At Kabani & Company, our team of UAE VAT experts is ready to assist you with the VAT registration process, every step of the way. We understand how important it is for your business to comply with UAE VAT regulations, so we'll help you register for VAT in a simple and efficient way. Plus, we'll ensure that you meet all the FTA's requirements and stay on the right track. We can also provide you with ongoing VAT support and advice, so you can focus on running your business with confidence. Contact us today to get started!
If you are a business owner in the UAE, it is crucial to consider working with a VAT consultant to ensure that you comply with the regulations and minimise your VAT liability. Based on a variety of criteria, such as the tax consultant's experience, knowledge in finance, IT, operations, VAT computation, VAT refunds, and tax filing, you must select the best company for VAT Consultancy services in Dubai, United Arab Emirates. A VAT consultant who is well-versed in all the latest technical developments in the industry can easily check reports, request refunds, complete forms, or manage other complicated VAT-related concerns. Since the introduction of VAT in the UAE in 2018, Our VAT experts have played a vital role in helping businesses comply with the new regulations.
Our Tax consultants are helping businesses of all sizes with a variety of tasks, including:
Kabani and Company can help you register for VAT and ensure that your business comply with all relevant regulations. This includes filing VAT returns accurately and on time and managing the VAT records.
Our Expert VAT consultants can help you develop tax-efficient strategies to reduce your VAT liability. This can include identifying opportunities to claim input tax credits and structuring business transactions to minimise VAT exposure.
VAT Consultants at Kabani & Co. can help you prepare for and respond to VAT audits. This includes reviewing VAT records and providing guidance on addressing any audit findings. We can also provide businesses with general advice on VAT matters, such as the impact of VAT on specific transactions and the VAT implications of new business ventures.
VAT is a concept that is still being developed in the region, businesses will need the assistance of competent and experienced tax professionals in order to comply with the law at first. Many businesses are unaware of the requirement for VAT registration, as well as the guidelines for computing VAT and making payments. The following benefits come with hiring a professional VAT consultant's assistance:
Precision:
The VAT consultants take extra precautions to ensure the accuracy of the data. They use both manual reviews and cutting-edge technologies to cross-check the VAT data.
Greater Understanding of VAT Rates etc.
The top VAT consultant has extensive understanding of all matters pertaining to VAT. This information might assist you as a novice in understanding the different VAT rates, calculating the amount due, and making on-time payments.
Save Time and Money:
A professional VAT consultant's extensive knowledge and expertise will guarantee that the VAT return is error-free, saving you both time and money. Furthermore a skilled VAT professional may help you save the time that is necessary for the inspection, appraisal, and assessment of the risks related to the business.
Assistance in VAT Registration and Filing:
Since firms that are larger than the threshold limit must register for VAT, VAT experts can give detailed instructions on the registration and filing procedures.
Audit and Proper Upkeep of Records:
A VAT expert can assist you in organizing your documents and keeping them up to date so that you are always prepared for a VAT audit. They can also offer knowledgeable counsel on financial issues.
Risk Reduction:
A skilled VAT professional is better equipped to manage all business risks due to their extensive industry knowledge. He can provide you with greater guidance on how to lower the possible risks related to VAT.
Reliability:
We consistently meet the needs of our clients by doing precisely what we said we'd do.
Customization:
With our individually created programs, you not only get services that are tailored to your needs, but you also save money.
Excellence:
Your business is given the same priority as our own as we provide best-in-class services.
Thorough Analysis:
The VAT specialists at Kabani thoroughly comprehend your company's activities, revenue sources, investments, and long-term objectives.
Customized Tax plan Development:
Our team creates a specialized tax plan that is suited to your particular needs based on the results of our examination.
Continuous Monitoring and Adaptation:
We keep a close eye on changes to tax legislation to make sure your plan remains current and efficient.
The FTA will examine the application after receiving all the supporting documentation. If all the requirements are satisfied, FTA will approve the application, and within two to three weeks, a Tax Registration Number (TRN) will be granted. As mentioned above, the registration procedure for the tax group begins with the registration of a single company before group details are added. The failure of the taxable person to register for VAT within 30 days can result in a penalty of AED 20,000.
Is VAT Registration Mandatory for All Businesses in Dubai?
No, VAT registration is not mandatory for all businesses in Dubai. Only businesses that meet the following criteria are required to register for VAT:
What Are the Penalties for Non-Compliance with VAT Registration?
The penalties for non-compliance with VAT registration in the UAE are as follows:
In addition to these penalties, the FTA may also cancel a business's VAT registration if they fail to comply with the VAT regulations.
Can I Recover VAT on My Business Expenses?
Yes, registered businesses can recover input VAT on expenses related to their economic activities.
How Often Should I File VAT Returns?
VAT returns should be filed on a quarterly basis.
What Is the VAT Rate in Dubai?
The VAT rate in Dubai is 5%. This rate applies to most goods and services supplied in the UAE. However, there are some exemptions and zero-rated supplies.
Can I De-register for VAT if My Business No Longer Meets the Threshold?
Yes, you can de-register for VAT if your business no longer meets the threshold. To de-register, you must submit a de-registration application to the Federal Tax Authority (FTA).
What is the role of a VAT consultant in Dubai?
A VAT consultant in Dubai provides expert advice on Value Added Tax, helping businesses with compliance, planning, and cost-saving strategies.
How do I choose the right VAT consultant for my business?
Look for expertise, experience, industry knowledge, and communication skills when selecting a VAT consultant.
What are the benefits of hiring a VAT consultant in Dubai?
Hiring a VAT consultant can save you time and money, optimize your tax position, and keep your business compliant with VAT regulations.
How do VAT consultants stay up-to-date with UAE tax regulations?
VAT consultants regularly update their knowledge through training and continuous monitoring of tax law changes.
In case, you are interested in any of our service please contact us Please contact us at info@kabanico.ae
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