As of January 01st 2018, the UAE will be subject to VAT laws which will affect businesses who fulfil specific VAT criteria. Whilst you’d need to double-check whether your business specifically needs to adhere to these VAT protocols, in general, businesses who meet the income threshold of AED 375,000 annually definitely to make the 5% commitment accordingly. On the other hand, companies who don’t meet the threshold can still register for VAT, so that if one day they do begin making this amount, they’d already be registered and able to progress smoothly ahead with their business. If you’d like personalised advice and guidance on VAT registration for your own company, our VAT registration company Dubai is poised to assist you with every complication for utmost convenience and efficiency.
On that note, it’s important to stress about how disjointed tax advice can be incredibly detrimental for a business overall. Aside from other legal requirements, tax is one of the most critical aspects of a business structure, and therefore needs to be handling very carefully and with sensitivity. Any grey areas must be cleared out as soon as possible, as failure to comply with local laws will result in heavy penalties and fines. For example, the fine for not maintaining accurate financial records via bookkeeping is now set at AED 10,000. A significant chunk for start-ups and small businesses in particular. Hence, let’s take a look at some of the key ways in which this tax consultant Dubai can help you.
Much like you’d spend some time with a new doctor discussing your medical history and current situation, we too need to liaise with our clients-to-be, first assessing their needs and understanding their circumstances thoroughly. This allows us to obtain in-depth knowledge about the business, its operations, what you’ve been doing thus far, and how these newly implemented VAT laws will affect you. Additionally, we’d also look at how we can tackle these VAT requirements as efficiently as possible, so you may continue to focus on your business’ operations targeting revenue, growth and profits. Our free consultations are available in 30-minute stretches, so book your slot today.
One of the main concerns most of our clients have during their consultation, is whether we’d offer consistent or on-going support. The answer is yes. We don’t simply fill out forms and set you up for registration, we make it a priority to tackle complications that may crop up, say missing the VAT registration deadline, which can result in fines and penalties. Furthermore, should the business grow and develop bringing in additional funds, we can guide you with the necessary tax protocols accordingly. We tackle tax requirements across any scale, and with 15 years of experience backing us up, we’re confident in our results as well.
Multiple Services. One Place
We’re also a UK tax consultancy in Dubai, and over the years we’ve expanded our company to include all-encompassing tax services. What this means is that it’s not merely a matter of registering for VAT and ironing out any issues in that aspect, but also offering continued support with bookkeeping and recording financial transactions accordingly. Our team of experts can help you prepare regular management accounts, whilst supporting your tax necessities as well.