VAT compliance in the 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 knowledge of VAT Laws to fulfill the statutory requirements. Our VAT Consultants provide VAT Services in the 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 the 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 the required skills and experience to provide you with the best-in-class VAT services in the UAE.
VAT Services
VAT Services
VAT Registration
UAE VAT Laws provide for voluntary and mandatory VAT registration. Businesses need to identify their taxable supplies and check if they need to register 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:
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- 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 that should apply to the VAT registration
- Liaison with FTA until the Tax registration number (TRN) is issued.
VAT De-registration
We provide VAT de-registration services and carry out the following activities:
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- Identifying the right reason for VAT de-registration and filling out the form
- Deciding the effective date of de-registration
- Advising on the information that needs to be provided to the FTA for VAT de-registration
- Liaison with the FTA until the VAT 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 the UAE.
Our VAT-compliant Bookkeeping service helps in making data-driven business decisions, as your books of account 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 a tax return, one has to be ready with calculations, including standard-rated supplies, zero-rated supplies, exempt supplies, reverse charge transactions, and imports.
Our VAT Services in the UAE include 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 on 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:
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- 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 purchases and expenses.
- Feedback and suggestions on the errors found during the review of the 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 the UAE. It focuses on:
- Phase 1: VAT Impact Assessment & Awareness Training
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- 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
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- Phase 2: VAT Implementation, Training & Transition Support
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- 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
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- Phase 3: Post Implementation Support
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- Assistance for VAT return submission
- Review of the first tax return and system outputs
- Ongoing VAT compliance
- Systems support
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Voluntary Disclosure Filing
If an organization wants to file a voluntary disclosure with the FTA, we provide the following services:
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- Review of the facts of the case, underlying circumstances, and documents
- Preparation of a draft letter to be submitted along with the 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 the UAE and carry out due diligence on 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 the UAE. All 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 not only identify major lapses on the part of the company in complying with the VAT Laws in the 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 compliance with VAT Laws.
Take advantage of our VAT Services in Dubai as we provide a comprehensive audit covering the following activities:
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- Verification of the 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 the above, we advise submission of Voluntary disclosure, if required.
Tax Agent Services
We are a registered tax agent in the 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 the UAE, as our Tax Agents keep themselves abreast of the latest changes in UAE VAT Laws and ensure that you remain compliant at all times. They solve your day-to-day queries and provide expert opinion on matters concerning the taxability or non-taxability of a particular transaction.
Our Tax Agent helps in the following areas:
- Implementing VAT
- Answering day-to-day queries on VAT
- Maintaining records as per the UAE VAT Laws
- Bookkeeping and Accounting as per the UAE VAT Laws
- Complying with the UAE VAT Laws
- Filing VAT Returns
- Representing our clients before the FTA
VAT Consultancy
Our VAT Services in the UAE include VAT consulting services, 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 structures require an expert opinion on how they should conduct their business transactions to remain VAT compliant.
Our VAT Consultants in the 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
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.
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.
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 a change.
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 for and pay VAT. Since the liability for VAT is imposed on the importer of the goods or services, it is called the reverse charge mechanism.
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 under the 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
NR Doshi & Partners provides VAT Services in the UAE to help companies meet compliance requirements. You may use our Online VAT Calculator to determine your VAT obligations. Our consultants provide auditing, accounting, advisory, and vat-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.
