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.
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.
VAT Consultancy Services in Dubai, Sharjah, Abu Dhabi, UAE
Emirates Chartered Accountants Group - Leading VAT Consultants in UAE offering professional VAT Consultancy Services across UAE.
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Pradeep Sai | Partner
Mob: +971 556530001
We have an experienced Tax team who can offer you the best VAT Consultancy Services in the UAE in all aspects of VAT which include:
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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People usually ask
In the UAE, VAT is applicable on services if the place of supply is in the UAE and it applies to all services including consultancy service, management service, advertisement service, etc. As mentioned, taxability is determined based on place of supply rule. So, if service is given in the UAE or given from the UAE, place of supply will be considered in the UAE unless specific exception applies.
We can consider the following to have a simple understanding but there can be changes based on scenarios or exceptions. So, the Tax rate for a service can be determined only by seeing the facts of the case and cannot be generalized.
If service is done in the UAE-by-UAE company: taxability is 5%
If the service is done from UAE to outside UAE: export of service 0%
If service is given from outside UAE to UAE: taxable under RCM
As per UAE VAT Law, exempted supplies are specifically mentioned as bare land supply, local passenger transport, residential property supply (with conditions), and some financial services. So, all other supplies shall be either standard rated (5%) or Zero-rated (0%). So, consultancy service shall be either 0% or 5% based on the transaction nature and not exempted supply.
Consultancy service may attract VAT if provided within the scope of UAE VAT. It may be either 5% or 0% based on the nature of the transaction. For example, a business consultancy given to a resident person in the UAE will be 5% but given to a non-resident may be 0%. The tax rate for a service can be determined only by seeing the facts of the case and can not be generalized.