Comprehensive VAT Filing Services in the UAE
In the dynamic business environment of the UAE, understanding and navigating the complexities of Value Added Tax (VAT) is crucial for every organization. Since its implementation on January 1, 2018, VAT has become an integral part of financial management, requiring meticulous attention to detail. At Finhub Advisory Middle East, we specialize in providing comprehensive VAT filing services that ensure your business remains compliant with the Federal Tax Authority (FTA) regulations, allowing you to focus on your core operations.
Understanding Your Vat Registration In UAE
Standard-Rated Registration
- This applies to most goods and services that are subject to VAT at the standard rate of 5%.
- Common products and services, such as electronics, clothing, and restaurant meals.
- Businesses must charge VAT on sales, collect it from customers, and remit it to the Federal Tax Authority (FTA). They can also recover input tax on related
Zero-Rated Registration
- Certain goods and services are taxed at a rate of 0%. Businesses with zero-rated supplies must still register for VAT.
- Exports of goods, international transportation, and certain educational and healthcare services.
- While no VAT is charged on sales, businesses can recover input tax on purchases related to zero-rated
Exempt Registration
- Certain goods and services are exempt from VAT, meaning no VAT is charged or collected.
- Financial services, residential properties, and some healthcare services.
- Businesses do not charge VAT on exempt supplies and cannot recover input tax on expenses related to these supplies, which may affect cash flow.
The Importance of VAT Filing in the UAE
Avoid Penalties and Stay Compliant
How Finhub Middle East Manage Your
VAT filing process
Simplified VAT Filing Process Tailored to Your Business
- Assess your eligibility for VAT registration.
- Guide you through the VAT registration process with the FTA.
- Provide ongoing advice on VAT obligations specific to your business.
- Set up a proper system for recording taxable sales and purchases.
- Ensure that all VAT invoices are compliant with FTA regulations.
- Help with the documentation of VAT payments and refunds for accurate reporting.
- Review all transactions to identify taxable and exempt items.
- Calculate the VAT payable or refundable based on your sales and purchases.
- Ensure that the correct VAT rates are applied to different products and services.
- Complete and review the VAT return form on your behalf.
- Submit the VAT return through the FTA portal before the filing deadline.
- Handle any corrections or issues with submitted returns.
- Ensure VAT payments are made promptly to avoid late fees.
- Assist with claiming VAT refunds for eligible purchases, improving your cash flow.
- Track your VAT payments and refunds to ensure proper financial management.
- Keep you updated on any changes to UAE VAT laws.
- Offer guidance on VAT-related issues such as refunds, adjustments, and audits.
- Provide year-round support for your VAT needs.
How To Share Your Documents
Your financial data is sensitive, and we take its security seriously
PHYSICAL DELIVERY
Please ensure that sensitive information is securely packaged.
CLOUD STORAGE LINKS
Simply create a shared link to the folder or documents and send it to us.
Why Partner with Us for VAT Filing?
Expertise in UAE VAT Laws
Our team of VAT specialists stays up to date with the latest UAE VAT regulations.
Tailored Solutions
Hassle-Free Compliance
Transparent Pricing
No hidden fees. Pay only for the services you need.
Fast & Reliable Service
We ensure your VAT returns are filed accurately and on time to avoid penalties.
Common Questions About VAT Filing
Businesses with taxable supplies exceeding AED 375,000 annually are required to register for VAT and file VAT returns. Businesses with taxable supplies between AED 187,500 and AED 375,000 can voluntarily register.
Late VAT filings can lead to penalties and interest charges from the FTA. We help ensure that your filings are submitted on time to avoid these penalties.
Yes, businesses can claim VAT refunds on eligible purchases. We assist in ensuring you maximize your VAT refunds, improving your cash flow.
You’ll need your sales and purchase invoices, proof of VAT payments, and any other relevant financial documents. We guide you through the document preparation process.
Service Package
Basic VAT Filing
package
Starts from AED 500 to AED 1500 Per Quarter
Small businesses and startups with limited VAT transactions.
VAT Registration Assistance
Quarterly VAT Return Filing
Taxable Supplies and Purchases Review
Compliance Check
Email Support
Standard VAT Filing Package
Starts from AED 1500 to AED 3000 Per quarter
Growing businesses with moderate transaction volumes.
VAT Registration & Updates
Quarterly VAT Return Filing
Input & Output Tax Calculation
VAT Refund Assistance
Compliance Checks
Phone & Email Support
Premium VAT Filing Package
Starts from AED 3000 to AED 5000 Per Quarter
Larger businesses or those with more complex VAT needs
VAT Registration & Continuous Monitoring
Quarterly VAT Return Filing
Custom VAT Reporting
VAT Refund Claims & Adjustments
Dedicated VAT Consultant
Priority Support
Audit Assistance
Volume of Transactions:
Pricing can vary based on the average monthly transaction volume. More transactions typically result in higher fees.
Business Size and Complexity:
Larger and more complex businesses may require more extensive services and higher fees.
Special Services:
Additional services (e.g., audit support, specialized financial reports) can incur extra charges.
Long-term Contracts:
Offer discounts for clients who sign long-term contracts (e.g., 15% off for a 12-month agreement).
Referral Incentives:
Provide incentives for existing clients who refer new clients. (AED 250 credit towards future services)
Add-On Services for Quarterly VAT Filing
In addition to our quarterly VAT filing packages, we offer several add-on services to customize your experience and ensure you have all the support you need:
VAT Registration
VAT registration services can cost anywhere between AED 500 to AED 2,000, depending on the complexity of the registration process and whether additional documents or consultations are required.
VAT Consultation
For businesses that need more in-depth tax advice or specific VAT-related consultations, the fees for these services are typically AED 1,000 to AED 5,000 per session, depending on the expert’s reputation and the issue’s complexity.
Penalty and Audit Assistance
If you’re seeking assistance with penalties or dealing with audits, charges can range between AED 2,000 to AED 7,000 depending on the complexity of the case.
Phone
Visit office
Office 289, Mezzanine floor, Hamsah A building, Karama, Dubai, UAE
