Value Added Tax, or VAT, is an indirect tax assessed on the use or consumption of goods and services at each point of sale. The consumer is ultimately responsible for covering the expense. Since the introduction of VAT in the UAE on January 1, 2018, consumers have had to pay an additional 5% for the goods or services they use. Also, businesses and organisations collect VAT on behalf of the government.
At MBK Auditing – as one of the most competent auditing service firms, we are FTA compliant. Our team of accountants mainly focuses on clarifying and explaining our clients’ VAT obligations in the best way possible, in addition to implementing and executing reliable procedures to ensure their VAT compliance.
Why is VAT Service Important in the UAE?
For companies whose taxable supply and imports exceed AED 375,000, VAT registration is mandatory. As a business, you must submit the necessary documents to the FTA (Federal Tax Authority). VAT registration offers several advantages to businesses, as it enhances the company’s reputation – as customers are more inclined toward trusting a company that has its finances in place. In addition, VAT also ensures compliance with tax law – which curbs the chances of legal issues.
A proper financial bookkeeping record is important for calculating taxes correctly. Also, a proper financial record helps avoid underpayment and overpayment – which contributes to the financial stability of the company.
MBK’s VAT Services in Dubai, UAE
As the leading provider of accounting, auditing, and advisory services, we cover VAT Registration, VAT Audit, VAT Consultancy, VAT Refund, VAT De-Registration, VAT Voluntary Accounting, and VAT Return Filing, in addition to statutory auditing – in case you need it!
VAT Registration
VAT Audit
VAT Consultancy
VAT Refund
VAT De-Registration
VAT Accounting
VAT Accounting
VAT Return Filing
It is mandated by the law that every business must have a Return Filing for VAT, and payments must be made within 28 days after the tax period ends. If you fail to do so – you might be fined, or the FTA might conduct a check/audit. So, we offer quality services for VAT return filing.
Our team of professional accountants and CAs will guide you through the complex law, making it easier for you to understand. We keep up with the latest trends in the industry, in addition to the laws and regulations in the UAE.
If you are looking for the best VAT services provider in Dubai – ring us up!
Value Added Tax, or VAT, is an indirect tax assessed on the use or consumption of goods and services at each point of sale. The consumer is ultimately responsible for covering the expense. Since the introduction of VAT in the UAE on January 1, 2018, consumers have had to pay an additional 5% for the goods or services they use. Also, businesses and organisations collect VAT on behalf of the government.
At MBK Auditing – as one of the most competent auditing service firms, we are FTA compliant. Our team of accountants mainly focuses on clarifying and explaining our clients’ VAT obligations in the best way possible, in addition to implementing and executing reliable procedures to ensure their VAT compliance.
Why is VAT Service Important in the UAE?
For companies whose taxable supply and imports exceed AED 375,000, VAT registration is mandatory. As a business, you must submit the necessary documents to the FTA (Federal Tax Authority). VAT registration offers several advantages to businesses, as it enhances the company’s reputation – as customers are more inclined toward trusting a company that has its finances in place. In addition, VAT also ensures compliance with tax law – which curbs the chances of legal issues.
A proper financial bookkeeping record is important for calculating taxes correctly. Also, a proper financial record helps avoid underpayment and overpayment – which contributes to the financial stability of the company.
MBK’s VAT Services in Dubai, UAE
As the leading provider of accounting, auditing, and advisory services, we cover VAT Registration, VAT Audit, VAT Consultancy, VAT Refund, VAT De-Registration, VAT Voluntary Accounting, and VAT Return Filing, in addition to statutory auditing – in case you need it!
VAT Registration
VAT Audit
VAT Consultancy
VAT Refund
VAT De-Registration
VAT Accounting
VAT Accounting
VAT Return Filing
It is mandated by the law that every business must have a Return Filing for VAT, and payments must be made within 28 days after the tax period ends. If you fail to do so – you might be fined, or the FTA might conduct a check/audit. So, we offer quality services for VAT return filing.
Our team of professional accountants and CAs will guide you through the complex law, making it easier for you to understand. We keep up with the latest trends in the industry, in addition to the laws and regulations in the UAE.
If you are looking for the best VAT services provider in Dubai – ring us up!
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