Aston Advisory | Business Setup and Company formation In Duabi
VAT compliance
How Aston VIP can help with VAT compliance through
our cooperation with the best audit companies in Dubai.
VAT Services
Value Added Tax (VAT) compliance is a critical aspect of business operations in Dubai and the broader UAE.
Ensuring your business adheres to VAT regulations can be complex and time-consuming.
Aston VIP, through our strategic cooperation with leading audit companies, provides comprehensive VAT services to help your business stay compliant and efficient.
Our VAT Services
VAT Registration
01
Assessment
We assess your business’s eligibility and need for VAT registration.
02
Documentation
Our team assists in gathering and preparing the required documentation.
03
Submission
We handle the entire registration process with the Federal Tax Authority (FTA), ensuring a smooth and timely registration.
VAT compliance and filing
Record Keeping
We help maintain accurate and up-to-date VAT records, including sales, purchases, and expenses.
Periodic Filing
Our experts prepare and file your VAT returns on time, ensuring compliance with FTA deadlines.
Payment Management
We assist in managing VAT payments, ensuring that the correct amounts are paid promptly.
VAT services
Expert guidance
We provide tailored advice on VAT matters, helping you understand the implications of VAT on your business operations.
Tax planning
Our team helps you develop effective VAT strategies to optimize tax efficiency and minimize liabilities.
Transaction advice
We offer guidance on VAT treatment for specific transactions, including cross-border trade and complex business arrangements.
VAT audit support
Pre-audit preparation
We help you prepare for VAT audits by ensuring all records and documents are in order.
Audit representation
Our experts represent your business during FTA audits, addressing queries and ensuring a smooth audit process.
Post-audit assistance
We assist with any follow-up actions required after an audit, including resolving discrepancies and implementing recommended changes.
Why choose Aston VIP for VAT services?
Expert collaboration
Through our cooperation with leading audit companies, we offer access to top-tier VAT experts who are well-versed in UAE tax regulations.
Comprehensive support
Our VAT services cover all aspects of VAT compliance, from registration to filing and audit support, providing a holistic solution for your business.
Tailored solutions
We understand that every business is unique. Our services are customized to meet the specific needs and challenges of your business, ensuring optimal VAT compliance.
Efficiency and accuracy
With our streamlined processes and attention to detail, we ensure that your VAT obligations are met accurately and efficiently, reducing the risk of errors and penalties.
Proactive approach
We stay updated with the latest VAT regulations and changes, proactively advising you on how to adapt and remain compliant.
Ensure your business remains VAT compliant with the expert support of Aston VIP and our audit partners
Let Aston VIP and our trusted audit partners help you navigate the complexities
of VAT compliance, allowing you to focus on growing your business with confidence.
Get in touch
Contact us today to discuss how we can assist you with all your VAT needs.
United Arab Emirates
- Cluster W, JLT - Dubai
- +971 4 518 2623
United Kingdom
- 128 City Road - London
- +44 20805 08064
CONTACT US
- contact@aston.ae
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Frequently asked questions
Question︰
What is VAT compliance, and why is it essential for businesses in Dubai?
Answer︰
VAT compliance refers to meeting all legal requirements under the UAE’s Value-Added Tax framework, including registering for VAT, calculating VAT on goods and services, submitting returns, and paying taxes to the government on time. For businesses operating in Dubai, adhering to VAT laws is not optional—non-compliance can result in significant fines, penalties, and legal issues that could harm operations and reputation.
Being VAT compliant also demonstrates financial transparency, builds trust with clients, and ensures smooth operations during audits or inspections. At Aston VIP, we work closely with businesses to simplify VAT compliance by handling registrations, submissions, and filings, ensuring that every detail aligns with UAE tax regulations. This allows you to focus on your core business activities without worrying about legal obligations.
Question︰
How does Aston VIP handle VAT registration for businesses?
Answer︰
VAT registration can be a complex process, particularly for businesses unfamiliar with UAE tax laws. Aston VIP provides a structured and efficient approach to VAT registration by first assessing whether your business meets the mandatory registration threshold of AED 375,000 in annual revenue. For businesses below this limit but over AED 187,500, we also explore the benefits of voluntary VAT registration, which can help boost credibility and facilitate input VAT recovery.
