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At every step of the business life cycle in Abu Dhabi, having finances in order is crucial not just for profit-making but for ensuring compliance. One of the more complex areas to navigate? Value Added Tax (VAT). The introduction of VAT in the UAE in 2018 brought new challenges for businesses, as they now have to deal with new tax compliances, bookkeeping, and filings. Fines and penalties await anyone who makes a mistake. Let’s face it. VAT is not clear-cut. That’s where VAT Consultants in Abu Dhabi come into the picture.

A specialized VAT consultant can assist you in understanding the intricacies of the VAT system, whether you are a young startup or a big company, and enhance your business’s cash flow management. Let’s dive in.

How Important are VAT Consultants in Abu Dhabi?

As part of a strategy to diversify revenue, VAT was introduced in the UAE at a fixed rate of 5% on many goods and services. The set VAT registration threshold is AED 375,000 annually. Otherwise, a penalty is applied. Registration is optional until reaching AED 187,500 in revenue.

The risk for business owners here is that the Federal Tax Authority (FTA) has a low tolerance for non-compliance, which can result in hefty fines.

Partnering with VAT Consultants in Abu Dhabi can prove to be a crucial step businesses need to take.

Make Your Workload Vanish Out of Thin Air With VAT Consultants

Your employees no longer need to deal with the boring and time-consuming world of taxes, as an expert VAT consultant leads the charge for your company, lowering your stress levels. Here are the many ways in which they make your life easier:

• Tax Planning: Out of the many primary concerns that business owners have, paying taxes doesn’t have to be one. With an optimized business structure, tax payments can be kept at an absolute minimum.
• Audit Assistance: If the FTA conducts an audit, your consultant can ensure that everything remains in order.
• VAT Registration and Compliance: All the paperwork will be completed on time, avoiding last-minute deadlines and stress-filled clients losing trust over time.
• VAT Return Filing: Never receive penalties for late filing again, as your consultant prepares your returns.

Leave Your VAT Worries in the Hands of Experts

Don’t let VAT overwhelm you. The Accountant, the best cloud accounting firm in Dubai, helps enterprises manage and understand VAT. They handle everything from VAT registration and compliance to organizing your tax strategy. All are done by certified professionals.

Call The Accountant now for a free consultation, and let them handle the numbers while you focus on running your business.