Value Added Tax (VAT) is a kind of indirect tax applied on the purchase of certain goods and services. It is a general tax system that is being applied in more than 180 countries worldwide including UAE. All businesses must manage VAT obligations in a timely manner. The taxation system has a great impact on the new services offered by any organization as well as a new transaction or changes in the supply-change system. To meet the challenge smartly, it is often encouraged to not rely on in-house advisory expertise but seek professional help to handle the VAT impact. At Al-Saqr, we are a leading vat consultancy in Dubai that offers executive VAT Services to handle all complexities related to VAT.
Due to facilities like the ease of business and a strong connection to the rest of the world trade, Dubai is the favorite place of many investors. Several leading businesses and brands strive to step foot into the lucrative market in Dubai and expand their business enterprises to new horizons. It is also an attractive place for entrepreneurs to launch their new businesses and serve people with their innovative services. To facilitate the business aspirants, the authorities in Dubai launched VAT in 2018 intending to bring more reforms to the system. With the help of a standard 5% rate, the government of Dubai aspires to provide different services and opportunities to the residents and visitors in Dubai. As per regulations in Dubai, the businesses must register for VAT if;
At Al-Saqr, our team of experts also offers reliable support to handle the submission of all taxation including VAT. Contact us at Al-Saqr and get all details about the value added tax in Dubai.
| Step 1 | Step 2 | Step 3 | Step 4 |
| Ascertain the impact of VAT on your Business | Based on the first step, implement changes in the IT system | Offer a tailored approach to adapt to the VAT registration process for each company | Take into consideration of tax applications on imports and exports, exemptions, etc. |
| Make a plan to meet VAT registration criteria | Maintain tax records | Assistance in filing and claiming VAT refunds | |
| Review agreements signed with different stakeholders | Ensure accounts receivable understand input/output VAT payment | General assessment of VAT implications on the business | |
| Offer system analysis comprising IT and accounting systems | Update invoices with relevant information | ||
| Assist in VAT registration with the concerned authority |
With a designated and experienced personnel, we offer extensive guidelines to our clients on all VAT issues. Our team of VAT advisors maintains a focus on all VAT matters to ensure the protection of the concerns and interests of our valued clients. The highly-qualified and dedicated VAT team at Al Saqr offers a wide range of VAT-related services including client-focused advisory services. Our Tax advisory services provide a detailed review of the overall tax situation of an organization and offer exclusive advice according to legal compliance.
Comprising the best team of specialists, Al Saqr offers the most dependable services to businesses to overcome certain complexities related to VAT Laws, audits, accounting systems, management of resources, and so on. Our services are exceptionally helpful for those businesses, especially foreign investors that are unfamiliar with the VAT Laws and Regulations in UAE. Our VAT Services includes;
At Al-Saqr, we aim to ensure the provision of swift and dependable VAT service to all our clients from all sectors of the industry based anywhere in the UAE. We take pride in claiming that our VAT Services involve a transparent and flawless process adhering to all the relevant laws of the land.
Al Saqr is one of the leading Tax advisory and vat consultancy in Dubai. We perfectly understand the purpose and concept of taxation in Dubai and facilitate our clients to meet the requirements set by law of the land. We ensure that your business has met all the VAT requirements such as VAT registration, VAT auditing, VAT return, and so on.
UAE offers many relaxations for visitors and tourists. Apart from mesmerizing views and amazing sightseeing places, UAE facilitates tourists to claim their VAT refund at the airport. During shopping things in UAE, tourists have to pay VAT however, they can reclaim the taxes they have paid upon leaving the country. If you are touring UAE and want to reclaim your VAT taxes, reach out to us at Al-Saqr and we will extend our support in the best possible manner. To facilitate tourists, certain kiosks have been established at the ports and airports all across the UAE. Under the ‘Tax refund for Tourist Scheme,’ these kiosks establish a link with the tourists and retailers to reclaim the funds.
At Al-Saqr, we aim to ensure the provision of swift and dependable VAT service to all our clients from all sectors of the industry based anywhere in the UAE. We take pride in claiming that our VAT Services involve a transparent and flawless process adhering to all the relevant laws of the land.
Al Saqr is one of the leading Tax advisory and vat consultancy in Dubai. We perfectly understand the purpose and concept of taxation in Dubai and facilitate our clients to meet the requirements set by law of the land. We ensure that your business has met all the VAT requirements such as VAT registration, VAT auditing, VAT return, and so on.
UAE is part of a group of countries in GCC that has formulated a policy to introduce VAT charges. The government in UAE formulated the framework for law and the implementation was started in 2018. According to the policy, a basic VATof 5% is applied on several products excluding some sectors such as education, basic consumer goods, healthcare, etc. The VAT tax applies to all residents, non-residents, visitors with a few exemptions such as those businesses operating in free zones.
If you are interested in acquiring more details about further features of VAT law in UAE, reach out to us at (Contact).
The violation of compliance with VAT Law in the UAE leads to certain penalties. To steer clear of heavy VAT fines and penalties in Dubai, it is important to make timely payment of VAT. Every taxpayer in UAE must be aware of the penalties that are to be imposed due to non-payment of Tax returns.
As per different articles of UAE New Commercial Company Law-2 of 2015;
To avoid these heavy fines, we encourage our clients to avail of our professional services. We are a renowned vat consultancy in Dubai that offers comprehensive services to ensure the compliance of any business to the local regulations.
