VAT Deregistration in UAE

VAT Deregistration in UAE

VAT Deregistration in UAE VAT Deregistration in UAE is an online process. Businesses and individuals who are registered under Federal Tax Authority (FTA) can de-register from VAT in two situations: If their turnover did not exceed AED 187,500 in the 12 months after registering with the FTA, they must apply for the VAT Deregistration. If Read more about VAT Deregistration in UAE[…]

Voluntary Disclosure Form 211

VAT Voluntary Disclosure UAE

VAT Voluntary Disclosure  A voluntary disclosure is a form provided by Federal Tax Authority (FTA) to allow businesses and taxpayers to notify FTA about the errors/mistakes and omission/changes in a Tax return or Tax Refund. A VAT Voluntary disclosure form 211 in UAE helps a taxable person to make correction in the errors they have Read more about VAT Voluntary Disclosure UAE[…]

Tax Errors for Construction Company

VAT for Construction Companies

Tax Errors and Fines for Construction Sector VAT for construction companies is a complicated subject. Construction sector will be included in the VAT regulations and will attract the Standard rate of 5% VAT. Companies in the construction sector needs to plan in advance due to the long term of their projects. There are complications in Read more about VAT for Construction Companies[…]

Audit Services in Dubai

Audit Companies in Dubai

Audit Firms in Dubai SAB is one of the leading audit companies in Dubai. Businesses in UAE can get a lot of benefits from an audit report prepared from the best audit firms in Dubai with regulated auditors who are able of handling this matter for your business/company. It is also mandatory by government of UAE for a company Read more about Audit Companies in Dubai[…]

Keep Calm and Avoid fines

VAT Fines and Penalties in UAE

VAT Fines & Penalties in UAE Federal Tax Authority (FTA) has approved the complete and final list of all the administrative VAT Fines and Penalties in UAE that will be imposed on businesses for violations of the VAT laws. ⇒ Read more: FTA has announced VAT fines reduction and discounts in UAE ⇐ Every VAT fine or Read more about VAT Fines and Penalties in UAE[…]

Procedure for VAT Returns Filing in UAE

Procedure of VAT Return Filing in Dubai

VAT Return Filing Services in Dubai SAB is providing VAT return filing services in Dubai on quarterly and monthly basis, based on the dates mentioned on the company’s VAT certificate. VAT return filing in Dubai is mandatory for all the businesses in UAE. All the businesses in UAE should file VAT returns with the Federal Read more about Procedure of VAT Return Filing in Dubai[…]

VAT Registration in Dubai

VAT Registration in Dubai Extended

VAT Registration in Dubai The Federal Tax Authority (FTA) has urged all businesses sectors to complete their VAT registration for Value Added Tax (VAT) purposes as soon as possible in order to avoid VAT fines and penalties. The FTA confirmed that the online VAT registration process is continuing, and that other businesses who did not Read more about VAT Registration in Dubai Extended[…]

VAT Accounting in Dubai

VAT Bookkeeping – VAT Accounting Services in Dubai

VAT Accounting Services in Dubai Since the VAT in UAE came into effect from this year, it is mandatory for every taxable person to maintain books of accounts under the VAT law.  In addition to that the Federal Tax Authority (FTA) can ask for additional documents such as, annual accounts details, general ledgers, purchase day books, invoices Read more about VAT Bookkeeping – VAT Accounting Services in Dubai[…]

VAT's Up - Any Questions

VAT’s Up – Any Questions?

Value Added Tax (VAT) came into effect from January 01, 2018 and VAT is very new for the people of UAE.  The sharp drop in the oil prices left no option for the GCC countries other than to look at the taxation model.  At the end of each tax period, VAT registered businesses must submit a VAT Read more about VAT’s Up – Any Questions?[…]

VAT in UAE

VAT in Dubai

VAT in Dubai From 2018, businesses must start collecting VAT in Dubai UAE. VAT is a form of tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is used in more than 180 countries around the world. The end-consumer ultimately Read more about VAT in Dubai[…]