Tax Consultancy Services
Tax Consultancy Services - VAT
Approved by U.A.E. Federal Tax Authority.
Tax Consultancy Services
Value Added Tax is a tax on the consumption or use of goods and services imposed at each point of sale. VAT is a form of indirect tax and is levied in more than 180 countries around the world. The end-consumer ultimately bears the cost. Businesses collect and account for the tax on behalf of the government. Our agents make all the processes relating to VAT easier for your company.
Registration
Ratheesh and Associates can help companies to Register for Value Added Tax (VAT) by choosing the proper tax applicability of the business, prepare and organize necessary documents that will be required in the process.
Amendments
We assist VAT registered companies to notify the FTA any changes that had been implemented in the business such as company transfer, renewal of the official documents, updating personal details etc. that is mandatory as per law.
VAT Return filing
Every taxable person is required to file a VAT return summarizing the VAT due to the FTA for the tax period. Our tax experts execute the regular VAT returns accurately for businesses and individuals registered under the FTA.
VAT Refund
When the input tax is greater than output tax on a VAT return, the taxable person is to able to request a VAT refund after submission of the VAT return or at any later time when there is a credit owned to them. Approved agents at R&A maximize your refund with their in-depth knowledge in VAT promising swift results.
Deregistration
A registered person can apply to the FTA to discontinue the VAT registration if he / she is no longer liable for the VAT as per the provisions of the law. Businesses and individuals who are registered under the Federal Tax Authority,(FTA) can de-register from VAT in two situations:
- If their turnover preceding 12 calender months is less than AED 187,500.
- If the business stops making taxable supplies.