Why ABH Tax & Accounting Services?
We are one of the leading companies in the UAE. We have experience with local, regional and international companies operating in the UAE. The combined expertise of our partners & key staff exceeds 10 years of experience. We are well regarded in the local community, local & international companies, law firms and have a great working relationship with them.
Bookkeeping & Financial Statements.
With ABH your business is in safe hands
What you need to know about VAT.
1
Value Added Tax is an indirect tax imposed on the supple of most good and services
2
All records must be retained for a period of 5 years starting in 2018
3
A business must register for VAT if their taxable supplies and imports exceed AED 375,000, and a company can voluntarily register if they are below AED 375,000 but over AED 187,5000
4
The difference between Exempt and Zero-Rated
- Exempt supplies cannot revoke the VAT incurred on purchases while
- Zero-Rated supplies are required to register for VAT but can recover the VAT incurred on their purchases
5
Taxable businesses must file VAT returns with the FTA typically within 28 days of the end of the ‘tax period’ as defined for each type of business. A ‘tax period’ is a specific period of time for which the payable tax shall be calculated and paid. The standard tax period is:
- Quarterly for businesses with an annual turnover below AED 150 million
- Monthly for businesses with an annual turnover of AED 150 million or more
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Office
Sheikh Muhamad Bin Rashid Complex –
Office 134-10
Dubai \ UAE
Contact
+971 52 647 6840
info@abhtax.com
Open Hours
Monday – Saturday: 8am – 6pm
Sunday: 11am — 4pm