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Value Added Tax (VAT)

Is a consumption tax levied at each stage of the production or distribution of goods and services. Dubai, as well as the United Arab Emirates (UAE), implemented it on January 1, 2018. VAT has become a key revenue source for infrastructure development and public services.
Understanding VAT and its implications is crucial for compliance, and expert VAT services in Dubai can simplify the process.

VAT Penalties

To maintain compliance, the Federal Tax Authority (FTA) imposes penalties for late VAT registrations, deregistration, and incorrect return filings. Key penalties include:
*Hover on click on each bar to get more information about VAT Penalties

VAT Penalties

VAT PENALTIES

To maintain compliance, the Federal Tax Authority (FTA) imposes penalties for late VAT registrations, deregistration, and incorrect return filings. Key penalties include:
0
AED
Late VAT Registeration
10,000 AED Fine
0
AED
Late VAT Deregisteration
1,000 AED Fine, Maximum 2,000 AED
0
AED
Late VAT Return Filing
AED 1,000 for the first time, AED 2,000 for subsequent delays within 24 months
0
%
Late VAT Payment
2% of unpaid tax, followed by 4% after one month, continuing until payment is made.
0
AED
Incorrect Tax Submission Return
AED 1,000 1st time, AED 2,000 repeated errors

VAT Services' Significance

VAT Services’ Significance

Maintaining accurate financial records is essential for VAT compliance. A trustworthy VAT consultant can improve operational efficiency, compliance, and performance.

Ensures timely and accurate registration to avoid legal complications and fines.

Helps submit VAT returns within 28 days of the tax period, with expert guidance to avoid errors.

Assists businesses in recovering VAT paid on eligible expenses, enhancing cash flow and financial performance.

Ensures compliance with excise tax laws, guiding businesses through the registration process.

Facilitates the process of ending VAT responsibilities, ensuring compliance with legal standards.

Manages VAT responsibilities, ensuring accurate computations, compliance, and timely filing of VAT returns.

Conducts thorough analysis of financial data to ensure compliance with VAT regulations.

Assists in obtaining certificates to comply with international trade and tax laws, avoiding double taxation.

How VAT Services with CASSA will Help Your Business

Ensures adherence to UAE tax laws, avoiding penalties and enhancing your company’s reputation.

Helps navigate the VAT registration process, ensuring timely and accurate submissions to the FTA.

Streamlines the VAT return filing process, ensuring accurate and timely returns.

Helps calculate and manage VAT payments efficiently, improving cash flow and reducing overpayments.

Provides assistance during VAT audits, minimizing disruptions and financial consequences.

Reduces operational costs by outsourcing VAT-related tasks to experts, allowing businesses to focus on core activities.

Contact us

Cassa
Your Comprehensive VAT Solutions Partner in Dubai

VAT compliance in the UAE requires meticulous record-keeping and timely submissions. Engaging a professional VAT consultant like Cassa can simplify the process and avoid penalties. Cassa offers comprehensive VAT services, ensuring businesses maintain compliance while optimizing their tax outcomes. With expert guidance, businesses can focus on their core activities and thrive in Dubai’s competitive market.

* We offer these services through our licensed agents and strategic partners, ensuring the highest level of professionalism and reliability.