News headline 1 : : The UAE's Ministry of Finance has listed out a number of entities that are not required to register for Corporate Tax. News headline 2 : : The ministerial decision on the Exception from Tax Registration will apply to government and government-controlled entities, extractive businesses, and non-extractive natural resource businesses. News headline 3 : : Additionally, a non-resident person will not be required to register for Corporate Tax if they earn only UAE-sourced income and do not have a Permanent Establishment in the UAE. News headline 4 : : Meanwhile, federal government, UAE government departments and authorities, and other public institutions, do not require to register under Federal Tax Authority as long as they continue to meet the conditions for tax exemption. News headline 5 : : Federal Tax Authority ramps up its efforts by expanding inspection visits by 104% in six months. News headline 6 : : Dubai Financial Services Authority Introduces Whistleblowing Regime News headline 7 : : Big update on UAE Corporate Tax. News headline 8 : : Regular Auditing and maintaining accounts have a greater contribution towards the successful running of a business. The lack of proper books of accounts and regular auditing often results in the business owners continuing to run the venture with the impression that it is going on profitably, while it might be running in loss. The realization comes late and the resultant damages are often irreplaceable. This is where a pragmatic approach to External Auditing services in UAE becomes inevitable. Every business needs the service of professionally qualified and experienced External Auditors in UAE to look into their accounting activities.

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Leading VAT Consultancy Services in Dubai, UAE

At BSD Prime Services, we’re proud to be one of Dubai’s leading VAT consultancies, fully approved by the FTA. Our mission is to help businesses of all sizes navigate the complexities of VAT with confidence. Our dedicated team of certified tax consultants focuses on ensuring you stay compliant with the latest regulations while also maximizing your profits. We believe in a personalized approach, working hand-in-hand with you to create VAT solutions that truly fit your needs. Whether you need help with VAT registration, compliance reviews, accounting, bookkeeping, or even dispute resolution, we’ve got you covered. With years of industry experience, our knowledgeable consultants are here to support you every step of the way—be it VAT optimization, audits, or training your staff. At BSD Prime Services, we’re committed to saving you time and money while ensuring you’re fully compliant with all VAT regulations. Let us take the stress out of VAT so you can focus on what you do best!

VAT Registration In Dubai, UAE

The Federal Tax Authority (FTA) has opened an online portal for VAT Registration. The deadlines vary based on the turnover of particular businesses are announced by FTA, and the registration should be carried out in a phased method.

It is quite crucial for every business to determine their obligation in relation to VAT registration, it is important for every business to know how to apply for VAT Registration and acknowledge the details required to complete the online process of registration.

As a consequence, the process of registration can be done easily and which helps to avoid unnecessary delays due to incorrect details of business which could even lead to rejection of registration application.

So here are some important steps to remember while registering for VAT in UAE -

1. Creating e-Service Account

2. Login to your e-Service A/c

3. VAT Registration Form:

The online VAT registration form contains eight sections as shared below, in which the details need to be filled for VAT registration completion-

1. About the applicant

2. Details of the applicant

3. Contact details

4. Banking details

5. Business relationships

6. About the VAT registration

7. Declaration

8. Review & submit

Corporate Tax Compliance & Advisory Services

We specialize in corporate tax services for UAE businesses, ensuring compliance and offering strategic advice to optimize tax strategies and maximize business success. Visit here to speak with a certified corporate tax (CT) advisor today.

How do we as a VAT Consultant assist you?

Prime Services Dubai consists of an amazing team of specialists and offers the best VAT consultancy in Dubai. Our main objective is to help you structure the financial part of your business. We are trusted VAT consultants in Dubai who make sure your company does not have to face any hurdles regarding complex financial issues. Hence, we assure your company to be free from such kinds of penalties incurred due to not having proper compliance. Our teams of VAT consultants work to help you get acquainted with certain changes and make sure you don't face any issues while implementing the changes regarding tax law. Without Expert guidance, it is possible that you might have to face challenges while implementing VAT.

Schedule your meeting with our certified financial experts today for tailored solutions!

VAT consultant in Dubai

What makes us a reliable VAT consultant in Dubai.

Planning and evaluation

As a VAT Consultant the first step is to check all the documents which had been in use till now. We do the proper incorporation of VAT law clauses as per the regulatory of UAE. Hence, we evaluate and plan. Moreover, we offer the best tax consultancy tailored to your business.Planning and evaluation plays major role for efficient finance management.

Compliance & Implementation

We do follow a proper VAT registration process as per the regulations and afterward filing for your returns application as well. BSD Prime services perform a better alignment of compliance practices along with necessities fulfilled by one of the best VAT consultants services in Dubai. Moreover, we provide consultancy regarding any tax and accounting fields for any scale of businesses.

Design, train and develop

We develop, assist, and advise in providing a better structure to your supply chains, transactions, and many more. We make sure to bring change that is crucial and necessary. Moreover, we build a technologically advanced system that offers impeccable services for all your business needs and help to increase the pace of VAT assistance and implementations.

Implementation of VAT

We maintain a sophisticated accounting system and implement VAT rules. Moreover, for SMEs that are larger, we assist your finance team by implementing VAT.

VAT Consultancy In Dubai

  • 1. We provide the assistance of VAT registration by one of the best VAT consultants in Dubai.
  • 2. Analyzing and identifying how VAT has put an impact on your company.
  • 3. Analyzing the accounting necessities and IT system favorable for the VAT consultants in Dubai.
  • 4. Filing and analyzing the VAT returns offered by the impeccable VAT consultants in Dubai.
  • 5. Providing assistance to claim VAT refunds.

