VAT consultants in Dubai consider all registration procedures, including rule and regulation compliance, tracking governmental norms, policy changes, and much more.
All of this contributes considerably to the seamless operation of VAT procedures with no penalties or errors. This article explains the VAT consultancy services in Dubai, starting with what VAT is.
What is VAT in Dubai, UAE
The VAT is collected on the consumption or use of products and services, and the ultimate bearer of the cost is the end-consumer? The UAE charges 5% VAT on taxable supplies of goods or services at each stage of the supply chain on tax-registered firms. On the other hand, businesses collect and account for VAT on behalf of the government.
Businesses in the UAE must register for VAT in compliance with Federal Decree-Law No. 8 of 2017 on VAT. The VAT applies to tax-registered businesses operating on the UAE mainland and in free zones.
Dubai is considered the heart of the business center at a global level. Dubai's introduction of VAT marked the beginning of a new era in its taxation system.
Let’s have a look at the slabs for VAT registration in UAE.
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Businesses having taxable supplies and imports above AED 375,000 |
Mandated to apply for VAT registration |
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Businesses having taxable supplies and imports between AED 187,500 and 375,000 |
Can voluntarily apply for VAT registration |
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Businesses having taxable supplies and imports less than AED 187,500 |
Not required to apply for VAT registration |
Why Choose JAXA as VAT Consultancy Services in Dubai, UAE
At JAXA, we understand the business complexities of accounting, taxation, and VAT services. The experts at JAXA will understand the working of the business and will provide a customized solution to the business accordingly.
We provide the best VAT consultancy services in Dubai, which include:
- VAT compliance and control
- Filing and payment
- Data recording and management
- Accounting
- Supplier management
- Customer management
JAXA is a platform that has been providing accounting and taxation services to start-ups and established businesses at a global level. We have many satisfied clients at a global reach ranging from small and medium to multi-national businesses. We have provided one of the best VAT consultancy services in the UAE.
You can count on us if you are looking for a VAT consultant. Contact us to initiate your steps toward VAT filing – we’d gladly assist you.