Vat Consultancy Services

Tax Consultant

SFTC provides guidance and advice on tax-related matters to individuals and businesses. We specialize in tax laws and regulations, and assist clients in minimizing their tax liabilities. We provide support for tax planning, tax preparation, and tax compliance. We ensure that our clients are in compliance with all tax laws and regulations, and help them avoid penalties. If you need help with your taxes, SFTC can be a valuable resource.

Vat Compliance

SFTC ensure that your company complies with all the requirements related to Value Added Tax (VAT) regulations. VAT is a consumption tax that is charged on goods and services and is levied at each stage of the supply chain. Therefore, it is essential for businesses to comply with the VAT regulations to avoid penalties and legal issues. We can help businesses stay up to date with the latest VAT regulations and ensure that all the necessary documentation is in order. We can also assist with VAT registration, filing of VAT returns, and managing VAT audits.

Vat Registration

Vat registration is referring to a process whereby an individual gets registered with the Federal Tax Authority (FTA). If certain conditions are met, any individual, natural or foreigner can apply for VAT registration. Only those people holding a valid FTA issued, TRN (Tax Registration Number) have the right to collect and remit tax in the UAE.

Vat Returns Filing

Under UAE VAT law, all the businesses operating in any of the emirates of UAE, are required to file VAT Return online using the Federal Tax Authority (FTA) portal. The FTA Portal is designed to accept returns only through online mode. Taxpayer requires to provide the values of Sales, Purchase, Output VAT, Input, and Input VAT, etc. in the appropriate boxes of the VAT return form available in the FTA portal.

The VAT Return form is called ‘VAT 201’ which is required to be filled by the registrant in order to complete the submission of the VAT Return filing.