We manage the entire registration process, from collecting the required documentation—such as trade licenses, financial records, and business ownership details—to submitting the application to the Federal Tax Authority (FTA). Our team ensures that the process is fast and seamless, helping you get your VAT number without any hassle or delays.
Question︰
How frequently do businesses need to file VAT returns in Dubai, and what does it involve?
Answer︰
In the UAE, VAT returns are typically filed on a quarterly basis, although some larger businesses may be required to submit them monthly based on their turnover. Filing VAT returns involves reporting the VAT collected on sales (output VAT) and the VAT paid on purchases (input VAT). The difference between these amounts determines whether the business owes tax to the government or is eligible for a refund.
At Aston VIP, we take care of the entire filing process, ensuring that your returns are accurate and submitted on time. Our team thoroughly reviews all financial records, checks for errors, and verifies compliance with UAE VAT laws. By outsourcing this critical task to us, businesses can avoid penalties and ensure that their filings reflect the correct VAT liability.
Question︰
What penalties can businesses face for late or inaccurate VAT filings?
Answer︰
Non-compliance with VAT laws in the UAE can lead to substantial financial penalties and even operational restrictions. For example
- Trade license(s).
- Passport copies of the business owner(s).
- Emirates ID copies (if applicable).
- Company contact details.
- Proof of business income or revenue (financial statements.)
Non-compliance with VAT laws in the UAE can lead to substantial financial penalties and even operational restrictions. For example:
Late Filing: A penalty of AED 1,000 is imposed for the first offense, increasing to AED 2,000 for repeated delays within two years.
Incorrect Filings: If VAT returns are inaccurate or contain errors, businesses may face penalties of up to 50% of the unpaid VAT amount.
Failure to Register: Businesses that do not register for VAT when required could face fines of AED 10,000 or more.
These penalties can quickly add up and damage your business reputation. Aston VIP ensures full VAT compliance by managing registrations, accurate calculations, and on-time submissions. Our proactive approach minimizes the risk of penalties and ensures a smooth relationship with tax authorities.
Question︰
<span data-metadata=""><span data-buffer="">How can Aston VIP assist businesses with VAT advisory and strategic planning?
Answer︰
Input VAT is the tax paid by businesses on goods and services they purchase for operations, while output VAT is the tax collected from customers on goods and services sold. The net VAT amount payable to the government is calculated as the difference between output VAT and input VAT.
For example, if your business collects AED 10,000 as output VAT from sales and pays AED 7,000 as input VAT on purchases, you will owe the difference of AED 3,000 to the Federal Tax Authority (FTA). Businesses can recover input VAT, provided they meet specific criteria and maintain proper documentation, such as valid tax invoices and proof of payment.
At Aston VIP, we ensure your business tracks both input and output VAT effectively, helping you minimize VAT liabilities and maximize recoveries. Our team reviews all invoices, verifies compliance, and prepares VAT filings with accuracy to optimize your tax position.
Question︰
Can Aston VIP help businesses prepare for VAT audits?
Answer︰
Yes, Aston VIP offers comprehensive VAT audit support to ensure businesses are fully prepared for tax inspections conducted by the Federal Tax Authority (FTA). VAT audits involve a detailed review of a business’s financial records, including sales invoices, purchase records, VAT returns, and supporting documentation. Any inconsistencies or errors can result in penalties or additional liabilities.
Our team conducts a pre-audit review to identify and address potential issues in your VAT filings and documentation. We ensure that all records are accurate, compliant with UAE tax laws, and readily available for inspection. During the audit, we provide ongoing support, act as intermediaries with the tax authorities, and address any queries or concerns on your behalf. With Aston VIP, you can approach VAT audits confidently and stress-free.
Question︰
What is the difference between tax advisory and tax compliance services?
Answer︰
Tax advisory focuses on strategic planning and optimization, helping businesses structure their operations to achieve long-term tax efficiency. It includes identifying deductions, exemptions, and opportunities to reduce liabilities. Tax compliance, on the other hand, ensures businesses meet their legal obligations, such as registering for taxes, filing accurate returns, and paying taxes on time.
At Aston VIP, we provide both services. Our tax advisory team helps you plan effectively, while our compliance experts ensure your filings and processes align with UAE regulations. Together, these services ensure your business remains compliant while maximizing tax savings.