The Benefits of VAT Return Filing: Why You Should Do it?

Filing your VAT return is an essential part of compliance in the United Arab Emirates. If a business wants to avoid any penalties, it should be compliant with the Tax Authority. VAT Return Filing in UAE can seem like a daunting task, but there are plenty of reasons to do it. Not only will you save time and money, but you’ll also reduce stress and improve your accounting practices. Keep reading to learn more about the benefits of filing your VAT returns!

Save Time

When you file your VAT return, you’ll no longer have to keep track of all your receipts and invoices. This can save you a significant amount of time, which you can then use for other tasks. You can spend more time on other tasks that are truly worth it instead like family dinner or catching up with friends over drinks at happy hour later.

Save Money

Filing your VAT return can also help you save money. When you file your return, you’ll be able to take advantage of tax deductions and credits that you may not have been aware of. This can help reduce your overall tax bill, meaning you’ll keep more of your hard-earned money.

Reduce Stress

When you file your taxes, the stress level goes way down. You won’t have to worry about getting caught by FTA (Federal Tax Authority) Inspections because they are so thorough and penalties for non-compliance are severe!

Improve Accounting Practices

Filing your VAT return can also help improve your accounting practices. When you have to track down receipts and invoices, it’s easy to lose track of some of them. This can lead to inaccuracies in your records. Filing your return electronically can help you avoid this problem by keeping all your information in one place.

Get A Refund

In some cases, filing your VAT return can actually result in a refund. If you’ve overpaid your taxes, you may be entitled to a refund. This money can then be used to pay down debt, save for a rainy day, or splurge on a new pair of shoes.

Avoid Penalties

If you don’t file your VAT return on time, you may be subject to late fees and penalties. These can add up quickly, so it’s important to file your return as soon as possible.

Improve Cash Flow

VAT Return Filing can also help improve your business’s cash flow. When you know how much tax you owe, you can budget accordingly and make sure you have the money on hand when it’s time to pay. This can help you avoid costly overdraft fees or bouncing checks.

Sleep Better At Night

Filing your VAT return is the best way to ensure compliance with all applicable laws and regulations. You will sleep easier knowing that you’re in accordance, giving yourself peace of mind as well!

Spend More Time On Other Tasks

As we mentioned before, VAT Return Filing can save you a significant amount of time. This extra time can then be spent on other tasks, such as growing your business or spending time with family and friends.

Have Peace Of Mind

Knowing that your VAT return is filed and up-to-date can give you peace of mind. You’ll no longer have to worry about it, which can free up mental space for other things.

VAT Return Filing has plenty of advantages, so there’s no reason not to do it. If you’re still not convinced, talk to your accountant or tax advisor to learn more about the benefits of filing your return. They’ll be able to help you get the most out of this process and make sure you’re taking advantage of all the tax deductions and credits available to you.

Final Thoughts: Filing your VAT returns can bring a number of benefits to your business. It can save you time and money, reduce stress, improve accounting practices, get you a refund, avoid penalties, and improve cash flow. VAT Return Filing returns may seem like a daunting task, but it doesn’t have to be. With the help of an accountant or bookkeeper, you can file them quickly and easily every quarter. So why not give it a try? You may be surprised at just how beneficial it can be for your business. Have you filed your VAT returns in the past? What were your experiences? Let us know in the comments below.

BestaxCA Provides Exclusive VAT Services in UAE

The United Arab Emirates government released value-added tax (VAT) on taxable supplies and imports with a 5% VAT rate. The VAT law has been enacted from 1st January 2018 on the mainland and free zones of UAE. Each taxable firm operating in Dubai, Sharjah, Abu Dhabi and other Emirates must take VAT services in UAE. Individuals and corporations who do not comply are subject to heavy fines and penalties. Moreover, this VAT eligibility assessment is a prerequisite for both exempted and non-exempt organizations as proof to FTA. 

VAT compliance is a set of multiple VAT services which includes registration or de-registration, return filing, refund submission, voluntary disclosure and auditing services. BestaxCA, the leading accounting firm in Dubai, is one of the best organizations that can provide all these VAT related activities under one roof. A team of expert tax advisors has extensive knowledge and experience of VAT services in UAE. Below, you will find an in-depth description of each of our services, so you can discover what makes us the best VAT consultancy in Dubai.

