Tax Consultants in Dubai| Corporate Tax Advisors UAE
A business hub, Dubai attracts entrepreneurs from all over the world owing to its strategic location, tax-friendly policies and modern infrastructure. VAT Registration is a key must for your business. Complying with VAT Registration Requirements, Corporate Tax registration and sound accounting practices make operations seamless.
Services Offered by Maryanne Advisors
-
VAT Registration,
-
VAT Return
All You Should Know about VAT Registration in Dubai
-
VAT Refund services in Dubai
-
Corporate Tax registration
VAT stands for value-added tax which is an indirect tax on goods and services of 5%. VAT registration: Businesses with a taxable turnover of more than AED 375,000 per annum must register for VAT. Entities whose taxable supply falls between AED 187,500 and AED 375,000 are advised to register even if not mandatory.
VAT Registration Requirement
-
Trade License Copy
-
Owner(s)/Partner(s) passport/Emirates ID
-
Business Address proof (utility bills, tenancy agreement)
Careful attention must be paid to the registration process on the Federal Tax Authority (FTA) portal. It is through their expertise of VAT registration services in Dubai that a business can ensure compliance, accuracy, and on-time registration without penalties.
-
Cash flow statement demonstrating turnover
-
Bank account details
Registration & Filing of Corporate Tax in Dubai
To register for Corporate Tax, you should visit the Page of the FTA portal –
Ensure your books are up to date for review.
Monthly – Corporate Tax Return – to be filed yearly
They can also save money while optimizing tax strategies ensuring businesses are meeting registration and filing deadlines while avoiding associated penalties. Ongoing collaboration with specialists simplifies the process to leave the company to focus on growth
Simplified Tax Compliance: VAT and Corporate Tax Filing
Single VAT and Corporate Tax Filing Once a business obtains VAT or Corporate Tax registration, it needs to comply with numerous requisites prescribed by a Federal Tax Authority in order to ensure accurate reporting and timely submissions.
Specifically, they need to furnish customers with detailed Tax Invoices that include relevant purchase information. In addition to this, to account for value added taxes collected, quarterly VAT Returns must also be filed with the FTA.
Corporate Tax documentation is also filed annually to pay taxes owing. Retaining transaction records covering the past five years is also vital.
Failing to pay these debts does not go down well, and as such, one will surely be charged penalties.
To that end, enlisting the expertise of VAT and tax professionals makes certain that submissions are error-free and all deadlines are met, avoiding costly penalties.