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VAT

Value Added Tax (‘’VAT’’) is an indirect tax effective from 1 January 2018. Good and services are subject to 5% VAT or 0% VAT unless exempted for VAT. Federal Tax Authority (‘’FTA’’) requires entities to register for VAT if the taxable revenue for the last 12 months or expected taxable revenue in next 30 days is more than AED 375,000 under the mandatory registration scheme. The entities opt to register if the taxable revenue is more than AED 187,500. Non-resident companies that provide services to the UAE customers where those transactions are not reported by the UAE customers under reverse charge mechanism are required to register for VAT, irrespective of the tax registration threshold. Registered entities are required to file VAT returns on approved tax period. There are entities that are entitled for VAT refund based on the business activities.

We are an approved tax agent by the FTA to carry out VAT registration and compliance activities. We have an experienced team who can advise client rightly on the VAT impact assessment, registrations, compliances, and other related matters.

Our services include:

  • VAT impact assessment

  • VAT registration

  • Review of VAT compliance

  • Correction of VAT returns (Submission of Voluntary Disclosure)

  • VAT refund services

  • Appeal for penalties (VAT reconsideration)

  • Application of administrative relaxation

  • Tax opinion

  • VAT health check

  • VAT de-registration

  • Amendments to tax registration

  • Training on the update on the latest tax laws and regulations

For more information, please contact us