Vat Compliance

Businesses in the UAE have two options for VAT registration based on their annual turnover:

• Mandatory VAT Registration: Required for companies with an annual turnover exceeding AED 375,000.
• Voluntary VAT Registration: Available for companies with an annual turnover between Dh 187,500 and AED 375,000.

Several factors should be carefully considered before initiating the VAT Registration process, including the decision between mandatory and voluntary registration, as well as whether to opt for single VAT registration or a Tax group. KCG Consultancy, renowned for its expertise in VAT Registration, stands as the ideal choice for businesses seeking seamless VAT Registration Services in Dubai.

KCG Consultancy is recognized for its reliable and efficient VAT Return Filing Services in Dubai. KCG Consultancy handle monthly and quarterly VAT returns, ensuring accuracy and adherence to deadlines. All VAT Returns are submitted electronically through the FTA e-Services portal. It is crucial for businesses to file their VAT Returns promptly and accurately to avoid VAT audits and potential fines imposed by the FTA. With our expertise, we help businesses maintain compliance and mitigate any risks associated with VAT filing.

KCG Consultancy, renowned for its expertise in VAT Compliance Services, offers comprehensive support for VAT Return Filing, surpassing others in the market. Our team of VAT experts will assist you with the following:

• On-site Visits: Our dedicated VAT expert will visit your company regularly, either monthly or quarterly, to gather and compile the necessary financial information required for filing the VAT Return.
• VAT Return Preparation: At the end of each VAT return period, KCG Consultancy will meticulously prepare the VAT return in full compliance with the rules and regulations set by the FTA (Federal Tax Authority), relieving you of the burden of complex paperwork.
• Timely Filing: We prioritize adherence to deadlines and ensure that your VAT returns are filed within the specified time for each tax period, guaranteeing compliance with the FTA requirements.
• VAT Compliance: KCG Consultancy takes utmost care to ensure that all financial operations of your company strictly adhere to VAT laws as stipulated by the FTA, minimizing the risk of non-compliance and potential penalties.
• Transaction Verification: Our team will diligently review and verify VAT-related transactions to ensure accurate calculation of output tax on sales and correct claiming of VAT charged by suppliers, reducing the chances of errors or discrepancies.
• Expert Advice: Keeping up with the ever-evolving VAT landscape, KCG Consultancy will provide valuable suggestions and informed opinions based on the latest VAT trends and updates, enabling you to stay compliant and avoid potential VAT fines from the FTA.
• Compliance Review: We conduct random reviews of your books of accounts and document maintenance practices to ensure ongoing VAT compliance, identifying any areas of improvement or potential risks.
• Representation during VAT Audits: In the event of a VAT audit by the FTA representatives, our VAT experts will be available to represent your company, offering professional guidance and support throughout the audit process, should the need arise.

Partnering with KCG Consultancy for your VAT Return Filing ensures a seamless and efficient experience, allowing you to focus on your core business while leaving the complexities of VAT Compliance to our capable team.

When filing a VAT Return in the UAE, if your input VAT (tax paid on purchases) exceeds your output VAT (tax collected on sales), you have the opportunity to request a VAT refund from the FTA (Federal Tax Authority). At KCG Consultancy, we offer most reliable VAT Refund Services in Dubai.

Input VAT refers to the tax that a business or taxable person pays on items such as goods and services purchased within the UAE. On the other hand, output VAT is the tax collected on items sold by a business or taxable person in the UAE. If your business is paying more tax on purchases than it is collecting from clients through sales, you are eligible to claim an FTA VAT refund in the UAE.

KCG Consultancy specializes in assisting businesses in navigating the VAT refund process. Our experienced team will guide you through the necessary steps, including preparing the required documentation and submitting the refund application to the FTA. With our expertise and knowledge of VAT regulations, we ensure a smooth and efficient process, increasing your chances of a successful VAT refund.

By choosing KCG Consultancy for your VAT refund services, you can trust in our commitment to providing exceptional assistance. We understand the importance of maximizing your cash flow and recovering eligible input VAT. Our dedicated team is here to simplify the VAT refund process and help you secure the refunds you are entitled to under the FTA guidelines.

In the UAE, taxpayers have two options for handling excess input VAT, which is commonly referred to as VAT refund:

1. VAT Refund Request: The taxpayer can choose to request a VAT refund for the excess input VAT. This involves submitting the VAT refund application form, known as “Form VAT311,” after the VAT Return is filed.
2. Carry Forward: If the taxpayer does not wish to request an immediate refund, they can carry forward the excess recoverable tax to future tax periods. The carried forward amount can be used to offset against payable tax and/or penalties in subsequent periods. Alternatively, the taxpayer can apply for a refund at a later point in time.

To initiate the VAT refund process, the taxpayer is required to complete the VAT refund application form, Form VAT311, following the submission of the VAT Return. This form contains the necessary information and details to support the VAT refund request.

1. Log in to the FTA’s e-Services portal using your credentials.
2. Navigate to the VAT tab and then the VAT Refunds tab.
3. Access the VAT refund request form by clicking on the appropriate option.
4. Complete the refund claim form. Some fields may already be pre-filled with information from your account, so ensure that all the details entered are accurate.
5. Review the form for accuracy and completeness, then click “Submit” to submit the refund claim.
6. After submitting the form, you will receive an email notification from the FTA informing you of the result of your refund application.
7. If your claim is approved, the refund amount will be processed within 5 business days.
8. To verify the refund amount, you can check your balance by accessing the “My Payment” tab under the “Transaction History” section in the e-Services portal.

At KCG Consultancy, we can guide you through the process of claiming a VAT refund in the UAE. Our experienced team can assist you in completing the necessary forms accurately and ensure a smooth submission process. We will also provide ongoing support and guidance to address any queries or concerns related to your VAT refund claim.

KCG Consultancy offers top-notch VAT Refund Services in Dubai. Our team of tax experts is dedicated to assisting clients in obtaining VAT Refunds from the FTA (Federal Tax Authority). With our in-depth knowledge and extensive experience in VAT Refund Services in the UAE, we ensure that our clients receive the maximum refund amount they are eligible for.

Our VAT Refund Services are designed to provide comprehensive support throughout the process. Our experienced tax advisors closely monitor the procedures and guidelines set by the tax authorities, ensuring that all requirements are met and the refund application is prepared accurately.

By choosing KCG Consultancy for your VAT refund needs, you can expect:

1. Expert Guidance: Our knowledgeable tax advisors will guide you through the VAT refund process, ensuring that all necessary documentation is prepared correctly and submitted on time.
2. Maximizing Refund Amount: We work diligently to maximize your VAT refund amount by analyzing your business transactions and identifying all eligible refundable amounts.
3. Compliance and Accuracy: Our team ensures strict compliance with VAT laws and regulations, minimizing the risk of errors or non-compliance issues that could lead to delays or rejections.
4. Timely Communication: We keep our clients informed about the progress of their VAT refund application and promptly address any queries or concerns that may arise.
5. Customized Solutions: We tailor our services to meet the specific needs of each client, providing personalized solutions that align with their business goals and objectives.

At KCG Consultancy, we strive to deliver excellence in VAT Refund Services, providing our clients with peace of mind and a seamless experience in reclaiming their eligible VAT amounts.