VAT: Extended registration deadline
VAT: Extended registration deadline
Good news for businesses in the UAE!
Federal Tax Authority (FTA) has decided to exempt administrative penalties for businesses that have missed registration deadline until April 30. This gives a major relief to the businesses/companies that missed the registration deadline of December.
The FTA said in the recent press release that this decision has been taken due to lack of readiness of some businesses during the first phase of VAT implementation, and reflects FTA’s commitment to assist businesses and encouraging them to be compliant with the tax procedures and to avoid administrative penalties.
How can we help
In addition to advisory and implementation services that we provide, our tax team also provides VAT Compliance services, as your business grows and rules regarding VAT framework become more complex.
Our team is here to guide you through the return process and ensure full compliance with the tax law. Our team will work with your internal finance team to complete and file your VAT returns. 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 clearly understand that VAT is a complex tax and will certainly suffer numerous changes in the upcoming years. Therefore, Rethink VAT Compliance 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.
For further information and assistance with VAT, Customs or Excise registration in the UAE or KSA, please contact tax@rethink-hq.com.
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