Why Seek VAT Consultancy in Dubai, UAE?
Value-Added Tax (VAT) is a consumption tax levied on goods and services at the point of sale. While it may appear similar to a general sales tax for end-consumers, VAT is a more sophisticated tax that overcomes many challenges faced by general sales tax systems.
Any business exceeding the mandatory threshold limit of AED 375,000 is required to register for VAT. To ensure a smooth and compliant VAT registration process, businesses in Dubai, UAE, should consider acquiring the services of professional VAT consultants like us.
Our Comprehensive Services:
1. VAT Consultancy.
Our strong team of experts is dedicated to providing you with the best consultancy services to resolve your accounts and VAT-related issues. We offer strategic guidance to help you navigate the complexities of VAT effectively.
2. VAT Accounting.
We understand the importance of adhering to the Federal Tax Authority rules and regulations. As such, we ensure that every registered business follows the VAT Accounting principles diligently to avoid the risk of penalties. Count on us for reliable and accurate VAT Accounting services.
3. Registering for VAT.
VAT registration is determined by two basic criteria:
a. Voluntary Registration: When your taxable supplies reach the limit of AED 187,500/-
b. Mandatory Registration: When your taxable supplies reach the limit of 375,000/-
Our team facilitates the VAT Registration process with a 100% success rate, ensuring compliance with the VAT regulations.
4. Record Keeping
Maintaining proper records is vital for businesses to ensure smooth VAT operations. We assist in organizing and managing records, including:
Import or Export documentation
Tax invoices
VAT exempted or zero-rated supplies and purchases
Debit or credit notes
Records of goods/services used personally or provided for free
5. VAT De-Registration (VAT Number Cancellation)
If you’ve canceled your Trade License or stopped making taxable supplies, we offer VAT De-Registration services to help you with the process.
6. VAT Compliance & VAT Return Filing
We take care of your VAT compliance by preparing your accounts and filing VAT Returns promptly for every VAT period (typically every 3 months). This approach minimizes the risk of administrative penalties and ensures your business remains compliant.
At Mena Accounting Services LLC, we guarantee fast and top-notch VAT consultancy services in the UAE, tailored to your specific situation. With our support and guidance throughout the process, you can confidently manage your VAT-related matters.
Contact us today to avail of our expert VAT consultancy services and optimize your business’s tax efficiency
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