The introduction of VAT in the UAE has enforced consistent accounting practices, making it easier for businesses to consolidate and maintain the tax regime. Henceforth, businesses are required to appropriately record all financial transactions, invoices, and cash outflows to remain compliant with the new tax laws and to file their VAT returns on time.
Now is the time to decide wisely and hire Fortius to handle your VAT requirements. Our team of VAT consultants are some of the best in Dubai and the UAE. We are highly qualified and professionally equipped to guide you through the intricate VAT-related tax and accounting processes per FTA or the Federal Tax Authority laws.
Besides understanding your business, we will also determine how VAT will impact your business in the future. You can rely on our VAT experts to help your organisation run smoothly with our authentic and reliable VAT services.
For VAT registration, our team will:
Our VAT implementation services include:
Allow us to handle your:
In addition to filing the VAT return form, we offer the following services:
In most cases, value-added tax will apply to governmental suppliers, and it is best to hire VAT implementation services for better assistance. This will prevent government agencies from enjoying preferential treatment over private companies. However, if a government agency is not in direct rivalry with a private company or is the sole supplier of a particular service, the service will be exempt from VAT. Some government agencies can get their VAT back. The supply itself, not the government agency receiving it, will determine how the supply is handled. Supplying a government agency would not change the treatment even if the supply is included in the standard rate.
Regularly, within 28 days after the end of the tax period, taxable individuals or companies have to file VAT with the FTA. All tax returns must be submitted electronically using e-Services, and hiring VAT registration services will be of great help.
VAT refunds shall be issued after the application has been received and verified, with an emphasis on preventing fraud. By getting in touch with VAT implementation services, you will gain a sound knowledge of everything about VAT.
In the United Arab Emirates, value-added tax (VAT) has confused businesses; thus, hiring VAT registration services is recommended. Businesses frequently employ discounts as a means of luring in new clients. A discount is defined as a price cut. Discounted rates in UAE will be subject to VAT as per the FTA.
Fortius VAT implementation services offer a VAT health check to help companies in the UAE avoid fines from the Federal Tax Authority. It reduces the potential for the business to become overly dependent on its current methods of operation. A VAT assessment will help your company run efficiently. Fortius VAT implementation services examine your company's prior VAT filings and, in the event of any discrepancies, will propose and recommend solutions.
Exemption from VAT registration applies when all your supplies are zero-rated. Meeting this criterion might qualify you for an exception to VAT registration. Consequently, quarterly VAT returns could be waived. Regardless of your tax registration status, maintaining proper commercial accounting records remains mandatory even if you are exempt.
UAE's VAT Decree Law No. 18 of 2022 introduces significant changes effective from January 1, 2023. These include extending the statute of limitations for audits, introducing time limits for tax invoices and credit notes, addressing domestic reverse charge, related party supply valuation, and input tax recovery documentation. UAE businesses must evaluate these changes' impact on operations and historical tax positions, ensuring readiness for the new regulations by 2023.