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VAT ENQUIRY AND HELP CENTER

VAT ENQUIRY AND HELP CENTER

VAT ENQUIRY AND HELP CENTERVAT Enquiry and help center:-  VAT in UAE is one of the most discussed and hot topic these days. As the days are passing by and the date of commencement of VAT in the UAE is approaching, there are a lot of VAT queries and questions that are revolving in the minds of not only the businesses but even the consumers.

The businesses are becoming informed and gaining knowledge about the VAT in UAE and different implications of Value Added Tax but it is always better to be informed and updated by the new provisions and legislations in the VAT as and when issued by the Federal Tax Authority.

ARC Associates – Auditors and Consultants in Dubai, have an expert team who will not only make you informed about VAT in Dubai, but will also guide you to take specific precautions and measures in order to save yourselves from the penalties due to non compliance. ARC Associates will provide step by step VAT guidance and act as a VAT help center to your business house.

Whether it be a VAT related issue or the simplest question or query on VAT, we at ARC Associates are always there to help and provide the clients with the best knowledge and guidance on VAT in Dubai.

It is said that it is better to be informed and take a decision, rather than taking a decision in haste and facing the adverse effects of a wrong decision. So, get informed on VAT in UAE and know about all the procedures and requirements for VAT registration, what to do and what not to do so that VAT in UAE turns out to be in your favor. For best assistance and help on VAT related services, please contact ARC Associates, one of the best consultants in the UAE.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                             

VAT Registration in UAE

VAT Registration

VAT Registration, UAE:VAT registration As the date for the implementation of Value Added Tax (VAT) in UAE is approaching, the hustle bustle to be prepared for VAT has increased over time. It is a necessary requirement for all the businesses to be registered for VAT in UAE. The Federal Tax Authority eligibility criterion for the registration of VAT is as follows.

Read more: VAT service providers in UAE | How VAT impact in UAE

How to register for VAT in the UAE

Compulsory registration is for the businesses that have an annual turnover of AED 375,000 and they can register themselves from the last quarter of this year (from 1st October to 31st December 2017).
Voluntary registration is for the businesses that have an annual turnover of AED 187,000 and they can get themselves registered from the second last quarter of this year (from 1st July).
Rules’ regarding the Group registration has also been announced by the Ministry of Finance. Businesses that deal in the same kind of activity can register themselves together as an enterprise and have a common VAT number.
As the date for the compulsory registration is just a month away, it is becoming a concern for all the businesses to get themselves registered under VAT as soon as possible in order to avoid any complications in the near future.
The taxable person will be allowed to get himself registered online using the eservices. ARC Associates provide VAT Registration Services in Dubai and allow you to get registered for VAT without any hassle.
ARC Associates provide all services related to VAT whether it is the VAT registration in the UAE, VAT Consultancy services in the UAE or other services like the VAT returns/filings, etc.

For hassle free and assured services as a VAT Agent in UAE, please contact ARC Associates – Auditors and Consultants in UAE.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                                                

VAT ACCOUNTANTS IN DUBAI

VAT Accountants in Dubai

VAT Accountants in Dubai: Bookkeeping is one of the main essentials to have a perfect and well maintained book of accounts. It not only helps in determining the financial position of the business but also helps in identifying the transactions that are responsible for the financial position of the business.

So, it becomes really important that the books of accounts are prepared systematically and free of errors. We, at ARC Associates provide the best bookkeeping and accounting services in Dubai, Abu Dhabi, Sharjah and other emirates of the UAE.

With the implementation of VAT in UAE, proper books of accounts will be one of the major requirements for any business to survive this new legislation. Recording of all the invoices, expenditures etc will be imperative so that the Tax filings and returns can be made timely and without any errors. Moreover, the accounts records have to be kept for a period of 5 years and have to be presented for the tax audit as and when demanded by the Authority.

ARC Associates has a professional team of chartered accountants, bookkeepers who have expertise in many of the accounting software and can handle the VAT Accounting in a systematic and regular manner.

Outsourcing the VAT Accounting in the UAE to ARC Associates will help you to focus more on your business objectives without delay and errors in the accounts of your business, as we provide the best accounting services in the UAE.

 In order to follow all the rules and regulations laid by the Federal Tax Authority of the UAE, and timely filing of returns and well maintained books of accounts, approach ARC Associates for all VAT Services in UAE at one place.

