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TAX CONSULTANCY

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  The term VAT was first coined by UAE government, back in 2018 . VAT stands for Value Added Tax. Its tax ratio is 5%. it really very helpful and playing a vital role in fiscal management at federal extent. Leaving some major impressions on independents, employers and business through over all UAE. FTA UAE: FTA stands for Federal Tax Authority. The authority came into being under the federal law of 2016, decree # 13. The administration is responsible for taking, managing and pile up federal tax as well as all VAT fines. On the other hand, the authority is also accountable for generating tax revenues and answerable of registering the tax plans throughout UAE. FTA UAE is working with MoF to play a significant role towards the betterment of UAE economy.   Their basic purpose is to generate revenue other than oil sources. They are making UAE stable and also guiding to individuals and businessmen regarding tax issues all around United Arab Emirates. TAX CONSULTANCY “TAX CONSULT
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VAT TAX Consultant in Dubai UAE

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  Vat Consultancy provides comprehensive VAT Services in Dubai UAE. Get in touch with our well-experienced VAT professionals will keep you away from all your Accounting and Vat issues in Dubai UAE. Tax Agent Service VAT Registration and Tax Returns VAT Deregistration VAT Refunds Application Reconsideration of Fines and Penalties Tax Audit and Assessments Excise TAX Consultancy Excise Tax Registration Excise Tax Return Filing Excise Products Registration and Retail Sales Prices Warehouse Keeper &Designated Zone Registration Call Us Today ! +971 56 127 4824
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What is UAE VAT Reconsideration and how to apply?

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  UAE VAT Reconsideration means when a business or taxable person who received a penalty from FTA can apply for vat reconsideration in UAE within 20 business days after receiving the penalty. The business or a person has to appeal for the review of the decision made by FTA. All business or companies must know about the tax laws to run the business properly. If a business or taxable person do not follow the rules and tax laws issued by FTA must be punished or will get vat fines and penalties. How to apply for UAE VAT Reconsideration The VAT reconsideration form can be downloaded from FTA website. A business can submit value added tax Reconsideration form online. You can submit Arabic language only: Documents Required If any business or a taxable person are not satisfied with the decision made by FTA. It is possible to request them to reconsider the taken decision. The following are the documents for UAE VAT Reconsideration: 1. Emirates ID of the authorized signatory. 2.
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VAT For Designated Zone

  VAT For Designated Zone The federal Tax Authority of UAE is the central authority of taxes. The value added tax was introduced in the UAE on the first January 2018. The rate is 5%. Vat is the new source of income for the UAE.As a general consumption tax on the supply of goods and services. It applies to those supplies which take place within the territorial area of the UAE. The designated zone which is known a free zone as well’ is nominated for VAT purposes. The free zone has been excluded from the territorial scope of the UAE for VAT purposes. Only those zones have been listed in a cabinet decision qualify for special VAT treatment has certain limitations. Designated Zones are as under 1.       Subject to strict control criteria. 2.       Required to have security procedures in place to control the movement of goods and people to and from the designated zone. 3.       Required to have customs procedures to control the movement of goods into and out of the designated zone
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Value Added Tax in Dubai UAE

Value added tax (Vat)In UAE Vat stands for value added tax was introduce in the UAE on 1 st January 2018.vat is based on the value of goods and services. Vat is also known as goods or services tax. Vat is indirect tax while (GST) general sales tax is direct tax collected only once paid by the consumers. Vat is the consumption tax placed on the products whenever value is added at each stage of the supply chain from the production to the point of sale. GTS or vat is the major revenue of the state.it is vary from country to country. Vat rate of the UAE is 5%.Tax is the major source of revenue by which a government raise revenue to pay for public services such as amenities education sector, health, defense and infrastructure etc. Excise Tax The UAE system is very strong and stern. There is another tax levied by UAE government i.e. Excise tax it is also main source of revenue. This tax has been imposed in 2017.it is indirect tax imposed on such goods that dream to be harmful to the
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What is Tax Auditing ?

A tax auditing is the official inspection or examination of the tax department to the tax return that declares by taxpayers as required by law. Different countries have various definitions. As far as UAE system of tax auditing is concerned audit is the process or procedure performed by the official auditors broad to inspect the accuracy of the business financial record to regulate tax system. Tax system is a revenue generating source to strengthen the economy of a country. FTA A Tax Audit in Dubai is the government assessment of an organization about its responsible as a taxable entity. Tax audit is conducted by federal tax authority to check the liability is paid and every tax is collected and handover to the government within timeframe provided. Procedure of tax auditing FTA has the authority in the UAE to check the returns and others details concerned with tax auditing. There is no reason to conduct the detail by FTA . First the notice is issued to the company. An audit par
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Location: Dubai - United Arab Emirates
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Value added tax (Vat) In UAE

Vat stands for value added tax was introduce in the UAE on 1 st January 2018.vat is based on the value of goods and services. Vat is also known as goods or services tax. Vat is indirect tax while (GST) general sales tax is direct tax collected only once paid by the consumers. Vat is the consumption tax placed on the products whenever value is added at each stage of the supply chain from the production to the point of sale. GTS or vat is the major revenue of the state.it is vary from country to country. Vat rate of the UAE is 5%.Tax is the major source of revenue by which a government raise revenue to pay for public services such as amenities education sector, health, defense and infrastructure etc. Excise Tax The UAE system is very strong and stern. There is another tax levied by UAE government i.e. Excise tax it is also main source of revenue. This tax has been imposed in 2017.it is indirect tax imposed on such goods that dream to be harmful to the human health and environment.
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