Our spectrum of Tax services for (UAE and International) companies and private persons. Our Tax services encompasses
for example:
VAT REGISTRATION
As one of our expert services we handle VAT registration for UAE & international companies in the UAE.
If you sell merchandise to UAE customers either though your own sales channels you are eligible for VAT registration. We can take care of this registration and also prepare the monthly, quarterly or annual VAT reports for you. We handle also all correspondence with the UAE tax office and assist with VAT audits if necessary.
VAT REGISTRATION EITHER MANDATORY OR VOLUNTARY MAY SEAMS TO YOU VERY SIMPLE BUT
STILL YOU HAVE TO BE AWARE OF MANY THINGS:
When I have to register? the delay in registration as mandatory – whenever you have to – is very costly, so you have to do that on time and in proper way.
Is it better for you to register as Voluntary? that depends on many other information, in some circumstances the registration in your benefits.
VAT REPORTING
When do I need to complete a VAT Return?
From the date of registration, a VAT registered business charges VAT on their taxable sales (known as output VAT). They may be able to claim some of the VAT charged on their purchases and other expenses (known as input VAT).
The business must pay to FTA the difference between the output VAT and the input VAT. However, if the input VAT is higher than the output VAT the business will be due a VAT refund, which is repayable by FTA. The business must inform FTA of the VAT which is due to be paid (or refunded) by submitting a VAT return. VAT returns usually cover a three-month period and the relevant dates will be shown on the return, for example, 1 January 2017 to 31 March 2018.
VAT REGISTRATION
Know why businesses can find themselves in a position of conflict with FTA.
The most common reasons for this are:
- When FTA takes a different view on the VAT liability of a transaction or series of transactions.
- When a business fails to address a VAT matter in a timely manner for example a late application to register for VAT, which can lead to penalties.
- Where there are errors in submitting information to FTA, which again can lead to penalties, application to register for VAT, which can lead to penalties.