VAT CONSULTANT IN DUBAI

VAT CONSULTANT IN DUBAI

VAT consultant in DubaiVAT Consultant in Dubai: ARC Associates – Auditors and Consultants in Dubai provide best consultancy services to the clients in Dubai. We at ARC Associates have a great team that caters to the clients as their consultants.

With the introduction of the taxation in the UAE, and the implementation of VAT in Dubai, we will guide your way and ease out your difficulties that might arise when VAT is implemented. Being a VAT Consultant in Dubai, we at ARC Associates would assist you in each and every step to be well versed with the regulations and procedures required to comply with all the VAT requirements.

VAT and taxation laws being new to the country of UAE requires all the business houses and firms to prepare themselves for VAT. ARC Associates will provide VAT Consultancy Services in Dubai and carry out all steps and procedures that will save your firm from facing losses as well as the penalties for non adherence and prepare your business to handle this new law with least amount of difficulty.

The introduction of VAT from 1st January, 2018, has popped several questions in the minds of the businesses, customers and all other residents in the UAE. For answer to every question of yours regarding the VAT, contact ARC Associates and get the perfect answer to your query, with the best VAT Consultant in Dubai.

We at ARC Associates not only provide assistance in complying with the rules and regulations, but our VAT Consultants also point out the financial challenges that your business could be exposed to with the implementation of VAT in UAE. Knowing about your financial challenges helps you prepare yourselves better and cut out the future losses and face those financial challenges with a proactive strategy.

For having a detailed knowledge about the VAT Legislation, the VAT procedures, the VAT registration, the returns and filings, please feel free to contact a VAT Consultant in Dubai at ARC Associates.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                             

VAT CONSULTANT IN ABU DHABI

VAT CONSULTANT IN ABU DHABI

VAT CONSULTANT IN ABU DHABIVAT Consultant in Abu Dhabi:ARC Associates – Auditors and Consultants in Dubai have opened up their branch in the city of Abu Dhabi and will provide the best consultancy services to the clients in Abu Dhabi.

With the introduction of the taxation in the UAE, and the implementation of VAT in the UAE, we will guide your way and ease out your difficulties that might arise when VAT is implemented. Being a VAT Consultant in Abu Dhabi, we at ARC Associates would assist you in each and every step to be well versed with the regulations and procedures required to comply with all the VAT requirements.

VAT and taxation laws being new to the country of UAE requires all the business houses and firms to prepare themselves for VAT. ARC Associates will provide VAT Consultancy Services in Abu Dhabi and carry out all steps and procedures that will save your firm from facing losses as well as the penalties for non adherence and prepare your business to handle this new law with least amount of difficulty.

The introduction of VAT from 1st January, 2018, has popped several questions in the minds of the businesses, customers and all other residents in the UAE. For answer to every question of yours regarding the VAT, contact ARC Associates in Abu Dhabi and get connected to the consultant for all the answers to your queries.

We at ARC Associates not only provide assistance in complying with the rules and regulations, but our VAT Consultants also point out the financial challenges that your business could be exposed to with the implementation of VAT in UAE. Knowing about your financial challenges helps you prepare yourselves better and cut out the future losses and face those financial challenges with a proactive strategy.

For having a detailed knowledge about the VAT Legislation, the VAT procedures, the VAT registration, the returns and filings, please feel free to contact a VAT Consultant at ARC Associates, Abu Dhabi.

 For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                       

VAT AGENT IN SHARJAH

VAT AGENT IN SHARJAH

1315dac0-3b70-4693-a37b-49e3b700a31dFor an individual to be a tax agent, he needs to fulfill the following conditions:

  1. Tax Agent should be of good conduct and behavior and not involved in any criminal cases.
  2. Tax Agent should hold accredited qualification from a recognized university.
  3. Tax Agent should be medically fit to carry out the duties of his profession.
  4. Tax Agent should hold professional indemnity insurance.

ARC Associates fulfills all the above mentioned conditions to be a Tax agent in Sharjah, UAE. All the documents and records of the taxable person will be kept with the tax agent and the agent will be acting on behalf of the taxable person and represent him in front of the tax authorities in the UAE.