1- VAT Registration

VAT registration is an online procedure on the official portal of the Federal Tax Authority (FTA). They ask you for valid information about the applicant, stamped and verified documents, and many other requirements. Almost all VAT registrations take 1-2 weeks for approval, however, if the information is incorrect, the application could be delayed, rejected, and penalized. To get rid of all nuisance, you must outsource our your VAT registration services in Dubai, which assist you in the following ways:

  • Examine your business and its activities.
  • Assist you in Creating an E-Service Account.
  • Detail Information About the Applicant and Company.
  • Getting you Ready for all VAT-required Documents.
  • Secure you from Late-registration VAT penalties.
  • Follow up until the VAT Application is Approved.

2- VAT Return Filing

The VAT return filing is totally dependent upon your annual turnover on the supplies of goods and imports. Within 28 working days, all VAT registered businesses operating in the United Arab Emirates, must comply with their VAT return filing. Let’s explore our VAT services in UAE for return filing.

  • Review of all your VAT documents e.g invoices and contracts.
  • Assure well-maintained financial records and transactions.
  • Comply with all FTA laws and legislations.
  • Analyze all processes and recommend necessary changes.
  • Validation of eligibility for input VAT claims.
  • Claim the maximum amount of input VAT.
  • The filing of VAT returns before the deadline.

3- VAT Refund Submission

The VAT refund application can be submitted to the Federal Tax Authority when the input tax is greater than the output tax. This procedure helps individuals and businesses to refund their net VAT by fulfilling specific requirements. Bestax Chartered Accountants facilitates you with these below-mentioned VAT services in UAE to refund your tax:

  • Examine the eligibility criteria for the VAT refund.
  • Full Assistance in preparing VAT refund application.
  • Review all documents and information as per FTA requirements.
  • Provides solutions to all the queries from FTA for repayment.
  • Follow-up until your VAT Refund application is submitted.

Get more information about VAT read this Article: Everything you need to know about VAT

4- VAT Voluntary Disclosure

If there was a calculation error that resulted in the payable tax being less than the required AED 10,000. In that case, an individual or business may submit the VAT voluntary submission within 28 working days. Failure to comply with FTA deadlines for VAT voluntary disclosure may result in heavy fines and penalties. Although Our qualified accountants help taxpayers with the best VAT services in UAE for voluntary disclosure.

  • Deeply analyze your business records and financial accounts.
  • Identification of errors in payable tax.
  • Review and submit all required documents for voluntary disclosure.
  • Aware of penalties if they do not comply with voluntary VAT disclosure.
  • Providing follow-up assistance until the VAT voluntary disclosure has been approved.

5- VAT De-registration

The VAT de-registration means the cancellation or deactivation of tax registration number. The taxable person may apply for this, if he/she falls under the specified criteria for VAT de-registration.  In this case of non-compliance with VAT de-registration, an individual or corporation may attract the penalty of AED 1000 each month delay. That’s the reason we will guide you in de-registration VAT services in UAE, to ensure a smooth submission of application:

  • Assessment of the eligibility criteria for VAT de-registration.
  • Safeguard your earnings from FTA penalties.
  • Review all documents to save you from unnecessary delays.
  • Submit your VAT de-registration application as per FTA standards.
  • Follow up assistance from FTA

6- VAT Penalties Reconsideration

The UAE government gave much relief to businesses to generate and secure their profits. For that, the Federal Tax Authority (FTA) introduced these VAT reconsideration penalties. This law waives fines, if a business fails to comply with VAT registration, VAT return payment, VAT voluntary disclosure and other VAT non-compliance activities. Any taxpayer submits their application for VAT reconsideration within 20 working days of being penalized. The Bestax Chartered Accountants fully assist you in VAT services in UAE, like here:

  • A comprehensive investigation of each case.
  • Guide clients about required information and documents.
  • Prepare your VAT reconsideration application as per FTA standards.
  • Our VAT consultants gave give their best to prove your case.
  • Verify that all supporting points are completed before submission.
  • Follow-up with the authority on the status of the application.

