VAT Services

VAT Registration

A start-up, an individual, foreign establishment providing services in UAE or an established business is required to register for VAT as per income and expense thresholds. We advise on the requirements for VAT registration with Federal Tax Authority and simplify VAT registration.

VAT Impact Assessment

Our tax professionals review operational, financial, and legal transactions to determine the VAT impact on businesses. Our advice covers VAT Accounting, record keeping, information technology changes and policies and procedures to develop a compliance model.

VAT Return Filing

A registrant is required to file VAT return on the 28th day following the end of tax period. VAT return filling requires a 360-degree review of business transactions and their treatment as per the provisions of the law before return is submitted. We offer tax return preparation, review and tax agent services.

VAT Advice

The adoption of VAT is an ongoing process and every day businesses encounter unique transactions that might require special treatment for the recording, tax rate and claim ability of VAT. We offer flexible solutions for businesses to engage and seek transactional advice as needed.

VAT Audit & Review (Health Check)

Federal Tax Authority (FTA) can perform a tax audit on tax registrants to determine their compliance with the provisions of the relevant laws. Therefore, it is important for all registrant to be accurate with VAT fillings and ensure compliance to avoid penalties and prepare for a potential tax audit. One of the best ways to prepare for this is to perform a Tax Health Check to examine key areas of Tax Compliance and the controls thereon.

The scope of work for a VAT health check generally includes:

• Review of VAT Returns and taxable transactions
• Assessment of each category of transaction to ensure they have been duly recorded and reported.
• Reviewing VAT invoices and related documents
• Reconciliation between accounting records and VAT returns
• Review of VAT documentation
• Reviewing compliance of FTA laws and regulations
• Assistance in preparation for FTA audit documentation and audit trail;
• Identifying key risks areas
• Recommendations and remedies for areas of concern

The tax professionals at JRB are highly experienced in providing Tax Health Checks that bring together our knowledge and experience in taxation and related internal controls.