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VAT report in UAE

Walton Consultants Limited offers accounting services, VAT consultancies and tax advice for your business in UAE.
We assist and provide consultations on:
- VAT implementation rules and provisions
- VAT company assessment
- VAT registration
- VAT records keeping and invoicing
- VAT returns preparation and filing
- Bookkeeping and annual financial statements preparation
- Obtaining up-to date information about VAT rules and changes.

Main criteria to comply with VAT in UAE:
Threshold for registration:
Mandatory registration threshold: AED 375,000
  • Taxable supplies in the previous 12 months (backward looking test) or
  • Taxable supplies of the next 30 days alone (forward looking test)
  • Includes Zero-Rated supplies, but excludes exempt supplies and non-business activities when calculating ‘taxable supplies’.
Voluntary registration threshold: at least AED 187,500
Taxable supplies will be charged:
  • Standard rate – 5%
  • Zero rate – 0%.
VAT return filing:
Quarterly return to be filed within 28 days from the end of the respective quarter.
Accounting records keeping:
  • The Taxable person has to keep books of accounts either in electronic form or written form
  • Accounting Records & Commercial Books should be maintained and kept up to 5 years
  • Company Records shall include but not be limited to: Annual accounts, general ledger, purchase day book, invoices issued, invoices received, credit notes, debit notes, VAT Ledger/ VAT account, etc.
We offer you flexible packages on monthly basis to keep your records and assist with bookkeeping and VAT returns. Please contact us for more details.
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