Experts in UAE VAT Compliance Service

Value Added Tax (VAT) is levied at each stage of the supply chain. In the UAE, the standard rate is 5%. At One Connect Business, we offer tailored VAT registration and compliance services to meet UAE businesses’ needs.

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Working of VAT in the UAE

VAT was introduced in the UAE in 2018 to generate revenue for enhancing public services.

VAT Rate: The standard rate is 5% on taxable goods and services.

Zero-Rated and Exempt Supplies: Certain items like local transport, financial services, medical care, and GCC exports are either zero-rated or exempt from VAT.

Registration Requirement: Businesses exceeding the annual sales threshold must register for VAT in the UAE.

  • VAT generates funds to improve public services and infrastructure
  • Provides clear guidelines on VAT rates and exemptions, simplifying compliance
  • Encourages businesses to adhere to international tax practices and standards

Our Comprehensive VAT Services

We provide expert guidance on VAT compliance, audits, and tax optimization, ensuring your business stays compliant.

VAT Registration

VAT Registration

We manage the entire registration process, including account setup and form completion

Record Management

Record Management

We handle the preparation and submission of VAT returns, reducing the risk of penalties

VAT Filing

VAT Filing

We handle the preparation and submission of VAT returns, reducing the risk of penalties.

Frequently Asked Questions About VAT Services

Is VAT applicable to my customers based outside of the UAE?

In short, no. Depending on your business activity, we can help you incorporate your company and banking without you having to class the UAE as your mNo, VAT is not charged to customers outside of the UAE. Similar to other countries with a VAT system, VAT is only applied to customers within the country. International invoices are exempt from VAT.ain place of residence.

Are there any goods exempt from VAT?

Yes, there are certain categories of goods and services that are exempt from VAT, such as specific financial services, land transactions, leasing and selling residential property, and transportation services.

Who needs to register for VAT in the UAE?

Businesses with annual taxable supplies and imports exceeding AED 375,000 must register for VAT. Those with taxable supplies and imports between AED 187,500 and AED 375,000 have the option to register voluntarily.

What happens if I fail to file VAT returns on time?

Late filing or non-compliance with VAT regulations can lead to substantial penalties, potentially up to AED 20,000. One Connect Business ensures timely filing and compliance to help you avoid these penalties.

Can One Connect Business help with VAT record-keeping?

Yes, we offer comprehensive record-keeping solutions to help you efficiently track sales, expenses, and VAT transactions, ensuring compliance with VAT regulations.

How can I get started with One Connect Business's VAT services?

To get started, contact us to schedule a consultation. Our team of VAT specialists will assess your needs and guide you through the process to ensure full VAT compliance for your business.

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