We, at BSD Prime Account & Bookkeeping Services, offer an unmatchable solution by providing all your VAT and tax services from the skilled tax professionals in Dubai. We embrace perfection and make sure our organization works as a one-stop solution to all of your VAT and tax regarding services. We are proud to have a team of excellent VAT consultants in Dubai that offer hassle-free services with a sophisticated accounting system with robust software and IT system. For all the services regarding the taxes, we provide a dedicated tax consultant in Dubai that will look after all of

your transactions and make your business tax-efficient. For this, we offer the most skilled and experienced tax consultant in Dubai.

Our Services

Frequently Asked Questions

  • What are VAT rules in UAE?

  • The United Arab Emirates (UAE) introduced Value Added Tax (VAT) in 2018 at a rate of 5%. The VAT rules in the UAE are set out in Federal Decree-Law No. (8) Of 2017 on Value Added Tax.
  • Is my business eligible for the VAT filing?

  • To determine if your business is eligible for VAT filing, you will need to consider several factors such as the nature of your business, your annual revenue, and your location. In general, businesses that exceed a certain threshold of annual revenue are required to register for VAT and file regular VAT returns. The threshold and regulations for VAT registration and filing may vary depending on the country or region where your business is located.

    Also, some of the businesses that are not eligible for VAT filing are:

    • Small businesses with annual revenues below the VAT registration threshold
    • Non-profit organizations
    • Government entities
    • Certain types of goods or services that may be exempt from VAT
    • Certain types of businesses that may be deemed as non-resident for VAT purposes.
  • Why FTA portal showing penalties? How to avoid penalties.

  • Penalties may be showing on the Federal Tax Authority (FTA) portal if your business has not been compliant with VAT regulations, such as failing to register for VAT when required, not filing VAT returns on time, or not accurately reporting VAT information. To avoid penalties, it is important to ensure that your business is registered for VAT and that you are aware of the deadlines for filing VAT returns. Make sure that the information provided in the VAT returns is accurate and complete. In case of any issues or concerns, it is recommended to consult with a tax professional or contact the relevant tax authority for guidance.

    Additionally, businesses can use the available e-services on the FTA portal to file their VAT returns, pay any taxes and fines, and check the status of their accounts.

    In case of penalties, it is important to take the prompt action and pay or appeal the penalties as per the guidelines of your local tax authority.

  • Which items are exempt from VAT in UAE?

  • The following items are exempt from VAT in the UAE:

    • Basic food items such as rice, flour, and sugar
    • Healthcare and medical equipment
    • Education and training services
    • Local transport services (e.g. metro, buses)
    • Residential buildings
  • Can I claim VAT on old invoices in UAE?

  • Businesses can claim VAT on old invoices in the UAE if they have not yet been claimed and if they are within the time limit set by the Federal Tax Authority (FTA).
  • Who can claim VAT refund in UAE?

  • Only registered businesses can claim VAT refunds in the UAE.
  • What are 3 items that are VAT exempt?

  • Three items that are VAT exempt are: basic food items such as rice, flour, and sugar, healthcare and medical equipment, and education and training services.
  • What are the five VAT compliance requirements?

  • The five VAT compliance requirements are:

    • Registering for VAT with the Federal Tax Authority (FTA)
    • Charging VAT on taxable supplies
    • Keeping proper VAT records and documents
    • Filing VAT returns with the FTA
    • Paying VAT due to the FTA
  • How much does a company license cost in Dubai?

  • Depending on your needs, you should expect to pay between AED 5,500 and AED 30,000. The most popular and cost-effective option is to register in a free zone. Contact our Vat consultant for a minimal cost for a business step-up in Dubai.
  • Why FTA portal showing penalties & How to avoid penalties?

  • There could be many reasons of the penalties and it needs to be settle soon or FTA may charge fines on this too.
  • What to do in case I miss any bills from the past sales?

  • They still need to file VAT return with best of their knowledge along with to report to police.
  • What Supplies are Zero Rated in UAE?

  • Zero-rated supplies in the UAE include exports of goods and services, and certain designated investment-grade precious metals.
  • What are the VAT exempt supplies in UAE?

  • VAT exempt supplies in the UAE include:

    • Basic food items such as rice, flour, and sugar
    • Healthcare and medical equipment
    • Education and training services
    • Local transport services (e.g. metro, buses)
    • Residential buildings
  • What are the basic rules of corporate tax?

  • The basic rules of corporate tax in the UAE vary by jurisdiction, but generally require companies to pay taxes on their income.
  • Who is eligible for corporate tax in the UAE?

  • In the UAE, companies that are registered and conduct business within the country are eligible for corporate tax. Foreign companies with a permanent establishment in the UAE may also be subject to corporate tax.
  • What is the corporate tax rate in the UAE?

  • Most of the businesses in the UAE do not pay corporate taxes. However, beginning 1 June 2023, all of the businesses in the UAE will have to pay corporate income taxes subject to exemptions. The UAE corporate tax rate is 9%.
  • What happens if I don't pay corporation tax?

  • Not paying corporation tax in the UAE can result in penalties and fines imposed by the Federal Tax Authority (FTA). The company may also be subject to legal action.

Client Speaks About Us

VAT & accounting

Mohammed

Excellent and clear advise on new VAT & accounting process, friendly approach and looking forward for long term business engagement with BSD Prime Account & Bookkeeping Services.

VAT registration

Fatima

Had a telephonic consultation about VAT registration, preparation and submission with BSD Prime Account & Bookkeeping Services, excellent knowledge on process, good and friendly advise. Sounds like will have long business together.

Bookkeeping Service

Aiysha

Very helpful and friendly approach staff of BSD Prime Account & Bookkeeping Services, good knowledge on Accounting and VAT process.

Corporate tax

David K.

Thanks for the help in Corporate tax. Your team is very knowledgeable and always available. You made our tax savings easy. Highly recommend!