VAT and Tax Advisory in Dubai
We are here to assist you with all aspects of Value Added Tax (VAT) in the United Arab Emirates.
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VAT & Tax Advisory | Accounting Services in UAE
Managing VAT obligations is crucial for any business, impacting various scenarios such as launching new services, new transactions, and changes in the supply-chain structure. Relying solely on in-house VAT advisory expertise is often insufficient to navigate these complexities.
Our VAT advisory services in Dubai cover all VAT-related matters, supported by qualified and experienced tax agents. We offer client-focused advisory services through a dedicated VAT team, providing a wide range of VAT-related services. Our tax advisory services conduct specialized reviews of your business’s current tax position and offer relevant advice for legal compliance.
Our team of qualified tax advisors, accountants, and finance experts focuses on VAT advisory, implementation, tax optimization, and related training services to ensure your business remains compliant and efficient.
Step 1
- Identify the VAT impact on your business
- Create a detailed outline for VAT registration obligations and the steps to apply for a VAT registration number.
- Review contractual agreements with suppliers and customers to accurately map out transaction types.
- Conduct an analysis of your IT and accounting systems.
- Structure your business effectively to avoid unnecessary cash flow issues, particularly in the case of intercompany transactions
Step 2
- Verifying accounts payable to ensure evidence of input VAT paid.
- Guiding accounts receivable on when to account for output VAT.
- Updating invoice templates to include necessary VAT information.
- Assisting with VAT registration with the competent authority.
Step 3
Adapting to change can be challenging. We offer customized VAT training to facilitate a smooth transition into VAT compliance. Our VAT advisory services in Dubai provide comprehensive post-implementation support and ongoing guidance throughout the project:
- Tailored VAT training programs designed to educate and empower your team.
- Continuous support to address challenges and optimize VAT compliance.
- Guidance on adapting business processes to align with VAT requirements.
- Regular updates on regulatory changes and their implications.
Step 4
We provide expert guidance on imports and exports, including rule applications, tax exemptions, and VAT treatment for intra-GCC transactions. Our services also encompass:
- Preparation and filing of VAT returns.
- Assistance with claiming VAT refunds.
- Updating invoice templates to ensure compliance with VAT invoice requirements.
- Comprehensive assessment of VAT implications for your business operations.
FAQS
Frequently asked questions
Non-resident entities making taxable supplies in the UAE must register for VAT. UAE-based residents receiving such supplies are responsible for accounting for VAT on them.
VAT return should be submitted within 28 days from the end of tax period. As per the Federal tax authority or FTA, periodicity of VAT return may be monthly or quarterly.
Tourists visiting the UAE are required to pay VAT on purchases made within the country. However, they can avail of VAT refunds on certain purchases when leaving the UAE. Participating retailers offer this refund through the ‘Tax Refund for Tourists Scheme’.
Does A&A offer VAT advisory services in the UAE?
Our comprehensive VAT advisory services in the UAE encompass analyzing current tax positions, providing related advisory services, drafting necessary documents, ensuring ongoing compliance with legal requirements, and offering continuous VAT advisory and support across all VAT-related matters.
Join our team to receive expert guidance.
Vigor Accounts is an approved VAT and tax advisory service provider in the UAE. Our VAT advisory services in Dubai are adept at understanding tax concepts and excel in VAT registration services.
We ensure your business is VAT-ready through comprehensive services including VAT registration, VAT return filing, VAT auditing, and other tax advisory services in Dubai. With years of experience, we are a trusted partner in the corporate and financial sectors, offering a hands-on approach and dedicated attention that sets us apart from other service providers in the UAE.
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