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[…]

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[…]

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

Approved Audit Firms in Dubai

Audit Firms in Dubai SAB is one of the leading approved audit firms 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 Read more about Approved Audit Firms in Dubai[…]

Registered FTA Tax Agent

Why should you choose to have a Tax Agent?

Tax Agent Services in Dubai VAT in UAE is unquestionably recent to everyone and it has been implemented in UAE since the beginning of year 2018. The concept about certified tax agent UAE has been introduced to the businesses and organizations before the tax system was implemented. Federal Tax Authority (FTA) has explained the possible issues and Read more about Why should you choose to have a Tax Agent?[…]

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. Every VAT fine or penalty will be no less than AED 500. The complete and approved list of Read more about VAT Fines and Penalties in UAE[…]

Procedure for VAT Returns Filing in UAE

Procedure For VAT Returns Filing in UAE

VAT Returns Filing in Dubai VAT return filing in Dubai is mandatory for all the business in UAE. All the businesses in UAE should file VAT returns with the Federal Tax Authority (FTA) on a quarterly basis or monthly basis. VAT Returns must be filed according to the specified dates and duration mentioned on the VAT Application Read more about Procedure For VAT Returns Filing in UAE[…]

VAT Registration in Dubai Extended

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

VAT in Dubai | VAT Return UAE

VAT Bookkeeping – VAT Accounting Services in Dubai

VAT Accounting 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 issued, Read more about VAT Bookkeeping – VAT Accounting Services in Dubai[…]

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 return Read more about VAT’s Up – Any Questions?[…]