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Value Added Tax

About Value Added Tax – VAT

VAT is an indirect tax that stands for Value Added Tax (VAT). It  is also referred to as the Goods and Services Tax (GST). VAT is in effect in the UAE since January 1, 2018.

Businesses in the UAE are confronting numerous challenges in dealing with VAT and trying to find the best VAT Services in Dubai. VAT is implemented at all stages of production, with the customer bearing the brunt of the costs. Businesses will collect VAT in the UAE on the government’s behalf.

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VAT Consultancy in DUBAI

With a team of experienced VAT consultants, we will assist you in managing your finances seamlessly by delivering the best and most real-time VAT solutions in Dubai. Our VAT experts in the UAE take a comprehensive approach to understanding your business and assessing the impact of VAT on it.

We will focus on ensuring that each of your company’s operations complies with Federal Tax Authority regulations (FTA). Our VAT Advisors will achieve full VAT compliance, including proper VAT invoice format and prompt and effective VAT filings, as well as a variety of other operational processes that will assist you in meeting your objectives.


Learn more about Value Added Tax

VAT Implementation in UAE

If a company’s taxable products and shipments surpass the allowed threshold of AED 375,000, the company must register for VAT.

Moreover, a company can also register for VAT voluntarily if the overall value of its taxable products and services and imports (or taxable expenditure) exceeds the AED 187,500 voluntary registration limit.

VAT Registration

If taxable products and imports surpass the regulatory registration limit of AED 375,000, businesses must apply for registration.

Moreover, a company has the option to become VAT registered voluntarily if the overall value of its taxable expenses exceeds the AED 187,500 voluntary registration threshold. Corporate Tax Me  provides professional VAT registration service to make sure the companies eligible for the TRN (Tax Registration Number) receive it on time.

VAT Courses

Our VAT training course aims to help all accounting professionals, tax accountants, and financial experts in the UAE comprehend the fundamental and technical mechanisms of VAT in the UAE. Our VAT training courses in Dubai will ensure your company abides by the Federal Tax Authority’s rules and regulations (FTA) without relying on a corporate tax consulting company anymore. The VAT training program will prepare your accountants to implement VAT in your organization effectively.

Zero-rated VAT

  • International mass transit and related shipment;
    Exports of products and services to countries other than the UAE;
  • Specific investment-grade rare metals (for example, gold and silver with 99% purity);
  • Parts of some modes of the sea, air, and road transport (such as airplanes and ships);
  • Residential properties that have recently been built.

VAT Consultancy

FTA will levy huge penalties if companies make even one mistake when carrying VAT. In that situation, a professional can assist you in avoiding the penalty fees. VAT is an extremely sensitive issue that necessitates hands-on expertise to handle. Our goal is to provide the best and most reliable VAT solutions to all businesses in the UAE. Our VAT consultancy will assist your company in ensuring VAT compliance in accordance with FTA laws.

VAT Return Filing

The businesses must apply for VAT registration if the taxable supplies and imports exceed the mandatory registration threshold of AED 375,000. Furthermore, a business may choose to register for VAT voluntarily where the total value of its taxable supplies and imports (or taxable expenses) is over the voluntary registration threshold of AED 187,500. Xact Auditing offers a VAT registration service to ensure that companies who are eligible to have the TRN must get the TRN on time.

VAT Voluntary Disclosure

The FTA provides a VAT Voluntary Disclosure form to taxpayers who desire to inform the FTA of an error or omission in a tax filing or refunds application. The VAT voluntary disclosure statement necessitates thoughtful consideration, and it may be worthwhile to seek expert assistance from a registered tax attorney before declaring any disclosures in order to assess and deal with any potential repercussions.

VAT Invoicing

Following VAT registration, your company must initiate a VAT invoice. To prevent VAT penalties and fines in the UAE, all companies must use the VAT invoice format allowed by the FTA. 

The question of how to prepare a tax invoice in the UAE is important for all companies. All tax invoices must include the Tax Registration Number (TRN). When there is no TRN on the invoice, the customer is not obligated to pay VAT.

VAT Courses

The objective of our VAT training is to assist all the accountants, tax experts, and professionals across the UAE to understand the basic and technical mechanism of VAT in the UAE. Our VAT training courses in Dubai will ensure that your business is following the rules and regulations of the Federal Tax Authority (FTA). VAT training will enable you to implement VAT properly and efficiently in the organization.

VAT Refund

The payable tax for products (commodities/ services) acquired by a business or taxable individual in the UAE is known as input VAT. Output VAT, on the contrary, is collected on products sold by a company or taxable person in the UAE. If your company pays more tax than it collects from customers, you may be eligible for an FTA VAT refund in the UAE. 

Exempted VAT

  • Local passenger transport
  • Bare land – sale and lease
  • Residential properties – sale and lease
  • Supply of certain financial services

VAT Rates in UAE

The types of VAT rates in the UAE are:

  • Standard rated (5% VAT)
  • Zero-rated (0% VAT)
  • Exempted (No VAT)

Frequently Asked Questions About VAT In UAE

VAT was implemented in the UAE in 2018. Despite the fact that it’s been there for two years, people in the UAE still have some reservations. Here are some of the most frequently asked questions about VAT in the UAE.

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We are a corporate tax consulting firm in UAE that specializes in assisting businesses in navigating the complex world of corporate taxes.

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