VAT REGISTRATION SERVICES IN DUBAI, UAE

PMI Consulting provides affordable and best VAT registration services in UAE.

VAT structured implementation has become mandatory and an absolute necessity to comply with the VAT laws in UAE.

What Is VAT?

Value Added Tax is a tax on consumption levied at each stage of the supply chain and ultimately borne by the end consumer.

How does it work?

VAT is a transaction-based indirect tax that is levied at each step of the supply chain. End consumers generally bear the VAT cost while registered businesses collect and account for the tax, in a way acting as a tax collector on behalf of the Federal Tax Authority.

Who needs to register for VAT?

A business must register for VAT if the taxable supplies and imports exceed the mandatory registration threshold of AED 375,000. Furthermore, a business may choose to register for VAT voluntarily where the total value of its taxable supplies and imports (or taxable expenses) is in excess of the voluntary registration threshold of AED 187,500.

When is the VAT return filing due?

Once you have registered for VAT in the UAE, you are required to file your VAT return and make related VAT payments within 28 days from the end of your tax period.

Does VAT apply to the import & export of goods & services?

Importers can have varying import VAT obligations depending on their VAT registration status. Registration for VAT purposes will mean that an importer can defer payment of VAT, so payment shall be made on submission of the return (within 28 days following the tax period in which the import happened).

Is VAT applicable to free zones?

Certain free zones have been specified as designated zones for VAT purposes. While special rules apply to supplies made in the designated zones, the businesses established in such zones may still need to register for VAT provided the criteria for registration are met.

PMI is led by a group of highly skilled and experienced Chartered Accountants who are committed to practicing their profession in line with International Financial Reporting Standards (FRS). With our expertise and in-depth knowledge of VAT, we offer best VAT consultancy services possible to both domestic and international clients.

PREMIUM VAT CONSULTANTS IN DUBAI, UAE YOU CAN TRUST

 

PMI provides the best VAT consultancy services in UAE in compliance with the Federal Tax Authority FTA Decree VAT laws. We identify the importance and need for VAT services for every business entity in the UAE, and deliver a wide range of affordable & quick VAT services, which include: –

• VAT Registration services in UAE
• VAT deregistration
• VAT Return Filing
• VAT Compliance
• VAT Audit 

01 What is Corporate Tax?

Corporate Tax is a form of direct tax levied on the net income or profit of corporations and other businesses.

Corporate Tax is sometimes also referred to as “Corporate Income Tax” or “Business Profits Tax” in other jurisdictions.

 02 Why is the UAE introducing CT?

A competitive CT regime based on international best practices will cement the UAE’s position as a leading global hub for business and investment, and accelerate the UAE’s development and transformation to achieve its strategic objectives

Introducing a CT regime reaffirms the UAE’s commitment to meeting international standards for tax transparency and preventing harmful tax practices.

 03 Is the UAE the first country to introduce CT?

Most countries in the world have a comprehensive CT regime, including most of the GCC Member States.

 04 When will the UAE CT regime become effective?

The UAE CT regime will become effective for financial years starting on or after 1 June 2023

05 Will UAE CT be applicable to businesses in each Emirate?

The UAE CT is a Federal tax and will therefore apply across all Emirates

06 What will be the role of the Federal Tax Authority?

The Federal Tax Authority will be responsible for the administration, collection, and enforcement of UAE CT

07 What will be the role of the Ministry of Finance?

The Ministry of Finance will remain the ‘competent authority’ for purposes of bilateral/multilateral agreements and the international exchange of information for tax purposes