VAT(Value Added Tax )
Your Trusted Ally for Ensuring UAE VAT Compliance
Value Added Tax (VAT) is levied on every stage of a product’s value addition across the supply chain. In the UAE, the standard VAT rate is 5% for goods and services supplied. At Strive Consultants, we focus on delivering thorough VAT registration and compliance solutions customized to suit the specific requirements of UAE businesses.
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Grasping VAT Guidelines in the UAE
The UAE introduced VAT in 2018 to bolster its revenue streams and enhance public service provision.VAT Rate: A standard VAT rate of 5% applies to taxable goods and services in the UAE. Zero-Rated and Exempt Supplies: Some supplies like local passenger transport, financial services, medical care, and exports outside the Gulf Cooperation Council are either zero-rated or exempt from VAT. VAT Registration Threshold: Businesses surpassing the designated annual sales threshold are obligated to register for VAT in the UAE.
Comprehensive VAT Services
VAT Registration
Assisting businesses in registering for VAT with relevant tax authorities in compliance with local regulations.
VAT Compliance
Ensuring accurate and timely preparation, filing, and submission of VAT returns to meet regulatory requirements.
VAT Advisory
Providing expert advice and guidance on VAT matters, including VAT implications for business transactions and operations.
VAT Planning and Optimization
Developing strategies to optimize VAT
efficiency, minimize liabilities, and maximize savings for businesses.
VAT Training and Workshops
Conducting training sessions and workshops to educate businesses on VAT regulations, compliance and best practices.
VAT Audit Support
Offering assistance and representation during VAT audits to ensure compliance with tax authorities and address any issues that may arise.