Vat/Tax
VAT or Value Added Tax Added Tax is an indirect tax or a type of general consumption tax. A country that has adopted a VAT system is imposed on most supplies of goods and services that are purchased and sold. If a business whose taxable supplies and imports exceed the mandatory registration threshold of AED 375,000 is compulsorily required to get their business registered for VAT. If business supplies and imports are less than the mandatory registration threshold but exceed the voluntary registration threshold of AED 187,500, then the business may choose to register for VAT voluntarily. AT ARC, our VAT expert Team helps to identify various types of transactions of the company to assess and evaluate the impact of Value Added Tax, Advising the company in terms of applicability of VAT in each identified transactions and training the staff- in- charge of the same for legal compliances and helps to review the VAT on monthly or quarterly basis to ensure the legal compliance and documentation.
Businesses are facing problems while preparing themselves for VAT and ever cumulative Tax laws and regulations in UAE. If you are looking for the best VAT Services in UAE that help you in VAT consistency? Get connected with ARC Associates, the best FTA registered tax agent in UAE, having a firm presence in all over the UAE. We offer the best VAT Services in Abu Dhabi, Sharjah & Dubai, and providing clients with a broad range of TAX Services in UAE with accord to the client’s business requirements. We have a specialist team with thorough knowledge & vast expertise regarding VAT rules & regulations.
VAT Consultation/Advisory: Most significant part of our services which allow us the chance to completely comprehend the everyday tasks of a customer's business, their VAT inputs & outputs, the sort and volume of supplies they make, their record-keeping dimensions and so on. This allows us to evaluate how VAT applies to their business & distinguish the progressions that are needed to existing business processes and accounting systems. Our experts are providing genuine and right advice on every tiny critical issue about VAT in UAE and offering the best VAT Services in Sharjah, Dubai, Abu Dhabi, & all over the UAE.
VAT Registration: It is mandatory for the organizations that are surpassing the yearly turnover of AED 375,000. Through this VAT registration, firms will get their Tax Registration Number (TRN) and after that, they need to begin gathering VAT and start filing their VAT returns on a monthly or quarterly basis. We help registration of businesses and entities subjected to VAT with the Federal Tax Authority. Our VAT registration service ensures that organizations that are qualified to have the TRN must get the TRN on schedule.
VAT Implementation: ARC provides VAT implementation services to businesses working in different emirates of the UAE to obey with FTA regulations. It is vital to recognize whether a company's existing accounting system can deal with different sorts of input & output VAT, just as to create VAT return records & FTA Audit documents in the affirmed formats. Organizations will likewise need to evaluate the impact of VAT on their cash flow & distinguish approaches to limit any negative effect. We can help customers to address all these problems and can guarantee that your accounting system is completely compliant with FTA regulations & accounts for VAT on all the business transactions.
VAT-Compliant Bookkeeping: We can discover the best sales tax and VAT compliance solutions for your business. We scrutinized pricing, competence, what each provider bids and ranked them for you. We guarantee that clients’ books of accounts are updated on a timely basis and all purchases, sales & expense transactions are documented in full compliance with VAT regulations. Also, we can make the invoices and credit notes as per FTA-approved formats. We can assure you of preparing the record of an account with every tiny detail of the transaction recorded in the sheet.
VAT Returns: VAT returns must be filed on a quarterly or monthly basis, liable to the size of the business. ARC Associates can assist clients with the correct and timely filing of VAT returns, and can also deliver guidance with the process of settlement for amounts outstanding.
VAT Recovery: Companies whose input VAT surpasses their output VAT for the period, are qualified for seeking repayment from the FTA. The FTA may demand clarification or further supporting records before preparing the refund. Here we can liaise with the FTA for customers on all tax-related issues. Likewise, we can apply for the de-registration of VAT on a customer's behalf.
Would you like to know more about our VAT Services in Dubai, Sharjah, Abu Dhabi & across the UAE? Want us to take care of your VAT-related business requirements then no more waits, get in touch with our friendly and professional team today!