The objective of the “VAT Return Filing” is to comply with FTA’s mandatory requirement for all the taxable businesses. We will be filing VAT returns according to the Return Period mentioned on the VAT certificate. Businesses which are registered under VAT must submit the VAT return and payment of the taxes due within the time frame given by the Federal Tax Authority (FTA) in order to avoid penalty.

LEGAL COMPLIANCE

The Ministry of Finance (MOF) of United Arab Emirates (UAE) has announced the introduction of a new law under Federal Decree – Law No. (8) Of 2017 pertaining to Value Added Tax (VAT) on products, services as well as businesses. To be implemented from January 1st, 2018.

ADVANTAGES OF BEING TAX COMPLIANT

Being Tax compliant is crucial in today’s business environment, it will help the businesses grow and avoid being liable for fines or penalties in case of incorrectly managed or delayed taxation.

HOW EXCELLENCE CAN HELP

The Excellence’s philosophy lays on supporting any company to maintain all their legal obligations fully updated in order to avoid misadventures. All this can be pulled out with tax advisory and accompaniment, which are performed by our expert team with a wide knowledge and mastery over all the taxation matter. Excellence is an official partner of DMCC authority as an approved VAT Advisor in DMCC VAT CLINICS.

MAGNITUDE OF WORK:

  • We will gather and compile the financial information for filing the VAT Return on monthly or quarterly basis as applicable.
  • Review and Verify the VAT related transactions to ensure that correct VAT amount is being charged on sales as output tax and the VAT charged by the supplier is claimed correctly.
  • Prepare the VAT return as per the rules and regulations of the FTA on behalf of the subject company.
  • Ensuring that the VAT returns are submitted within the specified time in each tax period.
  • Providing assistance on timely payment of VAT due in order to avoid any penalty from FTA.
  • VAT REGISTRATION

    VAT REGISTRATION

  • Vat Return filling Services

    VAT RETURNS FILING SERVICES

  • VAT DEREGISTRATION

    VAT DEREGISTRATION

  • EXCISE TAX REGISTRATION

    EXCISE TAX REGISTRATION

  • ASSISTANCE ON ESR AND REPORTING

    ASSISTANCE ON ESR AND REPORTING

  • TAX RESIDENCY / DOMICILE CERTIFICATE

    TAX RESIDENCY / DOMICILE CERTIFICATE

OUR SUCCESS STORIES

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Frequently Asked Questions

Excellence group entity Mansoor Mulla Auditing of Accounts is Registered and Approved Auditors in DMCC, JAFZA, DAFZA, DWC, DSO, SAIF Zone, Hamriyah Free Zone, DED, The Dubai Design District (D3),TECOM, Dubai Media City, and Dubai Internet City.

Yes, we are Approved by Ministry of Economy under registration no 843.

Yes, Our Reports are Widely Accepted with all the Major Banks in UAE.

We follow International Financial Reporting Standards (IFRS) for Auditing and International Accounting Standards Board (IASB) for Accounting.