Understanding VAT in the UAE
VAT was introduced to the UAE in 2018 to provide a new income source for the country to provide high quality public services.
VAT Rate: The UAE imposes a standard VAT rate of 5% on taxable goods and services.
Zero-Rated and Exempt Supplies: Certain supplies such as local passenger transport, financial services, medical care, and exports outside the Gulf Cooperation Council are zero-rated or exempt from VAT.
VAT Registration Threshold: Businesses exceeding the prescribed annual sales threshold must register for VAT in the UAE.
At our company, we understand the importance of VAT as a strategic tool for sustainable growth. Our dedicated team of experts is committed to guiding businesses through the intricacies of VAT, helping them navigate complexities and seize opportunities for financial optimization.
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Our Comprehensive VAT Services
Besides Getting expert advice on VAT matters, including compliance, audits, and optimizing tax benefits for your business we offer a full spectrum of services that will help you with insuring compliance on your VAT
1. VAT Registration and Setup
We handle the entire VAT registration process, from creating electronic service accounts to completing the registration forms.
2. Record Keeping Solutions
Efficient record-keeping is vital for VAT compliance. We help you establish systems to track sales, expenses, and VAT transactions.
3. VAT Returns Filing
Our experts manage the preparation, submission, and filing of VAT returns on your behalf, minimizing the risk of penalties.
Why Choose Strive Consultants?
Expertise: Our team of VAT specialists has in-depth knowledge of UAE tax laws and regulations.
Personalized Service: We tailor our services to meet your specific business requirements, ensuring accuracy and compliance.
Timely Filing: We prioritize timely VAT filing to avoid penalties and maintain your business's financial health.
Peace of Mind: Partnering with us means peace of mind, knowing that your VAT matters are handled with professionalism and diligence.
Client Testimonials
See What Our Clients Say About Our VAT Registration and Compliance Services
We're proud to be rated 4.7 stars on Trustpilot
If you are looking for a reliable, professional, and efficient company to help set up your business and arrange visas in the UAE, look no further than Strive. They are fantastic, and I wholeheartedly recommend their services to anyone seeking a seamless and successful business setup experience!
Strive handled the entire process of setting up our business in Dubai and the visa processes for our family. I literally couldn't fault them on one thing. The entire process was seamless - they were super quick to respond to our endless questions. I wouldn't hesitate to recommend them to anyone.
The team at Strive made my experience transitioning abroad seamless. Finding people who are straight, informative, and speak from their own experiences is what I was after, and with Pali and the team, I got exactly that! Highly recommended.
Frequently Asked Questions About Our VAT Services
Is VAT applicable to my customers based outside of the UAE
No. Much like other countries that have a VAT scheme, VAT is only charged to customers within the country. International invoices are exempt from VAT.
Are there any goods exempt from VAT?
There are a small number of goods/services categories that are exempt such as certain financial services, land transactions, leasing and selling residential property and transportation services.
Who needs to register for VAT in the UAE?
Businesses with annual taxable supplies and imports exceeding AED 375,000 must register for VAT. Those with taxable supplies and imports between AED 187,500 and AED 375,000 can register voluntarily.
What happens if I fail to file VAT returns on time?
Late filing or non-compliance with VAT regulations can result in significant penalties, up to AED 20,000. Strive Consultants ensures timely filing and compliance to avoid such penalties.
Can Strive Consultants help with VAT record-keeping?
Yes, we provide comprehensive record-keeping solutions to help you track sales, expenses, and VAT transactions efficiently, ensuring compliance with VAT regulations.
How can I get started with Strive Consultants' VAT services?
To get started, contact us to schedule a consultation. Our team of VAT specialists will assess your needs and guide you through the process of ensuring full VAT compliance for your business.
Let's get in touch
Don't let VAT complexities overwhelm your business. Partner with Strive Consultants today for comprehensive VAT registration and compliance services in the UAE. Contact us to discuss how we can streamline your VAT processes and keep your business compliant.