Tax services | VAT Services | VAT File Return | VAT registration in UAE
The UAE Federal Tax Authority (FTA) has now allow taxpayers to register for VAT purposes. Value-Added Tax services, VAT is a tax on the consumption or use of goods and services levied at the point of sale.
The UAE has implement VAT from January 2018. The rate will be 5 percent.
Following are the VAT services we provide:
| Sr. No | Services | Periodicity | Remarks |
| 1 | VAT registration & Grouping | One time | Understanding your group structure, its impact on VAT and how best to restructure if required and registering the Company. |
| 2 | Setting up of Invoices – sales and purchase (Depends on the volume of transactions) | One time |
We will coordinate with your IT team and put in place a proper document flow for VAT. |
| 3 | Accounting and cash flow impact and process | One time | We can put in place a process documentation of capturing the accounting data and also proper accounting head so that it can act as guidebook to your accounts team. |
| 4 | Accounting for client | Monthly | Depending on the volume. |
| 5 | Ensures regular updates and documents are maintained | Monthly /Quarterly |
VAT Internal audit function will be done on monthly/quarterly basis (excludes stocktaking) |
| 6 | Training to staff /updates | One time | We will train your team if required. |
| 7 | Help in the quarterly submission of return | Quarterly | We will help in verifying all the documents, uploading the data in Government website. |
| 8 | Act as tax agent | As when the Tax audit notice is received | This is to represent you in case there is an audit, else these services might not be required by you. |
VAT will provide the UAE with a new source of income which will be continued to be utilised to provide high-quality public tax services and audit services. It will also help government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue.
TAX SERVICES | VAT SERVICES | VAT FILE RETURN | VAT REGISTRATION IN UAE