Category: Vat Consultancy

How Can VAT Consultancy Services Maximize Your Business’s VAT Refunds?

Value Added Tax (VAT) compliance is an essential element of conducting business in the UAE. Most companies experience VAT refund issues, either because of errors in filings, incomplete documents, or unfamiliarity with tax regulations. Nevertheless, with proper Vat Consultancy Services In Sharjah, businesses can maximize VAT refunds and remain fully compliant with tax laws.

In this blog, we’ll explore how VAT consultancy services can help businesses claim their VAT refunds efficiently and avoid common pitfalls.

Understanding VAT Refunds in the UAE

VAT is charged at 5% on taxable goods and services in the UAE. However, businesses can recover VAT on eligible expenses such as:

Business purchases and expenses
Import VAT paid on goods
VAT on exported goods and services
Capital asset purchases

To receive a refund, companies need to validate that their VAT returns are correct and in line with UAE Federal Tax Authority (FTA) requirements.

Typical Problems in Obtaining VAT Refunds

Most companies do not receive the full amount of their VAT refunds because of:

Incorrect VAT submissions – Tax return submission errors result in disapproved refund claims.
Incomplete records – Lack of invoices and tax documents delays the process.
Lack of knowledge – Firms are unclear on what spends qualify for rebate.
Missing the deadline – Postponed returns incur fines or missed rebate cchances

A Sharjah VAT consultancy service assists organizations in overcoming issues and facilitating trouble-free refunds.

How Are VAT Consultancy Services in Sharjah Able to Help?

Expert VAT consultants are effective in assisting enterprises in achieving the highest VAT rebates through:

Proper VAT Filings: VAT consultants provide flawless tax return filings, reducing rejection chances.

Effective Documentation Management: They assist companies in keeping proper tax records, invoices, and receipts for audit reasons.

Detection of Refundable VAT Expenses: Consultants scrutinize company expenses to detect recoverable VAT refund claims.

Audit and Compliance Assistance: In case a company is picked for an FTA audit, VAT consultants aid in compiling the required documents.

Timely Filing: They make sure that companies achieve VAT refund deadlines to prevent penalties.

Special VAT Refund Schemes in the UAE

Some industries and companies qualify for special VAT refund schemes, which include:

Tourism and Expo Refunds – Companies participating in UAE expos and events are able to recover VAT.

Foreign Business VAT Refunds – Foreign businesses can recover VAT on specific transactions.

VAT Refunds on Real Estate – New housing property developers are allowed to recover VAT on building expenses.

VAT specialists assist companies in checking their eligibility and making effective special refund scheme applications.

How to Maximize VAT Refunds with a VAT Consultancy Firm?

In order to make an effective VAT refund claim, companies need to implement these steps with the services of VAT consultancy firms in Sharjah:

Keep Appropriate Tax Records – Retain all receipts, invoices, and supporting documents.
Proper Classification of Expenses – Separate refundable and non-refundable VAT expenses.
Timely Filing of VAT Returns – Refrain from delaying the filing of VAT refund applications.
Conduct Regular Tax Audits – Check for errors prior to submission to avoid rejection of claims.
Take Expert Advice – Collaborate with a professional VAT consultancy company for error-free filings.

How to Maximize VAT Refunds with a VAT Consultancy Firm?

Conclusion

Optimizing VAT refunds involves specialized tax expertise, correct documentation, and precise filings. Most companies miss out on VAT refunds because of mistakes, lost documents, or non-compliance. With the help of VAT consultancy services in Sharjah, companies can reclaim the VAT they are owed, enhance cash flow, and remain compliant with UAE tax regulations.

Call RBS Auditors today to streamline your VAT refund process!

Vat Consultancy Services In Sharjah

Why Businesses Trust VAT & Excise Consultants?

As seen in the change in the landscape of taxation from Value Added Tax (VAT) to Excise Tax, businesses functioning in Dubai, in order not to face penal action and function smoothly, will have to respect the tax legislation. However, VAT and excise tax compliance can be tough and needs some expert advice for smooth transactions. Therefore, a business depends upon VAT & Excise Consultants in Dubai for easy guidance and support in the smooth navigation of the tax regulations.

Understanding VAT & Excise Tax in the UAE

VAT (Value Added Tax): 5% tax on supply of goods and services. Every business is liable to register, file VAT returns, and maintain accurate records.
Excise Tax: Tax to curtail consumption of specific goods such as tobacco, sugary drinks, and energy drinks with a healthier economy in mind.

