VAT in UAE

VAT Consultancy Services In UAE

In a move to provide the country with a new source of income, the UAE government introduced VAT, from January 1st, 2018.  Until recently the country was highly dependent on oil and other hydrocarbons, and with the implementation of VAT, this is expected to change.

VAT will be charged at a standard rate of 5 percent. If the taxable supplies and imports of a business exceed AED 375,000 per annum, then they must register for VAT. Optional threshold limit is AED 187,500 per year.

VAT registered businesses must charge VAT on taxable goods or services they supply and can reclaim VAT they have paid on business-related goods or services. Certain goods and services are zero rated and there are many others that are exempted from VAT.

Zero rated goods and services

International transport of passengers and goods

Certain means of transport

New residential buildings

Charity related buildings

Educational and healthcare services, in most cases

Exported goods and services

Certain Investment precious metals

Areas exempted from VAT

Certain financial services

Sale and lease of residential properties and bare land

Local passenger transport

Our professionally trained VAT consultants at AON can help clients run their business smoothly through the new tax laws. We provide assistance and training on various aspects of VAT and will also help you in/with:

Assessing the impact of VAT on your business

Bookkeeping process and VAT requirements

Financial challenges

Preparing VAT return

Re-configuring IT according to the laws and regulations of VAT

Our consultancy team at AON provides VAT support and update you with up-to-date progress concerning VAT. We have been providing VAT consulting services to diverse clients, ever since UAE introduced VAT.

how can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.

“AON helped us in handling all documentation and legal formalities while starting our business in UAE. They stood with us in every stage of the incorporation process.”

Nice Testimonials
Mr. Deep Surendrakumar Saraf
, Nice Software Solution, Dubai

AON team is always approachable for professional accounting services and provides all support for accounting management.

Sanjay Raina
, Ascent Group Middle East

Setting up a company in UAE turned out to be a smooth and hassle-free process with the help of AON. They helped us immensely from the initial phase to the final one.

Mr. Ghirmay
, Soleil Power, Dubai