VAT in UAE

VAT Penalties in UAE

Penalties and fines are unwanted burden for your business. We here at Aviaan Accounting help you avoid this extra burden by helping you and your business to be 100% complied with the UAE VAT Law. Let us first have a look on the different types of offences and penalties: S.No. Description of Offence Quantum 1

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Steps to submit VAT return in UAE

After almost 2 year of VAT implementation in Dubai, it’s estimated that 95% of the total registrants have completed their 1 st tax year. It’s high time for them to get themselves prepared for VAT Audit. VAT audit is a detailed examination of records and books of accounts of your business. It is an examination

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VAT was introduced in the UAE on 1st of January, 2018 to diverse its source of income for the benefits of public. VAT was applicable at a standard rate of 5%. Registering under VAT means getting recognized by the government of the UAE as an authorized supplier of goods and services. As per FTA, only

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UAE VAT Return

With the introduction of VAT Law in Dubai, business houses face problems and make small mistakes. These mistakes can cost the entity higher of AED 50,000 or 50% of Tax amount. As VAT is new to the region, it is imperative for business owners to be aware and comply with the new regulations in order

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Treatment of VAT

FTA has issued a clarification on treatment of re-imbursement and disbursement of expenses. In addition to that, FTA also issued clarification with respect to what constitutes disbursement and re-imbursement. To identify a payment as a disbursement, following points will clarify: The key consideration is whether or not the expense belongs to the supplier’s customer. The

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Address

Binary Tower, Marasi Drive,
Business Bay,
Dubai, UAE
Phone KSA: +966 58 264 5319
UAE: +971 567952590
Mail:info@aviaanaccounting.com

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