the companies who have decrement in turn over and do not cross the voluntary registration threshold of AED 187,500/.