The implementation of Value Added Tax (VAT) was a very big step on the part of the UAE Government, but its implementation was had many advantages to companies. The filing and registration for VAT should be done correctly, and the complete procedure should comply with the Federal Tax Authority (FTA). Many time companies may face problems while filing or registration of VAT and for such times they should consider availing the assistance of JAXA Chartered Accountants
The VAT Compliance services offered by JAXA Chartered Accountants require an examination of all the information provided as by a dedicated expert. This helps the management of a business to know if the company is facing any difficulty in the VAT filing process and also helps in deciding any more information needs to be provided by the company.
VAT Registration Thresholds in the UAE
The first and most fundamental need for registering VAT in Dubai is to determine whether your company meets the below-given criteria for paying VAT.
Mandatory VAT Registration
|Businesses with an annual income of more than AED 375,000 must register for VAT.|
Voluntary VAT Registration
|Businesses with annual revenues between AED 187,500 and AED 375,000 must register voluntarily.|
VAT Registration for Start-Ups
|Registering VAT in Dubai is essential for start-ups with more than AED 187,500 for VAT-related expenses.|
How Can JAXA Help Your Business
JAXA Chartered Accountants comprise of experts and professionals which will help the business to claim and file the correct Value Added Tax. Since the inception and implementation of Value Added Tax (VAT) and all businesses which come under the threshold need to register for VAT and any non- compliance in the matter may lead to penalties of the business. The experts at JAXA Chartered Accountants will understand your business and accordingly provide the best possible solution to the company. For any more assistance about VAT Audit Services in the UAE feel f