VALUE ADDED TAX (VAT) REGULATORY

We make sure that people related to different businesses in Dubai, Abu Dhabi, Ajman, Sharjah, Ras Al Khaimah, Umm Al Quwain and Fujairah, have a good understanding of VAT and to make sure this happens, we organize certain VAT awareness programs for business owners, corporates, finance professionals and auditors etc. We will make sure that we comply with the business needs of every client and make them understand the workings of different taxation systems.

VAT Experts at Executive Business Solutions are committed to providing the best VAT Advisory Service in the UAE to the clients in compliance with the rules and regulations of VAT in the UAE having their international experience in Taxation. The Tax Team at Executive Business Solutions is professionally equipped with relevant industry experience from different ends of the globe.

Training for implementation of VAT

We understand the need of making the professionals understand the basics of implementing value-added taxes or VAT. All those organizations that come under the jurisdiction of VAT compliance need their finance professionals, accountant and IT professionals trained for effectively understanding the procedures and formalities for the implementation of VAT. We provide this training with a very professional environment. Our training services include a hands-on understanding of the following things:

Understanding the model of business

Our professionals will get a deep insight about the working of your business and will understand the model of working of your company to devise a plan for effective implementation on VAT according to the regulations of UAE’s laws.

Helping the company to get VAT registered

We will make sure that the registration procedures are completed effectively in time and help the company to understand whether or not they come under the jurisdiction of VAT implementation according to the regulations of UAE’s VAT laws.

Analyzing the impact of VAT on the workings of your business

We will make sure to analyze and inform you about all the possible effects on the profitability, costing and working capital due to the implementation of value-added taxes on your services and products.

Handling the process of VAT

We will make sure that your company is effectively managing the VAT and transferring it to the VAT compliance accounts of the government of UAE. For this purpose we will take the following steps:
  • Choose a leader for managing all the VAT related accounts from your company. We will choose someone who is capable and responsible for having this kind of responsibility so that your business does not have to face the consequences of mismanagement.
  • The government will be scrutinizing the accounts of the company and in order for things to work smoothly, we will make sure that all your accountants understand the procedure and group the accounts for ease of understanding.
  • We will make sure that we effectively fulfill all the requirements of the invoicing as per VAT regulations. For this reason, we will keep the VAT laws of the UAE government in the account and make things easy for your company.
  • We will be providing your IT professionals all the important information about accounting, billing and other services that are to be fully managed to have a transparent repost for the government to analyze and pass your business.
  • We will manage the input VAT credit according to the VAT liability of your company and make sure that you can easily file the VAT returns.

Frequently Asked Questions

Will VAT affect my business? Most probably.

VAT, as a general consumption tax, will apply to the majority of transactions in goods and services. A limited number of reliefs may be granted.

A business must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000. 

Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold, but exceed the voluntary registration threshold of AED 187,500.

What are the VAT-related responsibilities of businesses?

Businesses that meet the minimum annual turnover requirement (as evidenced by their financial records) will be required to register for VAT.

Registered businesses and traders will charge VAT to all supplies of goods and services and deemed supplies all of their customers at the prevailing rate and incur VAT on goods / services that they buy from suppliers. The difference between these sums is reclaimed or paid to the government.

All businesses in the UAE will need to record their financial transactions and ensure that their financial records are accurate and up to date.

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