VAT Services in Dubai
In Dubai, the UAE introduced new tax rules called VAT (value-added tax) starting January 1, 2018. Many companies are finding it challenging to follow these new tax laws. GAAP Associates has a team of experts who can help your company with VAT services in Dubai. So, instead of stressing about it, you can rely on us.
For business owners in the UAE, it's mandatory to register their companies for VAT. This is based on Decision (52) of 2017, which outlines the rules for VAT in line with Federal Decree-Law No. 8 of 2017. Both mainland and free zone businesses need to be registered for tax to be under VAT. Our specialists can guide you through the process, whether it's registering for corporate tax with FTA, getting VAT advice, or filing VAT returns. Our corporate tax consultants in Dubai can help with effective tax planning, allowing you to manage your business's tax expenses and working capital.
We make sure your VAT returns and business reconciliations are done on time. Checking and reviewing VAT records, returns, and reconciliations is crucial to avoid mistakes. Our experts also offer suggestions to improve your business systems.
Corporate Tax
The best tax experts in Dubai, UAE, can help companies figure out if they need to pay taxes. They can also assist with preparing financial documents, understanding tax rules, and dealing with transactions and expenses.
Knowing the tax laws in the UAE is important for companies to avoid fines. Following these laws also helps maintain a good reputation and keeps shareholders happy.
Companies that follow the tax rules not only avoid penalties but also gain trust from shareholders and investors.
Who Doesn't Pay Taxes?
Some organizations don't have to pay corporate taxes in the UAE. These include:
Getting Registered for Taxes: Companies that need to pay taxes must register with the Federal Tax Authority (FTA). They'll get a tax registration number, and if they stop needing to pay taxes, they must cancel their registration. Tax experts in Dubai can help with this.
Filing Taxes
Companies only need to submit one tax return to the FTA for each period. They don't have to pay taxes in advance. Tax experts can help with the paperwork.
GAAP Associates can help with tax registration, filing returns, figuring out how much to pay, and other tax advice. Our team knows how to keep your business on the right side of the law.