The Federal Law No (7) of 2017 on Tax Procedure Law, in Chapter 1 defines Tax Agent. Tax Agent is a person who is registered with the Authority in the Register, who is appointed on behalf of another Person to represent him before the Authority and assist him in the fulfillment of his Tax obligations and the exercise of his associated tax rights.

It is very important that all the necessary documents, records are kept safe and properly maintained. We, at ARC Associates have a qualified team of chartered accountants, auditors and consultants who provide the best accounting and auditing services in the Dubai, Abu Dhabi and Sharjah in the UAE and cater to all the needs of the clients.

As a tax agent in Sharjah, ARC Associates will handle all the proceedings and procedures effectively on behalf of the taxable person and represent the taxable person in front of the Authorities.

For hassle free and assured services as a tax agent in Sharjah, please contact ARC Associates – Auditors and Consultants in UAE.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                          

VAT AGENT IN DUBAI

VAT AGENT IN DUBAI

VAT agent in DubaiVAT agent in Dubai: The Federal Law No (7) of 2017 on Tax Procedure Law, in Chapter 1 defines Tax Agent. So, Tax Agent is a person who is registered with the Authority in the Register, who is appointed on behalf of another Person to represent him before the Authority and assist him in the fulfillment of his Tax obligations and the exercise of his associated tax rights.

For an individual to be a tax agent, he needs to fulfill the following conditions:

  1. Tax Agent should be of good conduct and behavior and not involved in any criminal cases.
  2. Tax Agent should hold accredited qualification from a recognized university.
  3. Tax Agent should be medically fit to carry out the duties of his profession.
  4. Tax Agent should hold professional indemnity insurance.

ARC Associates fulfills all the above mentioned conditions to be a Tax agent in Dubai. A tax agent will be acting on the behalf of the taxable person and will keep all the necessary documents of the taxable person with himself so as to present to the authorities whenever required.

It is very important that all the necessary documents, records are kept safe and properly maintained. We, at ARC Associates have a qualified team of chartered accountants, auditors and consultants who provide the best accounting and auditing services in the Dubai, UAE and cater to all the needs of the clients.

As a tax agent in Dubai, ARC Associates will handle all the proceedings and procedures effectively on behalf of the taxable person and represent the taxable person in front of the Authorities.

For hassle free and assured services as a tax agent in Dubai, please contact ARC Associates Auditors and Consultants in UAE.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                    

PART TIME ACCOUNTING AND BOOKKEEPING

Part Time Accounting And Bookkeeping

Part Time Accounting And BookkeepingPart time accounting and bookkeeping: Maintaining the accounts of your business is one of the most necessary parts of the business but it is often neglected and much importance is not given to the timely and accurate management of the books of accounts. This not only becomes a cumbersome task to know the movement of the funds at the end of the year but also becomes a problem to find out the errors as well the unrecorded transactions.

The objectives of the businesses are different and much important for the businesses, in order to focus more on the objectives and their achievements; it is preferable by the businesses to outsource their accounting work to the accountants rather than hiring a full time accountant.

ARC Associates is one of the best accounting service providers in the city of Dubai, Sharjah, and Abu Dhabi. The team of best and expert accountants handles the accounting of various clients of your firm. The accounting and bookkeeping services provided by ARC Associates are tailor made as per your requirement.

We provide part time accounting facilities to the businesses where the accountant from ARC Associates visits your office and completes the pending transactions on a weekly, fortnight or monthly basis. The option of choosing the weekly accounting or the monthly accounting entirely depends on you and ARC Associates will provide you with the best part time accounting and bookkeeping services in the UAE.

Outsourcing your accounting work to ARC Associates will be really beneficial to your businesses, as we have market experience in providing the part time accounting services, an expert team of professionals who will handle the accounting of your business, and assured high level of service with fulfillment of our commitment to keep your accounts complete and accurate.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                            

TAX RESIDENCY CERTIFICATE

Tax Residency Certificate

Tax Residency CertificateTax Residency Certificate in the UAE is issued by the Ministry of Finance, UAE. Tax Residency Certificate or the Tax Domicile Certificate is issued to the individuals or the corporate entities that allow them to avoid double taxation. An individual who has a resident visa in the UAE but is also a resident in any other country, he may get himself the Tax Residency Certificate that will make him a tax resident in the UAE and thus gives him the benefit of not paying taxes in the home country.