7. VAT Audit Services

VAT audit is mandatory in the United Arab Emirates, to ensure FTA that business is complying with all VAT laws. As per the VAT Decree law, each tax registered business must be notified before 5 days of auditing by FTA. It’s like an accuracy test of your accounting records and transactions. Our following VAT services in UAE assist you in the comprehensive audit:

  • Prepare your financial statements, payments, invoices, and record-keeping.
  • In-depth VAT health check-up.
  • Implement advanced software for VAT compliance.
  • Analyze errors in existing records and provide solutions.
  • Provide all company details under the deadline.
  • Ensure and implement FTA defined standards for Auditing.
  • Presenting case on your behalf before FTA Auditors.

Bestax Chartered Accountants Committed You:

BestaxCA is providing the best VAT consultancy services in Dubai, with over 15 years of successful experience. Our team of qualified chartered accountants and tax advisors is committed to providing accounting solutions. We believe in the following values for our national and international clients, such as:

24/7 Services
After-Sale Support
Reliability and Integrity
Cost-effective Charges
Excellence in Services
Valuable VAT Solutions

Now that you have found the best VAT services in UAE, don’t waste more time and contact our tax advisors today.

Call:         +971 56 7981808


How to Apply for VAT Registration in UAE 2022

UAE belongs to the GCC group and promises to implement all necessary tax policies to ensure investors that setting up a business in UAE is a worthwhile endeavor. The important announcement is that all companies operating in the United Arab Emirates must record their financial records and transactions to obtain VAT compliance as per FTA standards. Value-added tax (VAT) is a type of consumption tax, which is implied in almost 150 countries around the globe. The VAT is subjected at each stage of the supply chain that is bought and sold. The relevant authorities and the Ministry of Finance imposed several VAT laws and regulations on taxable businesses. There is a specified threshold or turnover limit required to apply for VAT registration in UAE.

Purpose of VAT

The VAT was implemented on 1st Jan 2018 in the United Arab Emirates. This indirect tax is collected for increasing the government budget. That ultimately benefits the residents in the form of public services and facilities. VAT aims to stabilize the economy of the country and provide advantages to the citizens of UAE. Thus, the Emirates governments implement fair VAT legislations on each eligible individual and business. Before this, UAE Federal was dependent upon the income generated by oil and carbohydrates, but this 5% VAT rate proves a new source of income for the government.

Does VAT Subject to All Types of Businesses?

The value-added tax is implied on businesses operating on the mainland and in the free zones of UAE. Taxable businesses that meet the minimal turnover threshold requirement can apply for VAT registration. Here are the list of List of Documents Required for VAT Registration in UAE.

  • The UAE cabinet stated that if the taxable supplies and imports of the business crossed the threshold of AED 187,500 in the last twelve months, then they can claim for voluntary VAT registration in UAE.
  • If a business’s turnover exceeded the threshold AED 375,000 in both taxable supplies and imports, then mandatory VAT registration is required.

A Complete VAT Registration Procedure in UAE

The VAT registration procedure in UAE is not so simple, as you need expert guidance and information regarding your financial transactions to be successful. It is essential for tax registered businesses to calculate the VAT that they charge to consumers and the VAT paid to the government regularly. Although this step-by-step process helps you with VAT registration services in Dubai, just follow them:


Set up an e-Services account on FTA Portal

The foremost step is to create an e-service account or login into an existing account on the official Federal Tax Authority website. The creation of an account is not difficult as it is similar to other social media platforms. It just asks you some basic and valid information such as:

  • Enter your email address, a strong and unique password, fulfill security code and question, complete alphanumeric test and lastly agree to terms and conditions.
  • After clicking the “Sign up” button, a message is sent to your registered email address asking you to verify your email address within 24 hours.
  • Finally, your e-service account is created and you can login with your username and password.

Provide accurate Information and Documents

In your official FTA account, you noticed a button in the dashboard seen as ‘Register for VAT’. Once you click on that, you will get a complete ‘Getting Started Guide’ on value-added tax. This comprehensive guide will assist you with the documents required for VAT registration procedure in UAE. There is specified information and documents required for VAT registration UAE. Below we mention them briefly:

  • Information and details about the applicant
  • Contact details of the company.
  • Bank account details.
  • Business relationships.
  • About VAT registration
  • Declaration
  • Review and submission.

All of these should be valid and authentic otherwise the application may be rejected, delayed, and penalized. In the case of any further details required by FTA, the applicant will receive an email notification.

