VAT

Value Added Tax in UAE [VAT in UAE]

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. 

If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. VAT is used in more than 180 countries around the world. All OECD countries except for the US have VAT (or a variation). While it feels exactly the same as a general sales tax to end-consumers, VAT is a more sophisticated tax and overcomes many challenges that affect the general sales tax.

Value Added Tax avoids the cascade effect of sales tax by taxing only the value added at each stage of production. For this reason, throughout the world, VAT has been gaining favor over traditional sales taxes. Value Added Tax is assessed and collected on the value of goods or services that have been provided every time there is a transaction (sale/purchase). The seller charges VAT to the buyer, and the seller pays this VAT to the government.

Value Added Tax was introduced in UAE from 2018 based on the GCC Common VAT agreement signed by all the GCC members.  

VAT Consultancy Services we offer:

We have an experienced Tax team who can offer you the best VAT Consultancy Services in the UAE in all aspects of VAT which include:

VAT Advisory Service

We offer relevant advisory services according to the industry needs to find suitable solutions. As your advisor, we can provide VAT advice on the transactions and guide

VAT Return Filing Service

We support businesses in UAE for filing the VAT Return Form 201. All the necessary guidance to reconcile input VAT and output VAT and the computation of tax liability

VAT Registration

Tax Audit refers to an independent examination of books of accounts and various tax records of a tax registrant by respective authorities in order to ensure proper compliance of tax

VAT Deregistration

VAT Deregistration can cost your business if the application is not submitted within the time frame. We can assist your business in applying for the cancellation of the tax registration

VAT Training

We offer customized and tailor-made training services to individuals and corporates on VAT Law and regulations to ensure that you are dealing with VAT correctly.

VAT Transaction Advisory

Vat transaction advisory services are about guiding your business with regard to specific industry transactions. This might be more relevant to companies