#1 VAT Consultancy Services in UAE

Beyond Numbers: Professional VAT Consultancy Services in UAE

The Federal Tax Authority (FTA) of UAE introduced Value Added Tax (VAT) in UAE from January 2018. The UAE government has embraced this big change in order to reduce its reliance on oil-based revenue and invest more towards development of economy’s infrastructure and provide even better lifestyle to the residents.

While the basic rate applicable for VAT is 5%, this new economic move will have its impact on the general population, business, job market and the government. Businesses in particular, is having to make changes in operations, technology and human resources.

At Beyond Numbers, we provide a 360° VAT consultancy services in Dubai, UAE. Under this spectrum, we help our clients with VAT registration, accounts for VAT, Tax Planning, Report Preparation, and Filing Returns to the VAT authorities.

vat consultancy in uae

Best VAT Consultancy Services in UAE For Businesses

VAT registration is the first step towards enrolling your business under the new VAT laws enforced by the government. The Federal Tax Authority (FTA) has mandated every individual (natural persons) and companies (legal persons) performing business in the UAE to register for VAT if their total taxable supplies and imports of goods and services in UAE exceed AED 375,000, over the past 12 months or is about to cross the aforesaid turnover in next 30 days (for the rolling 12 months period). This excludes the supplies and imports of goods and services that are exempt.

Businesses (including start-ups) or individuals who expect their supplies and imports to exceed AED 187,500 can voluntarily register for VAT at our VAT consultancy in UAE. Non-residents performing business in the UAE mandatorily require to register for VAT irrespective of the registration thresholds mentioned above.

As emphasized by FTA, VAT registration is a critical process which involves a careful review of the data and documents submitted. Inaccurately recorded data and impending faults associated with that, can lead to rejection of application. Or in other cases, the application will be sent back to the registrant for amendments which may lead to delay in receiving the tax registration number (TRN).

To ensure that you successfully register for VAT and receive the TRN without any hassles, Beyond Numbers previews the data before submission and executes the entire process with flawlessness. Beyond Numbers acts as your compliance management partner from the first step of registration process while providing the VAT consultancy.

Maintaining Accounts For VAT Services

After having registered for VAT, every taxable entity is required to prepare and maintain a record of accounts for VAT (for minimum five years). As an extension, the authority can ask to submit documents including annual account details, purchase daybooks, invoices issued and received, general ledgers, credit notes, debit notes and records of imports and supplies.

Having a team of consummate professionals, Beyond Numbers helps you with the keeping of records related to taxable supplies and imports of goods and services. We ensure that all the accounts related to VAT are valid, up to date and duly maintained for a minimum of five years – a requirement readily available when your business undergoes the audit.

As a part of our accounting services, we keep your VAT records in an organized and standardized form and resolve any accounting related issues thereby protecting the business from the incurrence of any penalty and fines from the government.

Our expertise, credentials and long-established experience manifest in our full-fledged accounting services including sound financial forecasting and advice that ascertains your business reaches the maximum efficiency.

So, Contact us today if you’re also looking for professional VAT consultancy services.

VAT Report Preparation Service in Dubai, UAE

To comply with FTA requirements under the VAT law, every taxable business and individual requires to prepare a VAT report prior to submission of any records to the authority. Beyond Numbers helps companies to draft report that is precise, captures all the details and is in accordance with the FTA compliance requirements.

We help you prepare the records under defined deadlines, while keeping an eye on the accuracy of the submissions. VAT touches every aspect of a business including IT systems, finance, legal teas, inter-organizational transactions and human resources. We support the entire company level reporting process.

Tax Planning Services in Dubai, UAE

It is not always possible for the companies to look after the tax issues and get them resolved with the concerned authorities. Beyond Numbers acts as your tax planner and manages all the tax matters meticulously. We provide a reliable tax planning strategy for your business and offer a comprehensive service package that meets your exact needs.

We provide tailor-made services to businesses and high net worth investors who look for optimizing their asset protection and minimizing their international tax exposure with our VAT consultancy services.

We also provide a merger and acquisition roadmap followed by a properly-structured tax-efficient plan. We keep businesses informed of any regulatory amendments made by the government to ensure your business keeps away from its negative impact.

Implementation Of VAT in UAE

With the implementation of VAT in UAE, it is required that every taxable business should submit VAT to the government through the FTA portal. A business needs to file VAT returns on a periodic basis which is usually within 28 days of the end of the tax period. The tax period is a stipulated period of time for which the payable tax needs to be calculated and paid.

Prior to filing the VAT returns, you need to assure that all your tax requirements are met. Beyond Numbers takes care of all the required information and documentation and helps you to file your VAT returns with due compliance. We assist you in preparing and filing the VAT return by taking the exact input tax credit against the total VAT liability into account.

We help you to achieve the end result of VAT returns with professional guidance that helps you catalyze timing of cash flows seamlessly. Above all, we make sure that your VAT return is filed as per the specified timeframe, hence save your business from violations and penalties at Beyond Numbers today!

We at Beyond Numbers have a dedicated team of VAT specialists who supports your business with the nuts and bolts of the VAT implementation in UAE, with proficiency and insightfulness.

We support our clients with strategic advising, planning and implementation of VAT ensuring their business functions well in line with every aspect of new VAT legislation, now and in future.

Get in touch with us today, if you’re also looking for VAT consultancy services or payroll outsourcing services Dubai.

