Expert VAT Consultancy Services For Seamless Compliance

Qamar Al Ahmar > Expert VAT Consultancy Services For Seamless Compliance

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Strategic VAT Consultation by Qamar al Ahmar for All Your VAT Management Needs

Since the implementation of VAT, businesses have had to deal with complex compliance issues related to registration, declaration, inventory controls, and exemptions. Managing everyday operations while maintaining various tax workflows leaves businesses vulnerable to penalties and fines. 

To manage everything effectively, Qamar al ahmar provides end-to-end VAT consultation fully customized to your company’s specific needs.  We ensure that you meet compliance requirements confidently. Our expert VAT consultants simplify the intricate process and act as your legal representative while dealing with tax authorities. 

What is VAT?

The Federal Tax Authority (FTA) introduced VAT in 2018 with the aim to fund public services. It is an indirect 5% tax levied on the provision of goods and services by businesses with an annual taxable income of more than AED 375,000. All businesses that fall into this category must register for VAT and follow all the regulations carefully as per the UAE VAT laws.

Why Businesses Need VAT Consultants

As VAT compliance involves many complicated legislations, companies must rely on VAT advisory and consultancy services to avoid any fines or penalties due to non-compliance.

Stay Updated

Laws and regulations evolve with time, and businesses have to adhere to the latest versions. VAT consultants ensure that you are in compliance with the latest provisions. 

Reducing Burden

Our consultants ensure VAT compliance while you can focus on your business’s core operations. We also provide full cooperation during audits to mitigate sanctions.

Accuracy & Security

Our expert VAT consultants offer guidance in calculating VAT rates and evaluating transactions. We also identify risks through audits, health checks, and compliance reviews to avoid making expensive mistakes, such as a penalty due to non-compliance.

Expert Guidance

Our VAT experts have years of experience in managing registrations and deregistration’s and resolving VAT disputes. We assist you through each and every step with complete transparency.

How VAT Consultation by Qamar al ahmar Helps

Managing VAT while running your business can be tricky. Mistakes can cost you money on both sides. Hence, it is recommended to engage a reputed VAT consultancy service provider. Qamar al ahmar offers reliable end-to-end VAT consulting in Dubai. Our team of VAT consultants has expertise and years of experience with VAT management and maintaining compliance. Our tailored guidance ensures you remain compliant and avoid any penalties with ease.
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Why External Audits are Performed in Dubai?

Our external audits ensure you comply with UAE’s laws and regulations and that the financial claims made by your organization are true. Here are some more reasons Why External Audits are performed in Dubai –

Here are some more reasons why internal audits are performed in Dubai -

Optimal Usage of Resources

Internal audits help you identify resources that are underutilized or not fully leveraged. Management can maximize the usage of such resources. As a result, they gain better control over expenditures and costs.

Validate Accounting Information

Qamar al Ahmar team of external auditors are skilled and qualified professionals who evaluate and improve the client’s business processes to decrease the problems caused by improper financial data. Since they are not associated with the company, they can provide completely unbiased suggestions and add neutrality to the audit report.

Check for Errors

A small error or discrepancy in your financial statements can create a huge issue if it goes unnoticed. External auditors help businesses find errors in their financial statements before they are presented to investors or stakeholders. As soon as auditors find any misinformation, they provide guidance to correct those errors.

Ensure Transparency

As external auditors are not part of the in-house team, they are more reliable. An external audit report enables transparency and ensures stakeholders that the financial statements are accurate. It improves the trustworthiness and credibility of the organization.

Fraud and Malpractice Prevention

External audit services help you find any discrepancies in the financial statements. By tracking the discrepancies, you may find fraud or financial malpractices in your company. External auditors help you find such fraudulent activities quickly and maintain transparency in your financial records.

Ensure Compliance

External audits are mandatory for the annual renewal of your trade license in the UAE. As the UAE government introduced VAT and CIT, regular external audits ensure compliance and eliminate any legal issues.

Why VAT Registration in Dubai is Important?

Why Vat Registration In Dubai Is Of Prime Importance To Any Business Setup In Dubai, UAE:

Expert Bookkeeping Services We Offer

As a top accounting and auditing firms in Dubai, UAE Qamar al Ahmar Auditing provides a number of services to help you smoothly run your business. We proudly stand among some of the top-tier agencies in the UAE that offer bookkeeping services.

Our expert bookkeepers cover a wide range of day-to-day bookkeeping services to manage all your financial needs.

Why Choose Qamar al Ahmar for External Audit Services in Dubai

Qamar al Ahmar offers comprehensive external audit services in Dubai, UAE to improve your business operations. We follow all external audit guidelines and provide accurate audit reports that reduce any risk caused by wrong data.

By selecting us, you select –

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Expertise

Our external auditors are all certified professionals with years of experience who do their work responsibly and ethically.

Ease

Get in touch with the Qamar al Ahmar team of external auditors in Dubai for ease execution of accurate assessment of the competence of your internal control environment.

Clarity

We would provide you clear insights through our external audits.

Frequently Asked Questions

VAT = Value Added Tax levied on the consumption or use of goods and services at each point of sale. It is in existence in more than 180 countries around the world. The end-consumer ultimately bears the cost.
All local and international businesses in the UAE must register for VAT if their total taxable turnover exceeds the threshold of AED 375,000. Registration must be completed within 30 days of crossing the threshold, or else the business might face fines or penalties. Businesses not meeting the required registration threshold of AED 375,000 can still voluntarily register for VAT if their turnover threshold reaches AED 1,85,000.
In-order to obtain VAT Certificate from the Federal Tax Authority the applicant must consider various aspects such as, whether to register asVoluntary ApplicantMandatory RegistrantTax GroupStandalone
VAT Certificate is a Statutory Document issued by the Federal tax Authority confirming the registration of the applicant mentioning the Tax Registration Number (TRN) & the period for which the Tax Returns need to be filed.
In terms of Standard Rated Supplies, the Percentage of VAT is 5%. However, there are Exempt & Zero-Rated Supplies as well.
Once the Tax Period & the frequency of VAT Return filing in UAE i.e. whether Monthly or Quarterly is defined in the Tax Certificate then accordingly the company has to file its tax returns on the 28th of the month following the end of the tax period.
Penalty in-case of failure of the registrant to submit a tax return within the timeframe specified by the tax law. AED 1,000 for the first time and  AED 2,000 in case of repetition within 24 months.