Navigating tax regulations in the UAE—particularly VAT (Value Added Tax)—can be a complex journey for businesses. Introduced in 2018, VAT has become a crucial part of the UAE’s economic structure. For companies aiming for success in Dubai's fast-paced environment, working with expert VAT consultants in Dubai is not just beneficial—it’s essential.
At Young and Right, our mission is to ensure that your business remains VAT compliant, efficient, and financially prepared for long-term growth. In this guide, we’ll explore the importance of VAT consultancy, the services offered, and how our qualified team of tax professionals can help you meet your business needs with precision and confidence.
Understanding VAT in the UAE
What Is VAT?
Value Added Tax (VAT) is a consumption-based tax applied to the sale of goods and services in the UAE, currently at a standard VAT rate of 5%. Businesses act as intermediaries, collecting VAT from consumers and remitting it to the Federal Tax Authority (FTA). Key obligations include:- VAT registration
- Issuing VAT-compliant invoices
- Maintaining accurate VAT accounting records
- Filing VAT returns on time
- Making timely tax payments
Why VAT Compliance Matters
For any taxable person or entity, VAT compliance is critical to avoid legal issues and hefty fines. Non-compliance can lead to investigations and disrupt daily operations. Engaging a tax consultant ensures that all obligations are met without delays. Here’s why compliance plays a vital role:- Claim VAT refunds on eligible input VAT, reducing overall tax burden
- Improve financial transparency and strengthen internal controls
- Enhance business reputation and trust with investors, suppliers, and clients
- Ensure uninterrupted supply chain operations, especially in cross-border transactions
- Claim VAT refunds on eligible input VAT
- Improve financial transparency
- Enhance reputation with stakeholders
- Ensure smooth supply chain operations
How VAT Consultants in Dubai Support Your Business
Working with professional tax consultants helps eliminate confusion around VAT regulations. Here’s what expert VAT consultancy services include:1. VAT Registration Support
Whether you're a free zone company, mainland business, or international entity, we ensure complete and timely VAT registration based on your annual turnover. Our team manages:- Document collection
- Registration with the Federal Tax Authority
- Issuance of your Tax Registration Number (TRN)
2. Filing and Submitting VAT Returns
Filing accurate VAT return forms is mandatory. We help you submit quarterly or monthly VAT filings, depending on your company structure and industry.- On-time submission to FTA
- Record reconciliation
- Support for both UAE mainland and free zone operations
3. VAT Advisory Services
Our VAT specialists offer deep insights into:- Zero-rated and exempt supplies
- Reverse charge mechanism
- Tax planning for taxable supplies
- VAT on international transactions and imports
4. VAT Audit and Internal Compliance Reviews
We conduct internal VAT audits to ensure:- Compliance with VAT laws
- Correct invoicing and reporting
- Risk mitigation to avoid penalties
- Application of federal decree laws correctly
5. VAT Refund Assistance
If your business is eligible, we guide you through the VAT refund process by:- Analyzing records for refund claims
- Submitting correct documentation to FTA
- Ensuring maximum refund for taxable business activities
6. VAT Deregistration and Transition Support
For companies ceasing operations or falling below the threshold, our team manages VAT deregistration, ensuring:- Proper documentation
- Final return submission
- Clearance with authorities
Why Hire Professional VAT Consultants?
1. Expertise in UAE Tax Laws
Our consultants are tax experts with in-depth knowledge of UAE VAT regulations, industry-specific exceptions, and corporate tax rules.2. Time-Saving and Cost-Efficient
Avoid wasting internal resources. Let us handle tax compliance, bookkeeping services, and efficient tax planning so you can focus on scaling your business.3. Risk Management
Stay protected from errors, non-compliance, and audit failures. Our experienced team ensures adherence to FTA guidelines, shielding your reputation and finances.4. Tailored Solutions for Every Business
We offer customized VAT solutions for startups, SMEs, and large enterprises operating in Dubai, Abu Dhabi, or any free zone in the United Arab Emirates.Young and Right: Your Trusted VAT Consultant in Dubai
Young and Right is one of the leading VAT consultants in Dubai, offering full-scale tax consultancy services designed to meet your business’s specific requirements.Our Services Include:
- VAT registration and deregistration
- VAT filing and returns
- VAT advisory services for planning and operations
- VAT audits and compliance reviews
- VAT refund claims
- Assistance with corporate tax compliance