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J&J Management Consulting – A leading VAT Consultant in UAE.

Taxpayers frequently face hurdles in maintaining tax obligations, and with the help of professional and continuous guidance of J&J, a top consultant in Dubai, UAE, ensures adherence to VAT regulations. Our seasoned consultants in the UAE help to examine your business transactions and work on your tax disputes as well.

Our UAE VAT consultants provide personalized services catered to the business interest. 

Our team of dedicated VAT consultants with supported VAT expertise from the J&J network provides specialized strategies to complete VAT obligations, minimize liabilities, and address clients for incomplete VAT refunds.

Our offering

Partner with our VAT consultants at J&J to navigate the challenges of VAT processes, and streamline the financial performance while ensuring adherence to regulatory compliance and helping to focus on business growth.

We offer top-notch VAT services. Let us know what:-

• VAT registration
• VAT deregistration
• VAT return filing
• VAT refund
• VAT compliance
• VAT advisory
• VAT accounting

1. VAT Registration: VAt registration is an important step for UAE business, enabling charging VAT on goods and services subject to UAE tax regulations. It is mandatory to register VAT for a business with a mandatory threshold of AED 375000 in taxable supplies and imports annually. The Federal Tax Authority, a regulatory authority, processes the quick online registration within two or three weeks. Our team at J&J Management Consultancy streamlines this VAT process by ensuring regulatory compliance, reducing the tax burden, improving financial performance, and helping businesses to thrive in UAE’s competitive world.

2. VAT return filing: VAT return filing services include streamlining tax compliance, accurate VAT liabilities calculations, reconciled input VAT and output VAT, and timely submission of return filing. Our seasoned VAT consultants help clients submit VAT return filing in Form 201. We help to reduce penalties and risk by smartly managing the complexities of VAT. Our team provides extensive support from the collection of data to the submission of data, helping clients to stay compliant and maximize tax benefits.

3. VAT deregistration: VAT deregistration in the UAE is a process of cancellation of VAT degradation with FTA. Businesses must consider legal procedures before ceasing operations to avoid penalties. For closing down a business, a liquidation letter is needed from FTA to streamline the deregistration process. The J & J team helps to streamline the deregistration process while maintaining VAT compliance and helps to stay compliant and business to flourish.

4. VAT accounting: For managing VAT responsibilities, VAT accounting is important for UAE business. Every taxable entity must keep detailed records and accurate documentation under the UAE VAT Laws. Timely VAT payment and keeping VAt records is an important requirement for every business. J&J consultant network offers VAT consultancy services across UAE and Dubai delivering various VAT accounting services like accurate tax calculation, precise and timely submission of documentation, reviewing VAT records, and handling VAT documentation effectively.

5. VAT advisory service: Our VAT advisory services at J&J help to provide VAT services. Our services include VAT registration, VAT return filing, VAT audit, addressing VAT disputes, handling VAT transactions, and helping to adapt to evolving tax regulations. With the help of  J&J’s VAT advisors, the business helps to manage VAT management, reduce tax liabilities, and eliminate penalties.

6. VAT refund service: VAT refund is a process in which input VAT is greater than output VAT while filing a VAT return in UAE. J&J’s qualified team provides the best VAT refund services. With the help of our consultants, helps to monitor business transaction records for payment of VAT on purchases and expenses. Our team helps to maximize refund benefits. Our team provides tailored services to simplify refund processes. We help clients to file the VAT 311 form in the Federal Tax Authority portal. Our squad of VAT consultants in the UAE supports clients in VAT refund application procedures.

7. VAT Audit services: Businesses can ensure compliance with UAE VAT laws with the help of VAT audit services as mandated by the Federal Tax Authority. Our expert auditors and consultants examine VAT compliance, identify discrepancies, or fraud, timely VAT returns, and accurate documentation. Our expertise involves a streamlined audit process ensuring seamless cooperation with FTA. J&J’s team of experts ensures businesses adhere to tax requirements and stay compliant with UAE VAT laws and regulations.

Failure to comply with the regulations of the UAE VAT laws may lead to severe penalties as per the amendment by the Federal Tax Authority. A fine of AED 10,000 is imposed on late registration of VAT. Partner with J&J Consultant for expert assistance for timely compliance, helping businesses avoid penalties and legal procedures.

Avail professional VAT services from our VAT consultants in the UAE and Dubai. J&J team offers impeccable and proven client experiences. 

UAE VAT regulations and penalties

According to Federal Law No.2 of 2015 on Commercial Companies, tax entities in the UAE must mandatorily comply with the regulations concerning VAT and accounting record keeping. A penalty will be imposed for non-compliance as discussed below:-

What are the key roles of hiring a VAT Consultant?

Businesses may find unfamiliar with the new VAT system. Seeking professional guidance can bridge a gap in building knowledge of VAT regulations, ensuring seamless computation, registration, and smooth compliance. Let us look into the benefits of hiring a VAT consultant.

