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VAT Implementation Service in Dubai

We’re a leading firm of chartered accountants & VAT/Tax advisers supporting entrepreneurs, high net worth individuals, family offices and growing businesses in UAE.

VAT got implemented in the UAE with effect from 1st January 2018. VAT (Value Added Tax) is an indirect tax which is charged at every level of supply of goods or services or both. Businesses need to take necessary steps for VAT implementation in UAE into their operations.

In order to comply with the requirements of the UAE VAT law, it is important that businesses in the UAE are guided properly with regards to developing a strategy to implement VAT compliant systems into their business operations. Alya Auditors in Business Bay, Dubai offers support to businesses for VAT implementation in Dubai, Abu Dhabi as well as Sharjah and all other northern emirates.

Being ‘VAT Ready’ signifies about today’s readiness for VAT.First of which is about ensuring that all the financial transactions are recorded and books of accounts are accurate and up to date. This is because, the books of accounts will act as evidence for minimum annual turnover threshold limit for registration and on this basis, either you will be mandated to register or you can request for exemption from registration.

Secondly, being ‘VAT Ready’ means, you have to charge VAT on the supply of taxable goods and services, account the VAT paid on the purchases such that Input tax deduction can be claimed and finally, you have to file online VAT returns on a regular basis, disclosing the details of VAT charged and paid.

VAT Services in UAE

Our VAT Service in Dubai Includes

VAT Record Keeping

A taxable person in UAE is liable to maintain accounts and records for a period of five years in the new UAE VAT Tax LifeCycle.

VAT Record Keeping

FTA can ask for details like Annual accounts, General ledgers, VAT Ledgers, Records of all supplies and imports, etc, from individual traders as well as business firms.
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VAT Amendment

FTA allows the taxpayers to modify the registration details online by login in to the FTA portal.

VAT Amendment

Any changes in the details after registering, needs to be reported immediately to the FTA.If the changes are not notified and amended, a penalty could be levied.
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VAT Documentation

A VAT registered business must keep full and true records of all business transactions which are related to the liability of VAT.

VAT Documentation

Based on the threshold, business can apply for registration or can seek exemption from VAT registration.
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VAT De-registration

Tax De-registration is the provision for a registered taxable person to cancel his/her VAT registration.

VAT De-registration

The penalty for failing to apply for a mandatory de-registration of VAT within the specified time frame of 20 business days.
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VAT Training

Our VAT training gives informative sessions for you and your employees to give clear concept and understanding of every vital technicality of VAT.

VAT Training

Our Training program examines the rules and regulations of VAT and the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time.
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VAT Refund

When the input tax is greater than the output tax on a VAT return, the taxpayer can request a VAT refund after filing their VAT return.

VAT Refund

When a taxpayer submits a claim for refund, the FTA will process and review the application within 20 business days of submission.
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Why Choose Alya Auditors for VAT Implementation

VAT Implementation in Dubai uae

Our team of qualified tax professionals who are excellent at their work to offer taxation consulting services to your company. These professionals have a rich experience that they have gathered over the years of working with other bigger companies as well as multinational companies on tax related issues. 

VAT compliance brings along with it a certain business goodwill. In fact, many large firms are often reluctant to conduct business with companies that aren’t VAT-registered.

VAT filing guards your business and gives a legal assurance and proof of your business existence.

Our firm is famed for being focused on service delivery and if you were to hire our consultancy services then you will stand to experience and benefit from our service delivery that is second to none. We will access all the business accounts, levels, needs and goals and come up with a working tax plan to ensure that your business/company remains tax compliant all the time. 

Our firm will help you in your tax planning and make it part of your business strategy as it will help your business experience maximum profitability while limiting the chances of being exposed to tax liability.

Alya's VAT Implementation Process

The TAX experts/ VAT Experts visit your office to understand the business model for designing a VAT Implementation plan which suits for the UAE VAT Regulations for your business.

In this phase, we provide training on the concepts of VAT in the UAE & discuss about the business type & its issues on compliance to the UAE VAT Law. Provisions shall be made to train the employees from each department having implication on VAT.

In order to have a better clarity and appraisal for the management and to streamline the operations of the company by complying with the UAE VAT requirements, we study the impact on business on working capital, costing and profitability.

Review and cross-check on the effectiveness of supply-chain management and sample transactions, highlight the potential areas in terms of VAT compliance.

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