Professional VAT Consultant Dubai

AKM Accounting is one of the leading providers of VAT accounting service in Dubai, equipped with a full-fledged team of Vat consultant in Dubai. Simply put, VAT alludes to Value Added Tax and is a fee that is applicable to most businesses on the transactions they make. VAT was first introduced in the country in 2018 at an approved rate of 5%, where every business gets charged the tax for each purchase they make, and in turn, they charge tax on their sales. Once a company’s expenses reach a certain level, it becomes mandatory for them to pay for VAT frequently at the Federal Tax Authority. The process of keeping track of all the VAT requirements can often be a strenuous task, hence the need by most businesses for a VAT accounting service in Dubai.

AKM accounting provides proficient VAT consultancy services and is dedicated to guaranteeing your business a streamlined process with minimal to zero hassles such as missing your VAT payment. Most companies in Dubai are in dire need of a VAT firm to help them register, comply, and stay up to date with all relevant VAT requirements. We provide free VAT advice and consultation that helps with assessing your current situation and strategize further with us. Apart from this, we also offer personal tax account that enables us to manage your taxes efficiently. To know more about our VAT accounting service, get in touch with our VAT consultant today! We would be glad to assist you with our proficient services.

Understanding Value Added Tax in the UAE

VAT is paid for in a continuous system that begins from producing raw materials up until the delivery of the manufactured product to the consumer. This also applies to services rendered. Thereby, the product value increases throughout the chain. Raw material producers sell the materials with a 5% VAT to the manufacturers who do the same when selling to the wholesaler, who sells to the retailer, and, ultimately, the consumer. As each of them sells their product with a 5% VAT, they are required to pay VAT.

Our VAT Service Inclusions

VAT Registration

Our reputed VAT firm facilitates the registration of your company with the FTA, which in turn ensures you abide by the law, avoid paying penalties, and gain credibility for your company. We also help you stay updated with re-registration requirements by regularly checking for changes.

VAT Return Filling

Towards the end of every tax season, you should file a VAT return. This should be done within 28 days. It is quite a simple VAT online process; however, failure to do so within the stipulated time can result in fines or penalties. Here is where our VAT consultant steps in and helps with your VAT return filing process.

VAT Consultancy

AKM accounting is a reputed VAT consultant in Dubai. We will provide you with a dedicated VAT consultant who will work closely with you to understand your requirements and offer feasible solutions. Together, we aim to provide you with convenience and ease the burden equipped with the requirements and responsibilities of VAT.

VAT Impact Studies

It is essential to acknowledge the impact VAT has on the structure and overall functionality of a business. Failure to pay the VAT or register your company at the FTA is detrimental to the success of your business. We will provide you with a personal tax account to handle all your VAT payments and keep you updated with the latest rules and regulations.

VAT Accounting

VAT also affects the accounting department of your business. In order to run a smooth business and abide by the VAT regulations in UAE, your books need to be integrated with VAT affairs. Our professional and adept VAT accounting team are hands on to assist you with VAT accounting needs.

VAT Training

Every business needs to have first-hand knowledge of VAT and its importance. The success of the company relies on whether they pay their taxes and if the business integrates VAT in their sales and purchases. Therefore, as a leading VAT consultant in Dubai, we aim at offering VAT training to all your employees, ensuring they are up to date with all the amendments and current regulations.

VAT Implementation

Once a business’s expenses reach a certain level, it becomes mandatory to pay VAT. Thereby, the company needs to implement the tax in its transactions to receive VAT for goods sold and pay VAT for goods purchased. As an experienced VAT firm in Dubai, we can efficiently handle VAT implementation for your business.

How We Help

At AKM accounting, we offer VAT accounting services across Dubai, helping companies stay up to date with their VAT registration, designing business accounts according to FTA requirements, and filing VAT returns. Our offerings also include filing for VAT refunds, calculating the required Value Added Tax on all sales, and correcting mistakes in VAT forms. We also update your business records and ensure all your documents abide by FTA regulations.

Dubai VAT FAQs

Since the introduction of VAT around January 2018, the majority of enterprises in Dubai are obligated to pay.

Every business that has taxable expenses amounting to AED 375, 000 yearly should register their business.

You can register by creating an account on the FTA online portal.

Towards the end of the tax season.

VAT applies to every tax registered enterprise in the country.

Every business under registration is requested to impose the VAT percentage for every sale of its products and services rendered. They should also have updated documentation that shows the government they are abiding by VAT laws.

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Contact us to get best VAT services in UAE