Skip to content

VAT Consultancy Services in Dubai, UAE

The implementation of Value Added Tax is a relatively new addition to the list of taxes levied on businesses. The main goal of its implementation was to make it easier to start and run a business in the UAE, as well as to provide the government with a new source of revenue that can be used for the betterment and development of the country’s people.

VAT has been regarded as a mandatory consumption tax on all goods and services in the country. Currently, nearly 160 countries have incorporated this concept into their national legislation, and the increasing rate of VAT acceptance has resulted in an increase in the number of VAT Consultancies all over the world. If your company has not yet registered for VAT services, this is the first critical task that must be completed.

Continue reading to learn the reason for the urgency.

VAT in UAE

Every company in the country should understand how to prepare VAT returns in the UAE and how to claim VAT returns after filing VAT returns in Dubai and the rest of the Emirates. Recognizing this, the majority of GCC countries recently agreed to implement VAT in the country. GCC countries such as Saudi Arabia, the UAE, Bahrain, and Oman have previously implemented VAT. Being registered under the VAT law means that the government recognizes your company.

On a global scale, Dubai is regarded as the business center’s beating heart. In the year 2018, the entire country’s taxation system underwent several changes. The United Arab Emirates is known as a business center due to its numerous offerings such as multiple trade-free zones, an easy-to-navigate business environment, incentives for local businesses, and so on. VAT in Dubai was a watershed moment in Dubai’s taxation system.

The VAT rate in Dubai, UAE is 5% and applies to the majority of goods, services, and businesses.

Certain categorization has been made for the payment of VAT for companies in the United Arab Emirates in order to ease the VAT process. Let’s take a look at it.

Slabs for VAT Registration in UAE

Businesses having taxable supplies and
imports above AED 375,000

Mandated to apply for VAT registration

Businesses having taxable supplies and imports
between AED 187,500 and 375,000

Can voluntarily apply for VAT registration

Businesses having taxable supplies and
imports less than AED 187,500

Not required to apply for VAT registration

VAT Record Keeping

Maintaining VAT records makes it easier for management and the government to track up-to-date information about VAT filing and avoid unnecessary tax payments. Any company registered under VAT Law must keep its books of records for a minimum of five years. This book’s main points are as follows:

  • Sales and purchase invoice
  • Debit and credit notes
  • Import and export notes
  • Accounting books
  • Zero-rated supplies and purchase
  • Goods issued for private use

What is a Tax Registration Number (TRN) and how do I get TRN in Dubai or elsewhere in the UAE?

TRNs, or Tax Registration Numbers, are 15-digit numbers assigned to businesses that complete the application process and register under VAT law. It serves as the identification number for VAT registration with the Federal Tax Authority (FTA).

A business entity in Dubai or the rest of the UAE must complete the VAT registration process through the FTA e-portal (www.tax.gov.ae). To obtain a TRN, the company must submit an application along with a copy of essential documents such as a trade license, share certificates, MOA and AOA, Power of Attorney (if any), passport and Emirates ID of the shareholders and managers, customs registration documents, financial information such as revenue/turnover breakdown for the previous 12 months, and so on.

Are you confused about choosing the best VAT consultancy in Dubai? Well, the answer to your query lies in the next step.

Capella tax consultancy L.L.C, UAE ( FTA Certified Tax Agency)

Capella tax consultancy is a Certified Tax Agency & Tax Agent by the FTA ( Federal Tax Authority ) in UAE, and one of the leading Tax consultant in UAE. We are specializing in the delivery of world class professional services in Financial Management, VAT Registration , VAT Implementation, Accounting, Tax Consulting and compliance-related services. Our team of qualified Tax consultants , Chartered Accountants and Advisors has the expertise and dedication to ensure you receive the right advice to help you comply with ever increasing Tax laws and regulations in UAE.

We provide the best VAT consultancy services in Dubai, which include:

  • VAT compliance and control
  • Filing and payment
  • Data recording and management
  • Accounting
  • Supplier management
  • Customer management

Get in touch

Complete the form below and one of our senior team will contact you personally

Our Offices

DUBAI

Empire Heights, Podium Floor 3,
Business Bay, Dubai, 124584, UAE

Phone : +971 42 971 738
Mob: +971 50 496 2877

Email : hello@capella.ae

REQUEST A FREE QUOTE NOW!

Take the first step towards improving your accounting system

Fill out the form below and we’ll be in touch with you soon:

    (required)

    (required)

    (required)


    Our Offices

    DUBAI

    Empire Heights, Podium Floor 3,
    Business Bay, Dubai, 124584, UAE

    Phone : +971 42 971 738

    Email : hello@capella.ae

    REQUEST A FREE QUOTE NOW!

    Take the first step towards improving your accounting system

    Fill out the form below and we’ll be in touch with you soon:

      (required)

      (required)

      (required)