Tax Report Preparation Services in Dubai
It is obligatory for every business operating in the Emirates to prepare their annual tax report and submit their tax returns for Value Added Tax (VAT). This process allows the UAE government to identify the amount of VAT collected and paid by the entity to the tax authority during the course of a specified time period.
In addition, submitting tax returns is mandatory for all businesses in the UAE that are registered for VAT, irrespective of the profit bracket the business falls under or other factors such as the type of sales, purchases, tax, VAT registration, etc.
The Best Tax and Financial Services in Dubai
Here at Forever Rich UAE, we are experts in accounting, bookkeeping, financial, and tax services. We can help you quickly and effectively prepare the annual tax reports, as well as aid in submitting tax returns for your maximum benefit!
The process for submitting the VAT returns involves filing the taxes electronically through the FTA portal (eservices.tax.gov.ae). Before filing the VAT return form on the portal, you must ensure that you have met all tax returns requirements.
We always recommend seeking assistance from an expert tax agent in Dubai. At Forever Rich UAE, our taxation specialists ensure that you meet the requirements for filing taxes, as well as take care of the tax return submission process correctly and efficiently, in order to guarantee highest returns.
All businesses that are obligated to register for VAT and submit their tax returns must file VAT returns no later than the 28th date of the month following the tax period specified by the Federal Tax Authority (FTA). In addition, the taxable entity is obligated to pay the due tax amount to the tax authority within the specified time period as per the VAT law applicable in the UAE, typically within 28 days of the tax period ending.
Tax planning is the analysis of a financial situation or plan from a tax perspective. It is wise for every business to plan for their annual tax payment. Doing so will prevent any costly errors in the taxation process. The best FTA Certified Tax Agents in the UAE can dexterously prepare the necessary taxation forecasts, statements, and reports for your business.
The VAT Return refers to the document which must be submitted to the Federal Tax Authority (FTA) on an annual basis by every obligated business. Filing tax returns details how much tax your business has paid out throughout the fiscal year, through every avenue, and details of any output tax due and input tax recoverable. Submission of the tax return is a legal obligation to all businesses that are registered for VAT. An expert tax consulting agency in Dubai will help you through the tax return process for an error-free experience that guarantees the greatest possible tax payback to your business.
(Tax Agency Number: 30004980) in accordance with the Federal Law No. (7) of 2017 on Tax Procedures in the UAE which describes the appointment of a Tax Agent, & a Tax Agent’s registration procedure & conditions that must be fulfilled for registering a Tax Agent in the Register.
Contact us today for help on all of your VAT registration and de-registration needs!
Discover how easy it is to get started with us at Forever Rich UAE, and how quickly you can improve your financial position!
We have a wealth of experience across a variety of sectors. We understand the inner workings of your industry and can help overcome what’s holding you back.