• Precision: A skilled VAT consultant ensures compliant and accurate return filing, minimizing errors and mistakes while frequent audits.
• Streamlined VAT services: Ensures simple and seamless VAT registration and return filing with the support of qualified consultants.
• Manages Risk: Helps to minimize the risk associated with VAT compliance and helps to reduce penalties with the guidance of a seasoned VAT consultant.
• Compliance: Ensure that the business stays compliant with UAE VAT laws while protecting the company’s financial position.
• Simplified VAT filings: Skilled VAT experts help to maintain accurate and timely VAT submissions and claim qualified input tax credits.
• Efficient VAT payment: Helps to calculate VAT liability and ensures efficient and timely payment of VAT and enhanced financial management.
• Zero error VAT returns: with the help of expert VAT consultants, accurate VAt returns help to ensure zero mistakes, thereby saving time and money.
• Knowledge: VAT consultants have extensive knowledge of VAT laws and regulations.

Partner with J& J consultant, having a team of impeccable track records and proven experiences helping to keep the business VAT compliant, ensuring financial integrity, and strengthening their business’s financial performance.

VAT return filing deadline for  UAE Businesses

The Federal Tax Authority mandates taxable businesses to complete filing VAT returns periodically usually 28 days from the start of the tax period. The set tax period is as follows:-

• Businesses with an annual turnover of less than AED 150 million should be obliged to file quarterly.
• Businesses with an annual turnover of AED 150 million or exceeding should be obliged to file monthly.

Depending upon the nature of the business, FTA advises an adjusted tax period.

Do not fall into common mistakes of VAT Registration in Dubai, UAE

• Incomplete documents: The process of VAT registration is completed when all documents are proper and complete.
• Late registration: One must register VAT on time to avoid costly mistakes.
• No professional guidance: There are many hurdles while managing VAT, so consulting with VAT experts is a good choice.
• Complex VAT rates: Businesses must be well acquainted with the VAT rates applicable.
• Revenue miscalculation: Accurate and double-check your revenue while applying correct VAT rates. 
• No proper records: Maintain accurate and proper financial records.

Demystifying VAT Form 201: Your Simplified VAT Return filing in UAE

The Federal Tax Authority specifies to submit Form 201 to submit VAT return filing. The Form 2021 mandates the following details:-

• Informations of taxpayers
• VAT return period
• Input and output VAT
• Net VAT due or payable
• Details on the profit of Margin scheme participants
• Declaration and signature of the authorized person

Upon completion, submit form 201 to the Federal tax authority. Come, Join J&J Consultants are always with you to streamline the VAT processes, and help to avoid costly penalties while ensuring compliance with UAE VAT regulations.

Navigating the intricacies of VAT can be resolved with the help of our capable hands so that you can discuss what matters.

How do proper accounting and bookkeeping help in VAT management in Dubai?

• Legal regulatory compliance: Maintaining proper accounting and bookkeeping records is necessary for businesses to comply with FTA guidelines to avoid hefty penalties.
• Enhanced financial visibility: Precise bookkeeping and accounting records help to give a clear picture of VAT liabilities, VAT refunds, and a complete view of financial position.
• Streamlined VAT filing: Well classified and accurate accounting and bookkeeping system helps to prevent fines, and avoid the hassle of urgent submission.
• Eliminating financial mistakes: A sound accounting and bookkeeping practice helps to prevent costly mistakes that can result from regular audits or penalties.

Why choose J&J?

Choosing J&J Management Consultant as a top VAT consultancy firm across Dubai and UAE helps to deliver customized solutions for all VAT processes. J&J is the best option for businesses across the UAE that can make a lot of difference for clients in their business journey. With a clear knowledge of business challenges, our seasoned professionals help to elevate your business to new heights by availing services from VAT  registration to timely submission and audit.

J&J’s VAT consultant provides all one solution:

• Cost-effective VAT advisory and consulting services 
• Timely VAT submission
• Hassle-free VAT processes
• Personalized VAT consultancy
• Comprehensive VAT Impact assessment
• Accurate VAT Payment calculations
• VAT compliance education for team 
• VAT requirement updates on the accounting system
• Expert advice on Reverse charge mechanism 

J&J group includes a team of chartered accountants and tax advisors, who have exceptional knowledge in the  UAE taxation framework. Our experts ensure compliance with UAE VAT filing requirements as specified by the FTA. We deliver top-notch VAT consultancy services in the UAE to a diverse clientele, adhering to the stringent guidelines of the Federal Tax Authority.

With J&J’s best VAT Consultancy Services, we promise a structured and efficient VAT framework. To ensure smooth and stress-free VAT processes, our experts handle all types of VAT compliance such as VAT registration, deregistration, VAT accounting, VAT return filing, and VAT audit.

For any assistance needed for VAT services, you are just a phone call away. 

Contact us for a free one-hour consultation.