Value Added Tax Services
We Assist in Compliance with Value-Added Tax (VAT) and Taxation for Companies in UAE
In an age of rapid globalization and complex international taxation, Compliance 360’s value-added tax (VAT) expertise protects the cash flow, profitability, compliance, and accounting performance of organizations in the UAE.
A VAT is like a sales tax, except that it is gradually paid at all production levels, only at the extra cost at each level, avoiding pyramids and the need to separate commercial input from retail sales. VAT is the more sophisticated taxation approach as it involves businesses collecting taxes on behalf of the government and avoiding any misrepresentation and tax evasion.
Value Added Tax (VAT) was introduced in the UAE on January 1, 2018, at 5% of the VAT rate. Value Added Tax applies to most transactions of goods and services as a general consumption tax. The UAE imposes VAT on tax-registered businesses for providing taxable goods or services at every step in the supply chain. VAT registered businesses raise money from the government. Consumers in the UAE incur VAT in the event of a 5% increase in the price of taxable goods and services.
Compliance 360 has an excellent team of experts who can help you overcome all obstacles, including unfamiliarity with VAT rules and regulations, lack of resources, compliance issues, and lack of the latest accounting system.
Whether you need help with Value Added Tax (VAT) registration in the UAE or need help filing your returns with the Federal Tax Authority, we provide you with the best value-added tax service.
Our Top-Tier VAT Services include:
- To avoid errors in the filing of the tax return.
- To reclaim input tax paid according to the VAT law.
- To provide guidelines to avoid fines and penalties.
- To keep accounting books for five years by the law.
- Conduct tax audit to safeguard the company from material misstatement.
- Get updated and trained on the latest changes in the VAT law and their impact on accounting.
- Provide guidelines for the preparation of sales invoices.
We can review current VAT, foreign indirect taxes, and trade operations and recommend improvements to manage risk, recover the cash, or improve control over jurisdiction. By applying leading business technology, we help improve technical accuracy, enable process efficiency, and reduce the risk of non-compliance. We can also help analyze indirect tax data to make better-informed business decisions.
Compliance 360 VAT Services
Companies that fail to comply with VAT rules and regulations may face severe penalties that can damage the goodwill of the company as well as the reputation of the businessman in the market. In addition to providing top-notch VAT services in Dubai and the UAE, Compliance 360 offers tax consultancy services and tax implementation and recovery services to a large number of clients.
Compliance 360 is acclaimed as a leading platform that has taken care of VAT services in the UAE for new and established businesses in the Emirates. We also provide accountancy and bookkeeping services, risk management, internal audit services, AML, and many more business-related services in UAE.