The Federal Tax Authority (FTA) is the government entity who is responsible for the collection and management of the Taxes. All the legislation including the guides and clarifications are provided by the authority to help the business organizations.
Value Added Tax(VAT) was introduced by the UAE government on 1st January 2018. VAT is an indirect tax that is levied on the consumption of goods and services. The imposition of vat would greatly have an impact on the functioning of the business and with increased risk, volume and complexity of the transactions it becomes difficult for the taxpayers to meet the tax compliance.
Value Added Tax(VAT) was introduced by the UAE government on 1st January 2018. VAT is an indirect tax that is levied on the consumption of goods and services. The imposition of vat would greatly have an impact on the functioning of the business and with increased risk, volume and complexity of the transactions it becomes difficult for the taxpayers to meet the tax compliance.
Since the inception of VAT in UAE, we at Emirates Chartered Accountant Group has been providing continuous professional support to the taxpayers to ensure that they are adopting proper tax procedures and VAT compliance. We can help your business in analyzing your transactions and solving tax disputes.
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 you on the taxability of the transactions and their impact.
We support businesses in the UAE in filing the VAT Return Form 201. All the necessary guidance to reconcile input VAT and output VAT and the computation of tax liability will be checked based on the information to comply with the VAT Law and regulations. Also, the review of the previously submitted VAT returns can be undertaken and suitable guidance can be given in case if any errors or omissions are found.
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 laws and curb illicit tax practices in the economy.
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 number and ensure that the entire process is carried out smoothly.
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. We have our expert professionals who are well versed in UAE Law and procedures to train and equip you on various VAT matters. Our tax experts possess professional experience in various industries from different countries along with international experience.
Vat transaction advisory services are about guiding your business with regard to specific industry transactions. This might be more relevant to companies having complex transactions, products, and branches. Our professionals are up to date with the recent developments taking place and will be able to advise and guide you on VAT matters.
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