VAT Services in UAE
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Maxims Auditors and Consultants: Your Reliable Source for Comprehensive VAT Services in UAE - Including Registration, Return Filing, Refund, Penalty Reconsideration & More .
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What is VAT?
Value Added Tax was introduced in the UAE in January 2018. The standard rate of VAT in the UAE is 5%, which is applicable to most goods and services. However, some goods and services are exempt from VAT, while others are subject to a zero rate. VAT-registered businesses charge and claim back VAT on sales and purchases.The Federal Tax Authority (FTA) is the entity responsible for administering VAT in the UAE.UAE businesses register for VAT on FTA portal and receive compliance support.Compliance with VAT regulations is vital for businesses in UAE to avoid penalties.
VAT Registration services
We assist with VAT registration to ensure compliance.VAT Registration in the UAE is a mandatory requirement for businesses that carry out taxable activities within the UAE and whose taxable supplies and imports exceed the mandatory registration threshold of AED 375,000. Businesses that are registered for VAT must charge VAT on taxable supplies of goods and services at the applicable rate and file periodic VAT returns with the Federal Tax Authority (FTA).
VAT De-Registration services
VAT De-Registration is the process of cancelling a business’s registration for Value Added Tax (VAT)Business deregistration for VAT can occur when annual turnover falls below registration threshold.The process of de-registering involves the submission of a de-registration form to HMRC, and the cancellation of the business’s VAT registration.If your business is no longer liable for VAT, Maxims Auditors and Consultants can assist with the de-registration process.
VAT Return Filing services
Our experts can assist with the timely and accurate filing of VAT returns, ensuring that your business stays compliant.By filing a VAT return, a business informs the appropriate tax authority of the value added tax (VAT) it has collected from consumers within a specified time period as well as the VAT it has forked over on supplies of products and services. Making sure that the business has paid the appropriate amount of VAT is the goal of filing a VAT Return.
VAT Refund Application services
We help with VAT refund applications for timely and efficient processing.UAE FTA provides an online portal for VAT refund applications.The portal allows businesses to apply for a refund of the VAT they have paid for purchases of goods and services. Through the portal, businesses can submit their refund applications, track the status of their applications, and receive their refunds.
VAT Authority Updation services
Maxims can help you keep your VAT records up-to-date with the latest regulations and ensure that you remain compliant.VAT Authority Updation in the UAE is a process that facilitates the registration of businesses for Value Added Tax (VAT) in the UAE. Online portal for VAT registration and information changes. It also enables businesses to view their VAT liabilities and payments.
VAT Penalty Reconsideration services
We help with VAT penalty reconsideration to ensure fair resolution.VAT Penalty Reconsideration in UAE reviews and reduces VAT penalties for law breaches. The process involves submitting a detailed reconsideration request to the FTA.Along with any supporting documents and evidence.To demonstrate why the penalty should be reconsidered and potentially reduced.
VAT Voluntary Disclosure services
We aid voluntary disclosure for businesses to fix errors and comply with regulations.UAE’s VAT Voluntary Disclosure program encourages taxpayers to disclose any underpayment or non-payment of VAT.Businesses can rectify VAT errors without penalties through voluntary disclosure.
VAT Advisory services
Our experts provide comprehensive VAT advisory services to ensure that your business stays compliant and can make informed decisions.UAE VAT Advisory helps businesses comply with VAT regulations.We provide guidance on VAT registration, return preparation, impact on operations, and audit management.VAT advisory and business valuation services in UAE can also give recommendations on how to maximize revenue and minimize VAT costs.
Benefits of Maxims Auditors and Consultants VAT Services in UAE
✨ Expert guidance: Our team of experts has extensive experience in VAT regulations and provides comprehensive services to ensure compliance.
✨ Hassle-free registration:We assist with hassle-free VAT registration to ensure compliance with regulations.
✨ Accurate return filing: Our experts can assist with the timely and accurate filing of VAT returns, ensuring that your business stays compliant.
✨ Eligible refund recovery: We assist with VAT refund applications for eligible businesses to ensure timely processing.
✨ Up-to-date records: We can help you keep your VAT records up-to-date with the latest regulations and ensure that you remain compliant.
✨ Penalty reconsideration: Errors, and assist with VAT penalty reconsideration for fair resolution.
✨ Voluntary disclosure assistance: We help with voluntary disclosure for businesses to comply with regulations by fixing past errors.
✨ Peace of mind: Our VAT services ensure your business complies with regulations for peace of mind.
Why choose Us
Timely and accurate services
We provide timely and accurate VAT services, including return filing and refund application, to ensure that your business stays compliant.
Tailored solutions
Customized VAT services provided to ensure compliance with the latest regulations for your business.
Expertise
Our UAE VAT experts have extensive knowledge of the latest regulations and compliance requirements.
Cost-effective solutions
We offer cost-effective VAT services that minimize administrative burdens and costs.
Hassle-free process
We handle VAT administrative tasks for you, allowing you to focus on business growth.
Our Services
Frequently Asked Questions
VAT, or value added tax, is a tax on the value added to goods and services during production and distribution. In the UAE, VAT was introduced in 2018 and has become a crucial aspect of business compliance.
Maxims Auditors and Consultants offers a range of VAT services in the UAE, including VAT registration, de-registration, return filing, refund application, authority updation, penalty reconsideration, voluntary disclosure and advisory services.
A business with taxable supplies and imports in the UAE that exceeds the mandatory registration threshold of AED 375,000 is eligible for VAT registration.
The process for VAT return filing in the UAE involves calculating the VAT due, completing the VAT return form, and submitting it to the Federal Tax Authority (FTA) by the due date.
