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vat in UAE

VAT Registration

With UAE implementing VAT starting from 1st of January 2018 it is mandatory for eligible businesses to register with the Federal Tax Authority (FTA) and obtain the Tax Registration Number (TRN) as per the deadline published by FTA given below:

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VAT Registration

With UAE implementing VAT starting from 1st of January 2018 it is mandatory for eligible businesses to register with the Federal Tax Authority (FTA) and obtain the Tax Registration Number (TRN) as per the deadline published by FTA given below:

  • Businesses with a turnover of over AED 150M should apply to register before 31 October 2017.
  • Businesses with a turnover of over AED 10M should apply to register before 30 November 2017
  • All other eligible businesses need to have applied by 4 December 2017 in order to be registered by the start of 2018.

Businesseswith turnover of more than AED 375,000 in the last 12 months are mandatorily required to register for VAT by the deadline given. Voluntary registration can be done by Businesses whose taxable turnover is more than AED 187,500 in the last 12 months.

Vatfile.com assists you to get registered for the VAT without hassles free of cost. The following documents are required for successful registration:

Natural personIncorporated Bodies (e.g. a company, a UAE company established by Decree or Limited Liability Partnership)Other non-Corporate bodies (e.g. a partnership, trust, club, charity, etc.)Government entity
Trade License(s)Trade License(s)Trade License(s)Law or decree of establishment
Emirates IDCertificate of Incorporation (Free Zone Companies)Certificate of Incorporation (if applicable)Contact Information
Partnership Agreement (if applicable)Certificate of Incorporation (if applicable)Certificate of Incorporation (if applicable)Contact Information
Contact InformationArticles of Association/ Partnership Agreement (if applicable)Club or Association RegistrationBank Account details
Bank Account detailsContact InformationContact InformationCustoms details (if applicable)
Financial StatementsBank Account detailsBank Account detailsAuthorized Signatory documents
Customs details (if applicable)Financial StatementsFinancial Statements
Passport and Emirates IDCertificate of Incorporation (if applicable)Certificate of Incorporation (if applicable)
Authorized Signatory documentsAuthorized Signatory documents
Customs details (if applicable)Customs details (if applicable)
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vat return filing uae

VAT Return Filing

Currently Federal Tax Authority requires businesses to file VAT returns and make the payment of tax due in quarterly intervals. Vatfile.com helps you achieve this in the most economical way possible with a variety of packages to suit different kinds and sizes of businesses as given below:

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VAT Return Filing

VAT Filing - Basic

250x3 = AED 750 per Quarter

Upto 250 invoices per month

View your VAT history online

Live status of VAT filing

Communication with Federal Tax Authority (FTA) as an VAT agent.

Maintenance of records upto 5 years in electronic mode

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VAT Filing - Prime

500x3 = AED 1500 per Quarter

Upto 500 invoices per month

View your VAT history online

Live status of VAT filing

Communication with Federal Tax Authority (FTA) as an VAT agent.

Maintenance of records upto 5 years in electronic mode

Quarterly visit of our expert

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Superior Business

Best price per Quarter

Unlimited invoices

View your VAT history online

Live status of VAT filing

Communication with Federal Tax Authority (FTA) as an VAT agent.

Maintenance of records upto 5 years in electronic mode

Monthly visit of our expert

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Other services

Lets talk

Accouting & Bookkeeping for businesses

Internal Audit and Risk advisory

Financial statement preparation and management consultancy

VAT Training

Investment advisory services

Service at your comfort

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How does it work?

Details will be uploaded by the client through our mobile application as described below:

  • Registered clients can upload sales invoices and purchase invoices daily or weekly to the data base using the app
  • Separate Icon for uploading sales invoices and purchase invoices
  • While uploading the invoices, the following basic details can be filled by user itself
    • 1- Date of invoices
    • 2- Invoice number
    • 3- Nature of goods or services
    • 4- Amount of invoices
    • 5- VAT Amount (If exempted goods, then zero canbe entered)
  • After entering the above details invoices uploaded one by one.
  • Each invoices auto numbered.
  • Back office team will download documents, prepare and file VAT return
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accounting outsourcing

Documentation

All the VAT related documents will be retained by Vatfile.com for a specific period as per law. We can ensure your documents are electronically filed properly in an easily accessible format and you can rest assured of the availability for the six years mandated by the FTA.

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Documentation

All the VAT related documents will be retained by Vatfile.com for a specific period as per law. We can ensure your documents are electronically filed properly in an easily accessible format and you can rest assured of the availability for the six years mandated by the FTA.

Register
tax advisory services

VAT Training

It is important understand what is coming on your way and how to prepare to face it. We teach you on VAT process, implementation and how your business can benefit out of it.Our training will cover three different verticals as follows

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VAT Training

It is important understand what is coming on your way and how to prepare to face it. We teach you on VAT process, implementation and how your business can benefit out of it.Our training will cover three different verticals as follows

  • Consumer and trading business
  • Importers & exporters, logistics business
  • Real Estate & service business

The Contents of the training session is given below:

What is VAT?