Both taxes demand that companies register, maintain proper records, and adhere to the FTA regulations. If not done so, they might face monetary losses and legal issues.

Why Businesses Need VAT & Excise Consultants

VAT & Excise Consultants in Dubai will ensure that a business remains compliant while making optimum tax payments. Here is why businesses rely on such professionals:

1. Hassle-Free VAT & Excise Tax Registration

A consultant will help understand whether or not one’s business qualifies for mandatory or voluntary registration, thus ensuring timely compliance.

2. Correct Filing of Tax Returns

If there are errors in filing VAT or excise tax returns, this can lead to penalty charges. Consultants assist a business in determining its correct tax returns and submitting them based on the deadline set by the FTA.

3. Effective Tax Planning & Optimization

Tax consultants help businesses optimize their tax liabilities while remaining compliant. They provide strategies to minimize tax burdens and maximize recoverable VAT credits.

4. Audit Assistance & Risk Management

The FTA conducts audits to ensure tax compliance. A tax consultant prepares businesses for these audits by maintaining proper records, handling queries, and mitigating risks.

5. Ongoing Compliance & Advisory Support

Tax laws frequently change, and businesses must stay updated. A VAT & Excise Consultant in Dubai provides continuous support, keeping businesses informed about new tax regulations and ensuring ongoing compliance.

RBS Auditors’ Simplified Guide to VAT & Excise Tax Compliance

The RBS Auditors will handle professional consultancy of VAT & Excise, along with filing help for various Dubai businesses, and make their process related to taxation seamless. This also includes services of:

VAT & Excise Tax Registration & Filing
Tax Compliance & Advisory
Filing & audit preparation related to VAT returns
Excise Tax Assessment & Documentation
Ongoing consultancy & Training

RBS Auditors' Simplified Guide to VAT & Excise Tax Compliance

Conclusion

With the UAE having implemented strict tax regulations, organizations simply cannot afford to risk mistakes in their VAT and excise tax compliance. VAT & Excise Consultants in Dubai have the critical role of ensuring that tax efficiency, legal compliance, and financial accuracy are maintained. RBS Auditors is the partnership that helps organizations avoid penalties, optimize tax payments, and gain an edge over the competition.

How VAT Consultancy Services Help Ensure Compliance?

VAT is an important part of business operations in the UAE, including Sharjah. With the changes that occur in tax regulations, businesses have to maintain compliance in order to avoid penalties or legal issues. In all this, a VAT consultancy in Sharjah plays a significant role. A professional VAT consultant guides businesses through complex tax legislation, facilitates return filing, and maintains compliance with the FTA.

Understanding VAT Compliance in the UAE

VAT compliance means following all tax regulations set by the FTA, including proper, on-time registration, invoicing, filing, and record-keeping. Businesses that fail to do so often face huge fines and discontinue operations. Some of the most common VAT issues businesses come across are:

Malfunctioning or improper classification during VAT registration
Mistakes or errors in VAT return filing
Weak record-keeping and mistakes in invoices
Not following procedures for tax refunds

Why VAT Consultancy Services Matter to a Business?

A VAT consultant ensures that businesses meet all regulatory requirements and benefit from proper tax planning. The key advantages of hiring VAT consultancy services include:

1. VAT Registration and Compliance

Not all businesses are required to register for VAT. A consultant helps determine whether your business meets the mandatory or voluntary registration threshold and ensures timely registration with the FTA.

2. Accurate VAT Return Filing

Filing VAT returns correctly is crucial to avoid penalties. Consultants help businesses calculate input and output VAT, ensuring accurate submission within deadlines.

3. Tax Planning and Optimization

A VAT consultant provides strategic tax planning to optimize VAT payments while staying compliant. They help businesses claim allowable deductions and structure transactions efficiently.

4. Assistance in VAT Audits

Businesses may face VAT audits by the FTA. A VAT consultant ensures that the financial records are accurate and ready for auditing. This way, the chances of penalties are kept to a minimum.

5. VAT Training and Advisory

Most businesses struggle to understand VAT regulations. Consultants train and advise businesses and their teams to stay abreast of the tax laws.

How Can RBS Auditors Assist in VAT Compliance?