Amending the Approved VAT Registration Form

If a company’s tax records change during the registration process for VAT, this additional benefit is available to them. The applicant may update the records within 20 working days of occurrence. You must inform FTA about your amended tax records.
Simply click on the ‘Edit’ or ‘Amendment’ button, to update the below-mentioned information.

  • Business activities of the applicant section
  • GCC Activities section
  • Customs Registration Information section

In this process, FTA may ask you for more details to approve the amendments in your VAT application.

What are the VAT Registration Fees in UAE?

The VAT registration procedure in UAE is free because it is all done online on the official portal of FTA. To request an attested registration certificate, the applicant must pay Dhs500.

Late Registration Penalty Payment

In the United Arab Emirates, the Late Registration Penalty Payment is AED 10,000 according to Cabinet Decision No. (49) of 2021. So, it is always advisable to register within the deadline of 20 days for crossing the mandatory threshold VAT registration in Dubai.

Professional VAT Registration Services in Dubai

VAT registration services are mandatory for all taxable businesses operating in Dubai. The above-mentioned points and details help business owners, CFOs, and CEOs in VAT registration in UAE. Although, a little bit of inaccuracy in your VAT application can lead to delays and heavy fines. The best possible solution is to outsource VAT registration services in Dubai and get your business VAT compliant under FTA standards.

Next Article: How do you Get the Best VAT Consultants in Dubai?

List of Documents Required for VAT Registration in UAE

Documents Required for VAT Registration in UAE

Value Added Tax (VAT) is levied on all the stages of the supply chain to boost the economy of countries. Developing countries in the Gulf Cooperation Council have recently registered themselves under VAT laws and implemented them on January 1, 2018, with a VAT rate of 5%. All taxable businesses operating in UAE must register themselves under the VAT legislations stated by Federal Tax Authorities (FTA). There are certain types of information and documents required for VAT registration in UAE and to get the Tax Registration Number (TRN) for the business. In this article, we will discuss some essential conditions that should be fulfilled for VAT compliance in Dubai. 

Obligations for VAT Registration in UAE

According to UAE authorities, VAT registration applies to ALL business activities conducted by the registered individual. A person operating a business in UAE can register for VAT, not the business itself. Although the person can be an individual such as a sole trader, a legal person,  or another form of entity such as a charity, club, partnership, and trust. You must provide information regarding the person that is going to be registered, and their intended business activities, when applying for VAT registration.

VAT compliance helps businesses operating in the UAE to improve their stability and goodwill. With a valid VAT invoice, you are eligible to claim VAT refunds on all goods and services.

Mandatory vs Voluntary VAT Registration

The basic difference between voluntary and mandatory VAT registration in UAE is depending upon the revenue generated from the business taxable supplies and imports. 

Voluntary Registration: Businesses and individuals who have crossed or expect to cross the voluntary threshold of AED187,500 in the past 12 months are eligible for voluntary VAT registration.

Mandatory Registration: Any entity exceeding the mandatory threshold limit of AED 375,000 must register for VAT within 20 working days of doing so, anyway a late VAT registration penalty of AED 10,000 will be imposed.

List of Documents Required for VAT Registration in UAE

In order to register for VAT by the Federal Tax Authority, an applicant must submit various documents and information (in English and Arabic). Incomplete or incorrect registration can lead to a significant delay in the registration process. Here we will mention the documents required for VAT Registration in UAE such as:

  1. A copy of the trade license
  2. Passport copy of business partners and owner who owns the trade license.
  3. Copy of Emirates ID of the business owner and partners. 
  4. Memorandum of Association (MOA) of the company
  5. Company valid contact details (P.O box, Physical & mailing address)
  6. Complete details of the company’s bank account. 
  7. Income statement or turnover declaration for the last 12 months
  8. The nature of business and activities performed.
  9. Contact details of the concerned person. (Phone number, Email address)
  10. The expected revenue and expenses for the next 30-days after completing the VAT implementation.
  11. Does the business deal with the customs department? In that case, attach the customs letter.
  12. Are they dealing business in exporting or importing?
  13.  The company is in any GCC country, then mention the country name.
  14. Details about expected exempt supplies.
  15. Provide a complete list of all business owners or partners in UAE by attaching the trade license within the last 5 years.

