VAT CONSULTING
UAE Tax Fundamentals
Why It Is Important Not to Delay
Penalty for late registration after exceeding the mandatory VAT registration threshold.
Late VAT Return Filing
For each VAT return
filed late.
Penalty for late registration after exceeding the mandatory VAT registration threshold.
Late Tax Payment
Charged on the outstanding tax amount.
Our Advantages
01 / Accreditation
02 / Experience
03 / Service
TAX SERVICES
01
VAT
02
Corporate Tax
03
Tax Compliance
Comprehensive Approach
ACCOUNTING
Restoration of Accounting Records
LEGAL SERVICES
Shareholder Disputes and Partner Exits
Powers of Attorney, Wills and Notarial Services
Visa Support
Legal Consultation
F A Q
What Issues Can Be Covered in a VAT Consultation?
We advise on the VAT treatment of sales and purchases, applicable VAT rates, input VAT, imports and exports, tax invoices, place-of-supply rules, and other VAT matters arising in the company’s activities.
How Do You Determine Whether VAT Applies to a Specific Transaction?
The nature of the transaction, place of supply, status of the parties, and other relevant circumstances must be considered. We review the documents and the actual transaction model to determine the applicable VAT treatment.
Can You Review the VAT Treatment a Company Is Already Applying?
Yes. We can review the company’s current VAT accounting approach, supporting documents, and individual transactions, identify potential risks, and recommend corrective actions.
Do You Advise on Input VAT?
Yes. We assess the company’s entitlement to recover or deduct input VAT, verify the required supporting documents, and review whether the expenses relate to taxable business activities.
What Should a Company Do If It Discovers a VAT Accounting Error?
First, the nature of the error, the period in which it arose, and its impact on the company’s tax obligations must be determined. After analysis, the appropriate correction method and next steps with the FTA can be selected.