At RBS Auditors, we offer professional VAT consultancy services in Sharjah. Our team of professionals offers the following:

VAT registration & deregistration support
VAT return filing & compliance review
Tax advisory & planning for businesses
VAT audit assistance & documentation review
Ongoing support and training

How Can RBS Auditors Assist in VAT Compliance?

Conclusion

With tax laws changing with time, companies have to keep track of VAT in order not to incur penalty charges and losses. VAT consultancy in Sharjah ensures that clients can handle their VAT obligations easily by guiding them properly. With professional service providers such as RBS Auditors, accuracy, efficiency, and compliance can be achieved for VAT.

Innovative Approaches to Taxation: The Role of VAT and Excise Consultants in Dubai

Navigating the complex landscape of taxation in Dubai can be challenging for businesses, especially with the introduction of Value Added Tax (VAT) and Excise Tax. These taxes require meticulous compliance and strategic planning to optimize financial outcomes. Vat & Excise Consultants In Dubai offer specialized expertise to help businesses manage these tax obligations effectively. In this blog, we explore the innovative approaches employed by VAT and excise consultants and their crucial role in ensuring compliance and enhancing business efficiency.

The Significance of VAT and Excise Tax

VAT and excise tax are significant components of the UAE’s tax system, introduced to diversify the economy and generate revenue. Understanding their implications and managing them effectively is essential for businesses operating in Dubai.

Value Added Tax (VAT): VAT is a consumption tax levied on the value added at each stage of the supply chain. Businesses are required to charge VAT on taxable supplies and remit it to the government, while also reclaiming any VAT paid on business-related purchases.

Excise Tax: Excise tax is levied on specific goods that are harmful to human health or the environment, such as tobacco products, energy drinks, and carbonated beverages. The aim is to reduce consumption of these products and generate additional revenue.

Innovative Approaches Employed by VAT and Excise Consultants

Technology Integration: Leveraging advanced tax software and digital tools, consultants streamline tax compliance processes. Automation reduces manual errors, enhances accuracy, and ensures timely filing of tax returns.

Custom-Tailored Solutions: Recognizing that each business is unique, consultants offer customized tax solutions. They conduct thorough assessments to understand the specific needs of the business and tailor their strategies accordingly.

Proactive Tax Planning: Consultants adopt a proactive approach to tax planning, anticipating changes in tax laws and market conditions. This foresight allows businesses to adjust their strategies in advance and stay ahead of regulatory changes.

Holistic Financial Review: Beyond tax compliance, consultants conduct holistic reviews of the business’s financial practices. By identifying inefficiencies and opportunities for improvement, they contribute to overall financial health and efficiency.

How RBS Auditors Can Help?

At RBS Auditors, our team of expert VAT and excise consultants in Dubai is dedicated to helping businesses navigate the complexities of taxation. Here’s how we can support your business:

Expert Knowledge and Experience: Our consultants possess extensive knowledge and experience in VAT and excise tax regulations. Their expertise ensures accurate compliance and strategic tax planning.

Comprehensive Tax Services: We offer a full range of tax services, including compliance, tax filing, audit support, and training. Our comprehensive approach ensures all your tax needs are met.

Customized Tax Strategies: We develop tailored tax strategies that align with your business goals. By understanding your operations and financial practices, we create solutions that optimize tax efficiency.

Advanced Technology Solutions: Our use of advanced tax software and digital tools enhances the accuracy and efficiency of our services. We leverage technology to simplify tax compliance and reporting.

Conclusion

Effective management of VAT and excise tax is crucial for businesses operating in Dubai. VAT and excise consultants play a vital role in ensuring compliance, optimizing tax strategies, and enhancing overall business efficiency. RBS Auditors offers expert VAT and excise consulting services, employing innovative approaches to meet your tax needs. Contact us today to learn how our consultants can help you navigate the complexities of VAT and excise tax in Dubai and unlock your business’s full potential.

Strеamlinе Your UAE Vat Rеturn Filing Procеss for Maximum Efficiеncy

Introduction

VAT rеturn filing in thе Unitеd Arab Emiratеs (UAE) is a critical aspеct of compliancе for businеssеs opеrating within its jurisdiction. Thе procеss of VAT rеturn filing in UAE involvеs submitting dеtailеd rеports to thе Fеdеral Tax Authority (FTA), outlining taxablе transactions and еnsuring compliancе with VAT rеgulations. Howеvеr, navigating thе complеxitiеs of VAT rеturn filing can bе challеnging for businеssеs, lеading to inеfficiеnciеs and potеntial compliancе issuеs. In this blog, wе еxplorе stratеgiеs to strеamlinе your UAE VAT rеturn filing procеss for maximum еfficiеncy and compliancе.

