VAT Services
VAT Stands for Value Added Tax (VAT) and it is a form of indirect tax. VAT has been implemented in UAE since January 1, 2018.
Businesses in UAE are facing many challenges in regards to handling the VAT and they are looking for the best VAT Services. VAT is applied to all the steps of the supply chain and the end consumer will be the one who will get an impact because of VAT. Businesses in UAE will collect VAT on behalf of the government.
VAT brings a lot of opportunities as well as a lot of challenges with it. Many scenarios of VAT are extremely complex and the companies find them hard to cope with. Taxable Businesses in UAE must obey the law and regulations of the Federal Tax Authority (FTA) to avoid VAT fines and penalties in UAE. The companies are outsourcing the VAT services, through this way the companies will focus on their business goals.
A tax expert who is professionally aware of the laws and rules of the tax system is mandatory for the businesses to guide them. It will assist the business to implement VAT smoothly. A professional tax expert will ensure the tax compliance system, make all the procedures legal and manage records to prepare VAT return filing.
VAT Consultants in UAE
Our experienced VAT experts will help you to run your business smoothly by providing the best and authentic VAT services. Our VAT experts in UAE will understand your business and evaluate the impact of VAT on your business.
Navneet Accounting & Bookkeeping LLC will ensure that all the functions of your business are in line with the laws of the Federal Tax Authority (FTA). Our VAT Agents will ensure complete VAT compliance such as proper VAT invoice format and timely filing of VAT returns and many other operations that will help you achieve your goals.
VAT Implementation in UAE
A business must register for VAT if the taxable supplies and imports exceed the mandatory registration threshold of AED 375,000, the business is liable to pay tax.
Furthermore, a business may choose to register for VAT voluntarily where the total value of its taxable supplies and imports (or taxable expenses) is over the voluntary registration threshold of AED 187,500.