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Best VAT Consultants in Dubai, UAE - Financial Cube
OVERVIEW OF the best VAT Consultancy in Dubai, UAE
Financial cube is the hub of leading VAT consultants in Dubai, UAE. With a robust network and expertise in financial solutions based in the Gulf region. Our partnerships with experienced and a skilled team offers unmatched services in complete Tax integrations, accounting and bookkeeping.
Financial cube a is a professional vat consultants in Dubai with leading organizational skills in high level VAT implementation alongside all essential financial accounting compilations. With the expertise to generate customizable statements in accordance with respective accounting standards. As seasoned VAT experts in Dubai, we have over 250 satisfied clients all over the Emirates with offices in Al Ain, Abu Dhabi, Dubai, and Sharjah.
OUR EXPERTISE
Key VAT Consultancy Service Areas
VAT Consultation Overview
A brief note of VAT Consultation in Dubai, UAE
Why do you need VAT registration? The taxation policies in UAE?
With investment friendly policies and modern infrastructure, Dubai and the UAE has been attracting new enterprises and seasoned entrepreneurs across the globe every year. Coming in with the dreams of enjoying a tax-free regime. One surely hadn’t bothered about filing VAT or hiring a professional VAT consultation service in Dubai until the 1st of Jan 2018, the historic day when Value Added Tax or VAT was added at the rate of 5% in the country for the first time ever for business that grossed the turnover threshold of DH 375,000 annually. This dramatic change has made VAT registration mandatory for businesses to stay legally operational.
More on VAT Consultation in Dubai, UAE
What does the current taxation scenario demand?
A mandatory tax levied on the consumption of goods or services at PoS or point of sales is termed VAT which is deemed at 5% across the entire country of UAE at present.
Whether one should register for VAT filing as a business owner depends on the following government registration criterions.
- A business MUST MANDATORILY have to register if its imports and supplies exceed ADH 375,000 annually.
- It’s VOLUNTARY to register for VAT if the annual turnover exceed ADH 187,500.
Businesses are liable to pay all the tax from customers back to the government. One can claim a tax refund from the government on the taxes paid to their suppliers. Foreign businesses can refund the VAT they incurred when visiting the UAE. Contact financial cube. (For more information and details),
Why do you need VAT consultancy service in Dubai?
Choosing the perfect VAT consultant firm in Dubai can help companies look forward to a host of advantages assisting them to incessantly achieve their business objectives and growth. Staying within the updated tax rules and regulations of the GCC (Gulf Cooperation Council).
How can Professional VAT consultants in Dubai help your business?
A VAT non compliance in the UAE can attract penalizations and can also illegalize your business. It’s your tax consultant that keeps you compliant and your business safe. They can help get your business registered officially on the UAE VAT system. Keeping a tap on the liability and implications in every transaction they help to offer you risk free financial solutions and timely tax consultations.
Things to know before choosing the right VAT consultants in Dubai?
Choose a tax consultancy firm in Dubai that’s been in business for at least 3 years. This step ensures reliability, authenticity, stability, and is well your money’s worth
Our VAT Consultation Services
VAT Transaction
Includes custom bookkeeping services.
VAT Returns Filing
For timely vat return submission and any refunds.
VAT Registrations
Involves hassle free process registration and deregistration of VAT with immediate effect.
VAT Audit
Involves annual and periodic audits conducted by experts.
Accounting
Includes skillful auditing by a team of technical experts with prior experience in finance management and chartered accountancy.
Bookkeeping
Involves digital financial data storage and management organizing all finance and taxation related data in one place.
Advisory on VAT
Includes in-depth tax consultations and authorized VAT registrations as per FTA regulations.
VAT Compliance
Ensuring timely registration and tax liability management services.
Review of Invoices
Ensure complete transparency fulfilling all tax responsibilities.
Client Management
To customize taxation solutions in accordance with client needs.
VAT Liabilities
With timely tax management services and organizational skills we minimize VAT Liabilities.
Risks Identification
Compliance risk & transactional risk will be identified ahead and smoothen the work process.
Why Choose Our VAT Consultancy Services?