Undеrstanding thе Importancе of VAT Rеturn Filing in UAE

VAT rеturn filing in UAE is a lеgal rеquirеmеnt for businеssеs rеgistеrеd for VAT, aimеd at еnsuring transparеncy, accuracy, and compliancе with tax rеgulations. Thе VAT rеturn providеs a comprеhеnsivе ovеrviеw of a businеss’s taxablе transactions, input tax crеdits, and VAT liabilitiеs for a spеcific tax pеriod. Timеly and accuratе VAT rеturn filing is еssеntial to avoid pеnaltiеs, finеs, and lеgal rеpеrcussions imposеd by thе FTA. Morеovеr, еfficiеnt VAT rеturn filing еnhancеs financial transparеncy, facilitatеs dеcision-making, and instills trust among stakеholdеrs.

Optimizing Data Managеmеnt and Rеcord-Kееping

Effеctivе VAT rеturn filing bеgins with robust data managеmеnt and rеcord-kееping practicеs. Businеssеs must maintain accuratе and up-to-datе rеcords of all taxablе transactions, including salеs invoicеs, purchasе rеcеipts, and еxpеnsе documеnts. Lеvеraging digital accounting softwarе and cloud-basеd platforms can strеamlinе data managеmеnt procеssеs, automatе rеcord-kееping tasks, and еnsurе data intеgrity. By cеntralizing financial data and documеntation, businеssеs can improvе еfficiеncy, minimizе еrrors, and еnhancе compliancе with VAT rеgulations.

Utilizing Tеchnology Solutions for Automation

Tеchnology plays a crucial rolе in strеamlining thе VAT rеturn filing procеss and еnhancing еfficiеncy. Businеssеs can lеvеragе automation tools and softwarе solutions to automatе rеpеtitivе tasks, such as data еntry, rеconciliation, and VAT calculations. Advancеd accounting softwarе platforms offеr built-in VAT compliancе fеaturеs, customizablе tеmplatеs, and automatеd rеporting functionalitiеs, еnabling businеssеs to gеnеratе accuratе VAT rеturns with minimal manual intеrvеntion. By еmbracing tеchnology solutions, businеssеs can savе timе, rеducе costs, and mitigatе thе risk of human еrror in VAT rеturn filing.

Implеmеnting Robust Intеrnal Controls and Procеssеs

Effеctivе intеrnal controls and procеssеs arе еssеntial for еnsuring accuracy and rеliability in VAT rеturn filing. Businеssеs should еstablish clеar guidеlinеs, procеdurеs, and workflows for VAT compliancе, еncompassing transaction rеcording, data validation, and rеconciliation chеcks. Rеgular rеviеws and audits of intеrnal controls hеlp idеntify wеaknеssеs, mitigatе risks, and improvе ovеrall compliancе with VAT rеgulations. By fostеring a culturе of accountability and diligеncе, businеssеs can maintain thе intеgrity of thеir VAT rеturn filing procеss and uphold rеgulatory standards.

Sееking Profеssional Guidancе and Support

Navigating thе complеxitiеs of VAT rеturn filing in UAE rеquirеs еxpеrtisе and knowlеdgе of local tax laws and rеgulations. Businеssеs can bеnеfit from sееking profеssional guidancе and support from qualifiеd tax advisors, accountants, or consultancy firms spеcializing in VAT compliancе. Expеriеncеd profеssionals can providе valuablе insights, intеrprеtation of VAT rеgulations, and assistancе in prеparing and filing VAT rеturns accuratеly and timеly. By partnеring with trustеd advisors, businеssеs can navigatе rеgulatory rеquirеmеnts, mitigatе compliancе risks, and optimizе thеir VAT rеturn filing procеss for maximum еfficiеncy.

