VAT SERVICES

Value-Added Tax or VAT is a tax on the consumption or use of goods and services raised at the point of sale. The VAT is a form of indirect tax and is applicable in more than 150 countries around the world. All countries have VAT (or similar regulation). While it feels similar to Sales Tax generally imposed on end-consumers, VAT is a more advanced tax system and overcomes many challenges that affect the general sales tax.
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As each jurisdiction has its own rules on accounting and the timeframe for submitting tax returns, THE BUSINESS SETUP will contact you at the right time to ask you to provide us with the necessary documents to draw up the accounts.

Our VAT Services

We Provide All Types Of Accounting Works For Your Business

Accounting

We Provide All Types Of Accounting Works For Your Business
We Provide All Financial Statement Works For Your Business

Preparing Financial Statement

We Provide All Financial Statement Works For Your Business
We Provide All Types Of Auditing Works For Your Business

Auditing

We Provide All Types Of Auditing Works For Your Business
We Provide All Types Of Tax services For Your Business

Complete Tax Returns

We Provide All Types Of Tax services For Your Business

VAT is a form of indirect tax and is applicable in more
than 150 countries around the world.

Registering for VAT

An entity must register for VAT if their taxable income exceeds the mandatory registration limit of AED 375,000. Furthermore, an entity may choose to register for VAT voluntarily if their income is less than the mandatory registration limit but exceed the voluntary registration cap of AED 187,500. Similarly, an entity may register voluntarily if their expenses exceed the voluntary registration cap of AED 187,500. This option to register voluntarily is available to enable start-up companies with a low turnover to register for VAT.

Mandatory VAT rules on entities

● Must charge VAT on taxable goods or services they offer
● May reclaim any charged VAT on business-related goods or   services
●Keep accounts record which will allow the government to evaluate and receive the collected VAT

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The designated zones are exempted from VAT

According to a cabinet decision no 59 of 2017 on designated zones for the purposes of the federal decree law no 8 of 2017 on Value Added Tax, there are some VAT exempted zones:

● Free Trade Zone of Khalifa Port
● Abu Dhabi Airport Free Zone
● Khalifa Industrial Zone

Abu Dhabi

● Free Trade Zone of Khalifa Port
● Abu Dhabi Airport Free Zone
● Khalifa Industrial Zone
● RAK Economic Zone (RAKEZ)
● RAK Maritime City Free Zone
● RAK Airport Free Zone

Ras Al Khaimah

● RAK Economic Zone (RAKEZ)
● RAK Maritime City Free Zone
● RAK Airport Free Zone
● Hamriyah Free Zone
● Sharjah Airport International Free Zone

Sharjah

● Hamriyah Free Zone
● Sharjah Airport International Free Zone
● Ajman Free Zone

Ajman

● Ajman Free Zone
● Umm Al Quwain Free Trade Zone in Ahmed Bin Rashid Port
● Umm Al Quwain Free Trade Zone

Umm Al Quwain

● Umm Al Quwain Free Trade Zone in Ahmed Bin Rashid Port
● Umm Al Quwain Free Trade Zone
● Fujairah Oil Industry Zone (FOIZ)
● Fujairah Free Zone

Fujairah

● Fujairah Oil Industry Zone (FOIZ)
● Fujairah Free Zone
● Dubai Cars and Automotive Zone (DUCAMZ)
● Dubai Airport Free Zone (DAFZA)
● Jebel Ali Free Zone (JAFZA)
● Zone Area in Al Qusais
● Zone Area in Al Quoz
● Dubai Aviation City
● Dubai Textile City

Dubai

● Dubai Cars and Automotive Zone (DUCAMZ)
● Dubai Airport Free Zone (DAFZA)
● Jebel Ali Free Zone (JAFZA)
● Zone Area in Al Qusais
● Zone Area in Al Quoz
● Dubai Aviation City
● Dubai Textile City
● Dubai Cars and Automotive Zone (DUCAMZ)
● Dubai Airport Free Zone (DAFZA)
● Jebel Ali Free Zone (JAFZA)
● Zone Area in Al Qusais
● Zone Area in Al Quoz
● Dubai Aviation City
● Dubai Textile City

Dubai

● Dubai Cars and Automotive Zone (DUCAMZ)
● Dubai Airport Free Zone (DAFZA)
● Jebel Ali Free Zone (JAFZA)
● Zone Area in Al Qusais
● Zone Area in Al Quoz
● Dubai Aviation City
● Dubai Textile City

We Provide Free Consultation

A good business consultant has experience in the business world and comes to you with fresh eyes and a range of experience. While you know the history of your business and how you got where you are. When you’re running your business, it’s hard to step away and take an honest outside look at how you’re doing and whether you’re making mistakes. 

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