Looking for tax consultation? As one of the leading VAT consultancy firms in Dubai, SIAA brings you a team of highly motivated advisors who can provide you the best VAT services in Dubai. Our team of professional and taxation experts possesses profound knowledge and understanding of domestic and international tax laws and jurisdictions. Their knowledge is backed by extensive industry experience and an outstanding work ethic.
Our tax consultants offer clients a complete range of tax consultancy services in Dubai, combining insights and innovation with business and industry knowledge to help your company to excel. Our tax experts ensure that our VAT services in Dubai are in line with the Federal Tax Authority (FTA) laws.
The VAT is an expense that applies to the use of all services/products. GCC Government has adopted this taxation system starting from 1st January 2018. It is implemented on goods and services with the exception of food items, healthcare, and education. The standard tax rate is very nominal – 5%. End-user are mostly affected by the implementation of tax however businesses have to make certain changes to their processes and procedures to comply with the legal requirements implemented by the government.
All businesses with annual revenue of Dh 375,000 or more are required to submit their VAT registration in UAE online applications within 30 days of being required to be registering. As per the regulatory Authority Federal Tax Authority Registration (FTA), all businesses in UAE must ensure the recording of their financial transactions, apart from that VAT registration requirements have done and ledgers are updated in time to avoid penalties. Registration will be mandatory in case the revenue limit crosses AED 375,000, if turnover is greater than AED 187,500, but didn’t exceeds AED 375,000 then optional or voluntary registration should be done.
With over 12 years of experience in the industry, SIAA offers best-in-class VAT services and tax consultancy services in Dubai, delivering professional expertise and personalised customer support through each stage of their financial journey.