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VAT

VAT

Capella Tax Consultancy L.L.C is one of the Registered Tax Agencies in UAE. Capella is authorized by the Federal Tax Authority (FTA) to be appointed as Tax Agent by the companies and businesses to represent them before the Federal Tax Authority (FTA).Capella Tax Consultancy L.L.C has the best group of professionals who can help you manage all obstacles such as lack of familiarity with VAT laws and regulations, a scarcity of resources, compliance, and the lack of an updated accounting system. Comprehensive VAT services in Dubai, UAE. Ensure compliance, optimize VAT processes, and minimize liabilities. Expert assistance for VAT registration, filing, and consulting. Contact us now for efficient VAT solutions. Our top-tier VAT services in the UAE include:

  • VAT REGISTRATION SERVICE

  • VAT CONSULTANCY SERVICES

  • VAT RETURN FILING SERVICE

  • VAT REFUND UAE

  • VAT TRAINING UAE

  • VAT TRANSACTION ADVISORY SERVICES

  • TAX AGENT SERVICES

  • TAX AUDIT SERVICES

  • VAT DEREGISTRATION UAE

  • VAT RETURN FILING SERVICE

  • VAT CONSULTANCY SERVICES

Capella Tax Consultancy L.L.C helps clients' company succeed by ensuring customized accounting practices and utilizing highly developed technology to improve compliance quality while lowering costs.

We strive continue providing excellent, timely, and hassle-free VAT service to our clients from all industries in Dubai, Abu Dhabi, Sharjah UAE. Our VAT service process is effective, efficient, and error-free

VAT Consultant Services in Dubai

Dubai has become a business hub in recent years. Because of the ease with which one can establish or expand their business operations in Dubai, as a result of the political provisions and thriving economy that promises high returns and profits, thousands of people from all over the world have come to Dubai to start their own businesses.

While operating a business in Dubai can be quite profitable, it is also important to remember that, as with any other country, you must follow certain government rules and regulations when running your business. One of your responsibilities as a business owner is to register for VAT in Dubai.

VAT Services in Abu Dhabi

VAT Registration, VAT Return Filing, VAT Voluntary Disclosure, VAT De-Registration, VAT Training, VAT Audit, VAT Consultancy, and VAT Reconsideration are all part of our FTA-compliant VAT Services in Dubai.

 

VAT is an indirect tax that stands for Value Added Tax (VAT). VAT is also referred to as the Goods and Services Tax (GST). VAT has been in effect in the UAE since January 1, 2018.

 

Businesses in the UAE are facing numerous challenges in dealing with VAT and are looking for the best VAT Services in Dubai. VAT is applied at all stages of the supply chain, with the end consumer bearing the brunt of the impact. VAT will be collected by businesses in the UAE on behalf of the government.

VAT services in Abu Dhabi, Dubai, Sharjah, UAE

VAT brings both challenges and opportunities. Many VAT scenarios are extremely complex, making it difficult for businesses to deal with them. To avoid VAT fines and penalties in the UAE, taxable businesses must follow the laws and regulations of the Federal Tax Authority (FTA). Companies are outsourcing VAT services to Dubai in order to focus on their business objectives.

 

Businesses must be guided by a tax expert who is professionally familiar with the laws and rules of the tax system. It will help the business implement VAT smoothly. A professional tax expert will ensure the tax compliance system, make all procedures legal, and manage. A professional tax expert will oversee the tax compliance system, ensure that all procedures are legal, and manage records in preparation for VAT return filing.

 

VAT Registration Services Dubai, Abu Dhabi, Sharjah, UAE

If taxable supplies and imports exceed the mandatory registration threshold of AED 375,000, businesses must apply for VAT registration. Furthermore, a company may choose to register for VAT voluntarily if the total value of its taxable supplies and imports (or taxable expenses) exceeds the AED 187,500 voluntary registration threshold. Xact Auditing provides a VAT registration service to ensure that companies eligible for the TRN receive it on time.

 

VAT Verification Services Dubai, Abu Dhabi, UAE - TRN Number

After registering for VAT in Abu Dhabi, the Tax Registration Number is issued. It is a distinct 15-digit number that distinguishes one company from others. VAT verification provides the company with a strong position among its internal and external stakeholders, as well as increased credibility that the company is not engaged in tax evasion practices. Furthermore, TRN assists in the preparation of a tax invoice during a transaction, the claim of a tax refund, and the filing of a VAT return in Dubai, UAE.

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VAT Refund in Dubai, Abu Dhabi, Sharjah, UAE

The tax payable for items (goods and services) purchased by a business or taxable person in the UAE is known as input VAT. Output VAT, on the other hand, is a tax collected on items sold by a business or taxable person in the UAE. If your company pays more tax than it collects from customers, you may be eligible for an FTA VAT refund in the UAE. To assist our clients with their VAT refund applications, Capella provides VAT refund services.

 

Guidelines on Filing VAT Return in Dubai, Sharjah, Abu Dhabi, UAE

VAT filing in Dubai, UAE is done through the Federal Tax Authority's online portal (FTA). All businesses must provide information about their sales, purchases, output and input VAT in the designated areas of the VAT return form, which is available on the portal. The form is known as VAT 201, and it contains various categories that a tax payer must complete in order to complete the VAT filing process in Dubai, UAE. The following sections are included in the form:

  • Taxable Person Details

  • VAT Return Period

  • VAT on sales and all other outputs

  • VAT on expenses and all other inputs

  • Net VAT Due

  • Additional reporting requirements

  • Declaration and Authorized Signatory

What are duties and eligibility for Tax Agent in Dubai?

Capella Tax Consultancy L.L.C is one of the Registered Tax Agencies in UAE. Capella is authorized by the Federal Tax Authority (FTA) to be appointed as Tax Agent by the companies and businesses to represent them before the Federal Tax Authority (FTA).A tax agent in the UAE is someone who is registered with the FTA. Tax Agents are individuals who are hired by a Taxable Person to represent and assist them in meeting their tax obligations. A Tax Agent's responsibilities include assisting clients, maintaining information confidentiality, refusing to participate in any work that would violate the law, and providing all information requested by FTA. The FTA establishes eligibility requirements for Tax Agents. Tax Agents in the UAE are required by law to register with the FTA and obtain a Tax Agent license.

FAQ

 

What is the VAT rate in the UAE?

VAT was implemented across the UAE on January 1, 2018, at a standard rate of 5%. Standard VAT rates in a summary:

  • Domestic Taxable Supplies: 5%

  • Reverse Charge Supplies: 5%

  • Zero-rated Supplies: 0%

  • Exempted Supplies: Nil

 

 

How VAT is different from Sales Tax? Which one is better?

The fact that VAT and sales tax are both consumption taxes may confuse the general public, but there are a few major differences. While sales taxes are only levied on goods transactions and only on the final sale to the consumer, VAT is imposed on both goods and services and is charged throughout the supply chain, not just at the end. Imports of goods and services are not exempt from VAT. This ensures that domestic providers of those same goods and services have a level playing field. Many countries prefer VAT for a variety of reasons, including the fact that it is considered a more elaborate approach to taxation because it requires businesses to act as tax collectors on behalf of the government, reducing misreporting and tax evasion.Comprehensive VAT services in Dubai, UAE. Ensure compliance, optimize VAT processes, and minimize liabilities. Expert assistance for VAT registration, filing, and consulting. Contact us now for efficient VAT solutions.

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