VAT Registration of a Tax Group

A tax group is made up of two or more legal entities, each of which must be resident in the UAE and meet certain control criteria. Tax groups can also be formed by multiple businesses of different natures. The Federal Tax Authority (FTA) dictates that if a person holds more than 50% shareholdings in more than one company, he may form a tax group for all companies, and the FTA will give the individual a single tax identification number for all the companies in the tax group.

 It will also be necessary to complete a separate Tax Group registration application. After your group application is approved and accepted, you will be given a TRN.

What Happens after your Business is VAT Registered? 

After submission of the VAT registration application in accordance with the FTA standards, you will be allocated a Tax Registration Number (TRN). It takes almost 2-3 weeks and helps businesses to secure their transactions.

How do Startups Take VAT Registration Services?

If you planning a business in Dubai or anywhere in the United Arab Emirates at a small, medium, or large level, it’s essential to get your taxable business registered under VAT laws. Being a startup, you must appear to your potential customers that the business is complying with all tax policies and legislations. This may also ensure other traders that you are trusty and profitable business partners. Each startup business must assure the following guidelines for VAT compliance in UAE.

  • VAT eligibility assessment for individuals and businesses.
  • Get ready for the online process of application on the official portal of FTA.
  • Prepare a list of information and documents required for VAT registration.
  • Answering the follow-up questions until the TRN is issued.

Get Expert VAT Consultancy Services in Dubai

Many individuals or businesses are stuck in various VAT services in Dubai due to the extensive list of VAT services. If you are in the same situation, then Bestax Chartered Accountants provides exclusive VAT consultancy services in Dubai by understanding your business model for VAT compliance. We have a team of expert VAT consultants that assist you in preparing and executing all VAT-related concerns.

It includes preparation and submission of VAT invoicing, VAT registration, VAT return filing, VAT refund submission, voluntary disclosure, VAT de-registration, and VAT audit services. For more information, get in touch with us.

Phone Number      +971 56 7981808
Email Address

Next Article: Anti Money Laundering Laws and Penalties in the UAE

How to Register VAT for Freelancers in UAE?

Do you want to Register VAT for Freelancers in UAE? The UAE regulators have levied new rules and facilities for individuals and corporates for VAT compliance. A number of measures have been taken to ease the working platform for freelancers in the Emirates. It was announced in November 2020 that Abu Dhabi would issue freelancer visas. This visa opens the opportunity for freelancers to manage and legitimate their business accounts in the United Arab Emirates.

That’s why it’s mandatory to VAT Register in UAE after meeting the specified criteria of FTA. In the case of not fulfilling the VAT requirement, a self-employed individual may face serious consequences. That’s why freelancers need to register themselves for VAT compliance in Dubai.

Is a Freelancer Subject to VAT Registration?

The UAE legislation defined a threshold for freelancers which specifies whether they are subject to VAT registration or not. The first step is to analyze the eligibility of VAT for freelancers in UAE. The authorities divide this into three categories according to the taxable revenue generated, which includes all imports, exports and charge supplies:

  • The freelancer is exempted from VAT registration if the taxable supplies are less than 187,000.
  • Voluntary VAT registration is applied to individuals if the taxable supplies are between AED 187,000 to AED 375,000.
  • VAT registration is mandatory if the taxable supplies are higher than AED 375,000 in the last 12 months.

Procedure for VAT Registration UAE

Many taxable freelancers do their business independently and generate handsome incomes, but are stuck on how to register for VAT in UAE? There is a lengthy but simple process for resident and non-resident freelancers. These five steps need to be followed for VAT registration UAE.

Applicable to VAT

The foremost step is to analyze whether a self-employed individual is fulfilling the above-mentioned VAT threshold for registration. If the freelancer meets the criteria for VAT registration, then he will move forward to the next tax compliance.  

Get a Trade license

To be eligible for VAT registration, the freelancer must obtain a trade license in the United Arab Emirates. There are multiple free zones in UAE that provide freelancing licenses at an affordable price. A permit isn’t granted until the employer gives his permission. Basically, the company wants to make sure the freelancer doesn’t compete with the company’s policies. Please also note that an individual may still fall under VAT compliance even if he doesn’t have any trade license and is making taxable supplies e.g earning rental income from commercial properties. 

