VAT Consultation
Registration
The Federal Tax Authority (FTA) is the government entity who is responsible for the collection and management of the Taxes. All the legislation including the guides and clarifications are provided by the authority to help the business organizations.
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VAT Consultants in UAE

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Leaders Accounting Service – Leading VAT Consultants in UAE offering professional VAT Consultancy Services across UAE.
 

Value Added Tax(VAT) was introduced by the UAE government on 1st January 2018. VAT is an indirect tax that is levied on the consumption of goods and services. The imposition of vat would greatly have an impact on the functioning of the business and with increased risk, volume and complexity of the transactions it becomes difficult for the taxpayers to meet the tax compliance.

Since the inception of VAT in UAE, we at Leaders Accountant Group has been providing continuous professional support to the taxpayers to ensure that they are adopting proper tax procedures and VAT compliance. We can help your business in analyzing your transactions and solving tax disputes.

VAT Advisory Service

we offer relevant advisory services according to the industry needs to find suitable solutions. As your advisor we can provide VAT advice on the transactions and guide you on the taxability of the transactions and its impact.

VAT Return Filing Service

We support businesses in UAE for filing the VAT Return Form 201. All the necessary guidance to reconcile input VAT and output VAT and the computation of tax liability will be checked based on the information to comply with the VAT Law and regulations.

VAT Transaction Advisory

Vat transaction advisory services are about guiding your business with regard to specific industry transactions. This might be more relevant to companies having complex transactions, products, and branches. Our professionals are up to date with the recent developments taking place and will be able to advise and guide you on VAT matters.

VAT Registration

Tax Audit refers to an independent examination of books of accounts and
various tax records of a tax registrant by respective authorities in
order to ensure proper compliance of tax laws and curb the illicit tax
practices in the economy.

VAT Deregistration

VAT Deregistration can cost your business if the application is not submitted within the time frame. We can assist your business in applying for the cancellation of the tax registration number and ensure that the entire process is carried out smoothly.

VAT Training

We offer customized and tailor-made training services to individuals and corporates on VAT Law and regulations to ensure that you are dealing with VAT correctly. We have our expert professionals who are well versed in UAE Law and procedures to train and equip you on various VAT matters.

FAQ

Most frequent questions and answers

Ans: As per UAE VAT Law, if you are providing only Zero-rated supplies, you will be eligible to claim exception from VAT registration but if the authority feels that there are services which you provide that does not qualify for zero-rating, such exception granted can be revoked. In order to get the exception, the applicant shall notify the same through his VAT registration application.

Ans: No, currently foreign banks are not recognized in the FTA portal at the time of VAT registration in UAE.

Ans: Yes, as per UAE VAT Law, failure to submit a registration application within the timeframe specified can attract a penalty of. AED 20,000

Ans: The tax regimes, KSA and UAE, though derived from a common GCC framework are two different tax regimes. You will have to obtain separate registrations for your companies in both countries.

Ans: FTA has arranged an online verification system by which you can check whether the TRN provided by your supplier is registered in the system.

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