VAT Update: Where are you on your VAT registrations?
Every business, whose taxable supplies made in the last 12 months or expected to be made in the next 30 days, is required to register for VAT under UAE VAT law. There are penal implications if such business is not registered by April 30, the extended registration timeline.
The present publication will throw a light on certain misconceptions and reality around the VAT registration requirement, implications of non-registration and the way forward to take advantage of the extended timeline.
How can we help
Rethink as an entity provides VAT advisory, optimization, registration, implementation, compliance, and training services in the UAE and the GCC. Before you reach your VAT filing due date, contact us for a VAT Health Check and VAT filing assistance. Our team is here to guide you through the VAT law and regulations and ensure full compliance with the law. Our team of senior qualified tax advisors, finance experts, and tax accountants will ensure timely and cost-effective VAT services for SMEs.
Based on our local and international experience we understand that VAT is a complex tax and will certainly suffer numerous changes in the upcoming years. Rethink’s VAT services are aimed to suit both basic and complex returns for SMEs and larger enterprises.
Who we are
Re/think is a boutique accounting, audit, advisory, regulatory compliance and tax advisory firm with offices in Dubai and Abu Dhabi (ADGM), focused on providing businesses of varying sizes with timely, proactive, and customized business solutions from start-up and early development to the latest stages of a business lifecycle.