VAT Services
Our Tax Experts at SSG Consultant provide proper assistance & guidance on compliance with the provision of the UAE Tax Laws. They are cupped with local and international industry experience and advice the business through all the tax challenges and support them for tax compliances and progress towards a sustainable tax strategy
- VAT / Excise Tax Advisory
- VAT / Excise Tax Registration
- VAT / Excise Tax Deregistration
- VAT / Excise Tax Return Filing
- VAT / Excise Tax Implementation
- VAT Compliance Review
- Tax Domocile Certificate
- Tax Audit
VAT / Excise Tax Advisory
We are a specialized Tax Consultant in UAE. To provide exclusive VAT / Excise Tax AdvisoryService to our clients. As your tax consultant, we will be taking up the responsibility to represent FTA on behalf of you.
VAT / Excise Tax Registration
Value Added Tax (VAT) is charged on the purchase/sale of taxable goods and services in the UAE. The current standard rate of VAT in the country is five percent. A VAT-registered business collects VAT on behalf of the UAE Federal Tax Authority (FTA), and in doing so, it is entitled to claim the VAT paid on expenses incurred on products/services for the business
SSG Consultant is equipped with a team of thriving VAT specialists who can help your business to overcome expected roadblocks such as lack of familiarity with VAT rules & regulations, structure and compliance issues, lack of resources and lack of a compliant accounting system.
VAT / Excise Tax Deregistration
VAT de-registration is mandatory as per UAE VAT legislation when taxable businesses no longer exist or deal with taxable supplies. Deregistration of VAT in the UAE involves VAT registration deactivation and cancellation of a business’ tax registration number (TRN). As soon as a company ceases trading, the FTA may cancel the VAT registration if it is satisfied with the provided reason(s). SSG Consultant will help you to deregister your TRN and advice you to avoid fines from penalties.
VAT / Excise Tax Return Filing
We visit the client office on a periodical basis to compile the information for filing the VAT Return. At the end of each VAT return period, we prepare the VAT returns on behalf of your company following the provisions of UAE VAT law.
We ensure that the VAT returns are filed within the time specified for each tax period. Proper guidance for the payment of Tax Liability as per the provisions of the UAE VAT Law will be advised. Optimal Tax Planning for the company will be done.
VAT Compliance Review
VAT Compliance is pivotal for the success of businesses in the UAE registered for VAT. The UAE Federal Tax Authority (FTA) require compliance. Our experts review the records maintained by the entity accountants with the above-mentioned compliance perspective and add value by identifying and rectifying the areas where noncompliance is made by the entity to ensure that FTA penalties are avoided if non-compliance is detected in FTA’s that can be done any time within 5 years
Tax Domicile Certificate
Tax Domicile Certificate is required to avoid withholding and Income-tax deduction from UAE based entity’s invoices/revenue sent to entities/individuals (Buyer’s) residing in their host countries. In the situation where the entity has provided export services or goods and expects the recovery of receivables subject to income tax regulation of the export destination, it can apply for Tax Domicile Certificate in the UAE where the UAE has signed a double taxation treaty with the subject country (export destination) and request for deduction waiver after producing the certificate to the export country.
Tax Audit
Value Added Tax (VAT) has been implemented by the UAE Government in early 2018 and it has been matured to a wide extent now in UAE. Organizations are filing their quarterly VAT returns to Federal Tax Authority (FTA) either by themselves or via external consultants. Organizations are becoming increasingly concerned about the information submitted to FTA in VAT returns as FTA has started auditing the Accounting and VAT records of entities as per the UAE Law.
Our experts have provided VAT review and Audit services to a wide variety of clients and are well equipped with the expertise and knowledge required to perform the service.
