TAX advisory

With the recent announcement of the Tax Procedure Law by the President of the UAE, the country is all set to welcome the new policies that will be forming the part of day to day activities of many businesses.

The Tax Procedure Law has paved the way for the implementation of the much awaited VAT in the UAE. VAT is an indirect tax that is charged on the supplies of goods and services that are bought and sold. The introduction of VAT aims to strengthen the indirect tax structure of the UAE.

image VAT will come into force on 1st January 2018 and charged at the rate of 5%. VAT will be chargeable on a vast variety of goods and services in the country. However, there are certain goods and services which are exempt from VAT.

BDS Square Chartered Accountants in Dubai provide best consultancy services to the clients in Dubai. We at BDS Square have a great team that caters to the clients as their consultants.

With the introduction of the taxation in the UAE, and the implementation of VAT in Dubai, we will guide your way and ease out your difficulties that might arise when VAT is implemented. Being a VAT Consultant in Dubai, we at BDS Square would assist you in each and every step to be well versed with the regulations and procedures required to comply with all the VAT requirements.

VAT and taxation laws being new to the country of UAE requires all the business houses and firms to prepare themselves for VAT. ARC Associates will provide VAT Consultancy Services in Dubai and carry out all steps and procedures that will save your firm from facing losses as well as the penalties for non adherence and prepare your business to handle this new law with least amount of difficulty.

The introduction of VAT from 1st January, 2018, has popped several questions in the minds of the businesses, customers and all other residents in the UAE. For answer to every question of yours regarding the VAT, contact ARC Associates and get the perfect answer to your query, with the best VAT Consultant in Dubai.

We at BDS Square not only provide assistance in complying with the rules and regulations, but our VAT Consultants also point out the financial challenges that your business could be exposed to with the implementation of VAT in UAE. Knowing about your financial challenges helps you prepare yourselves better and cut out the future losses and face those financial challenges with a proactive strategy.

For having a detailed knowledge about the VAT Legislation, the VAT procedures, the VAT registration, the returns and filings, please feel free to contact a VAT Consultant in Dubai at BDS Square


VAT Registration

As the date for the implementation of Value Added Tax (VAT) in UAE is approaching, the hustle bustle to be prepared for VAT has increased over time. It is a necessary requirement for all the businesses to be registered for VAT in UAE. The Federal Tax Authority eligibility criterion for the registration of VAT is as follows.

Compulsory registration is for the businesses that have an annual turnover of AED 375,000 and they can register themselves from the last quarter of this year (from 1st October to 31st December 2017).

Voluntary registration is for the businesses that have an annual turnover of AED 187,000 and they can get themselves registered from the second last quarter of this year (from 1st July).

Rules’ regarding the Group registration has also been announced by the Ministry of Finance. Businesses that deal in the same kind of activity can register themselves together as an enterprise and have a common VAT number.

As the date for the compulsory registration is just a month away, it is becoming a concern for all the businesses to get themselves registered under VAT as soon as possible in order to avoid any complications in the near future.

The taxable person will be allowed to get himself registered online using the eservices. BDS Square provide VAT Registration Services in Dubai and allow you to get registered for VAT without any hassle.

BDS Square provide all services related to VAT whether it is the VAT registration in the UAE, VAT Consultancy services in the UAE or other services like the VAT returns/filings, etc.

For hassle free and assured services as a VAT Agent in UAE, please contact BDS Square Chartered Accountants.


Excise Tax

When to register for Excise Tax in the UAE?
The Registration for Excise Tax in the UAE has started from 17th September 2017.  All Taxable entities are entitled to register for Excise tax through the FTA’s online portal. The Excise Tax Federal Decree-Law No. (7) of 2017 in the UAE shall be effective from 1stOctober 2017. Hence the registration has to be done on or before 30th September 2017.
 Which are the goods subject to the Excise Tax in the UAE?
Who should register for Excise Tax in the UAE?
The below-mentioned groups will now have to register for Excise Tax in the UAE

  • Producers of Excise goods.
  • Importers of Excise goods.
  • Stockpilers of Excise goods.
  • Warehouse keepers responsible for excise goods.

What are the information and documents to be given while registering for Excise Tax?
An applicant while registering for Excise Tax should provide following: 

  • Details of the applicant (name / legal type / other legal details)
  • Contact Details
  • Banking information
  • Business Activity & related information
  • Customs Registration details
  • Declaration 

Businesses are required to have the legal documents relating to the Entity.
For example:

  • Trade License
  • Certificate of Incorporation (if you have)
  • Articles of Association
  • Partnership Agreement
  • Document of Ownership
  • Emirates ID etc
  • Customs Registration Document or Customs Number
  • Power of Attorney if applicable

How can we support you?
BDS Chartered Accountants are the TAX Experts providing VAT Consultancy, VAT Advisory and VAT Implementation Services in the UAE. We do support and guide the business community to register for Excise Tax in the UAE as well as advisory service on the compliance of UAE Excise Law. For more information on Excise Tax Registration in the UAE and related services, kindly contact our below representative.