VAT Consultancy in Dubai

VAT Consultancy in the UAE

Value Added Tax (VAT) was introduced in the UAE on 1st, January 2018.

A VAT is a tax on the consumption and it is used on Goods and Services at each point of sale. The VAT is a form of indirect tax and is used in more than 180 countries around the world. Every consumer ultimately bears this tax. And it is paid to the Government by the consumer. Since VAT is regulated by the FAT, the applicability of VAT, VAT procedures and VAT rates, differs from state to state. The rate of VAT is 5 percent.

VAT consultants can provide a number of services like VAT registration, VAT return filing, VAT audit, VAT consultation, VAT hearing and many more. And our team of Value Added Tax consultation services is certified & qualified professionals with varied industry experience. We provide the best VAT consultancy service in the UAE.

Our Services Include:

• VAT Registration or Implementation in UAE.
• Preparation of Tax Return
• Taxation and return filling Services
• Recommending changes/updates in your accounting system
• Provide proper training to the staff with respect to taxation

VAT Registration in UAE:

VAT consultancy in Dubai can assist you in this regard.

All organization is required to register in their respective states of operation. Registering for VAT is necessary for enterprises in order to start paying Value added tax. Each trader is given a unique registration number which is used to for all communication regarding VAT and its filing.

• Who should register for VAT?

Any firm turnover of more than 5 lakh per annum is required to register for VAT payment.

• Documents required for VAT registration:

Following in the list of documents that need to be submitted while registering for VAT.

• Copy of PAN card
• Address proof of business
• Proof of identity of promoters
• Additional security deposit or surety
• How much time takes to register for VAT?

Generally, take around 15-20 days to complete the process of registration. This time may differ from one state to another state.

Collection process of VAT Consultant In UAE:

• Account based collection of VAT

Under this account of a collection, sale receipts are not used, instead, tax is calculated on the value added. Value added tax is calculated as the difference between revenues and allowable purchases.

• Invoice-based collection of VAT

Under this process, sale receipts or invoice is used to compute the corresponding VAT. Traders, when they sell goods and services, offer invoice containing separate details of VAT collected.

• Accrual-based collection of VAT

This process under the revenue with the time period during which it is earned and match the cost of raw materials and expenses to the time period during which they were made.

• Cash-based collection of VAT

Cash-based accounting is simpler than accrual-based calculation. Whenever payment is received, that date is recorded as receipt of funds.

Why Choose Dubai Vat Consultancy Service?

Alkhadim LLC is one of the best and well-known VAT consultants in Dubai and consulting service providers in UAE. It’s been over a decade that the firm has been in this business of very efficient VAT consultation and other related services. You will be able to find the best Value added tax expert. Alkhadim LLC VAT Advisory is eager to assist you! They are dedicated to their work and have a clear understanding of clients' expectations and processes to deliver the same. If you are seeking a VAT consultant in Dubai or exclusive value-added tax bookkeeping, then Alkhadim LLC team can certainly help and will take great care of your all accounting needs.

Alkhadim Llc is one of the best and well-known Vat consultants in Dubai and consulting service providers in Uae.