In January 2018 VAT has been introduced in the UAE, which has implications on your business entity and also impacts your accounting decisions, your tax liability and how you pay out profits.

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Every taxable person in the UAE whose annual supply exceed or is expected to exceed the Mandatory Threshold of AED 375,000 should register for VAT with Federal Tax Authority, or a taxable person can voluntary register for VAT if it exceeds the voluntary threshold of AED 187,500. Thus, a voluntarily registered company has the obligation to claim input tax credit making them liable to VAT return filing in Dubai.

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We have a pool of trustworthy accountancy firms and VAT related services providers who can guide you with all VAT and accounting related matters. At NHBC we will ensure your business processes are controlled from a VAT perspective by liaising you with our trustworthy partners.

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You may think of:

• Annual Audits
• VAT accounting services
• VAT registration services
• Aid with VAT return filing services
• Invoicing system under the VAT
• Analysis of financial History
• Data handling management as per the UAE Federal Tax Authority (FTA)
• Bookkeeping
• Complying with Economic Substance Regulations