VAT is not a complex subject it just needs extra caution as it is an obligation that one must have to pay if applicable.
VAT compliance includes charging VAT, issuing tax invoices, filing VAT returns, paying VAT due to VAT authority i.e. FTA. VAT compliance is of utmost importance because failure to adhere to these rules can lead to various problems for your business. To ensure that you are doing all that it takes for VAT compliance, it is best to hire a professional. Through ARD accounting, the burden of VAT compliance can be lifted off your shoulders as we will see to it all from start to finish.
- VAT invoices compliance 100% 100%
- VAT records compliance 100% 100%
- VAT returns compliance 100% 100%
VAT was introduced in the UAE on 1 January 2018 with a standard rate of 5%. Businesses must understand the new tax system and comply with the same unfailingly. Since the entire VAT was new and complex for a range of businesses, VAT implementation and compliance services are often required by numerous businesses.
VAT registration & de-registration
For mandatory VAT registration taxable supplies and imports must exceed 375,000/- AED and voluntary registration is optional if taxable supplies and imports exceed 187,500/- AED. If your business falls below threshold or business ceases to exist de registration is a must.
VAT return filing
VAT registered business must submit the VAT returns in the UAE with a prescribed format given by the Federal Tax Authority (FTA) quarterly through an online portal within 28 days from the end of each quarter. It is important to file VAT return to pay your VAT liability and claim any refundable.
What We Offer
Taxation is a complex process for a common business man and needs careful considerations as it involves law and its continuous updates.
We have vast experience in relation to VAT different aspects as we have been in this industry since its inception and we have required expertise after solving many VAT related issues in real time.
VAT penalty reduction
How do we do it?
The process of filing VAT returns begins with the customer sending scanned documents. ARD team will then enter the data into the tax software. Auditing of VAT returns, then takes place, to ensure that the information received is correctly entered and accounted for. In the next stage, the VAT returns are transmitted to the customer for review. When the customer reviews and finalizes the VAT returns, the ARD team would update the client FTA online portal, submit the VAT return and pay the VAT thereof if any.