VAT Consultancy Services in Dubai, UAE
Value Added Tax (VAT) is a type of indirect tax sometimes referred to as the Goods and Services Tax (GST). VAT has been in effect in the UAE since Jan 1st, 2018.
VAT can be both good and challenging. Companies often need help dealing with complex VAT issues. In the UAE, businesses have to follow the Federal Tax Authority (FTA) rules to avoid VAT fines. VAT is levied at each stage of the supply chain, and the end consumer ultimately feels its effects. UAE businesses are responsible for collecting VAT on behalf of the government. Many companies are getting help with VAT services in Dubai so that they can focus on their primary business goals.
Top Corporate Tax Services & Advisory in Dubai, UAE
Lotus Touch is renowned for delivering comprehensive and expert guidance in all aspects of Value Added Tax (VAT). Our best VAT services in UAE are fully compliant with FTA regulations. We offer a comprehensive range of VAT solutions, including VAT registration, VAT return filing, handling VAT voluntary disclosures, assisting with VAT de-registration, providing VAT training, conducting VAT preliminary audits, offering VAT consultation, including VAT reconsideration processes.
Why Choose Lotus Touch For VAT Services in Dubai, UAE?
Comprehensive Services
We offer a wide array of VAT taxation services, covering everything from VAT registration services and compliance to advisory, audit support, and more under one roof.
Compliance Excellence
Our team of professionals are dedicated to keeping your business fully compliant with the latest VAT regulations, reducing the risk of penalties and fines.m
Local Understanding
Being based in the UAE gives us a deep Understanding of local tax laws and easy access to local authorities when required.
VAT Expertise
Our team at Lotus Touch consists of professionals with in-depth knowledge and extensive experience in UAE tax regulations. We are well-versed in the intricacies of VAT, ensuring your business is in capable hands.
Proactive Approach
Our team of professional value added tax consultants well versed of tax laws and regulations changes, proactively adapting your tax strategy to ensure your business remains compliant and tax- efficient.
Cost-Effective
We provide competitively priced services that offer excellent value, making valuable VAT support services in Dubai accessible to businesses of all sizes across the UAE.
Answers About VAT Services in Dubai, UAE
Demonstrates business integrity: VAT compliance enhances the business's reputation and trustworthiness.
Facilitates collaborations: Many major companies prefer to engage with VAT-registered businesses, leading to increased business opportunities.
Enhanced business visibility: registration bolsters the company's image and standing within the business community.
Simplified tax management: VAT is generally easier to handle than other forms of indirect taxation.
- Avoiding mistakes in tax return submissions.
- Ensuring the rightful claiming of input tax in line with VAT regulations.
- Offering recommendations to prevent fines and penalties.
- Adhering to the legal requirement of keeping financial records for five years.
- Conducting tax audits to protect the company from significant inaccuracies.
- Staying informed and trained on the latest VAT law modifications and their accounting implications.
- Providing instructions for the creation of sales invoices.
Our service in the UAE enables your company to cancel VAT registration and terminate Tax Registration Number (TRN). It's crucial to emphasize that the VAT de-registration is conducted online and exclusively pertains to businesses registered with the Federal Tax Authority (FTA). Lotus Touch VAT consultants offer assistance with the FTA de-registration procedure to guarantee that you steer clear of fines or penalties.