VAT accounting – Zara Techs https://zaratechs.com Technology and Digital Marketing World Fri, 29 Jul 2022 13:29:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 Top Advantages of Hiring VAT Consultancy Services in Dubai https://zaratechs.com/top-advantages-of-hiring-vat-consultancy-services-in-dubai/ Fri, 29 Jul 2022 13:29:01 +0000 https://zaratechs.com/?p=14291 A consumption tax known as VAT is levied on goods and services whose value rises over time. One of the main goals of establishing the Value Added Tax (VAT) in the UAE is to assist businesses in achieving overall efficiency. Hiring professional VAT consultancy services in Dubai is the best way to handle all your VAT-related problems. With their help, you can get rid of all the worries related to this tax and focus on your business growth.

Here are some of the top advantages of hiring VAT consultancy services in Dubai, UAE:

Facilitate easy VAT registrations: VAT registration is a mandatory process for all businesses that are operating in the UAE. It is a time-consuming process and requires lots of paperwork that needs to be filed with the government. A VAT consultancy firm can help you get your VAT registered in Dubai quickly and easily. They will take care of all the paperwork for you so that you don’t have to worry about it anymore.

Provide knowledge & expertise: Providers of VAT services are always knowledgeable about the most recent changes in the sector. For instance, indirect tax rates are subject to regular fluctuation. Additionally, consultants are better qualified to offer the appropriate advice to any firm because they have a thorough understanding of VAT rules.

Offer best advisory services: The greatest guidance is provided to customers by tax agents in Dubai in order to maximize benefits while complying with the law. They advise their clients on effective ways to save money through investments in areas where they will benefit most from tax-saving plans.

Are you looking to hire a VAT consultancy in Dubai, UAE? Don’t worry! you are in the right place. At BSD Prime Services, we have a team of experienced professionals who can help you navigate the complex world of VAT. We’ll work with you to ensure that you’re compliant with all VAT regulations, and we’ll help you take advantage of all the tax breaks available to you. To find out more about our services, contact us right away at 0559716033.

]]>
VAT Registration in UAE for new companies https://zaratechs.com/vat-registration-in-uae-for-new-companies/ https://zaratechs.com/vat-registration-in-uae-for-new-companies/#respond Fri, 06 May 2022 10:18:21 +0000 https://zaratechs.com/?p=1319 You must register for VAT in UAE under Emirati VAT law, whether you run a small, medium, or established large business. When you register your business under the UAE VAT law, the government recognizes your business. VAT registration in UAE for your business commodity will rely on the income developed from your business.

VAT Consultancy In Dubai, UAE

Online VAT Registration in UAE

When a business registers for VAT in Dubai, it must file VAT returns on a regular basis or according to the authority’s requirements. Businesses and individuals conducting business in the UAE must register for VAT if their annual revenue exceeds AED 375,000/-.

Dubai’s VAT registration procedures require:

  • VAT registration
  • Charge VAT on all invoices sent to customers.
  • Notify the federal tax authorities of the VAT through a VAT filing.

Required Documents for VAT Registration in Dubai

Businesses must submit the essential documents for VAT registration to get a Tax Registration Number (TRN). The following are the documents necessary for VAT registration online:

  • Copy of the business owner’s passport (s)
  • Copy of your commercial license
  • Details of UAE identification
  • IBAN and account information for the company
  • Keep track of your previous year’s revenue.
  • Association Memorandum (MOA)
  • Registration Code for the Customs Authority

VAT Registration Services Available in Dubai

Mandatory VAT Registration Services in Dubai
  • If the total amount of its taxable supplies and imports during the past 12 months reaches the statutory registration level
  • If the total amount of the company’s taxable supplies and imports is expected to surpass the mandatory registration level in the next 30 days.

Voluntary VAT Registration Services in Dubai

  • If it fails to fulfill the registration requirements, it will be rejected.
  • If the total amount of its taxable supplies, imports, or costs in the previous 12 months exceeds the voluntary registration level, the company must register.

VAT Registration Services in Dubai

BSD PRIME ACCOUNT & BOOKKEEPING SERVICES is one of the top vat consultancies in UAE, which offers outstanding VAT registration services in Dubai in expansion to VAT deregistration, VAT accounting, VAT return filing, etc.

]]>
https://zaratechs.com/vat-registration-in-uae-for-new-companies/feed/ 0