VAT Implementation and Return
With the recent launch of Value Added Tax (VAT) in the UAE, Europe Emirates Group has introduced end-to-end VAT compliance services for our clients.
We do the hard work for you when it comes to Dubai VAT implementation so you can concentrate on your core business without being distracted by the imposition of new business taxes.
Our VAT Services
VAT Consulting and Advisory: This service allows us to thoroughly explore and understand the day-to-day workings of your business, as well as the flow of goods, VAT inputs and outputs, the applicability of exemption and record-keeping capacity. Our VAT assessment recommends any changes that are required within your existing accounting and business systems to ensure you stay on top of your VAT compliance.
VAT Implementation: Europe Emirates Group will review all areas of your business to ensure that your processes are fully VAT compliant. The format of documents and wording on contracts may have to be revised, and some companies may need to re-evaluate current pricing strategies to accommodate the impact of VAT. You must also identify whether your firm’s existing accounting system can process various types of output and input VAT, as well as to generate VAT return files and FTA Audit files in the approved formats.
VAT-Compliant Bookkeeping: Europe Emirates Group can ensure that you update your account books promptly and you record all sales, purchases and expense transactions in full compliance with VAT regulations. Europe Emirates Group will also prepare invoices and credit notes in FTA-approved formats.
VAT Return: Businesses whose input VAT exceeds output VAT for a specific period are entitled to seek reimbursement from the UAE Federal Tax Authority (FTA). Europe Emirates Group can respond to FTA queries, submit requests for reconsideration of FTA decisions and assist clients with any tax audits conducted by FTA.
All sales, purchases and expense transactions are promptly updated and recorded in full compliance with VAT regulations. Europe Emirates Group will also prepare invoices and credit notes in FTA-approved formats.