VAT Registration in Dubai

Business Heads provide VAT services across UAE. VAT is a Tax on the transactions of goods and services, applied at each stage of the supply chain and is based on the value added at each stage. VAT is an indirect Tax on all the consumption of goods or services imposed at the time of sale. Value Added Tax (VAT) was introduced in the UAE on 1st January 2018. The standard rate of VAT is 5 % in UAE. The new VAT laws have left a huge impact on the business operations and Tax environment of the UAE.

Criteria for VAT Registration in UAE:

Compulsory: A business must register for VAT if its taxable supplies and imports exceed AED 375,000 per annum

It is optional/Voluntary Registration for businesses whose supplies and imports exceed AED 187,500 per annum.

A business house pays the government, the tax that it collects from its customers. At the same time, it receives a refund from the government on tax that it has paid to its suppliers

Foreign businesses may also recover the VAT they incur when visiting the UAE.

Therefore, it’s important for every business in the UAE to know about the VAT laws and how they could leave an impact on their business operations and transactions. Businesses are required to register under UAE VAT law, file VAT returns within the time frame given by the FTA and can claim VAT refunds as long as they meet the eligibility criteria required for it. If in any case, you find that your firm is not able to cope up with the newly applied VAT laws from an extremely professional firm like Business Heads.

Need Help? We Are Here To Help You

Contact Us

 VAT Consultancy & Advisory

We have provided Value Added Tax (VAT) since the introduction of the Technical guidance to companies about how they should ensure Proper tax acceptance and compliance. At Business Heads, our number one priority is to ensure that our clients benefit from personalized solutions tailored to their needs. This customized approach helps us to help our clients develop a thorough understanding of VAT policies and regulations. Due to the complexities of its rules and regulations, we understand that Value Added Tax management is an ongoing problem for many companies in the UAE.As such, our team of VAT experts is ready to support businesses at all times. To ensure optimum compliance, owners acquire realistic yet sound solutions and handling their responsibilities as well. With us around, our customers are Ensured sufficient protection from sanctions and unexpected penalties Responsibilities. Our team of financial experts and consultants in the field of VAT have the skills and experience needed to understand the complexities of Our clients' businesses. Their experience makes it possible for them to deliver comprehensive VAT advisory services aimed at helping our customers thrive Although we protect their taxation needs, companies.

 VAT/TRN De-Registration

Business Heads providing VAT/TRN De-Registration Services Across UAE. Generally, the cancellation of TRN/VAT Registration is called VAT Deregistration with the Federal Tax Authority (FTA). There could be various reasons, why a previously taxed business or an individual can opt for cancelling their registration for VAT. Such reasons are needed to fall under the conditions defined by the law related to VAT. Unless the reasons are valid and the conditions are fulfilled, the FTA might disapprove the application to deregistration. Even with the valid reason, the approval from FTA will show the status of the application as “Pre-Approved” and will only be considered complete when all these liabilities are cleared and afterwards fully deregistered.

VAT deregistration of TRN from the FTA is required in certain cases. Following are the scenarios when a VAT Registered person should go for De-Registration.

• 1. If he stops making Taxable Supplies.

• 2. If the value of the Taxable Supplies made over a period of 12 consecutive months is less than the Voluntary Registration Threshold (AED 187,500) and will not anticipate to cross the Voluntary Registration Threshold during the next 30- days.

• 3. If the value of the Taxable Supplies made over a period of 12 consecutive months is above the Voluntary Registration Threshold (AED 187,500) but below Mandatory Registration Threshold (AED 375,000) and will not anticipate that they’ll cross the Mandatory Registration Threshold during the next 30-days.

The penalty for failing to apply for a mandatory de-registration of VAT within the specified time frame i.e. within 20 business days, from the occurrence of the event causing the tax payer entity to get eligible for tax deregistration, is AED. 10,000.

This entire process may seem a little bit chaotic to a person who doesn’t have proper idea. This is the reason why you have to get in touch with a reliable VAT consultant who can help with the entire deregistration process without any mistakes which leads to penalties. We, Business Heads with good experience can handle the entire process while you can focus on any other work you have.

 VAT Return Filing

Business Heads providing VAT Return Filing Services across UAE. VAT Return filing is the official tax document to be submitted to the Federal Tax Authority before the due date. VAT Return filing has to be done by the Taxable Person at regular intervals depends upon his tax period. The VAT Return should show the details of any output tax due and input tax recoverable together with other information as required by the format in the FTA portal. It can be filed either by a taxable person or any other person who has been authorized to do so on behalf of the Taxable Person - A Tax Agent or a Legal Representative.

Federal Tax Authority has published the VAT Return Format in their web site “VAT201- VAT Return”. In order to access it, a registered person have to login to the FTA e-services portal using their registered username and password. The standard Tax period applicable to a Taxable Person is a period of three calendar months. However, FTA has assigned different Tax Periods only for the first quarter. While doing the VAT Return filing process, details of the Taxable Person will be pre-populated and current VAT Return Period, Tax year end, VAT/Tax Period reference number and VAT Return submission due date will also be generated automatically.

After filling the details in the VAT Return Form, the net amount payable will be automatically calculated. In case where the payable value is negative, you can will have two options – To get a refund or to carry forward the amount to the next Tax period. The due VAT should be paid through e-Dirham payment gateway which supports payments through a VISA/Master Card.

Tax professionals at Business Heads provides the best VAT Return Filing Services in the UAE even at you place in a periodical basis to compile for your VAT Return Filing. We offer Complete assistance for guidance and follow-up of VAT Return in accordance with the provisions of UAE VAT law.

 VAT Refund in Dubai, UAE

• VAT Refunds (Excess of purchase VAT/Less sales VAT)

• Refund for Excise Tax (Access Amount) in Dubai, UAE

• VAT Refund for Tourists in Dubai, UAE

• Tax Refund for UAE Nationals (New Residences)

Tax professionals at Business Heads provides the best VAT Return Filing Services in the UAE even at you place in a periodical basis to compile for your VAT Return Filing. We offer Complete assistance for guidance and follow-up of VAT Return in accordance with the provisions of UAE VAT law.

Tax professionals at Business Heads provides the best VAT Return Filing Services in the UAE even at you place in a periodical basis to compile for your VAT Return Filing. We offer Complete assistance for guidance and follow-up of VAT Return in accordance with the provisions of UAE VAT law.

The Federal Tax Authority (FTA) UAE has created several refund programs since the UAE implemented VAT in 2018 to benefit groups of people and Businesses. The VAT they paid on purchases in the UAE may be refunded to qualifying individuals even though they are not taxable persons in the UAE. Foreign visitors to the UAE and enterprises from other countries may benefit from some of the VAT refund schemes by the FTA. In addition, certain programs are targeted toward populations, such as UAE citizens, international governments, and organizations.

TEntities must adhere to rules set by the Federal Tax Authority (FTA) in order to use these schemes. It might be difficult for applicants to comprehend the rules and circumstances of the plan, but speaking with Tax Agents in Dubai, UAE will make the process easier. The following is a list of unique VAT refund programs in the UAE.

VAT Refund for registrant’s business in UAE, A registrant’s business has excess credit in the FTA account and wishes to request a refund for the whole amount or part thereof. Once this refund request has been submitted, it will need to be approved by the FTA and in certain cases, the FTA may request additional information to support the claim. The company may only request a refund once per Tax Period.

Estimated Time to Complete Application by the FTA,20 business days from the date the completed application was received.