VAT Consultancy Services
Value Added Tax (VAT) is a type of indirect tax levied on the consumption of goods and services.
Businesses operating in the UAE are required to register under the VAT law to gain government approval, access a broader market, enhance their business profile, and more.
If you’re a business owner seeking VAT consultancy services in the UAE, Nines Consultancy can assist you in obtaining various VAT-related services, such as VAT registration, VAT deregistration, VAT accounting, and VAT return filing.
Our VAT Services Include:
- VAR Registration & Deregistration : Helping businesses in the UAE register with the tax authorities to become VAT-registered entities involves providing necessary information and documentation to obtain a VAT registration number. This enables businesses to charge, collect, and remit VAT on their taxable supplies in accordance with tax regulations. Additionally, when a business no longer meets VAT registration criteria, such as when ceasing operations or falling below the mandatory threshold for taxable supplies, proper VAT deregistration ensures compliance with tax regulations by relieving the business of obligations to charge or collect VAT in a timely manner.
- Compliance with VAT Accounting Records : VAT Accounting Records Compliance involves keeping precise and well-organized records of VAT transactions and documentation, adhering to tax regulations. This practice promotes transparency and streamlines reporting, ensuring adherence to VAT requirements.
- VAT Compliance : This encompasses correct registration, punctual submission of VAT returns, precise calculation and settlement of VAT obligations, and upkeep of essential records to guarantee adherence to VAT laws and regulations.
- VAT Transaction Advisory: Nines Consultancy’s Transaction Advisory Experts in Accounting assist businesses in making informed decisions, recognizing potential risks, and navigating the intricacies of VAT regulations to attain optimal VAT treatment and minimize potential liabilities.
- VAT Implementation : Introducing and integrating Value Added Tax (VAT) into a business’s operations and financial systems. The goal is to seamlessly incorporate VAT into business activities, ensuring efficient administration and accurate reporting of VAT-related tasks.