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VAT

VAT Consultancy in Dubai

Vat consultancy in Dubai

15

Years of
Excellence

ExpertVAT Consultancy in Dubai

Secure Track offers comprehensive VAT consultancy services in Dubai, providing expert guidance to businesses navigating the complex landscape of Value Added Tax (VAT) regulations. Our experienced consultants specialize in offering tailored solutions to ensure compliance with local VAT laws while optimizing tax efficiency. From initial VAT registration and structuring to ongoing compliance management and advisory support, we assist clients in understanding their VAT obligations, implementing robust systems and processes, and mitigating potential risks.

With Secure Track’s VAT consultancy services, clients gain peace of mind knowing that their VAT matters are in capable hands. We strive to empower businesses with the knowledge and tools needed to navigate the evolving tax environment successfully, allowing them to focus on their core operations and achieve their growth objectives confidently.

ProcessOur VAT Registration Process

Secure Track simplifies the VAT process, assessing obligations, managing documentation, and guiding through online registration submission. We ensure compliance and support throughout, providing seamless VAT solutions.

accounting consultation
01

Assessment of Obligation

Secure Track begins by conducting a thorough assessment of your business to determine its VAT registration obligations. Our expert consultants evaluate your business activities, turnover, and other relevant factors to ascertain whether registration is mandatory or voluntary.
02

Documentation Management

Once the assessment is complete, Secure Track assists in gathering and organizing the necessary documentation required for VAT registration. We ensure all required documents, such as trade licenses and financial statements, are compiled accurately and submitted in accordance with the Federal Tax Authority (FTA) requirements.
03

Online Registration Submission

Leveraging our expertise in VAT registration processes, Secure Track guides you through the online registration submission on the FTA portal. We meticulously complete the registration form with precise information about your business and upload the required documents, ensuring compliance with FTA standards.
tax planning
04

Approval Monitoring and Compliance Support

Secure Track monitors the progress of your VAT registration application and assists in addressing any queries or requests for additional information from the FTA. Upon approval, we provide ongoing support to ensure compliance with VAT regulations, including assistance with charging VAT on taxable supplies, issuing tax invoices, maintaining records, and submitting periodic VAT returns.
understanding VAT

UAEUnderstanding VAT

In the UAE, Value Added Tax (VAT) functions as a consumption tax imposed on most goods and services at a standard rate of 5%. Registered businesses are required to charge VAT on taxable supplies made to customers and subsequently remit the collected VAT to the government. Conversely, businesses can reclaim VAT incurred on eligible business expenses, ensuring that VAT is levied only on the value added at each stage of production or distribution.

VAT in the UAE operates under a self-assessment system, wherein businesses are responsible for accurately calculating and reporting their VAT liabilities through periodic VAT returns. Compliance entails maintaining detailed records of transactions, including sales, purchases, and VAT invoices. Additionally, businesses must ensure timely submission of VAT returns and payment of any VAT due to avoid penalties. The implementation of VAT in the UAE aims to diversify government revenue sources, promote fiscal sustainability, and align the country’s tax system with global standards.

Maximize Your Tax Efficiency

Ready to streamline your VAT compliance and optimize your tax strategy? Contact Secure Track today for expert VAT consultancy services tailored to your business needs. Let’s navigate VAT together!

FAQWe Answer your
Frequently Questions

VAT Consultancy in the UAE offers a comprehensive suite of services including registration, compliance, advisory, training, audits, recovery, and representation. By providing expert guidance on VAT regulations and strategies, businesses can ensure compliance, minimize tax liabilities, and optimize financial management practices in a rapidly evolving tax landscape.

The standard rate of VAT (Value Added Tax) in Dubai and the rest of the United Arab Emirates is 5%. This rate applies to most goods and services, although some items may be exempt or subject to a zero rate.

Yes, under certain circumstances, you can claim VAT back in Dubai. Businesses registered for VAT in the UAE can typically reclaim VAT paid on expenses related to their business activities, such as purchases of goods and services used for business purposes. However, there are specific requirements and procedures that must be followed to claim VAT refunds, and not all expenses may be eligible for recovery. It’s advisable to consult with a VAT consultant or tax advisor for guidance tailored to your specific situation.

VAT Consultancy can support your business by facilitating VAT registration, ensuring compliance with regulations, providing tax planning advice, conducting training, offering audit assistance, identifying refund opportunities, and representing your interests with tax authorities.

VAT Consultancy can help you save on tax costs by providing expert advice on tax planning strategies tailored to your business. They can identify opportunities for VAT recovery, optimize your VAT position, ensure compliance with regulations to avoid penalties, and provide guidance on efficient invoicing and record-keeping practices.

Yes, VAT Consultancy can provide guidance on VAT implementation. They can assist businesses in understanding VAT regulations, registering for VAT, adapting accounting systems to comply with VAT requirements, implementing proper invoicing and record-keeping practices, and ensuring overall compliance with VAT laws and regulations.

Yes, according to UAE regulations, VAT can be refundable in specific situations and subject to certain criteria outlined by the Federal Tax Authority (FTA).

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