UAE VAT Consultants

The UAE government introduced Excise Tax with effect from 1st October 2017 and the Value Added Tax (VAT) from 1st January 2018. The applied rate of Excise tax for carbonated drinks is at 50% and for tobacco and energy drinks, it is 100%. At the same time, the VAT rate is applicable at a standard rate of 5%. 

Availing professional VAT consultancy services in UAE will be beneficial for you to manage your VAT activities seamlessly, avoid errors and fraud plays. ZBC has a team of expert VAT consultants in UAE, who offer impeccable VAT services to clients from various domains.

Why you Need a ZBC VAT Consultant in UAE?

As VAT is implemented in the region, it requires the advice of trained and skilled Tax professionals to support the businesses in complying with the laws in the initial stages of this evolution. Many companies are not aware of the need for VAT registration, and the rules and regulations of calculating VAT and the process of the payment.

You will have the following advantages of having the help of a ZBC VAT Consultant: -

Precision

The precision of data is ensured by the VAT consultants by taking extra care. They cross-check the VAT files with the help of advanced technology and manual reviews. 

Greater knowledge

The best VAT consultant is equipped with greater knowledge about everything related to VAT. As a beginner, this knowledge can help you to understand various VAT rates and calculate the amount, and to pay on time.

Error free processing

The long-term experience and skill of a professional VAT consultant will ensure that the VAT return will be error-free which will save your time and money.

Minimize the time

A well-experienced VAT professional can save your time essential for examination, valuations and calculation of the risks associated with the company.

Enable easy VAT registration & VAT filing

Since VAT registration is mandatory for businesses which are above the threshold limit, ZBC VAT consultants can provide clear guidance on the process of VAT registration and VAT filing.

Proper maintenance of records

A ZBC VAT specialist can help you in creating files and proper maintenance of records to keep you ready for VAT Audit. They can provide expert advice on financial matters also.

Lower the risk

An expert VAT professional has a better industry experience to handle all kinds of risks in business. He can give you better advice on how to reduce the potential risks associated with VAT.

VAT filing and processing 

You must file for tax return electronically through the FTA portal and must make sure that all tax returns requirements are met.

When are businesses required to file VAT return?

Taxable businesses must file VAT returns with FTA on a regular basis and usually within 28 days of the end of the ‘tax period’ as defined for each type of business. The standard tax period is:

1. Quarterly for businesses with an annual turnover below AED 150 million
2. Monthly for businesses with an annual turnover of AED 150 million or more. 

How proper bookkeeping & accounting helps VAT filing?

The UAE business is confronting a number of challenges while applying VAT in the business. ZBC team includes experienced certified professionals as their tax advisors who have relevant industry-specific experience in taxation complying with UAE Laws to meet their VAT filing requirements. We are committed to providing the best VAT consultancy Services in UAE to cater the clients in compliance with the rules and regulations of the FTA. By availing ZBC VAT consultancy services in UAE, you are getting access to the best possible means to fix the VAT structure that facilitates the entire VAT processes including VAT registration, VAT record keeping and maintenance, VAT return filing, VAT accounting, VAT deregistration and everything related to the VAT in UAE. 

If you have any queries regarding your firm’s VAT related issues or about your current business, feel good to contact us. ZBC is there for your assistance!  Our expert will give you 30 min Free Consultation to keep your uncertainties away!