Conclusion

In conclusion, strеamlining thе VAT rеturn filing in UAE is еssеntial for businеssеs sееking to еnhancе еfficiеncy, minimizе compliancе risks, and maintain rеgulatory compliancе. By optimizing data managеmеnt, lеvеraging tеchnology solutions, implеmеnting robust intеrnal controls, and sееking profеssional guidancе, businеssеs can strеamlinе thеir VAT rеturn filing procеss and achiеvе maximum еfficiеncy. Effеctivе VAT rеturn filing not only еnsurеs compliancе with tax rеgulations but also еnhancеs financial transparеncy, fostеrs trust among stakеholdеrs, and positions businеssеs for long-tеrm succеss in thе compеtitivе markеtplacе of UAE.

Require Assistance with Excise and VAT?

Dubai’s tax system comprises two significant indirect taxes: Value Added Tax (VAT) and Excise Tax. These taxes have had a substantial impact on the economy of Dubai, generating additional revenue for the government and encouraging businesses to become more tax compliant. If you need any help regarding both, VAT Consultancy Services in Dubai, like RBS Auditing, can assist you with the same!

VAT was introduced in 2018 and is imposed on the supply of commodities and services at a standard rate of 5%. On the other hand, Excise Tax is a tax on specific goods considered harmful to human health or the environment, such as tobacco, sugary drinks, and energy drinks. Therefore, the rate of Excise Tax varies depending on the product type.

How can RBS Auditing Help You as VAT Consultancy Services in Dubai?

RBS Auditing is a well-established auditing and consultancy firm in Dubai providing various services to businesses across multiple industries. One of the critical areas of expertise is VAT consultancy services, which can immensely benefit companies operating in Dubai, given the complex VAT regulations and the constantly evolving tax landscape.

As a VAT consultancy service provider, RBS Auditing offers comprehensive support to businesses to ensure they comply with VAT regulations and help them manage their tax affairs more efficiently.

Here are some ways in which RBS Auditing can help your business as a VAT consultancy service provider in Dubai:

VAT registration: RBS Auditing can help businesses determine if they need to register for VAT and, if so, guide them through the registration process, ensuring all required documentation is submitted accurately and on time.
VAT compliance: Once a business is registered for VAT, we can provide ongoing support to ensure they comply with all VAT regulations. It includes managing VAT returns, maintaining proper records, and advising on VAT-related matters such as invoicing and the VAT treatment of different transactions.
VAT planning: We can help businesses develop an effective VAT planning strategy aligning with their business goals. It can include identifying opportunities to reduce VAT liabilities, managing cash flow, and optimizing VAT recovery.
VAT audit: We can also conduct a VAT Review and audit to ensure that a business accurately reports and pays VAT, identifies potential risks or errors, and provides recommendations to mitigate them.
VAT training: We can train businesses and their staff to ensure they understand the implications of VAT and are equipped to manage their VAT affairs effectively.

By engaging RBS Auditing as a VAT consultancy service provider, enterprises can avoid costly mistakes, minimize their tax liabilities, and improve their overall tax efficiency. So, if you’re a company searching for VAT & Excise Consultants in Dubai, contact us today!

Maximizing Your Business Efficiency with RBS Auditing: The Leading Vat Review and Consultancy Services in Sharjah

RBS Auditing is a reputable company that provides professional Vat Review, Consultancy Services and Vat Return Filing in the UAE, particularly in Sharjah. With years of experience and expertise, our team of certified professionals is dedicated to helping businesses in the UAE improve their financial performance and comply with the latest tax regulations.

In this blog, we’ll take a closer look at our products and services, the benefits of working with us, and why we are the top choice for Vat Review and Consultancy Services in Sharjah.

Vat Review: A Comprehensive Solution for Your Business

Our Vat Review service is designed to help you stay on top of your finances and ensure that your business is operating as efficiently as possible. Our team of experts will perform a comprehensive review of your financial records, identify any areas of improvement, and provide you with a detailed report of our findings. We’ll also make recommendations on how to improve your financial performance and help you to stay compliant with the latest tax regulations.

Benefits of Vat Review:

1. Improved financial performance: Our Vat Review service will help you identify areas of improvement in your financial records, allowing you to optimize your business operations and increase your profitability.

2. Compliance with tax regulations: Our team of experts will ensure that your business is in compliance with the latest tax regulations, reducing the risk of fines and penalties.

3. Increased efficiency: Our Vat Review service will help you streamline your financial processes, making it easier to manage your finances and freeing up time for you to focus on growing your business.

