TAX AGENT DUBAI: Our Vat Services are:
Registration with VAT Authorities in Dubai, UAE, Providing of VAT Implementation Advice and VAT Advisory Manuals in Dubai, UAE, Filing of Periodical Returns and calculation of VAT liabilityÂ in UAE, Assisting with other VAT complianceÂ in UAE, VAT Planning and Advisory Services
Brief Introduction to Tax in UAE
Each member state of the GCC will establish their own separate national legislation concerning VAT and as such, the detailed compliance requirements and a set of rules will be outlined in each respective legislation. As such we outline below an overview of the expected general underlying VAT compliance requirements. An inherent feature of the VAT is the self-assessment nature, meaning every business which is VAT registered (or required to be VAT registered) must record, assess and report its VAT obligations and entitlements, in accordance with the law, to the tax authorities.
Registering for VAT
Businesses and individuals engaged in any business activity whose turnover exceeds the mandatory VAT registration threshold specified by the respective national VAT laws must register for VAT. Voluntary VAT registration will be optional where the business turnover is below the mandatory VAT registration threshold – careful consideration should be given to the potential amount of VAT reclaimed on purchases by the business as well as the compliance costs in administering and reporting the tax, before making such a decision. Businesses not registered for VAT cannot charge VAT on their sales and cannot claim any VAT incurred on their inputs.