Value Added Tax (VAT) Services
VAT was implemented in the UAE in 2018. It is levied at a rate of 5% on most goods and services. Companies with taxable turnover exceeding AED 375,000 in a 12 month period must register with the Federal Tax Authority (FTA) and take steps for VAT implementation in their work process.
It is important that businesses understand the implications of the VAT tax and make every effort to align their business model to the FTA reporting and compliance requirements.
Businesses may find VAT difficult to implement, but failure to do so could result in costly penalties from the FTA. Standard Keys can simplify the VAT implementation process to help you comply with the VAT law.
As one of the leading VAT consultancies in the UAE, we can assist with any VAT issues you may come across. Standard Keys can help you with all VAT related advice and consultations including:
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VAT Registration.
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Advising on how VAT can depend on your legal structure.
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Guidance on the documentation and information required.
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Reviewing your business activity and transactions for VAT compliance.
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Providing a standard data template (Input and Output transactions).
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Review and analysis of data and underlying documents.
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Preparation and submission of all statutory reports.
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Training of your employees to ensure they are familiar with VAT laws and processes.
VAT Services
VAT Registration
VAT
Registration
Standard Keys will help you with the VAT registration, review your compliance with the UAE VAT law and help you prepare and submit regular statutory reports.
VAT Accounting
Standard Keys can manage the entire VAT accounting process, assist you with the procedure and introduce you to the correct VAT accounting software.
VAT Accounting
VAT Return Filing
A VAT return provides information regarding output tax due and input tax recoverable that needs to be submitted to the Federal Tax Authority (FTA) at regular intervals.