Trusted VAT Consultants & Hassle-Free VAT Registration in Dubai, UAE
What is VAT?
Why do companies require a VAT consultant?
Value Added Tax (VAT) is often referred to as a general consumption tax.
VAT consultant services
for Startups
Start your business journey with confidence. Our VAT consultancy ensures startups comply with tax requirements right from the beginning, setting a solid foundation for future growth.
VAT consultant services
for SME's
Efficient VAT solutions designed to simplify your tax compliance. We help SMEs navigate the complexities of VAT regulations, ensuring accurate filings and minimizing tax liabilities.
VAT consultant services
for Corporates
Optimize your VAT strategy with expert guidance. We provide comprehensive VAT consultancy for corporates, helping streamline compliance and maximize tax efficiency across operations.
Understanding VAT Designated Zones in Dubai
How the New VAT System Impacts Your Business in Dubai?
The new VAT system requires businesses in Dubai to maintain accurate records of their income, expenses, and VAT-related charges. All registered companies must charge their customers a 5% VAT, while also paying VAT on any goods they purchase. This system ensures that the difference between the VAT collected from sales and the VAT paid on purchases is properly accounted for and reported to government agencies.
Businesses can benefit from the expertise of VAT consultants in Dubai to simplify compliance. These professionals assist in navigating the VAT process, ensuring accurate filing, and helping businesses stay aligned with local regulations, reducing the risk of errors or penalties.
Do free zone companies receive separate treatment under VAT laws in Dubai?
The Federal Tax Authority (FTA) has identified specific designated zones within free zones that follow unique VAT provisions. These designated zones have special rules for the supply of goods, such as treating goods supplied within these zones as VAT-exempt. However, services provided from these designated zones are subject to the same VAT regulations as those applied to mainland companies. Typically, services are taxed at either 5% or zero-rated, depending on the nature of the transaction.
For expert guidance on VAT compliance, consider consulting with experienced VAT consultants in Dubai to ensure your business adheres to the latest regulations.
Why Choose IMC
for Your VAT Consultancy Services in Dubai?
Industry Leading Expertise
Our VAT consultants are experts in dealing with taxation and accounting requirements. Our team has the skill set necessary to prepare your company for VAT compliance.
Comply with All VAT Regulations
Our VAT consultants take care of all accounting and compliance concerns, allowing business owners to focus on their operations and other promotion of the company.
Streamlined & Simplified Processes
We’ve simplified and streamlined all the processes for you to make it quick and simple to get your company started.
Dedicated Support
You can always get help and advice, our GRC tool helps us track deadlines.
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Essential Documents
for VAT Registration in UAE
- A copy of the trade license
- Copies of the passports of the business owner and partners
- Emirates ID copies for both the owner and partners
- Memorandum of Association (MOA) and Articles of Association (AOA)
- The company's contact information, including its physical address
- Bank account details
- Monthly income statements for 2017 onward, formatted per FTA guidelines
- Summary of the business nature and activities
- Projected revenue for the next 30 days
- Customs registration information, if applicable
- Emirates ID, passport, and authorization documents of authorized signatories
VAT Filing and Submission
Process in UAE
- Monthly income statements for 2017 onward, formatted per FTA guidelines
- Summary of the business nature and activities
- Projected revenue for the next 30 days
- Customs registration information, if applicable
- Emirates ID, passport, and authorization documents of authorized signatories
VAT Registration Services in Dubai
IMC is a leading VAT service provider in U.A.E. and providing VAT consulting services to many firms.
The companies can use VAT consultants in Dubai to evaluate their financial structure, assess the impact of the VAT and train their staff to handle VAT based transactions.
VAT Consultancy Services in Dubai - FAQ
Does VAT apply to all goods and services?
Whether explicitly excluded or exempted by law, VAT, as a consumption tax, affects most transactions of goods and services.
Has the UAE VAT Law imposed specific requirements on particular sectors?
Yes, most activities performed in the designated zone will receive preferential VAT treatment as it is considered outside the UAE for VAT purposes.
What is the duration for which a taxable person is required to retain VAT invoices?
VAT invoices must be kept for at least five years by taxable persons who produce or accept them.
How is VAT different from sales tax?
VAT and sales tax are both consumption taxes. In UAE, VAT is imposed at every stage, while sales tax is only charged on the final sale. VAT is more sophisticated and helps prevent tax evasion.
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