If you’re a business operating in the UAE, it’s crucial to ensure that you comply with the country’s VAT regulations. Non-compliance can lead to hefty fines and legal repercussions. That’s where VAT consultancy services come in, we can provide you with the guidance and support you need to navigate the complexities of VAT regulations in the UAE.
Are you tired of facing the same VAT challenges day in and day out? Are you looking for a partner who can help you take your business to new heights? Look no further, NOW CONSULTANT is here to help. As Dubai’s premier financial advisory firm, we have the expertise and experience to turn your VAT worries into opportunities. Our team of accounting wizards will work with you every step of the way, from tax compliance to financial planning, to ensure that your business stays ahead of the game. Don’t let VAT hold you back any longer, join forces with NOW CONSULTANT and unlock your business’s full potential today!
Our team of tax experts has years of experience in providing VAT consultancy services to businesses in the UAE. Our extensive knowledge of tax laws and regulations, as well as our expertise in financial management, gives us a unique advantage over our competition.
At NOW Expert Tax Consultant, we offer a full suite of VAT services, including compliance, planning, and reporting. Our comprehensive solutions ensure that your business stays compliant with tax laws and regulations, and that you have a clear understanding of your financial status.
We take a proactive approach to VAT consultancy, which means we work closely with you to identify and address potential problems before they become bigger issues. Our financial experts will help you make informed decisions to help grow your business.
We understand that every business is unique, which is why we offer personalized VAT consultancy in Dubai to meet the specific needs of your business. Our team will work closely with you to create customized solutions that meet your business's specific needs.
At NOW Expert Tax Consultant, our goal is to help you unlock the full potential of your business by providing
expert VAT advisory services. Contact us today to learn how we can help you!
Contact us today to learn more about our VAT registration services and how we can help your business stay fully compliant with the law. Let us take the burden off your shoulders so you can focus on what matters most
Our VAT return filing services help businesses in the UAE stay fully compliant with the FTA's regulations. Our team of professionals are highly experienced in VAT return filing and stay up-to-date with the latest regulations to ensure accuracy and timeliness.
To register for VAT in UAE, a business must have taxable imports and supplies total of AED 375k or more. If the total is between AED 187.5k and AED 375k, the company may voluntarily register for VAT.
The following documents are required to register for VAT in UAE: Emirates IDs, passports, and authorized signatories' papers, business type and activities carried out, monthly income statement for 2017, trade license copy, owners' and partners' Emirates ID, Memorandum of Association, and Articles of Association, business address and phone number.
Businesses can submit their VAT registration applications online through the Federal Tax Authority (FTA) website. Ensure that all names are entered in both Arabic and English.
Businesses are required to register under the VAT in accordance with the Federal Decree-Law of 2017 on VAT and the Cabinet Decision (52) of 2017 on the executive regulations of the Federal Decree-Law of 2017 on VAT. Companies must manage the VAT accounting and collection and are subject to a 5% VAT levy on taxable supplies of goods or services.
VAT regulations may change over time, it is important to stay informed and in compliance with the latest regulations. Consider seeking the help of a VAT consultant to ensure compliance and minimize the risk of penalties.
Comprehensive VAT Services for Optimal Business Management.
Transparent and Accurate VAT Reporting for Unwavering Business Insight.
Proactive VAT Planning for Informed Business Decisions.
Expert VAT Advice and Compliance for Seamless Tax Navigation.
If You’re Losing
Out on Profits Due to Unmanageable Legal and Financial Matters,
.
Then Allow Us
to Be Your Trusted VAT Consultants and Help You Grow Your Business!
Our VAT consultants in Dubai are helping a wide range of businesses in the UAE to thrive. From small start-ups to large corporations, our clients span across a variety of industries such as retail, manufacturing, construction, real estate, hospitality, and more. Our VAT solutions are designed to cater to the unique needs of each business and help them stay compliant with the VAT regulations in the UAE.
Real estate companies can take advantage of our expert guidance to accurately record and report all taxable transactions related to their property sales and leases.
Manufacturing businesses need to carefully track all inputs and outputs to ensure they are in compliance with VAT regulations. Our team will help streamline this process and minimize the risk of errors.
Retail companies face unique VAT challenges, such as accurately recording tax on sales of products that may cross different VAT rate thresholds. We help these businesses stay compliant and make the most of available VAT exemptions and reductions.
Hospitality and tourism businesses need to accurately track and report VAT on various taxable supplies and services, from room rentals to food and beverage sales. Our experts provide tailored solutions to meet the specific needs of these industries.
DO’s:
Do ensure that you meet the VAT registration threshold by regularly monitoring your taxable supplies and imports.
Do appoint a knowledgeable VAT consultant who can help you understand the laws and regulations surrounding VAT.
Do keep detailed records of all transactions and receipts related to VAT.
Do make sure that your invoices accurately reflect the VAT charged and that you issue credit notes for any VAT adjustments.
Do register for VAT voluntarily if your taxable supplies and imports fall between AED 187.5k and AED 375k to avoid potential penalties.
DON’Ts:
Don't ignore the requirement to register for VAT if your taxable supplies and imports total AED 375k or more.
Don't forget to issue VAT invoices for your taxable supplies and services.
Don't neglect to properly account for VAT on all your taxable supplies, imports, and expenses.
Don't assume that you don't need to register for VAT if your taxable supplies and imports are below AED 187k.
Don't ignore the importance of keeping detailed records, as they are crucial for VAT compliance and any potential audits.
Adhere to these straightforward guidelines and you’ll be taking the necessary steps to ensuring your financial records are flawless and your business runs smoothly. When in doubt, seek the guidance of an expert to help steer you in the right direction.
VAT Consultancy refers to the services provided by tax experts who help businesses understand, implement, and comply with Value Added Tax (VAT) regulations in a certain specific country.
VAT was implemented in the UAE on January 1st, 2022 with a standard rate of 5%. Businesses must comply with these regulations in order to lower their risk and transaction complexity. Qualified VAT consultants in dubai can help ensure businesses are meeting their VAT obligations and avoid penalties.
Our team of experienced VAT consultants in UAE offers a range of services, including VAT registration, compliance, and ongoing support. We can help ensure that your business is meeting its VAT obligations and help you navigate any tax problems that may arise.
NOW Expert Tax Consultant offers customized solutions tailored to meet the unique needs of your business. Our team of experts can provide on-site and off-site financial assistance services, part-time options, and personalized support to help your business stay on top of its financials.
If you’re a business owner in the UAE, it’s Worth Considering hiring the reliable VAT consultants in Dubai to help you with your VAT compliance. This will give you peace of mind and allow you to focus on what you do best – running your business.
We are a financial advisory company who’d help you go through your financial activities. Sellers and Businessmen trust NOW Consultant to manage their taxes, VAT, Accounting and Incorporation. Get a personal accountant who knows how to manage your business stuff professionally with error free accounting.
Jumeirah Bay X3 Office 3800 Jumeirah Lake Towers
Dubai
United Arab Emirates
0522146392
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