VAT compliance and accounting support.

What is VAT?

Value Added Tax is an indirect tax on consumption of goods and services in the UAE. The supplied material covers registration thresholds, computation, records and penalties.

Registration

The supplied service material covers mandatory and voluntary registration thresholds, expected turnover and non-resident taxable supplies.

Computation

VAT is calculated through the difference between output tax collected on sales and eligible input tax paid on purchases.

Records

• Tax invoices and credit notes
• Sales and purchase records
• VAT returns and payment records
• Bank statements and accounting ledgers
• Relevant contracts and agreements