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.
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 4.8 stars on Trustpilot
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.
The team at Strive are professional, diligent and we’re very efficient. They understood my business needs and delivered with a smooth service. A massive fan and I will 100% recommend them.
I highly recommend Strive to anyone looking for a high-end, reliable service, with people that genuinely care about you and your needs. They went above and beyond in making us feel comfortable in Dubai.
FAQs
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.
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.