Introduction, GCC VAT Framework, VAT Legislation & Regulations

Type of supplies

Standard rated supplies, Zero rated supplies, Exempt supplies, Mixed supplies

VAT accounting

Calculation of output VAT , Calculation of input VAT , Reverse Charge Mechanism, Preregistrationinput VAT, VAT on non-current assets, VAT on operating/finance lease, Discountsand returns, VAT on receivables and payables, Bad and doubtful debts

VAT Administration

VAT registration and de-registration, Filing VAT return, VAT invoices and records, Fines andpenalties

VAT planning and implementation

Impact assessment, Finance Administration, Contract pricing, Supplier management

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Bookkeeping

Bookkeeping Service by vatfile.com comes in different varieties to cater to the needs of the customers from different industries and the size of their businesses. Some of our services are listed below. We can always customise our offering to fit the exact requirements of our customer.

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bookkeeping services dubai

Bookkeeping

Bookkeeping Service by vatfile.com comes in different varieties to cater to the needs of the customers from different industries and the size of their businesses. Some of our services are listed below. We can always customise our offering to fit the exact requirements of our customer.

Accounts with and without inventory

  • 1- SMEs (Free Excel template provided)
    • Client have to scan and send Supporting documents of all the transactions
    • We will be providing proper guide to clients regarding required list of documents
    • We will maintain books of accounts at back office
    • We will provide the following
      • Monthly financial statements
      • Daybook
      • Cash flow statements
      • Accounts payable accounts receivable
      • Bank Reconciliation
      • Analysis report
      • Payroll statements
      • Inventory report (This can be additional offering to the customer)
      • Stock ageing
      • Stock loss identification
  • 2- SMEs (Software provided)
    • An accounting software will be provided to client (ie Quick books, zoho)
    • Client have to enter all the purchase, sales, expenses and other payments entries
    • We will review and do the required corrections
    • We will be providing the following
      • Monthly financial statements
      • Daybook
      • Cash flow statements
      • Accounts payable accounts receivable
      • Bank Reconciliation
      • Analysis report
      • Payroll statements
      • Inventory report
      • Stock ageing
      • Stock loss identification
  • 3- SMEs having their own software and accountants
    • Client will be doing the accounting
    • We will review and do the correction required
    • We will be providing the following
      • Monthly financial statements
      • Daybook
      • Cash flow statements
      • Accounts payable accounts receivable
      • Bank Reconciliation
      • Analysis report
      • Payroll statements
      • Inventory report
      • Stock ageing
      • Stock loss identification
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Accounts Review

Even if you are maintaining books of accounts at your location, you may require aprofessional to review the correctness of book keeping procedures and check whether booksof account are complied with Federal tax authority’s requirements. We will review your booksof accounts and we can provide you monthly financial statements

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accounting firms in dubai

Accounts Review

Even if you are maintaining books of accounts at your location, you may require aprofessional to review the correctness of book keeping procedures and check whether booksof account are complied with Federal tax authority’s requirements. We will review your booksof accounts and we can provide you monthly financial statements

Register
tax advisory services

Internal Audit and Risk Advisory Services

Our financial advisers provide individualised consultant services to help alleviate theuncertainty and stress involved with tax and accounting management. With manyyears of experience, our experts know everything there is to know about Third PartyAssurance, inside and out. Contact us today and let us do the work for you.

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vat accounting

Internal Audit and Risk Advisory Services

Our financial advisers provide individualised consultant services to help alleviate theuncertainty and stress involved with tax and accounting management. With manyyears of experience, our experts know everything there is to know about Third PartyAssurance, inside and out. Contact us today and let us do the work for you.

Register

Management Consultancy

Accounts review in a fixed interval & preparations of financial statements. Monthly review and preparation of financial statements, Quarterly review andpreparation of financial statements, Yearly review and preparation of financialstatements

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accounting companies in dubai

Management Consultancy

Accounts review in a fixed interval & preparations of financial statements. Monthly review and preparation of financial statements, Quarterly review andpreparation of financial statements, Yearly review and preparation of financialstatements

Register
tax advisory services

Investment Advisory Services

With our experience in different industries of varied sizes we are rightly placed to advise you on maximizing your returns on investments. We can get you the highest rewarding options for your investments by offering you varied options for your money to be parked in.

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Investment Advisory Services

With our experience in different industries of varied sizes we are rightly placed to advise you on maximizing your returns on investments. We can get you the highest rewarding options for your investments by offering you varied options for your money to be parked in.

Register
vat accounting

Preparation and Evaluation of Project Report

Do you have any plans in mind to start something new? We take care of all aspectsof new ideas and prepare project reports to help you make right decision.

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zoho partner dubai

Preparation and Evaluation of Project Report

Do you have any plans in mind to start something new? We take care of all aspectsof new ideas and prepare project reports to help you make right decision.

Register