VAT Accounting Requirements in UAE
Globally VAT requirements are distinct in different
countries in the world. These VAT
regulations can be changed at any point of time and companies registered under
VAT are ready to update these changes. Sometimes it become a challenge for
companies to incorporate this changes in their system. Being a Tax Accredited Software (TAS) in
UAE our functional experts are ready
to steer you in all types of VAT concerns.
Once you are registered under VAT in UAE, you must file your
periodic legal declarations monthly or quarterly to Federal Tax Authorities. It
is a transparent summary of all transactions based on the business executed in
specific period which contains VAT assent in all financial transactions.
Each
VAT return is distinct in nature and contains different information and
provisions based on the type of business. Facts is well aware off these process
and we know the complete guidelines and information’s for filing VAT returns in
UAE. For filing return it requires solid
knowledge of local tax legislation policies and procedures. Any discrepancies
from these fundamental prerequisites will attract huge penalties. For avoiding
these discrepancies, we have to keep all VAT invoices for a period of 5 years.
FTA can ask these invoices for verification at any point of time. Facts Billbox
is a wonderful solution for this.
Being a TAS software
we are also providing free consultancy for the same.
Why Facts?
- FTA accredited software
- Cost effective
- Completely customizable
- Biggest team in Dubai
- 20+ years of experience
- Microsoft Gold certified partner of the region.
- Microsoft certified professionals
- Strong knowledge in VAT filing process
- More than 2000+ clients in Trading, Manufacturing and Contracting domain
- Dedicated support team to address client’s concerns
- Easy to file VAT returns
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