Value Added Tax (VAT)

VAT (Value Added Tax) which was established on January 1, 2018 is a sort of indirect tax that is collected on the purchase and sale of goods and services. The UAE government's decision to impose VAT is part of a larger approach to minimize the nation's reliance on oil and petroleum products as a source of funding, and the VAT rate is 5% on a range of products.

Get one-stop guidance with expert tax consultancy services in the UAE, which are as follows:

VAT Advisory in UAE

A VAT specialist will assess certain business transactions to determine if VAT is applicable as part of a service called VAT transaction advising services. They may then assess how the VAT affects firms and decide what adjustments to make to their accounting procedures and business practices.

VAT Review in UAE

We employ a practical approach to carry out a comprehensive VAT Health check of business transactions and assessments of current processes and procedures from a VAT taxation viewpoint.

VAT Registration in UAE

In accordance with VAT legislation, Businesses registering for VAT in Dubai must adhere to strict VAT standards. A corporation is required to register for VAT if its annual revenue exceeds AED 375,000. According to UAE VAT law, registration is optional for businesses with annual revenues between AED 187,500 and AED 375,000. The business is also excluded from this regulation's registration requirements if the value is less than AED 187,500. In the UAE, NSRM offers services for VAT registration.

VAT Return Filing in UAE

VAT returns must be filed monthly or quarterly, depending on the size of the business. Customers can count on NSRM to guide them through the process of settling unpaid tax issues as well as help them submit VAT returns in the UAE on time and properly.

VAT Adoption in the UAE

Understanding the VAT basics is crucial for businesses. Respecting VAT laws is never an easy chore. In the UAE, NSRM specialises in VAT adoption. By offering firms VAT-related advice and training, we assist the customer.