VAT Tax UAE
VAT Service Consultants in Dubai, UAE
IBR Group consultants have a great experience and deep understanding in VAT registration, we are able to assist clients with different VAT services issues that may range from VAT consulting, VAT registration, VAT Training, VAT returns, Tax Laws and regulation.
Following the announcement of VAT in Dubai, IBR Group VAT consultants have been supporting the businesses of United Arab Emirates (U.A.E) to abide by the VAT Regulation since 1st Jan 2018. Such solutions are provided by the our VAT consultants for the owners who work in small-sized businesses to assist them on tax planning that allows the business owners to manage the flow of tax and cash reserves more rationally. However, the main assistance of IBR Group VAT consultants to a business is possible with help from VAT Advisory services and VAT Compliance services.
VAT Law in UAE
The VAT is imposed at different stages of production, distribution and sale, with the final consumer ultimately bearing the burden. The UAE applies a 5% VAT on the tax-registered businesses at each stage or ‘step’ in the supply chain for goods or services that are considered as taxable supplies. Nevertheless, businesses remit and keep a record of VAT to the state.
VAT Registration in Dubai
Businesses that make taxable supplies or import goods valued at AED 375,000 (USD 1,000) and more are required to register for VAT. The UAE VAT law allows businesses with taxable supplies and imports amounting between AED 187,500 and 375,000 to make voluntary applications for VAT registration. Nevertheless, businesses that make taxable supplies to less than AED 187,500 or imports below this amount do not be subjected to filing for VAT registration.
Documents Required for VAT Registration in UAE:
There are certain documents required for the VAT registration in UAE:
• Copy of trade license
• Business owner and partner passports.
• Owner and Partners Emirate’s ID copy.
• MOA of the company and AOA.
• Company contact details and address
• Bank account details
• As per FTA format, monthly income statement for 2017 till date.
• Description of the enterprise operation.
• Turnover anticipated within the next thirty days.
• Customs registration details (if applicable)
• Authorized signatory on Emirates ID, Passport and authorization documents.
The FTA will then examine the application after all the necessary paperwork is completed and provided. The application is approved when all this occurs, and after two – three weeks – there is a TRN assigned. As mentioned earlier, when registering a tax group, the first step is starting with one group or a single company which follows by inserting group details. Failure to register for VAT within 30 days attracts a penalty of AED 20,000.
Top VAT Consultants in Dubai, Sharjah, Abu Dhabi, UAE – IBR Group Accounting.
The most effective solution is at your disposal if you choose IBR Group Accounting. You will have a dedicated team of specialists that will eliminate obstacles such as inexperience with VAT laws and regulation; limited resources; compliance issues; and old accounting systems.
Types of VAT
IBR Group Accounting helps to expand a client’s business through tailored accounting, with aid of progressive technologies for better compliance and at lower costs. Our main objective is offering high quality, rapid and smooth VAT advisory services to all the business organizations operating in different industries based at Dubai, Abu Dhabi and Sharjah, UAE. Clients have appreciated us due to the clear, user friendly and faultless VAT consulting services that we offer.
VAT registration and implementation in the UAE, emphasizing the pivotal role of IBR GROUP as a trusted consultant firm
VAT Return Filing
At IBR GROUP, our mission is to make VAT return filing an effortless and stress-free endeavor, enabling your business to flourish.
VAT deregistration is the process of canceling a business’s VAT registration with the UAE Federal Tax Authority (FTA).
Our unwavering commitment is to empower businesses, facilitating the seamless acquisition of VAT refund UAE
VAT Refund Dubai, Abu Dhabi, Sharjah, UAE.
Under VAT Law in Dubai, a company can claim VAT refunds in Abu Dhabi, UAE in case of many problems, be it a special scheme or a taxable person in a net taxable refundable position, it includes:
- Refund of VAT to Abu Dhabi’s Foreign Businesses.
- VAT refund Dubai for tourists.
- Refund VAT for New Residents in Dubai.
- Returns of Value Added Tax for Diplomatic Institutions.
However, you can contact IBR group accounting which is among the finest VAT consultant firms in Dubai, UAE for any inquiry about the VAT refunds.
How to File VAT Returns in Dubai, Sharjah & Abu Dhabi – United Arab Emirates.
- Taxable Person Details
- VAT Return Period
- Sales and All Other Outputs, VAT.
- Including VAT on Expenses & Other Inputs.
- Net VAT Due
- Additional reporting requirement
- Declaration and Authorized Signatory
When you hire VAT consultants in Dubai, Sharjah, Abu Dhabi and UAE like IBR Group Accounting, you just have to focus on running your business while we will take care of all the VAT return filing work for you.
Tax Consultancy Services
We warmly welcome you to IBR GROUP Tax Consultancy Services. Our purpose is to present you with outstanding tax consultation services based on top-quality documentations in professional works, enhanced professional support or service, dedicated 24/7 team support and more. The IBR GROUP Tax Consultancy Services has greatly improved since its early stages in UAE. We have expanded our service in Dubai, Abu Dhabi and Sharjah and it makes us proud in turning our passion into our website. Please feel free to get in touch with me if you have any question or comment.
Benefits of IBR GROUP Tax Consultancy in Dubai, UAE
- As a tax expert our services incorporates the accompanying yet not restricted to it:
- VAT Registration Service; VAT Group Registration Services.
- We do your VAT returns.
- To maintain records with regard to tax transactions.
- Your tax matters liaison with FTA.
- Questions and explanations will be represented by them at FTA in behalf of you.
- Respond To Tax Audit | Taxation Is Led For Your Benefit On Tax Audit.
- Get ready for the reports on the FTA to be done during tax review | taxation.
- Submit Demand for Rewritten Exams to FTA.
- Keeping the paperwork up to date, therefore, always when desired