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VAT Landing

Dubai Trusted VAT Consultants

Abbas Accounting does my books, files the VAT return for me and simply makes me forget about accounting altogether. This allows me to focus entirely on my business. “
Asad Abbas
Co. Team

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VAT Landing 1

Dubai VAT Consultants:  Tax Consultants, registered in UAE is our new arm of professional VAT consultancy, geared up to face the challenges and opportunities due to implementation of VAT in 2018 .

VAT Landing 2

VAT Consultancy

  • Assessing high level VAT impact on all Company’s transactions;

  • Communicating plans and conduct VAT-awareness training;

  • Assisting on the mapping of transactions, accounting entries for VAT returns, Tax adjustments, and tax payment to FTA;

  • Assisting the Company on the transactions (i.e. general and administrative expenses) that should not be treated and recorded as Input VAT;

  • Assisting on the calculation of Tax under the Reverse Charge Mechanism on import of Concerned Goods or Concerned Services (if any);

  • Assisting on the VAT treatment for the supply of goods and services to different Recipients (e.g., transferred to another Emirate, another Implementing states, outside UAE, etc.);

  •  Assisting on the VAT impact between supply of goods and services of Mainland to Designated Zone and vice versa;

  • Advising and supporting the necessary changes in the IT systems and applications (if any);

VAT Registration in UAE

Value Added Tax is imposed on most supplies of goods and services and it is the responsibility of the persons who are supplying these goods and services to register in VAT. These persons are known as “Taxable Persons”. A Taxable Person who is registered in VAT will have a Tax Registration Number (TRN) and is considered “Registrant”. A Taxable Person means any legal or those companies, partnerships, clubs, associations, and so forth or can be natural persons who are the individuals.

A Taxable Person may either be required to register mandatorily or voluntarily. Mandatory registration is applicable for those resident in the UAE having total value of taxable supplies and imports made within the UAE amounting to AED 375,000 or USD 100,000 or more generated for the last 12-months or if the Taxable Person anticipates that the total value of their taxable supplies or imports will exceed AED 375,000 or USD 100,000 in the next 30 days.
Read more on how to accomplish the VAT registration properly, or contact Augusto Dela Cruz (augusto.cruz@abbasaccounting.ae) +971-553891625 so we can support and assist you.

Get a Dedicated Accountant

VAT accounting requires companies to maintain separate records, for the VAT you pay and charge. The VAT law mandates every taxable person to maintain books of accounts, which needs to be kept for a minimum of five years.

Get your VAT filing straight

Your accountant will ensure all records are VAT-compliant and audit-proof. Then, for each tax period, they will file the VAT return for you. No hassle for you and more time to focus on your business.

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