vAT & tax Solutions
At YAMY, we offer comprehensive VAT compliance review and filing services in the UAE for startups, small to medium-sized enterprises, at reasonable costs. Our services include physical inventory verification, which involves barcode counting, stock supervision, and asset tagging, as well as VAT consulting services to help businesses navigate the complex UAE VAT laws.
As a reputable VAT consulting firm in the United Arab Emirates, we differentiate ourselves from competitors by providing effective VAT solutions to our clients. Our team of experienced VAT consultants not only provides clients with the necessary information to address current and future VAT-related concerns but also assesses their needs and proposes appropriate solutions.
VAT is a consumption tax levied on goods and services purchased by individuals and businesses. The Federal Tax Authority (FTA) is responsible for tax collection and administration in the UAE. To assist businesses in complying with VAT regulations, the FTA provides all relevant legislation, including recommendations and explanations.
Our VAT consultants help business owners with effective tax planning, enabling them to better manage tax outflows and working capital. Our services include VAT advisory and compliance services, among others, to ensure businesses are fully compliant with UAE VAT laws.At VAT Consulting Services in Dubai YAMY, we have a team of skilled and knowledgeable tax professionals who are constantly updated on the latest changes to tax regulations and laws. We review and analyze any updates from the Federal Tax Authority (FTA) to ensure our clients are informed and compliant with all tax requirements. VAT compliance is a critical function that requires close monitoring and accurate record-keeping to avoid any penalties.
Many organizations choose to outsource their VAT accounting to professionals like us to ensure compliance and avoid any potential issues. Our approach is universal and tailored to each client’s specific needs, with the goal of achieving long-term corporate success through updated techniques and strategies. As dependable VAT consultants in Dubai, UAE, we offer a range of services to help your business succeed.
YAMY’s tax team has extensive knowledge of UAE VAT laws and regulations, with experience in various industries and sizes of companies. This expertise enables us to conduct a comprehensive VAT Health Check in the UAE, reviewing all aspects of a company’s operations and focusing on areas with a higher likelihood of being audited by the Federal Tax Authority (FTA). We provide corrective recommendations to rectify any errors and streamline documentation processes, preparing clients for potential tax audits.
Due diligence is the process of gathering, analyzing, and assessing a company’s information to identify potential risks. Through due diligence, the buyer of a company can research and mitigate any legal, tax, or VAT-related risks associated with the firm’s operations, employees, customers, market, investments, and liabilities. In the United Arab Emirates, businesses must deal with Value-Added Tax (VAT) and other tax concerns to avoid penalties and fines. To help them navigate these complexities, businesses must engage with the Federal Tax Authority (FTA). As an approved tax agent, YAMY provides a vital liaison between businesses and the FTA, ensuring compliance with tax regulations.
YAMY offers VAT return filing services in the UAE, which can be a time-consuming and challenging process for businesses without expertise. Our seasoned consultants will handle the filing of VAT returns, ensuring that all requirements are met and submitted in the correct format.
In addition, YAMY provides VAT refund services in Dubai, UAE. If a business’s input VAT is higher than their output VAT, they may be eligible for a refund. Our assured refund services will help businesses recover their VAT payments. Overall, YAMY’s services are essential for businesses operating in the UAE to ensure compliance with tax regulations and avoid penalties. By engaging with us, businesses can focus on their core operations while ensuring their tax affairs are in order.
Experienced VAT consultants from YAMY are employed in the UAE to review the periodic files of corporate taxpayers across various sectors to help them obtain a VAT refund from the Federal Tax Authority (FTA). Our team of VAT experts will guide you through the voluntary disclosure process and submit the application in the required format and within the specified timeframe to avoid any rejection. A VAT voluntary disclosure in the UAE can help taxpayers correct errors in their VAT returns or requests for refunds, and our dedicated team of tax professionals has extensive experience in submitting voluntary disclosures for multinational corporations and responding to FTA queries.
It is important to ensure that VAT returns in the UAE are completed in accordance with all applicable VAT rules and regulations to avoid errors and penalties. To avoid any potential issues, it is advisable to seek the help of professional VAT consultants like YAMY. In addition, the FTA has the discretion to waive or reduce tax law administrative penalties through various mechanisms. If you believe you are eligible for a penalty waiver or reduction, YAMY can help you navigate the process and submit a successful application.
Our VAT Due Diligence service keeps companies up-to-date on the latest changes in UAE VAT laws and regulations, identifying any adherence gaps and providing strategies to minimize or prevent negative consequences. Our team is well-versed in UAE VAT requirements and has worked with a variety of industries and company sizes, enabling us to conduct thorough VAT due diligence examinations. We provide recommendations to address any inaccuracies and ensure compliance with UAE VAT regulations.
Get Started
Ready to elevate your finances? Reach out now and letʼs achieve greatness together!