Accounting Services

VAT & Corporate Tax Services

At MANDJ, we simplify the VAT and corporate tax processes for business owners in Dubai, addressing the major challenges they face. Here's how we do it:

1. **Expert Consultation:**
   - Provide comprehensive advice on VAT and corporate tax regulations specific to Dubai.
   - Ensure businesses understand their tax obligations and compliance requirements.

2. **Registration and Filing:**
   - Assist with VAT and corporate tax registration processes.
   - Prepare and file accurate tax returns on time to avoid penalties.

3. **Compliance and Reporting:**
   - Ensure full compliance with UAE tax laws.
   - Maintain precise records and generate detailed reports for audit purposes.

4. **Tax Planning and Optimization:**
   - Develop strategies to minimize tax liabilities within the legal framework.
   - Optimize business structures for better tax efficiency.

5. **Audit Support:**
   - Provide support during tax audits, including preparation of necessary documentation.
   - Represent businesses in dealings with tax authorities.

By partnering with MANDJ, business owners can navigate the complexities of VAT and corporate tax with ease, ensuring compliance and optimising their financial outcomes.

VAT or Value Added Tax is a consumption tax that is charged by different countries in the world, especially in Europe. In 2018, the Dubai government too decided to begin implementing VAT at a rate of 5%. This consumption tax becomes an indirect source of revenue for the government and is collected by companies on its behalf. It is charged after every sale in the supply chain; any company that manufactures a product must charge VAT in Dubai, UAE at each value addition stage till the final stage. Moreover, not only are companies registered under the VAT norm meant to charge 5% VAT on their products, whenever they buy goods from other companies or suppliers, they too need to pay VAT. It is the difference between the above two amounts that need to pay to the government authorities. VAT consultants in Dubai help you abide by the VAT laws in an effective manner.

The following are ways in which the new VAT can affect your business:

• You will be required to properly document your business income, costs as well as your VAT in Abu Dhabi, UAE associated charges.

• All registered businesses, as well as traders in Dubai (and the Dubai), shall be required to charge VAT to all their customers at the existing rate, which is 5% and shall have to pay VAT on any goods that they purchase. The difference between the two is what must be paid to the government agencies.