VAT Compliance Services
VAT Compliance Services in UAE
VAT compliance with rules and regulations is mandatory in the UAE. If you are eligible, you must register for it, and file returns. Compliance with these requirements ensures you do not face any penalties or fines from the FTA. FAME Advisory is a leading provider of all VAT compliance services in the UAE.
Our expert services are designed to help you stay fully aligned with VAT requirements. Clients rely on us for accurate and timely VAT filing services, FTA VAT audit support, and comprehensive VAT tax compliance assistance. In addition to our VAT Advisory Services, we also specialize in broader Tax Compliance Services, ensuring your business stays compliant with both local and international tax laws. Our Tax Advisory Services go a step further by providing strategic insights to optimize your tax position, mitigate risks, and streamline your overall tax management approach.
Our VAT Compliance experts keep themselves abreast of the latest regulations affecting our clients. We interpret them for your business and help you follow them in processes and operations. Our experienced and professional VAT tax compliance services save you from penalties. Also, since you are busy with your core business operations, it is better to let us manage the critical VAT compliance needs.
Your VAT Compliance needs our proficient guidance and support.
So why not contact our VAT experts for a quick consultation call?
Our VAT Compliance Services
With FAME as your VAT compliance services provider, you will not face any challenges. We ensure our comprehensive corporate VAT compliance services enable you to comply with the relevant and applicable VAT regulations. Our comprehensive, quality services ensure no FTA penalties or chances of reputational loss.
Our VAT tax compliance services include the following:
VAT Registration Services
If you are a vendor of goods and services in UAE, you need to pay and collect VAT on your transactions. Customers pay VAT to you on buying goods and services from your business. You must remit the VAT collected from customer to the government. To enable this, you must be VAT-registered in the country.
So, FAME provides VAT Registration Services to ensure proper documentation, accurate application form, and smooth procedure. We check your eligibility for mandatory or voluntary VAT registration in UAE. We also check the eligibility for 100% zero-rated supplies, tax group registration, and other conditions.
Once we check the eligibility, we follow the end-to-end procedure to register you as a VAT registrant. We submit all the relevant documents – identity proof, company documents, and financial statements. Thus, we follow the proper procedure of VAT registration to ensure your VAT tax compliance.
VAT Audit Services
VAT audits are critical to FTA’s enforcement procedures by the Ministry’s Tax Procedures Law. FTA may conduct such VAT audits at any time of the year. So, businesses must prepare for them with comprehensive and up-to-date VAT records, proper accounting, and correct documentation. You must file VAT returns on time and calculate correct VAT liabilities.
FAME provides comprehensive VAT compliance services to entities in pre-audit, during audits, and post-audit. We identify your non-compliant areas of operations and bring them to your notice. We check your VAT records for inadequacies, errors, or missing points.
Once we identify the flaws, we implement the corrective actions to ensure your accounting records are in order. We check the accuracy of VAT collection, VAT payments, input tax claims, and VAT return filing. We provide you with all the necessary help when FTA conducts a VAT Audit of your business.
VAT Refund Services
When your input tax exceeds the output tax, you pay more VAT than what you collect. This is the time when you can claim a refund from FTA for the excess VAT paid. We help you claim this VAT Refund to save you from the cumbersome application process.
We create your login details and fill up the application form. We arrange the necessary documents – tax invoices and account details that you need to submit along with the application form. You also have the option to carry forward the excess VAT paid, which you can adjust in the next tax period. Our VAT regulatory compliance services in Dubai take care of your VAT compliance obligations.
VAT Returns Filing
Reporting your VAT collections and payments is mandatory under the UAE VAT regulations. You need to report them annually in the VAT return filing process. You need to maintain accurate invoices for all your VAT transactions in the correct order, track payments and receipts, and report the same.
FAME Advisory assists you in filing accurate VAT Returns in a smooth process. We help you create and maintain proper accounts and documents you must submit with VAT returns. We implement a proper invoicing process, calculate correct VAT amounts, and compile all necessary documents to help you file the VAT return form.
The VAT return filing process starts with logging in to the portal. We fill in all the necessary details, including identity, transactions, output tax paid, and input tax collected. We calculate the net amount and VAT liability to ensure the accuracy of VAT returns.
VAT Deregistration Services
You must deregister from VAT in UAE if:
- You no longer deal in those taxable supplies or
- The annual turnover goes lower than the threshold limits for mandatory or voluntary registration
VAT deregistration is an easy process; we help you with it from end to end.
As one of the best VAT service providers in Dubai, UAE, FAME helps UAE VAT registrants to deregister if they meet the eligibility conditions. We start with checking your compliance with any one of the eligibility conditions. If yes, we visit the FTA VAT portal and start the deregistration application. We also keep the proper documents ready and submit them at the time of application to ensure a complete process.
VAT Representation and Litigation Support
If you do not follow any of the mandatory obligations of VAT regulations, FTA may send a notification. There are possibilities of disputes, investigations, or any legal cases against you in case of inaccuracies or delays. So, it is best to take VAP compliance services to avoid penalties or reputational damage.
In cases of VAT related legal matters, FAME provides you with Complete Support in litigation matters. We advise you on VAT litigations and consult on the potential VAT inconsistencies. We help you prepare the necessary documents valid during appeals and court petitions.
We aid in framing the correct response to FTA notifications and show-cause notices. We represent you and your stand before the relevant legal authorities, courts, or forums. Thus, we provide end-to-end support to resolve your tax disputes and avoid monetary losses.
Anxious about missing out on any VAT Compliance obligation?
Your guide – FAME, is here to help you with its VAT compliance services in the UAE.