The UAE’s Value Added Tax (VAT) was implemented on 1 January 2018, All the taxable supplies are Liable to VAT at the rate of 5%. The new tax was enacted with a view to provide the government a stream of revenue other than oil earnings.

A business collects VAT from its customers and deposits it to the government by filing VAT Returns. The VAT paid to suppliers by a VAT-registered firm can be adjusted against the Output VAT Liability.

If the aggregate taxable supplies and imports exceeds AED 375,000, the entity is liable to register under UAE VAT Law. If your taxable supply and imports total more than AED 187,500, you can even voluntarily register to pay VAT.

Non-compliance of VAT law attracts penalties and fines depending on the nature of contravention.

Our UAE VAT related services include:

• Applying for Tax Registration Number
• VAT Related Consultancy
• VAT Return Filing
• Related Litigation Matters
• Annual Wash up
• Health Check-up of VAT compliances

Compliances:

Monthly periodicity -Filing monthly VAT Return on the 28th of the succeeding month

Quarterly periodicity- Filing Quarterly VAT Return on the 28th of the month succeeding the quarter.