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Tax Consulting

Tax Consulting

We offer all VAT & Excise tax services that you need to ensure compliance with the Federal Tax Authority.

VAT/Excise Registration Assistance

Anyone registering with the FTA for VAT & Excise has to follow the laid down procedures in respect to Federal Law number 8 of 2017. Any discrepancy can result in penalty up to AED 20000.

We will assist you during the registration process to ensure your application is complete in all respects.

VAT/Excise Return Filing

After completing the registration for VAT, you are required to file your VAT return and make related VAT payments within 28 days from the end of your tax period.

Once you have registered for Excise Tax, you are required to file your Excise Tax return by the 15th day following the end of each tax period.

VAT/Excise Reconsideration

A business entity can apply with FTA to reconsider its decision within 20 business days from notification. The applicant must provide reasons for applying a reconsideration, including an analysis of the alternative treatment which the applicant considers that should have been applied to its case. The FTA reviews the request for reconsideration and issues its decision within twenty business days. The decision is conveyed to the applicant within five business days. Importantly, the FTA requires the application to be filled in Arabic only.

VAT/Excise Training & Advisory

Our tax experts also provide short training sessions to cover the various dimensions of VAT & Excise in a lucid way. The concept of VAT & Excise, regulation & administration, compliance mechanisms are covered in a comprehensive manner. These training sessions are meant to familiarize your employees with the practical working of VAT & Excise Tax.

Our advisory services include designing an accounting system to incorporate VAT computation, group VAT, minimizing VAT & Excise related errors, understanding types of penalty for non-compliance, tax on international transactions & tax treatment according to your business activities.

VAT/Excise Amendment

Any changes impacting your Tax records with the FTA, provided during registration must be informed to the FTA by updating records within twenty business days from the date of occurrence. If changes are made to the form through the ‘Amendment’ option, the changes will reflect on the form only after the FTA has approved the amendments. Additionally, The FTA may ask for more information while reviewing the application for the respective amendments.

VAT/Excise De-registration

A business is required to deregister with the FTA within the given timeframe if it ceases making Taxable Supplies. If the value of the Taxable Supplies made over a period of twelve consecutive months is less than the Voluntary Registration Threshold i.e. AED 187,500/ and they do not anticipate that they’ll cross the Voluntary registration threshold during the coming 30-days.

Tax Residence Certificate

UAE has signed agreement with 55 countries to avoid double taxation. A Tax Residency Certificate is one of the official documents issued by the Ministry of Finance. It confirms the tax residence of a company or individual person in a given country. The certificate is issued for the company those who have already registered in the UAE or individual person who has the residency visa.