“Require Assistance with Excise and VAT?”

Vat Consultancy Services In Dubai

Dubai’s tax system comprises two significant indirect taxes: Value Added Tax (VAT) and Excise Tax. These taxes have had a substantial impact on the economy of Dubai, generating additional revenue for the government and encouraging businesses to become more tax compliant. If you need any help regarding both, VAT Consultancy Services in Dubai, like RBS Auditing, can assist you with the same! 

Vat Consultancy Services In Dubai
Vat Consultancy Services In Dubai

VAT was introduced in 2018 and is imposed on the supply of commodities and services at a standard rate of 5%. On the other hand, Excise Tax is a tax on specific goods considered harmful to human health or the environment, such as tobacco, sugary drinks, and energy drinks. Therefore, the rate of Excise Tax varies depending on the product type. 

 

How can RBS Auditing Help You as VAT Consultancy Services in Dubai?

 

RBS Auditing is a well-established auditing and consultancy firm in Dubai providing various services to businesses across multiple industries. One of the critical areas of expertise is VAT consultancy services, which can immensely benefit companies operating in Dubai, given the complex VAT regulations and the constantly evolving tax landscape.

 

As a VAT consultancy service provider, RBS Auditing offers comprehensive support to businesses to ensure they comply with VAT regulations and help them manage their tax affairs more efficiently. 

 

Here are some ways in which RBS Auditing can help your business as a VAT consultancy service provider in Dubai:

 

  1. VAT registration: RBS Auditing can help businesses determine if they need to register for VAT and, if so, guide them through the registration process, ensuring all required documentation is submitted accurately and on time.

 

  1. VAT compliance: Once a business is registered for VAT, we can provide ongoing support to ensure they comply with all VAT regulations. It includes managing VAT returns, maintaining proper records, and advising on VAT-related matters such as invoicing and the VAT treatment of different transactions.

 

  1. VAT planning: We can help businesses develop an effective VAT planning strategy aligning with their business goals. It can include identifying opportunities to reduce VAT liabilities, managing cash flow, and optimizing VAT recovery.

 

  1. VAT audit: We can also conduct a VAT Review and audit to ensure that a business accurately reports and pays VAT, identifies potential risks or errors, and provides recommendations to mitigate them.

 

  1. VAT training: We can train businesses and their staff to ensure they understand the implications of VAT and are equipped to manage their VAT affairs effectively.

 

By engaging RBS Auditing as a VAT consultancy service provider, enterprises can avoid costly mistakes, minimize their tax liabilities, and improve their overall tax efficiency. So, if you’re a company searching for VAT & Excise Consultants in Dubai, contact us today! 

Maximizing Your Business Efficiency with RBS Auditing: The Leading Vat Review and Consultancy Services in Sharjah

Vat Consultancy Services In Dubai
RBS Auditing is a reputable company that provides professional Vat Review, Consultancy Services and Vat Return Filing in the UAE, particularly in Sharjah. With years of experience and expertise, our team of certified professionals is dedicated to helping businesses in the UAE improve their financial performance and comply with the latest tax regulations.

In this blog, we’ll take a closer look at our products and services, the benefits of working with us, and why we are the top choice for Vat Review and Consultancy Services in Sharjah.

Vat Review
Vat Review

Vat Review: A Comprehensive Solution for Your Business

Our Vat Review service is designed to help you stay on top of your finances and ensure that your business is operating as efficiently as possible. Our team of experts will perform a comprehensive review of your financial records, identify any areas of improvement, and provide you with a detailed report of our findings. We’ll also make recommendations on how to improve your financial performance and help you to stay compliant with the latest tax regulations.

Benefits of Vat Review:

1. Improved financial performance: Our Vat Review service will help you identify areas of improvement in your financial records, allowing you to optimize your business operations and increase your profitability.

2. Compliance with tax regulations: Our team of experts will ensure that your business is in compliance with the latest tax regulations, reducing the risk of fines and penalties.

3. Increased efficiency: Our Vat Review service will help you streamline your financial processes, making it easier to manage your finances and freeing up time for you to focus on growing your business.

Vat Consultancy Services: Expert Advice for Your Business

At RBS Auditing, we understand that navigating the complex world of tax regulations can be a challenge for business owners. That’s why we offer comprehensive Vat Consultancy Services in Dubai to help you stay ahead of the curve and make informed decisions about your finances. Our team of experts will provide you with tailored advice and
support to help you understand the latest tax regulations and make the most of your finances.

Benefits of Vat Consultancy Services:

1. Expert advice: Our team of experts has extensive knowledge and experience in the field of accounting and taxation, and we use this expertise to provide you with tailored advice and support.

2. Stay ahead of the curve: Our Vat Consultancy Services will help you stay up-to-date with the latest tax regulations, reducing the risk of fines and penalties.

3. Improved decision making: Our tailored advice will help you make informed decisions about your finances, allowing you to optimize your business operations and increase your profitability.

