Office No: 208, Rawdat Al Wasl Bldg, Near Mazaya Center, Business Bay, Dubai

VAT Implementation

VAT implementation in UAE

VAT implementation in UAE inevitably works as the most vital step in improving the country’s economic sector. VAT or Value-added-tax is the most common type of consumption tax implemented in more than 150 countries across the globe. UAE is the recent addition to this list.

VAT implementation in Dubai allows businesses to carefully document their income costs and VAT charges associated with it. VAT is charged at each stage of supply chain and the ultimate consumers generally bear VAT costs. The businesses collect VAT and act as a tax collector in behalf of the government.

VAT implementation in UAE

VAT Implementation in Dubai

VAT was introduced in UAE on 1st January 2018 with a standard rate of 5%. The UAE and federal Emirate government provide citizens and residents different public services. VAT provides a continued provision of high-quality public services for the future.

VAT for business

A & A associates have qualified tax advisors to setup a perfect VAT system for your business. Whether it’s any type of service or trade industry, we provide the best VAT implementation in UAE.

VAT registration

Businesses must register for VAT if the taxable supplies exceed a mandatory threshold of AED 375,000. Further, business should register for voluntarily, if their imports are less than mandatory registration threshold but exceed voluntary registration threshold of AED 187,500.

VAT related business responsibilities

VAT implementation in Dubai allows businesses to record their financial transactions and ensure that their records are accurate and up-to-date. Businesses that have a minimum annual turnover are required to register for VAT.

With a team of expert accounting professionals, we handle all your financial records and keep it up-to-date.

VAT implementation in UAE plans and approach

VAT implementing plans include the following,

  • Evaluating business transaction – the transactions are accurately assessed with hassle-free implementation
  • Identify implications – to find the most-suitable VAT implementation plan, initially, recognize the implications based on present model.
  • VAT assessment – companies should assess the VAT readiness of their platforms and make sure whether they are capable enough to incorporate new implementation.
  • VAT blueprint – it’s essential to have a blueprint outlining the implementation of VAT on your business model
  • Configuration of IT system – the IT system should be configured according to the VAT regulations.

VAT implementation in Dubai – services provided by A & A associates

  • Complete analysis of business environment – We analyze and understand all the processes and procedures of the business. Having a proper understanding will help business owners to identify the areas for VAT implementation.
  • Conduct training – Training session will be held for departments being affected by VAT and a team leader will be appointed to assist in the proper implementation of VAT system.
  • VAT impact on business – Research on how VAT affects the company’s working capital, profit, and expense.
  • VAT registration – We have a well-qualified team to assist in filing forms and work on other relevant procedures to enhance VAT registration with Federal tax authorities.
  • VAT on accounts system – We keep a suitable chart of accounts for the VAT affected groups and classes tailored to suit your business needs.
  • VAT return filing – At the end of each month, FTA owes you a total tax liability; we help you with the computation of exact credit amount as well as filing of the return.

Why do we need a consultant?

  • Best VAT consultants have remarkable knowledge in laws and regulations
  • VAT implementation in UAE makes sure every VAT submitted is accurate
  • VAT consultants minimize the time required for analysis and assessment
  • Reduce risk by finding the best alternatives to decrease the possible dangers related to VAT.

Why choose A & A associates?

We provide one of the best VAT implementation in Dubai seeking guidance from expert VAT consultants. They have in-depth knowledge about the rules and regulations of VAT calculation and payment.

We easily tackle complicated formulas and complex figures. With a team of most-competent VAT consultants, we educate tax payers about various tax rates and payment calculation.

We ensure reduced time for VAT analysis and make sure that every VAT field is accurate. We deal with all kind of risk in business and suggest potential alternatives!

A & A associate offers one of the best VAT implementation in UAE across all sectors.