Freelancer online Registration

The VAT registration process is carried out online. Once the freelancer has obtained the required license or meets the registration criteria, he or she will need to register for VAT at the Federal Tax Authority website. Freelancer needs an official FTA account to start the registration process. After login, it requires some legal documents such as:

  • Passport and a copy of the Emirates ID
  • Incorporation Certificate
  • Trade license
  • Memorandum of Association (MOA) / Articles of Association (AOA)
  • Description of Business and financial Activities
  • Bank account information
  • Sponsorship agreement (if applicable).
  • Past Revenue details (for 12 months)
  • Revenue future projections.

Keep all records & Bookkeeping

A freelancer should take this step, even if he or she is not eligible for VAT registration. The freelancer will be able to utilize it when any authority requires VAT documentation or records in the future.

It might help you to prepare the invoice in a particular manner, sequence, and format. This is also necessary to disclose the total cost and the additional VAT separately. Thus, you will have to maintain your books and keep track of all financial records on a regular basis. 

VAT Return File

VAT filing in UAE is required every quarter or monthly (in case of taxable supplies more than 150M per annum) within the stipulated deadline to save your business from heavy fines and penalties. The freelancer should submit an accurate VAT return file otherwise authorities may take serious actions. He or she necessarily needs to calculate the Total Output Tax (tax you collect from customers) and the Total Input Tax (tax you paid to suppliers and net them). 

Hidden Benefits of VAT Registration for Freelancers:

Freelancers are doing their business independently and generating high profits. To secure this earning they must abide by tax obligations to minimize the risk of penalties. By registering for VAT it gives customers a good impression and it may also enable you to recover VAT paid to suppliers which would otherwise have been a cost if not registered for VAT. The freelancers also have some hidden benefits of VAT registration UAE.

Management of Accounts

The UAE’s government authorities equally focus on enterprises and individuals for VAT compliance to stabilize the economy. VAT-registered freelancers get many advantages such as they can appropriately manage accounts and grow their business. This bookkeeping might ensure their clients about the authentication of services offered. In addition, the VAT registration Service in UAE is helpful when FTA inspects a freelancer account. Thus, VAT compliance proves a secure wall against penalties.

Obtain TRN Number

After getting registered for VAT, the freelancer gets a Tax Registration Number (TRN) which they mention on each invoice. Self-employed individuals must show their VAT invoices with an accurate TRN, serial number, and cost of services. It will secure a freelancer business in the United Arab Emirates. 

Stay out of Administrative Penalties

Not having been registered for VAT may cause some problems for the freelancer in the form of administrative penalties and fines. Therefore, if coming under the registration scope as per VAT Law, it is required to register for VAT in UAE to avoid potential risks.

Get the Complete VAT Compliance in Dubai 

UAE is a secure business hub for individuals and corporations if they comply with legal obligations. In the past few years, many freelancers have remarkably grown their business in Dubai, but do not understand the VAT importance. Dubai tax savings for online freelancers and consultants can be significant if they are well-versed with the VAT laws in the UAE. Multinationals easily handle their tax compliance with professional financial officers, but self-employed individuals fail to comply with these laws. That’s why they faced multiple issues. So, it’s a bit of friendly advice that before you start working in the UAE, you must be well-versed with the VAT laws in the UAE.

The best solution is to take assistance from a tax advisor for complete VAT services in UAE. The Bestax Chartered Accountants and VAT consultants guide freelancers in each step of registration as per FTA standards.

How do you Get the Best VAT Consultants in Dubai?

VAT stands for value-added tax, a general consumption tax that is imposed on all the stages of production and distribution. VAT is adopted by more than 160 countries in the world and the United Arab Emirates is one of them. In 2018, the regulatory authorities officially announced that each taxable business in UAE has to do VAT compliance. As a result, companies face a lot of trouble in managing their value-added tax as per Federal Tax Authority standards. Because they don’t have tax experts who will help them with VAT registration, submission, VAT return filing, and many other activities. If any business fails in VAT compliance, the authorities charge them in the form of fines, penalties, and license suspension.

Thus, it is advisable to choose the right VAT consultants in Dubai and avoid potential errors. You just need to put a little effort into reading this guideline to find an efficient VAT consultancy Services in Dubai for your business.