Vat Return Filing: A Stress-Free Solution for Your Business

At RBS Auditing, we understand that filing Vat returns can be a time-consuming and stressful process for business owners. That’s why we offer comprehensive Vat Return Filing services to help you comply with the latest tax regulations and simplify the filing process. Our team of professionals will handle all the necessary details, from preparing your VAT return to submitting it to the relevant authorities, allowing you to concentrate
on expanding your business.

Benefits of Vat Return Filing:

1. Compliance with tax regulations: Our Vat Return Filing service will ensure that your business is in compliance with the latest tax regulations, reducing the risk of fines and penalties.

2. Stress-free process: Our team of experts will handle all the details, from preparing your Vat return to submitting it to the authorities, making the filing process stress-free for you.

3. Time savings: Our Vat Return Filing service will free up time for you to focus on growing your business, rather than dealing with the complexities of filing Vat returns.

Why Choose Us for Your Vat Review and Consultancy Services?

At RBS Auditing, we are dedicated to providing our clients with the best Vat Review and Consultancy Services in Sharjah. Here are just a few of the reasons why we’re the top choice for businesses in the UAE:

1. Experienced and certified professionals: Our team of experts has extensive experience in the field of accounting and taxation, and we’re certified to provide the best Vat Review and Consultancy Services.

2. Tailored solutions: We understand that every business is unique, and we provide tailored solutions to meet the specific needs of each of our clients.

3. Comprehensive services: Our Vat Review, Consultancy Services, and Vat Return Filing services are designed to provide our clients with a comprehensive solution for their financial needs.

4. Customer-focused approach: At RBS Auditing, we are dedicated to providing our clients with the best possible customer service, and we always put our clients’ needs first.

Conclusion :

if you’re looking for a trusted partner to help you maximize your business efficiency and comply with the latest tax regulations, look no further than RBS Auditing. Our team of experts is dedicated to providing our clients with the best Vat Review and Vat Consultancy Services in Sharjah, and we’re committed to helping you achieve your financial goals. Contact us today to learn more about our services and how we can help your business thrive

UAE- NEW LAW ALLOWING FULL FOREIGN OWNERSHIP OF ONSHORE COMPANIES TAKES EFFECT ON JUNE 1

Dept. of economic development
The UAE’s Ministry of Economy has confirmed that the amended legislation permitting foreign investors and entrepreneurs to establish and fully own onshore companies, will come into effect from June 1.
Amendment to the Commercial Companies Law will ‘boost country’s competitive edge and facilitate business’, according to UAE Minister of Economy
Minister of Economy Abdullah bin Touq in a tweet confirmed that the latest decision is a new step that reflects the UAE government’s commitment to supporting the economy and enhancing its readiness for the future.
In November 2020, the UAE announced that the of businesses would take effect from December 1, 2020. However, after widening the scope of sectors eligible for full ownership by foreign investors, the law is now ready for roll out from June 1, 2021.
The long-anticipated and widely discussed reform, which will have game-changing implications on the investment landscape of the nation, was approved by President His Highness Sheikh Khalifa bin Zayed Al Nahyan last year.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has said the UAE now enjoys a fertile legislative environment for foreign direct investors in order to enhance the nation’s competitiveness.
Last month, the UAE’s Ministry of Economy also said it was working on a new legislation to include 10 new sectors to the Commercial Companies Law, which allows 100 per cent foreign ownership of onshore companies in the country.

TYPES OF LIQUIDATION SERVICES IN DUBAI

Liquidation-Services

The Liquidation Services In Dubai includes the change of an enterprise’s resources into cash, remunerated to various tops which used to add to the maintenance of the company. For example, a company might be liquidated to recompense the debts to the creditors; the lending companies or a bank from which the company required loans once.
It is the previous option which lenders choose by UAE freezone company liquidation, as a company which is in best possible financial health is not subjected to the liquidation process. However, if a company isn’t offering any appropriate growth and the debtors cannot able to pay the debt, and then creditors opt to take action against the organization on behalf of their money.
Liquidation Services In Dubai – In the procedure, the possessions of the company; land, machinery, raw material, products, and other sell-able items are auctioned or retailed straight to a potential buyer. The cash, which is received from the selling of the entire things, is then allocated amongst the lenders.

Benefits

  • It occurs to the company, not the people within the company.
  • Management of the liquidation is approved on top of the selected liquidator; alleviating some of the anxiety that a director can acquire thus of the procedure.
  • Once the company is liquidated, creditors can no longer follow directors for expense.
  • As quickly as the company closes, all legal battle against the company is prevented.

Types of Liquidation

Company liquidation is two types:

1. Voluntary Liquidation

In a category voluntary liquidation, the investors of a company will choose to ploy the company as they have no money to back creditors. In this kind of liquidation, main concern is given to the creditors

2. Compulsory Liquidation

Compulsory liquidation is a kind of company liquidation which is present by court order. Here, the resources of the firm are dispersed to the creditors and contributors based on the precedence of claims.