VAT Compliance Services in UAE

Assisting in the process of registration or deregistration.

• VAT Return review
• VAT Filing review
• VAT Audits
• VAT Consultancy
• Accounting & Bookkeeping 

Required Documents:

The documents required for applying for VAT Registration in UAE. Include:

• Copy of trade license.
• Passport copy of business owner and partners.
• Copy of Emirates ID of owner and partners.
• Memorandum of Association (MOA) of the company and Articles of Association (AOA).
• Company contacts details and address.
• Bank account details.
• The monthly income statement for 2017 till date as per FTA format.
• Nature of business and activities performed.
• Expected turnover in the next 30 days.
• Customs registration details (if applicable).
• Authorized signatories’ Emirates ID, Passport, and authorization documents.

Businesses must apply for VAT registration if taxable supplies and imports exceed the mandatory registration threshold of AED 375,000. Additionally, a company can choose to register for VAT voluntarily. When the total value of its taxable supplies and imports (or taxable expenses) exceeds the voluntary registration threshold of AED 187,500. MASAR  offers a VAT registration service to ensure that companies eligible to have the TRN must obtain the TRN on time.
Read more: VAT number online

After you register your business with a VAT number, your business must issue a VAT invoice. All companies must follow the VAT invoice format issued by the FTA to avoid VAT fines and penalties in the UAE. How to prepare a tax invoice in the UAE is a very critical question and task for all businesses. The Tax Registration Number (TRN) must be mentioned on all tax invoices. If the TRN is not mentioned on the tax invoice, the customer is not required to pay VAT.
Read more: FTA VAT invoice format.

VAT Return

The presentation of the VAT return is mandatory for all companies subject to tax. Once you have registered for VAT in the UAE. You must file your VAT return and make the related VAT payments within 28 days of the end of the tax period. If your business does not file a VAT return on time or submits an incorrect VAT return. You will need to undergo a VAT audit and VAT penalties from the FTA. MASAR Chartered Accountants offers quality and timely VAT return services in Dubai on a monthly and quarterly basis.
Read more: Presentation of the VAT return

VAT Refund

Input VAT is the tax payable on items (goods and services) purchased by a business or taxable person in the UAE. On the other hand, input VAT is a tax levied on items sold by a company or taxable person in the UAE. If your business pays more tax than the taxes your business collects from customers. You are eligible to apply for an FTA VAT refund in the UAE. MASAR Auditing offers VAT refund services to assist our clients with their VAT refund requests.
Read more: VAT refund

Voluntary VAT disclosure:

The voluntary VAT return form is provided by the FTA to the taxpayer. Who wishes to notify the FTA of an error or omission in a tax return or tax refund application. Voluntary VAT return form requires careful consideration and it may be worthwhile to seek professional advice from a registered tax advisor. Before making voluntary returns so that the potential consequences can be considered and addressed.
Read more: Voluntary communication of VAT

VAT Deregistration:

VAT deregistration in the UAE allows a taxable person or company to cancel the VAT registration. And suspend the tax identification number (TRN). VAT cancellation is an online process. Only companies registered with the Federal Tax Authority (FTA) can waive VAT. MASAR will help you cancel your company from the FTA. We will ensure that the VAT cancellation process is completed without receiving VAT penalties from FTA.
Read more: VAT Deregistration

VAT Courses

The goal of our VAT training is to help all UAE accountants, tax experts, and professionals understand the basic and technical mechanisms of VAT in the UAE. Our VAT training courses in Dubai will ensure that your business follows the rules and regulations of the Federal Tax Authority (FTA). VAT training will allow you to implement VAT correctly and efficiently in your organization.
Read more: VAT courses

VAT Audit

By conducting a VAT audit, the government will check if the company is following all VAT laws and implementing VAT under the FTA regulation. Through the UAE VAT audit, FTA will verify the VAT returns and VAT refunds submitted by the taxpayer. MASAR will fully represent your business before the Federal Tax Authority (FTA). We are providing a VAT status check to ensure VAT compliance.
Read more: VAT Audit

VAT Consultancy:

If companies make a single mistake in handling VAT. The FTA will impose heavy penalties. If so, expert advice will help you avoid those fines. VAT is a very sensitive issue and must be addressed with experience and knowledge. The goal of VAT consultancy is to offer the best and most authentic VAT solutions to all companies.