Comprehensive VAT Consultancy Services in UAE: Expert Guidance for Seamless Compliance

Given the VAT introduced in the UAE in January 2018, businesses face new economic changes designed to lead to long-term financial stability for the country. For that reason, the Federal Tax Authority (FTA) notes that the introduction of VAT aims to diversify other forms of revenue for the country instead of oil, thereby creating further investments in infrastructure and quality of life for residents. Thus, VAT consultancy becomes quite unavoidable for the business as it tries hard to sustain its compliance with the optimum utilization of operations and resources.
Specializing in UAE VAT consultancy, Beyond Numbers provides its clients with a dependable support base for every stage of the VAT process. From registration to strategic tax planning and return filing stages, all aspects of VAT compliance in Dubai and beyond come under the business’s one umbrella.

Why VAT consultancy services are urgent in the UAE

The VAT regulatory framework dictates that companies must conduct specific procedures to ensure compliance with the FTA’s rules and regulations. VAT does not only touch financial transactions but also overall business operations, technological systems, and human resources management. VAT consultancy services simplify the procedure to ensure your business meets the requirements of the FTA without interfering in daily operations.
Beyond Numbers offers a holistic VAT solution, providing comprehensive, seamless compliance at every process step. Our skilled team is at your service to help businesses reduce their VAT liabilities and ensure proper documentation and return filing, all designed exclusively for the needs of UAE businesses.

Comprehensive VAT Consultancy Services in Dubai and Across UAE

Beyond Numbers’ expansive vat consultancy services in Dubai cover all aspects of VAT compliance, ensuring businesses meet all their requirements efficiently and accurately. We have the utmost pride in being able to help you with your VAT compliance from here

VAT Registration Services in UAE

First and foremost, to be VAT-compliant in the UAE, any business must register for VAT. The FTA requires any individual or business with a taxable annual turnover of more than AED 375,000 to register for VAT. But if your turnover is between AED 187,500 and AED 375,000, you can look forward to voluntarily registering for VAT, keeping you prepared in case of future business growth.

VAT Accounting and Record Keeping Services

Core VAT compliance capabilities begin with proper accounting and record-keeping. Our Dubai VAT consulting firm provides complete VAT accounting support. We help design systems that can correctly track VAT on transactions and keep your company clean with cost savings from costly errors while ensuring you can prepare all the records necessary for FTA audits or inspections.

Preparation of VAT Return Filing and Reports

VAT return filing is a critical compliance requirement and has to be done regularly by all businesses in the UAE. VAT returns must be submitted quarterly or monthly, based on the turnover of that particular business. Non-compliance with error-free and time-bound return filing would attract penalties and greater scrutiny from the FTA.
All our VAT consultants are ready to prepare and file to the standards set forth by FTA, seeing to it that all your VAT returns are comprehensive and error-free. We calculate and make adjustments plus report filing on your behalf so that business runs freely and meets every deadline like clockwork.

VAT Planning and Advisory Services

Effective VAT planning requires VAT cost optimization and simplification of VAT obligations. Beyond Numbers incorporates strategic tax planning for businesses on VAT treatments related to all transactions, purchases, and sales to make informed decisions. Our advisory services in the UAE, within a complex tax environment, help clients maximize their cash flow and improve operational efficiency through understanding VAT obligations.

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VAT Compliance and Risk Management

VAT compliance will help avoid the penalties arising from FTA, promoting cash flow and efficient operations. Beyond Numbers is here to help in compliance management, risk assessment, and finding VAT compliance gaps to ensure that all your business processes remain free of potential compliance flaws, VAT experts and mechanisms examine extensive details are provided to correct such issues so you can have peace of mind about everything relating to VAT.

Why Choose Beyond Numbers for VAT Consultancy Services in UAE?

With years of experience and profound knowledge of the UAE’s law of VAT, Beyond Numbers is a reliable VAT consultancy provider in Dubai. A dedicated team of VAT Consultants understands the unique regulatory challenges that businesses face and responds with solutions that streamline compliance and support growth. Here are a few reasons why Beyond Numbers is the best choice for VAT consultancy services in the UAE:

Experienced VAT Experts

Our team is comprised of highly experienced VAT consultants who are well-equipped with tax laws in UAE and FTA compliance requirements.

Personalized Service

We know that no two businesses are alike. Our VAT consultancy services can be availed to meet your organisation’s unique needs and objectives.

Accurate and Comprehensive VAT Processes

All VAT processes are carried out accurately and on time, such as registration, filing, and reporting, among other compliance.

360° VAT Support

Beyond Numbers provides extensive consultancy services about VAT, ensuring that your business fully complies with all UAE FTA requirements without affecting its operations.

Frequently Asked Questions on VAT Consultancy Service in UAE

Enterprises and natural persons whose taxable turnover exceeded AED 375,000 during the preceding twelve months or who are expected to exceed such an amount during the next thirty days are required to register for VAT. Voluntary registration may be allowed for those whose taxable turnover exceeds AED 187,500

VAT returns are usually submitted quarterly or monthly based on the business’ turnover. FTA prescribes specific dates for every reporting period and is subject to penalty if not observed.

FST imposes penalties on late registration, late submission, inaccuracies in the filed returns, and late VAT payment. Penalties vary; therefore, compliance with all VAT obligations is essential.

Beyond Numbers will ensure you get your data into the FTA accurately and entirely for VAT registration. Our team previews and validates all information to minimize delays and make the registration process as smooth and efficient as possible.

Let's Get Started with Beyond Numbers: Top VAT consultancy services in UAE

Another aspect is VAT compliance for businesses in the UAE. Beyond Numbers is a credible VAT consultancy service that will guide you through every process step, from registration to record-keeping and filing, and it will ensure you are constantly compliant.
Our VAT consultants in Dubai bring much more than experience to the table. Instead, they also bring streamlined, efficient solutions to help you focus on business growth and compliance with UAE tax laws. Get in touch today to understand how Beyond Numbers can help your organization stay on top of VAT.