Skip to main content Skip to search

Tax Planning, Accounting

Value Added Tax (VAT) Services

Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is used in more than 180 countries around the world. The end-consumer ultimately bears the cost. Businesses collect and account for the tax on behalf of the government.

Value Added Tax (VAT) was introduced in the UAE on 1 January 2018. The rate of VAT is 5 per cent. VAT, as a general consumption tax, will apply to the majority of transactions in goods and services.

As leading company formation consultants in dubai we provide consultation services for

1) Dubai Company Formation

2)  Company  Corporate Bank Needs .


Implication of VAT on Businesses

Businesses will be responsible for carefully documenting their business income, costs and associated VAT charges. Registered businesses and traders will charge VAT to all of their customers at the prevailing rate and incur VAT on goods/services that they buy from suppliers. The difference between these sums is reclaimed or paid to the government.

Our VAT services include the following.

  • VAT Registration
  • VAT Return filing
  • VAT Consulting

Vat Registration

A business must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000. Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold, but exceed the voluntary registration threshold of AED 187,500. Similarly, a business may register voluntarily if their expenses exceed the voluntary registration threshold.

We provide a personalized, simple and cost-effective service to register the business and obtain the Tax Registration Number.

Our Registration services include:

  •  Advice on registration types
  •  Review of all relevant registration material
  •  Guidance on documentation and information required
  •  Weighing the pros and cons of Group Registration

Value Added Tax (VAT) is a tax on consumption and it applies to almost all goods and services. The GCC governments have decided to adopt Value Added Tax (VAT). UAE has implemented VAT which applies to almost all goods and services except basic food items, healthcare, and education with effect from 1st January 2018. Though the burden normally lies on the ultimate consumer the business entities need to change the systems, processes, and procedures to comply the new legal requirement.

Managing cash flows has always been crucial to the financial health of companies. Companies that effectively manage cash and liquidity create opportunities to prosper regardless of what is happening across the broader economic or industry landscape. While market trends change and customer preferences shift, cash will always be a king.

We work with clients across the entire working cycle spectrum with an objective of “freeing” cash, creating a cash management culture in the organization and improving the shareholders return. Accounts receivable, accounts payable and inventory are key components of working capital that companies can streamline to access cash trapped on their balance sheets.

Accounting firms

Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.

Accounting firms grew in the United States and Europe in the late nineteenth and early twentieth century, and through several mergers there were large international accounting firms by the mid-twentieth century. Further large mergers in the late twentieth century led to the dominance by the auditing market by the Big Five accounting firms: Arthur Andersen, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers. The demise of Arthur Andersen following the Enron scandal reduced the Big Five to the Big Four.

We provide a professional Accounting & Bookkeeping services for our clients. We serve businesses of all sizes and industries with a dedicated team of qualified and experienced accountants and financial consultants with extensive experience in accounting, financial reporting, financial management, internal audit and controls.

Accounting and Book Keeping Services