VAT Services

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.

Value Added Tax (VAT) is a consumption tax paid on the sale of goods and services whereby tax is paid at every level of manufacturing or distribution determined by the value added. 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.

Importance of VAT Services in Dubai for Businesses

• Legal Compliance: Prevents fines by guaranteeing compliance with UAE VAT regulations.
• Proper Filing: Supports timely VAT returns and registration.
• Tax Optimization: Uses strategic planning to reduce VAT obligations.
• Improved Reputation: Increases authority and client trust.
• Prevent Penalties: Avoids expensive fees for inaccurate filings.
• Audit Readiness: Helps you avoid errors and get ready for VAT audits.

VAT Services in Dubai We Provide

VAT services in Dubai are crucial for companies to meet the UAE's VAT regulations, simplify their tax procedures, and prevent penalties. Whether you're signing up for VAT, preparing tax returns, or looking for professional guidance, these services assist companies in efficiently managing their VAT obligations. Below are the main VAT services we provide:

• VAT Registration: Helps companies register for VAT when their taxable goods beat the necessary amount.
• VAT Deregistration: Assists with the cancellation of VAT registration whenever a business no longer meets its registration criteria.
• VAT Filing & Tax Returns: Helps prepare and file VAT returns on a correct and timely basis.
• VAT Audit Services: Assist organizations prepare for VAT audit where the entire VAT record of that company will be right and latest.
• VAT Consultancy Service: Provides professional advice on VAT compliance, planning, and strategies to improve VAT liabilities.

VAT Exemptions and Zero-Rated Goods

VAT exemptions and zero-rated items are important factors of the VAT system in the United Arab Emirates.

• VAT Exemptions: These refer to products and services that are exempt from VAT, indicating that no tax is imposed on them. Examples consist of healthcare, education, and specific financial services.
• Zero-Rated Items: These goods or services are taxed at 0%. While businesses need to report them, they can still get back the VAT they paid on related costs. Common examples include exported goods and international transport services.

These rules bring about reductions in specific tax burdens, particularly in the case of exports and basic services.

Why Choose Us for VAT Services in Dubai

Maintaining compliance with VAT legislation is crucial while operating a business in Dubai. The idea of registering for VAT, submitting returns, and making sure compliance is met with a sense of stress. Still, consider having a reliable partner like GAAP, that has years of expertise handling the complex rules of VAT services in Dubai.

By using GAAP's VAT service in Dubai, you can relax knowing that your company complies with the most recent tax regulations. We ensure that everything is submitted accurately and on schedule so you can concentrate on expanding your company while we take care of the technicalities. Allow us to reduce the burden of VAT so you may focus on what counts.