Vat Consultancy Services: Expert Advice for Your Business

At RBS Auditing, we understand that navigating the complex world of tax regulations can be a challenge for business owners. That’s why we offer comprehensive Vat Consultancy Services in Dubai to help you stay ahead of the curve and make informed decisions about your finances. Our team of experts will provide you with tailored advice and
support to help you understand the latest tax regulations and make the most of your finances.

Benefits of Vat Consultancy Services:

1. Expert advice: Our team of experts has extensive knowledge and experience in the field of accounting and taxation, and we use this expertise to provide you with tailored advice and support.

2. Stay ahead of the curve: Our Vat Consultancy Services will help you stay up-to-date with the latest tax regulations, reducing the risk of fines and penalties.

3. Improved decision making: Our tailored advice will help you make informed decisions about your finances, allowing you to optimize your business operations and increase your profitability.

Vat Return Filing: A Stress-Free Solution for Your Business

At RBS Auditing, we understand that filing Vat returns can be a time-consuming and stressful process for business owners. That’s why we offer comprehensive Vat Return Filing services to help you comply with the latest tax regulations and simplify the filing process. Our team of professionals will handle all the necessary details, from preparing your VAT return to submitting it to the relevant authorities, allowing you to concentrate
on expanding your business.

Benefits of Vat Return Filing:

1. Compliance with tax regulations: Our Vat Return Filing service will ensure that your business is in compliance with the latest tax regulations, reducing the risk of fines and penalties.

2. Stress-free process: Our team of experts will handle all the details, from preparing your Vat return to submitting it to the authorities, making the filing process stress-free for you.

3. Time savings: Our Vat Return Filing service will free up time for you to focus on growing your business, rather than dealing with the complexities of filing Vat returns.

Why Choose Us for Your Vat Review and Consultancy Services?

At RBS Auditing, we are dedicated to providing our clients with the best Vat Review and Consultancy Services in Sharjah. Here are just a few of the reasons why we’re the top choice for businesses in the UAE:

1. Experienced and certified professionals: Our team of experts has extensive experience in the field of accounting and taxation, and we’re certified to provide the best Vat Review and Consultancy Services.

2. Tailored solutions: We understand that every business is unique, and we provide tailored solutions to meet the specific needs of each of our clients.

3. Comprehensive services: Our Vat Review, Consultancy Services, and Vat Return Filing services are designed to provide our clients with a comprehensive solution for their financial needs.

4. Customer-focused approach: At RBS Auditing, we are dedicated to providing our clients with the best possible customer service, and we always put our clients’ needs first.

Conclusion :

if you’re looking for a trusted partner to help you maximize your business efficiency and comply with the latest tax regulations, look no further than RBS Auditing. Our team of experts is dedicated to providing our clients with the best Vat Review and Vat Consultancy Services in Sharjah, and we’re committed to helping you achieve your financial goals. Contact us today to learn more about our services and how we can help your business thrive

Vat Consultancy Services In Dubai Vat Consultancy Services In Sharjah Vat Review

VAT & Excise Consultants in Dubai

VAT is a type of consumption tax that is levied when a commodity is valued. It is a tax that is levied on goods and services bought by corporations and individuals. RBS Auditing can serve you and provide you with the best service at a fair price for VAT & Excise Consultants in Dubai.

VAT & Excise Advisory in UAE has been helping businesses to comply with the UAE’s VAT laws ever since the introduction of VAT in Dubai. Federal Tax Authority (FTA) is responsible for tax collection. The Federal Tax Authority (FTA) provides all the legislation including explanations and recommendations to assist business firms.

Tax experts help business owners plan effectively for taxes, which allows them to manage their working capital and better control their tax outflow. VAT consultants can help businesses with VAT Advisory services and VAT Compliance services.

Vat & Excise Consulting In UAE

RBS Auditing employs a dedicated team of tax professionals that are experienced and up-to-date with the latest law changes that have an impact on clients’ taxable areas. Every update from FTA is discussed and reviewed within the team. The analysis is then done to determine the impact of tax law amendments and is communicated to clients promptly.

Compliance with VAT and Excise consulting in UAE are critical functions that must be monitored daily for every type of transaction. This will ensure accurate recording in the books of accounts and timely reporting to FTA. To ensure compliance with VAT, organizations may choose to employ qualified staff.

Outsourcing VAT accounting in UAE is now the standard or the most common practice for companies. Many companies are unsure about outsourcing and whether it is a wise decision to make for their business. This is one of the most effective ways to get your business on the right track to success.

