SERVICES

Taxation Services

Looking for the best tax consultants in the UAE? The search comes to an end with us at Ethics Plus!

The dynamic landscape of taxation including the introduction of new tax laws and evolving tax regulations has made it imperative for companies to reconsider their corporate structures to avail themselves of the available tax benefits. Planning your taxes effectively and in advance can help your company have a competitive edge over the others and help in avoiding steep penalties enforced by the FTA on non-compliance.

Our team comprising of experienced tax professionals can assist in overcoming all possible tax-related complications and will strive to ensure timely advice to companies that would help them in restructuring their businesses if necessary, resulting in higher profitability and efficiency.

The various tax-related services provided by us are as follows:

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    Businesses established in UAE must register for VAT if the value of their taxable products exceeds AED 375,000 over the 12-month period that has passed or is expected to exceed this sum in the 30 days to come. However, registration is not compulsory and can be done voluntarily if taxable products and imports are expected to exceed AED 187,500. And if the taxable services do not exceed AED 187,500, businesses are exempt from paying the tax. This new taxation law applies to all businesses in the UAE. This can prove complicated for businesses both big and small; hence, it is recommended that all businesses consult professional VAT consultants in Dubai and UAE in this regard.

    All businesses in the UAE need to record their financial transactions and ensure that their financial records are accurate and up to date. The top VAT consultants in UAE advise businesses that meet the minimum annual turnover requirement (as evidenced by their financial records) to register for VAT. Businesses that do not think they should be VAT-registered should maintain their financial records in any event, in case it is needed to establish whether they should be registered.

    Top Dubai VAT consultants state that all businesses need to do the following:

    • Must charge VAT on taxable goods or services they supply;
    • May reclaim any VAT they’ve paid on business-related goods or services;
    • Keep a range of business records which will allow the government to check that things are in order.
    • If you are a VAT-registered business, you must report the amount of VAT you’ve charged and the amount of VAT you’ve paid to the government on a regular basis. It will be a formal submission and it is likely that the reporting will be made online.

    If you’ve charged more VAT than you’ve paid, you have to pay the difference to the government. If you’ve paid more VAT than you’ve charged, you can reclaim the difference.

    You may find us at:

    Suite No. 108 & 109, Mezzanine floor, Al Diyafah Shopping Center, 2nd December Street, Al Bada’a, Dubai.