VAT Tax in Dubai, UAE
The UAE introduced Value Added Tax (VAT) on January 1, 2018, as a federal tax on the consumption of goods and services. The standard VAT rate is 5% and applies to most supplies. The law was implemented to diversify the country's revenue sources beyond oil and gas. Businesses with taxable supplies and imports exceeding AED 375,000 annually must register for VAT. The system operates on a tax-credit mechanism where registered businesses charge VAT on sales (output tax) and can reclaim VAT paid on their business expenses (input tax), remitting the net amount to the government. Certain sectors like healthcare, education, and specific exports are either zero-rated or exempt from VAT Brainstorm Accounting & Bookkeeping is FTA Approved Tax Agency and can has been serving clients related to VAT since 2017.
Our VAT services include:
VAT registration with FTA in Dubai and UAE
VAT compliance reviews and record-keeping
VAT return preparation and submission
VAT consultancy and audit support
We serve all industries, from small businesses to large corporations, and customize our VAT services to your needs. We also provide training for your team so they can understand VAT processes better. With our help, you can ensure your VAT obligations are met accurately and on time. We focus on making VAT compliance easy so you can focus on running your business without stress. For professional VAT services in Dubai and across the UAE, contact Brainstrom Accounting and Bookkeeping today.
What is VAT
A value-added tax (VAT) is a type of consumption tax that is placed on a product whenever a value is added at a stage of production and at the point of retail sale. The amount of VAT that the user pays is the cost of the product, less any of the costs of materials used in the product that has already been taxed.
VAT & Excise Advisory
Brainstorm Accounting & Bookkeeping provides VAT & Excise Advisory, planning, tax optimization, implementation, and training services in the UAE and throughout the GCC. Our team of expert tax advisors, financial consultants, and tax accountants will ensure a cost-effective and efficient VAT services for SME’s. We provide all VAT related services and cover all relevant services.