Our universal approach to tax issues ensures long-term success for corporations while using the most current techniques. Let’s take a look at what our services are as trusted VAT consultants in Dubai, UAE.

How do you file your VAT returns in the UAE?

We make filing VAT returns easy and seamless at RBS. We follow the Federal Tax Authority’s guidelines and assist taxpayers in dealing with online portal operations, final payments and seeking refunds. All this is done in compliance with UAE law.

According to their size, VAT-paying businesses are classified into different categories. To ensure total transparency between auditor and client, the FTA portal accepts VAT returns online only. The business must provide manually the sales, output VAT and input VAT values in the boxes provided by the FTA portal.

This form, also known as ‘VAT 201’, can be classified into seven sectors.

· VAT Return Period

· Taxable Person Details Net VAT Due

· All other outputs and sales subject to VAT

· All inputs and expenses are subject to VAT

· Declaration and Authorized Signatory

· Additional reporting requirements

The ‘VAT Voluntary disclosure Form 211’ is another form that can be found on the portal. It must be completed under certain conditions. To access their VAT Return, every business taxpayer must use their registered credentials.

The filing of VAT returns in the UAE requires a detailed summation of business transaction details. However, Purchase/Expenses, Sales and Input VAT can all be calculated separately. These separate totals must be verified to produce an accurate and error-free summary which can be used in the FTA-approved electronic VAT Return Form.

This blog isn’t meant to be a one-size-fits-all guide to filing your VAT Returns. A trusted and reliable Tax Consultant can help you ease the stress of the VAT Return process by providing a unique analysis specific to your business, which is crucial for accurate Tax Reporting as well as FTA compliance.

RBS Auditing, provide Certified VAT & Excise Consulting in UAE, takes the stress out of filing, compiling and submitting all papers. We also provide transparency in the VAT Return process. We are the UAE’s top Tax and Excise Agents and can guarantee high-quality service and customer support throughout and after the Tax Return Process.

Vat & Excise Consultants In Dubai

Vat Consultancy Services in Dubai

A VAT-registered small business can submit a VAT Return to HMRC to pay the owed amount or claim VAT on business expenses. You have many options for submitting your VAT returns. One option is to submit it online. But, the best way to do so is to use a VAT Consultancy Services in Dubai.

As you can see it doesn’t matter who files the return. All that matters is that it is submitted on time and includes all necessary information.

With their extensive knowledge and expertise in VAT registration and a proven track record, Dubai VAT consultants can resolve all issues related to VAT, including VAT consulting, VAT training, Free Zone auditing, returns and tax laws and regulations. Since the introduction of VAT in January 2018, Dubai’s top VAT consultants have been sought by businesses. They are registered with UAE’s Federal Tax Authority (FTA), as a tax agency, and dedicated agent. To comply with UAE VAT Laws, the proper and structured implementation of VAT is now a requirement.

How Dubai VAT Consultants Can Help Businesses

Since 1 January 2018, the UAE VAT regulations were implemented. VAT consultants have been helping businesses comply since then. Business owners can get help from VAT consultants to plan their taxes efficiently and help them manage their working capital. Businesses can be guided by VAT consultants through both VAT Compliance and VAT Advisory services.

Here are some of the major VAT compliance services offered by Dubai VAT Consultants

Make sure that you submit your VAT returns and reconciled them on time
Reconciliation, return and VAT records.
Provide advice to clients regarding clarifications of FTA notifications
Representation before the FTA in tax matters
Modification and review of source documents
VAT planning in UAE
Services for VAT advice
To suggest whether VAT should be registered as a single entity, or as a tax group
A reverse charge for imports: Applicability
Training and awareness for staff on VAT

VAT Registration in Dubai

Businesses with taxable imports or supplies exceeding AED 375,000 (USD 1000) must apply for VAT registration. Businesses with taxable supplies or imports of between AED 187.500 and 375,000 are permitted to apply for VAT registration under the UAE VAT law. Businesses whose taxable imports and supplies are less than AED 187.500 are not required by law to register for VAT. Online applications for VAT registration are possible. However, businesses may seek out the assistance of VAT Consultancies in the UAE to ensure that the process is properly executed. It is important to note that all names, whether they are company owners, managers, or authorized persons, must be entered in the Arabic Language.

