Vat
VAT REGISTRATION
Which Documents are Required to Register For VAT?
- Valid Trade License / Business License.
- Passport/Emirates ID of the authorized signatory.
- Proof of authorization for the authorized signatory.
- Monthly turnover declaration for the specified periods that is signed and stamped by the authorized signatory on the entity’s printed letterhead, and supporting financial documents such as: invoices, purchase orders, title deeds, and lease agreements.
- A copy of the legislation that establishes the entity in case the registration request was in relation to a federal/local government entity
Tax Compliance Review:
TOP VISION ACCOUNTING & TAXES provides a host of Compliance Review and Outsourcing Services to assist companies in the ever-evolving regulatory landscape. Our tax Compliance team reviews the client’s compliance framework and all the VAT reports and our experts support clients to remediate after identification of the loopholes in the compliance system. Our experienced team will further ensure that the entity does not create any VAT issue for the customer and other businesses which can adversely affect the business reputation and commercial relationships.
VAT Health Check:
The tax professionals at TOPVISION ACCOUNTING& TAXES are experienced in providing VAT Health Checks that bring together our knowledge and experience in taxation and related internal controls. These Health Checks enable clients to undertake any necessary corrective action before an audit takes place. With the Health Checks, clients will also be better prepared to handle a tax audit as they would have collected the necessary documentation that was put together during the Health Check and can continue to ensure such documentation is readily available.
VAT REFUND:
TOPVISION ACCOUNTING & TAXES is a Registered Tax Agency with the Federal Tax Authority, comprised of professionals dedicated to client satisfaction and high-quality services. We have an extensive network of Tax Agents & VAT professionals with in-depth understanding and experience in VAT refund procedures. Our experts can assist your business to develop or improve related business processes to reduce the time and administrative costs associated with making claims and increase your chances of success.
FTA Audit Assistance:
Tax audit review reveals the disparities in your organizational tax policies and appropriate procedures as per UAE tax laws. The tax audit review is more of a necessity than an option since it will reinforce your organisation’s capability to face a VAT audit. To avoid falling under the category of VAT non-compliance, it is always better to conduct a tax audit review or a VAT health check in your organisation.
In TOPVISION ACCOUNTING& TAXES , our tax agents are experienced in handling tax audits in various other jurisdictions in the world and can assist companies during a tax audit by the FTA in the UAE.
Voluntary Disclosure:
The FTA encourages the submission of Voluntary Disclosure by taxpayers who may have violated the provision or who believe that a mistake was made. Proactive approach for failures or mistakes is necessary for avoiding a penalty. A Voluntary Disclosure should be made by a taxable person to notify the FTA of an error or omission in their Tax return, tax assessment or tax refund application. As per Article 8 of Cabinet Decision No. 36 of 2017 on the Executive Regulation of Federal Law No. (7) of 2017 on Tax Procedures, there are situations defined in the guide under which a taxable person can file Voluntary Disclosure. There has several instances of rejection of applications due to improper application filed by taxpayers. TOPVISION ACCOUNTING& TAXES has assisted numerous clients in filing Voluntary Disclosure form. Our team of TAX experts guide you throughout the process and also after the application is submitted.