Legally Registered & Authorized Tax Agents
Tax agents are the peacemakers between the FTA and the taxable payers in the UAE. Financial Cube is a professional tax advisor team and is a federally authorized practitioner recognized by the Federal Tax Authority. We assist taxpayers to manage with their tax obligations.
Customer Care and Support Team
As trusted financial guides and collaborators. We cater personally to all startups, SMEs and medium scale industry players alongside catering our bigger global clientele. The key to our good customer service is building upon a good client relationship and ensuring trust and confidentiality.
Qualifications & Aunthenticity
The Financial Cube team is professionally qualified as certified Chartered Accountants, management accountants (CMA), Certified Association of Taxation Technicians (ATT) and certified public accountant (CPA).
Client Confidentiality
All client information is kept confidential and remains undisclosed in all circumstances to third parties.
Vat Experts in the UAE
Trained tax professionals with skilled experience in VAT implementation perform detailed transaction analysis highlighting areas warranting clearance or discussion. Skillful VAT planning and compliance. With years of experience and expertise in finance auditing and tax management by a team of skilled professionals proficient in business accountancy.
VAT Consultation Dubai FAQs
What does a VAT consultant in Dubai do?
They offer tax management and tax planning solutions to every business sector in the country. It’s highly advisable for every successful enterprise to hire a professional tax consultant with the complete responsibility of keeping in a steady business growth and optimize resource management.
A VAT consultant can save company assets, plan taxes well in advance, get tax refunds, gain VAT benefits and to avoid any penalties.
How do I apply for VAT in Dubai?
Contact Financial cube for hassle free VAT Registration and De-Regidtration process.
How long does it take to get a VAT certificate?
It is about 20 business days from the date of the completed application that is received. Depends upon the registration of the business whether mandatory or voluntary
What are the documents required for VAT registration in UAE?
List of documents requirements for VAT Registration in Dubai, UAE are-
- A copy of the registered Trade License.
- Passport copy of the owner/manager owning a trade license.
- Emirates ID copy of the owner/manager owning a trade license
- Contact Details of the company or office contact number.
- Memorandum of Association (MOA) – (not mandatory for individual establishments)
- Contact details. (Mobile Number, Designation, Email Address)
- Furnish bank details (company’s bank account – Individual bank accounts may not be accepted) – (With detailed account name, Account Number, IBAN, Bank Name, Branch Name)
- Annual turnover declaration for the last one year or 12 months. (signed and stamped by the owner of the company and printed on the letterhead)
- Revenue & expense for next 30-days after getting the Tax Registration Number (TRN)
- The customs department attached a vide customs letter.
What is the minimum turnover for VAT in Dubai?
AED 375,000 per annum.
(Note- Businesses MUST MANDATORILY have to register if its imports and supplies exceed ADH 375,000 annually.
Whereas, it’s VOLUNTARY to register for VAT if the annual turnover exceeds over ADH 187,500.)
Why do you need the services of a VAT consultants in Dubai?
While there are many good reasons to hire a professional VAT consultancy firm in Dubai for the purpose of VAT registration in the UAE. Here are some of the immediate benefits and reasons to do so.
- Saves time and makes the process hassle-free on the client end
- Benefits of tax saving, on time vat return submission and any refunds
- Providing accurate tax knowledge and services
- Better choices and facilitate decision making
- Dealing with tax authorities like the FTA and any other authority towards future inspection.
- Reliability and responsibility
- Helps the client to focus on other things.
What are the advantages of being VAT registered?
There are 3 major benefits of being VAT registered in the UAE.
- Encouraging businesses with tax compliance and legalized right to conduct business
- Revenue making with no worries
- End to End hassle free business dealings
Why Financial Cube is the best VAT Consultancy in Dubai, UAE?
Financial cube is a modern and cohesive finance-based network offering state of the art financial and taxation solutions, based in the UAE. A boutique service provider with a skilled team of professional accountants. Backed with years of experience and skilled technical field expertise. Financial cube is your one stop financial and tax solutions service provider in the UAE, offering high level VAT implementation, private consultation and tax agent services for all your business and accounting needs in the UAE region.
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