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VAT (Value-Added Tax) is a consumption tax applied to the value of goods and services. It's a tax levied on purchases made by individuals and businesses.
At Strategy Plus Group, we are dedicated to providing you with exceptional VAT consulting services at competitive prices. Our team of experienced VAT consultants has been supporting businesses in adhering to the UAE's VAT laws since its implementation in Dubai.
The Federal Tax Authority (FTA) is responsible for the collection and administration of VAT in the UAE. They provide comprehensive legislation, including guidelines and explanations, to assist businesses in understanding and complying with VAT regulations.
VAT can be complex, requiring businesses to comply with UAE regulations. Professional VAT consultants in Dubai provide expert guidance to ensure adherence to tax laws, minimizing errors and penalties.
Yes, VAT may apply to consultancy services at a rate of either 5% or 0%, depending on the nature of the service provided. The VAT rate can only be determined by examining the specific circumstances of the service.
VAT, as a general consumption tax, applies to most goods and services unless specifically exempted by UAE law.
No, imports from outside the UAE are typically exempt from value-added tax.
No, only certain free zones, known as "designated zones," are specified by the UAE Cabinet for VAT purposes.
Yes, a 5% VAT applies to services provided in designated zones, especially when services are supplied to the UAE mainland.
Yes, designated zones are considered outside the UAE for VAT purposes, allowing for preferential tax treatment on certain activities conducted within these areas.
Not always. Some goods exempt from customs duties may still be subject to VAT.
Taxable persons must keep VAT invoices for a minimum of 5 years, as required by UAE law.
As a leading outsourced bookkeeping and accounting firm in the UAE, strategyplus specialize in providing VAT consultancy services tailored to your business needs. Our VAT consultants are well-versed with the latest UAE VAT laws, ensuring you remain compliant while maximizing your tax benefits.
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