Conclusion
RBS has qualified VAT consultants with local experience in VAT accounting and VAT filing. They can also help you to refund VAT. RBS is the best VAT Consultancy Services in Sharjah. RBS has a registered Arabic-speaking tax agent at the Federal Tax Authority (FTA). This tax agent can assist with any tax-related matter and can represent companies in tax cases against FTA.

Vat Consultancy Services In Dubai

Federal Decree- Law No. (18) of 2022 (‘’the Amendment of VAT Law w.e.f January 01, 2023’’)

Federal Decree- Law No. (18) of 2022 (‘’the Amendment of VAT Law w.e.f January 01, 2023’’)

Summary of VAT amendments:

Article Number	Title	VAT Amendments
Article 1	Definitions	New definitions have been introduced for – Relevant Charitable Activity, Pure Hydrocarbons, Tax Evasion, Tax Audit, Tax Assessment and Voluntary Disclosure.
Article 5	Supply of Goods	Entry into a contract between more than two parties entailing the transfer of Goods at a later time will be considered as supply of goods as per new amendment.
Article 7	Other out-of-scope transactions	A new clause inserted which allows the Executive Regulations to stipulate any other transactions that can be considered outside the scope of VAT.
Article 15	Registration Exceptions	Exception to register from tax is now extended to include registered persons having 100% zero rated supplies, in addition to non-registered persons.
Article 21	Cases of Tax Deregistration	New amendment grants the Federal Tax Authority, the right to deregister any registered person if they assume that the taxable person’s VAT registration may cause any harm to the tax system.
Article 26	Special Date of Supply	The date of supply under Clause 1 now includes the date on which one year has passed from the date on which the goods or services are provided.
Article 27	Place of Supply of Goods (continuous supply)	As per new clause, place of supply of goods that include export or import will be inside UAE if Article 26(1) applies AND the ownership of the goods has been transferred inside the UAE.
Article 30	Place of Supply in Special Cases (transport-related services)	Clause is extended to include transport related services in the rule of special place of supply. Place of supply means place where transportation starts.
Article 33	Place of residency (Agent/Principal)	The place of residence of principal will be the place of residence of the agent as per changed clause.
Article 36	Value of Supply and Deemed Supply for Related Parties	Where a deemed supply occurs between related parties, the value of supply would be determined by the market value, as per amended law.
Article 45	Supply/Import of Goods and Services that are Subject to Zero Rate	Import of following added to the zero-rated list · means of transportation and goods related to means of transportation · rescue planes and ships · crude oil and natural gas · Related basic healthcare goods. · investment precious metals (if they are supplied or imported for investment purposes.)
Article 48	Reverse Charge	Reverse charge will apply to “Pure Hydrocarbons” instead of “any form of hydrocarbons”
Article 55	Recovery of Recoverable Input Tax in the Tax Period (Imports)	The first condition of the Article for recovery of input tax as per the reverse charge mechanism is amended with the addition to keep invoices and import documentation (i.e. for goods only) for the importation of goods or services.
Article 57	Recovery of tax by Government Entities and Charities	Government entities can recover tax if incurred for the provision of sovereign activities. charitable organisation can recover tax if incurred for the provision of relevant charitable activities.
Article 61	Instances and Conditions for Output Tax Adjustments (additional case)	Clause inserted which requires taxable person to adjust output tax after the date of supply not only if the tax was charged in error but also if the application of the tax treatment was incorrect (e.g., where it was treated as exempt/zero rated instead of taxable at 5%)
Article 62	Mechanism for Output Tax Adjustment	Tax credit note must be issued within 14 days from the date of occurrence.
Article 65	Conditions and Requirements for Issuing Tax Invoices (obligation to pay VAT)	It has made mandatory for the taxable person to pay the VAT to the Federal Tax Authority in cases where such person issues a tax invoice stating VAT on it or receives an amount as VAT.
Article 67	Date of Issuance of Tax Invoice (for continuous supplies)	Now it has been specified that the date of issuance of tax invoice under continuous supply will be 14 days from the date of the supply.
Article 79 bis	Statute of Limitations (new article)	· The statute of limitation of 5 years not applicable where FTA has issued a notice to audit, provided audit is completed within 4 years from notice date. · statute of limitation will be extended by one year if taxable person files voluntary disclosure in 5th year. · Voluntary disclosure cannot be filed by the taxable person after the lapse of 5 years.

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