VAT Consultants Dubai
Your Trusted VAT Consultant in Dubai for anything Tax related
In today’s ever-growing market, companies already have a lot on their plate. In such situations, managing taxes like VAT becomes another burden. Although, VAT was introduced in favour of the public to provide them with better service in the future, It has now become a concerning issue for businesses. How? VAT makes businesses pay for goods and services they sell. That’s not the issue, but the implication of VAT and its tracking is one issue, as it disrupts the functioning of a business by making transactions complex.
We take the tiresome VAT management off your shoulders by providing intricate VAT consultancy service, simplifying the documentation of income costs.
Why Do You Need VAT Consultants In Dubai?
Rules and regulations implied by the government are not very well known by businesses which can result in multiple issues. For example, for many businesses, the payment procedure or calculation of the VAT can be a potential issue for which they can hire a VAT consultant. Consultants at Cohub can help you solve a lot of these minor issues and can help you manage your business better.
Many businesses may still need clarification about why they require a VAT consultant. The most straightforward answer is that we possess much more knowledge about VAT or taxation processes and can help your business benefit by providing the best services possible. We ensure each transaction field is accurate and reduce the risk of any potential error or issues that may arise due to VAT.
- Time-Saving
- Enhance The Whole Process
- Gude The Best Way Possible
- Have More Industry Experience
Main VAT Consultancy Services In Dubai Offered
We at Cohub offer multiple VAT-related services that you will require in your business. By taking care of what our clients need and most businesses require, we offer these services mentioned:
- Reviewing Invoices of purchases made in the business
- Taking care of submission timing of VAT returns and reconciliation
- For tax-related matters, we also represent before the FTA
- Clarification or advice on any issues you may have regarding VAT or FTA notifications
- VAT consultancy, registration, and training services are also provided at Cohub
- Payment process assistance
- VAT planning in UAE
What Is The VAT Law In Dubai?
Businesses operating in UAE have to register their business under VAT according to the Federal decree-law No.8 and Cabinet decision 52 of 2017 on VAT. Tax-registered businesses on the mainland or free zones also have to pay VAT.
VAT Registration Dubai
VAT registration is compulsory for businesses with AED 375,000 or above worth of taxable supplies and imports. However, for businesses with taxable supplies and imports worth between AED 187,500 to AED 375,000, making a volunteer application for VAT registration is allowed as per the UAE VAT law.
VAT registration is unnecessary for businesses under AED 187,500 taxable supplies and imports. The Federal Tax Authority provides an online registration portal that enables businesses to file the VAT.
- Create an e-Service account
- Login to e-Service account
- Fill out the VAT registration form
- About the applicant
- Details of the applicant
- Contact details
- Banking details
- Business relationships
- About the VAT registration
- Declaration
- Review & submit
Documents Required For VAT Registration
After submitting the documents, you will require to wait for the FTA approval as they will review your application. You will get a Tax Registration Number (TRN) within 2 to 3 weeks if all the details are verified and approved. The VAT registration has to be done within 30 days. If not done in 30 days, the business will have to pay AED 20,000 as penalty.
- Trade License Copy
- Business owner’s and partners’ passport copy
- Emirates ID copy of owner and patterns
- Bank account details
- Expected turnover of the business in the upcoming 30 days
- Contact details and address of the company
- Monthly income statement as per FTA format
- Authorisation Documents
- Memorandum of association (MOA) and Articles of Association (AOA) of the company
How Can Cohub Help In VAT Registration Process In Dubai?
Best VAT Consultants In Dubai
A few of the issues you might have to face without a VAT consultant are; inaccuracy while filing for VAT, chances to skip your one-month submission dates, and problems in VAT registration. All this included, you will have a hard time if mistakes occur while filing the VAT forms. By hiring a VAT consultant from Cohub, you will be ensuring that your risks are reduced exponentially.
Speak To Our VAT Consultant