Speak one-on-one to our qualified tax experts for customised planning, so your business can achieve efficient tax outcomes whilst ensuring compliance with all your tax obligations.
Our team prepares quarterly VAT reports to help you determine if you have VAT payable/refund.
Our in-house accountants will assist in registering your business for VAT with the FTA, including providing you advice on eligibility for a VAT exception. Upon completing the registration process, you will be issued with a Tax Registration Number (TRN) certificate.
Our team of highly experienced and qualified accountants is dedicated to helping you easily understand and comply with the UAE’s Value Added Tax (VAT) policy. We will meticulously assess your invoices, quotations, contracts, and purchase orders to help you determine if your business falls under either of the two categories: mandatory or voluntary registration for VAT.
The Value Added Tax (VAT) in Dubai is applied at a flat rate of 5%. This rate is applicable to all taxable supplies of goods and services, including imports. It’s important to note that while many services are subject to VAT, there are exemptions. Therefore, it’s crucial to determine whether your business involves a taxable supply.
A taxable supply is defined as any supply of goods or services for consideration from a person conducting business in Dubai. This includes various sectors such as retail businesses, food services in restaurants and hotels, and other entertainment activities. If you’re contemplating starting a business, it is likely to be considered a taxable supply, and you should assess its VAT implications accordingly.
Your company’s value of taxable goods and services exceeded the mandatory registration threshold (AED 375,000.00) over the previous 12-month period, or your company’s anticipated total value of all taxable goods and services will exceed the mandatory registration threshold (AED 375,000.00) in the next 30 days.
Your company’s value of taxable goods and services exceeded the voluntary registration threshold (AED 187,500.00) over the previous 12-month period, or your company’s anticipated total value of all taxable goods and services will exceed the voluntary registration threshold (AED 187,500.00) in the next 30 days.
You’re obligated to keep track of your taxable supplies. Make sure all your information is up to date. The minute you’re over the minimum threshold, you’ll be obligated to register. You don’t want to be over the limit and not realize that you have VAT obligations.
You must file your VAT return with the FTA online within 28 days from the end of the “tax period”. A tax period depends on your annual turnover. If you have an annual turnover below AED 150 million, you need to file your VAT returns monthly.
In-order to obtain VAT Certificate from the Federal Tax Authority the applicant must consider various aspects such as, whether to register as
> Voluntary Applicant
> Mandatory Registrant
> Tax Group
VAT Certificate is a Statutory Document issued by the Federal tax Authority confirming the registration of the applicant mentioning the Tax Registration Number (TRN) & the period for which the Tax Returns need to be filed.
The Percentage of VAT is 5%. However, there are Exempt & Zero-Rated Supplies as well.
The Tax Period & the frequency of filing, whether Monthly or Quarterly, is defined in the Tax Certificate then accordingly the company has to file its tax returns on the 28th of the month following the end of the tax period.
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