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VAT Registration in UAE

For VAT registration in the UAE you should complete an online VAT Registration form which is available through Federal Tax Authority online portal. Once the registration is complete, a Tax Registration Number (TRN) will be provided to the applicant.Supporting documents required for VAT Registration in the UAE:a. Trade licenseb. Certificate of incorporationc. Emirates IDd. Articles of Associatione....


Records to be maintained under UAE Excise Tax

There are 9 records to be strictly maintained by a taxable person for Tax Audit.1. Records of all produced, imported or stockpiled Excise Goods and exported Excise Goods.2. Evidence of exported Excise Goods.3. Records of stock levels.4. Detailed records of lost or destroyed Excise Goods.5. Tax Record for Due Tax on imported Excise Goods and produced Excise Goods.6. Tax Record for Due Tax on Excise...


VAT in UAE: Operational Audit

Operational audit of an organizational activity is a future-oriented, systematic, and independent evaluation. It is completely a business assessment approach to improve the efficiency of an organization's operation and profitability. It mainly evaluates the effectiveness, efficiency and economy of operations of an organization and provides all required recommendations to improve.Objectives and Sig...


VAT in UAE: VAT Return Filing Process

VAT Return filing process includes, details of the Taxable Person will be pre-populated. Then details like VAT/Tax Period reference number, Tax year end, current VAT Return Period and VAT Return submission due date will also be generated automatically.While doing VAT Return Filing, you should taken care of the following;1. All amount should be in United Arab Emirates Dirhams (AED) and rounded off...


How to control legal costs for SMEs?

Most of the SME firms face the issue how to control legal costs for SMEs. Its really challenging how to reduce these kind of non-value added expenses. It is very essential to have a basic knowledge of the legal aspects of the region wherever we are living or doing business. In business or organizations point of view controlling legal costs are related to its profitability since the companies are p...


VAT in UAE – Business Under VAT

Important key measures to be ensured by the business or company management when doing business under VAT in UAE;1. Proper documentation and maintenance of recordsIt is important for the business or company management to ensure proper document with minimum contents required for each such document, as specified by FTA. For VAT compliance all the relevant documents and records required for raising th...


VAT in UAE: How to prepare VAT Invoices?

VAT is implemented in the UAE with from 1st January 2018. VAT Registered business owners need to know about how VAT Invoices should be maintained for every businesses in UAE as per the latest information by the FTA.FTA has two kinds of inovices for VAT in the UAE. Supply for less than the specified amount and supply for more than the specified amount. First one will be considered to maintain a sim...


VAT in UAE : Steps to Implement VAT in Your Business

VAT in the UAE is a one of general consumption tax which is collected incrementally based on the value added at each stage of production or sales. It is an indirect tax also known as the consumer tax. VAT in UAE is charged at each stage of the supply chain where the end users have to pay the tax.
Steps to Implement VAT in Your Business:1. VAT Registration* Perform registration and verify it.* Regi...


Need a consultant for Online VAT registration in UAE?

What does a business consultant do? A business consultant is an outside expert team you prefer to solve your internal business problem. SME business consultancy have experienced team of experts to solve your internal business problem in a great extend. Our consulting team has great source of specialised knowledge. SME business consultancy team posses knowledge, skills, experience, and process to i...


UAE VAT Considerations

1. Location deemed for supply
- For goods where supply takes place- For services: where supplier has place of residence or if used in UAE, then deemed location of supply to be UAE- Electronic supply: place where service is used / enjoyed2. Types of supplies- Domestic: Standard or Zero rated- Exports: Zero rated (except exports to Implementing States which may be taxable)- Imports: Reverse charge me...


VAT IN UAE

VAT is a tax on the use of goods and services charge at each point of sale. Its like an indirect tax used in more than 150 counties all around the world. VAT was introduced in UAE on 1 January 2018 with the rate of 5 per cent. As for all countries VAT in UAE is considered as a new source of income to be utilised to provide quality public services of all people across the country. The government e...


Profitable SME management consulting

As with any business, if the firm can prove their value, they can be profitable. Remember, the Small & Medium Enterprises won’t have the luxury of budgets as a large enterprise. So, they’ll do enough groundwork before they hire a management consultant to come and plug holes in their process, systems etc. The Management Consultants needs to play a role of an advisor, more like a mentor to these bus...


​Benefits of having a Business Consultant

A business consultant can make or break your business so before hiring one, business consultants are specific industry experts. Some might be good for small business and start-ups usually drawing up initial business plans which might not be useful for you. But sme business consultancy services helps you to target your potential customers and gets the business to a success level. A consultant can p...


Internal Audit Process - The SME business

Internal audit is the independent management function in SME business management consultancy
1. Decide the scope of internal audit 2. Develop an audit plan a) Production department: Analyze the production compare with the standard production quantity and check the efficiency i.e the the time taken for the given quantity of productionb) Quality control department: Cost of poor quality which involve...


SME Business Management Consultancy offers

1. Tax ServiceSME Business Management Consultancy offer a tax preparation process for tax returns, income tax returns, often for a person rather than the taxpayer. Provide well advaced tax preparation software and online tax services with an affordable cost.2. Audit ServiceSME business management professionals can audit books, accounts, documents, vouchers and statutory records of any organisation...


Why SME Business Management Consultancy?

SME Business Management Consultancy is a Certified Management Consultancy in Dubai-UAE provides you best practice of delivering quality services. This management field has qualified professionals in finance management also they are well experts in accounting, auditing and tax services.


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