What are the Reasons that you need a VAT Consultancy Services in UAE?

VAT is a relatively new idea in UAE, and business owners did not know how to handle VAT compliance tasks on their own. Also, they are not aware of the latest updates of FTA for value-added tax in the UAE. Consequently, they require an expert opinion that professionally support the companies in calculating VAT. Here we have the following essential reasons why you need a VAT advisory Services in Dubai

  • Error-free VAT Compliance
  • Time and Cost-effective
  • Implement Latest FTA Regulations
  • Accurately Maintain VAT Records
  • Minimize the Risk of Penalties
  • Technical Support for Businesses
  • Provide Training to Employees
  • Hands-on Expert Knowledge of VAT
  • Guarantees Success in VAT Compliance

Best Ways To Choose Best VAT Consultants in Dubai

At this point, it is crystal clear that VAT consultancy in Dubai is not an option, but a requirement to comply with relevant regulations for your business. The foremost step is to search for an expert VAT advisory that best fits your business objective. However, we discuss key elements for selecting a VAT consultancy firm in Dubai, such as:

Qualified, Certified, and Experienced VAT Advisory

At the first stage, you should consider the qualification of VAT consultants in UAE, which must be ACCA, CA, CPA, ICAEW and other certified Chartered Accountants in UAE. The team must have top-notch expertise, skill and relevant experience in the field of VAT advisory and other tax-related services in Dubai. Also, you may acquire which major industries the advisory worked for VAT compliance. Mostly, this type of information is mentioned on the official website of the company. If not, the business owner can directly ask about it and select the finest service. Due to their expertise in VAT, they can also assist you with implementing VAT solutions based on all the latest updates from the FTA.

Offers A Wide Range of VAT Services

VAT compliance is a combination of extensive services which includes preparation and submission of VAT invoicing, VAT registration, VAT return filing, VAT refund submission, voluntary disclosure, VAT de-registration, and VAT audit services. While selecting a VAT consultancy firm in Dubai, they should offer this wide range of services.

In the future, when companies have to present their documents to the FTA, these precautionary measures will help you avoid troubles during FTA Tax Inspections. Furthermore, these professional VAT service providers will facilitate the FTA on your behalf.

A Reputable and Licensed Firm

Choosing a firm for VAT consultancy in Dubai is very critical because regulators are so strict in imposing penalties in case of violation of the tax laws. That’s why companies always look forward to a reputable and licensed accounting firm in the United Arab Emirates. It assists businesses in handling VAT compliance as per the organization’s financial goals and they promise top-notch services to maintain their goodwill in the market.

Getting VAT services from an unlicensed firm is illegitimate in the UAE, also it negatively impacts your business and its stakeholders. So, it’s essential to assure firm licenses before assigning any complex project.

VAT Compliance Align with FTA Laws

The Federal Tax Authority (FTA) took charge in 2016 for managing all federal taxes and applicable fines or penalties, as well as implementing the tax-related procedures in the UAE. Additionally, FTA describes a complete guideline and conditions for completing VAT compliance that is mandatory for each taxable business in Dubai.

If a business fails to apply VAT needs as per FTA regulations, it has to endure a hefty amount of fines. It is advisable to select a VAT consultancy firm in Dubai, which safeguards your business from VAT avoidance. Aligning your company with FTA laws is the only possible solution to avoid such invasions which are intended to cause fines.

Provides Cost-Efficient VAT Solutions

Many business owners are confused at this stage, and what would be the appropriate amount for VAT consultancy in Dubai? Is it just an expense on our cash flow with no paybacks? Why should we outsource a VAT consultant even if we are paying taxes as well? Take a break, we will help you out to clear all your doubts. Before selecting a service you have the right to discuss your budget and the facilities with consultants.

Always select a cost-efficient VAT solution for your business, which means a top-notch quality service with a fair package. You may do a quick competitor analysis to analyze which one offers the best VAT facilities at a minimum price. In this way, VAT consultants save your money and effort as well.


The last statement, you need a professional Chartered Accountant who assists you in completing VAT compliance in Dubai. The above mentioned tips are essential because minor mistakes in selecting a VAT advisory would cost your business. So, assure all these tips and let experts handle your work.

Next Article: Revised VAT Fines and Penalties in UAE