HLB HAMT, as experienced VAT consultants in Dubai, Sharjah, and Abu Dhabi, UAE, can resolve any VAT-related concerns in a reasonable timeframe. Speak to our VAT Experts
2. In today’s competitive market, every company has distinct challenges. HLB
HAMT, as experienced VAT consultants in Dubai, Sharjah, and Abu Dhabi,
UAE, can resolve any VAT-related concerns in a reasonable timeframe due
to their skill and in-depth expertise. We distinguishes itself from the
competition in this area by providing effective VAT assistance to our
clients. Our professional VAT consultants not only inform customers to
address current and future issues, but they also assess our clients’ needs
and propose appropriate solutions.
3. VAT Consultants in UAE: A Brief
VAT is a sort of consumption tax that is charged when a commodity or
service is valued. It is a tax imposed on the goods and services purchased
by individuals and corporations.
HLB HAMT is prepared to serve you and offer you with the finest service
at a reasonable cost.
VAT consultants have been supporting businesses in adhering with the
UAE’s VAT laws since the installation of VAT in Dubai. The institution in
responsible of tax collection and administration is the Federal Tax
Authority (FTA). To aid business companies, the body offers all legislation,
including recommendations and explanations.
4. VAT Consultants in UAE: A Brief
VAT experts assist business owners with effective tax planning, allowing
them to better control tax outflow and manage working capital. VAT
consultants may help organizations with VAT Advisory and VAT
Compliance services, among other things.
Our universal approach ensures long-term corporate success while
employing updated techniques to address any tax-related issues. Let’s
have a look at our services as dependable VAT consultants in Dubai, UAE:
5. VAT Consultants in UAE: A Brief
VAT Transaction Advisory in UAE
VAT transaction advisory services are a service in which a VAT specialist
examines individual business transactions to determine if VAT applies. Such
services are exclusive to a company. This allows us to examine how VAT
affects their firm and determine what improvements to their accounting
systems and business processes are necessary.
6. VAT Consultants in UAE: A Brief
VAT Registration in UAE
The VAT law establishes thresholds for required and optional VAT
registration. It’s critical to figure out which of your company’s operations are
considered taxable supply for VAT reasons. Certain enterprises – generally
start-ups may find it advantageous to register for VAT on a voluntary basis in
order to recoup their input tax early. It’s also crucial to make sure a business
registers for VAT before the deadline to avoid fines for late registration.
7. VAT Consultants in UAE: A Brief
VAT Transaction Analysis in UAE
The VAT law establishes thresholds for required and optional VAT
registration. It’s critical to figure out which of your company’s operations are
considered taxable supply for VAT reasons. Certain enterprises – generally
start-ups may find it advantageous to register for VAT after an analysis on
the various transactions to be carried out by the entity. This will help to
determine the correct applicable taxation point and requirement for
registration.
8. VAT Consultants in UAE: A Brief
VAT Returns Filing in UAE
Based on the scale of the company, VAT returns must be completed
monthly or quarterly. HLB HAMT can help customers file VAT returns
correctly and on schedule, as well as guide them through the process of
settling outstanding sums.
9. What is the difference between input
and output VAT?
The VAT that a company pays to suppliers for all business-related goods,
machinery, and costs is known as input tax.
Output tax is the VAT that a VAT-registered firm in the UAE charges on
goods and services that it provides to consumers or clients. For each
taxable sale, a firm charges output tax, which it then collects.
Assistance of VAT consultants in Dubai
Given the challenges of the VAT procedure in today’s volatile business
environment, HLB HAMT’s knowledge ensures that your organization
goes as planned. By combining our complete taxation solutions with
Dubai VAT consultancy services, our team can provide top-notch
solutions for your company.
10. Frequently Asked Questions – VAT
Consultants in Dubai
Why do you need the services of a VAT consultant in Dubai?
VAT is sometimes regarded as a complex process, and it needs the
assistance of qualified and experienced VAT consultants in Dubai to help
businesses adhere to the rules.
Is VAT charged on consultancy services?
If supplied within the range of VAT, consultation may be subject to a VAT rate
of 5% or 0%, depending upon the type of the activity. Only by examining the
circumstances of the activity can the tax rate for consultancy services be
decided.
11. Frequently Asked Questions – VAT
Consultants in Dubai
Why should businesses assist HLB HAMT’s VAT consultancy services?
Businesses must select the best VAT consultancy services in Dubai, UAE based
on a number of criteria, including the tax consultant’s competence, proficiency in
VAT registration, VAT refunds, and tax filing. VAT concerns can be handled
efficiently by a VAT consultant who is well-versed in all the technical
advancements in the sector.
Does VAT apply to all goods and services?
Whether explicitly excluded or excused by legislation, VAT, being a general
consumption tax, will affect the majority of goods and service transactions.
Is it necessary for an individual to pay a 5% value-added tax on imports from
outside the UAE?
No, such imports are considered exempt from the UAE’s value-added tax.
12. Frequently Asked Questions – VAT
Consultants in Dubai
Are all free zones in the UAE VAT designated?
No, just the free zones that the UAE Cabinet has defined as designated
zones.
Is VAT applicable to the supply of services in designated areas?
Yes, in designated zone and when supplying services to the mainland, a 5%
VAT is charged.
Have there been any particular requirements in the UAE VAT Law that
apply to specified areas?
Yes, the designated zone is regarded as being outside the UAE in terms of
value-added tax, which implies that most activities performed in the
specified place will receive preferential value-added tax treatment.
13. Frequently Asked Questions – VAT
Consultants in Dubai
Will items that are free from customs charges be excluded from VAT as
well?
Some imported items are free from customs charges but are liable to VAT.
What other taxes does the UAE intend to impose?
The UAE will implement corporate tax on June 1, 2023, in accordance with
international best practice.
How long does a taxable person have to keep VAT invoices?
VAT invoices produced and accepted must be kept for a minimum of 5 years
by any taxable person.
14. CONTACT US
HLB HAMT
Level 18, City Tower-2,
Sheikh Zayed Road
PO Box 32665
Dubai – United Arab Emirates. Tel: +971 4 327 7775
E-mail: dubai@hlbhamt.com
www.hlbhamt.com