The validity of the Tax Residency Certificate is for one year and a new certificate can be issued on the expiry of the previous one. To be a resident in the UAE, the resident needs to have a valid UAE residency visa, and needs to maintain his residency status by entering UAE once in a half year.

The United Arab Emirates has signed the Double Taxation Avoidance Treaty with 55 countries around the world so that the residents and the businesses need not pay double taxes for the income earned in one country. Under this treaty, the Ministry of Finance, UAE issues the Tax Residency Certificate to the individuals as well as the corporate.

The Tax Residency Certificate is only applicable to the UAE onshore companies. The offshore companies in the UAE cannot avail the Tax Residency Certificate but are eligible for other certificates like the Tax Exemption Certificate.

In order to get the Tax Residency Certificate, certain documents need to be submitted with the Ministry of Finance online portal along with the payment of the fees.

The following documents need to be submitted by the businesses or corporate entities for getting the Tax Residency Certificate:

  1. Trade License Copy
  2. Memorandum of Association or Articles of Association
  3. Copy of the owner/partners’ Passport
  4. Copy of the owner/partners’ ID
  5. Copy of the owner/partners’ residence visa
  6. Bank Statement for past 6 months
  7. Approved Audit report
  8. Copy of tenancy contract

The following documents need to be submitted by the individuals for obtaining the Tax Residency Certificate:

  1. Copy of the Passport
  2. Copy of the residential visa
  3. Copy of the residential lease agreement
  4. Salary Certificate
  5. Bank Statement for past 6 months
  6. A report from the General Directorate of Residency and Foreigners Affairs specifying the number of days the resident has stayed in the UAE

The fees for obtaining the Tax Residency Certificate have to be paid online via the Ministry of Finance portal by using eDirham. The fees to be paid via eDirham for Tax Residency Certificate amounts to -

AED 10,000 along with AED 3 charges for corporate entities

And

AED 2,000 along with AED 3 charges for individuals

ARC Associates – Auditors and Consultants in UAE will be happy to help you obtain your Tax Residency Certificate so that you can avoid the double taxation.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                   

EXCISE LAW IN UAE

EXCISE LAW IN UAE

Excise law in uaeExcise Law In UAE : With the recent issue of Federal Decree Law No. 7 of 2017 on Excise Tax by H.H. Shaikh Khalifa, the President of UAE, the Excise Law in UAE will be coming into force on 1st October, 2017. Excise Tax is the tax charged on the excise goods. Excise goods are the goods that are determined to be subjected to tax as per the decision of the Cabinet upon the recommendation of the Minister.

UAE has taken a very good initiative to charge excise tax on the goods that not only affect the health of the individuals but also have an impact on the environment.

The excise tax will be charged as follows on the below mentioned products:

  • 100% on cigarettes and energy drinks
  • 50% on fizzy drinks

The cost of these products will be inclusive of the tax and thus leading to an increase in the price of the products, which will be becoming a source of income for the Government and discourage the users of these products from using it more extensively.

The Federal Decree Law gives a detailed description about the scope, calculation, registration, payment, exemptions, refunds and violations & penalties regarding the Excise Tax in the UAE. The Excise Tax in UAE will require all the businesses dealing in the excise goods to maintain perfect accounting records, which should include –

  • The records of all produced, imported and stockpiled excise goods
  • The records of exported excise goods and proof of the export
  • The record of all the stock levels which will include the lost or damaged items
  • A tax record needs to be maintained for – due tax on imported excise goods, due tax on exported excise goods, due tax on the stockpiled excise goods

However excise tax need not be paid on exported excise goods. Even if it is paid in any transaction, it will be treated as a deductible tax as per Article (16) of the Federal Decree Law No. 7 of 2017 on Excise Tax.

Whether it be the Excise Tax or the Value Added Tax (VAT), both the taxes in the UAE demand all the businesses to maintain a proper book of account that will help them in not only keeping a track of the transactions but also enable them to carry out all the necessary requirements in order to have compliance with the tax laws in the UAE.

ARC Associates is one of the leading accountant and auditors in the UAE having a dedicated team of chartered accountants and bookkeepers who have their expertise in the accounting software. To keep your books of accounts updated and well maintained, please contact ARC Associates for best accounting services in the UAE.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae