Tax Filings in UAE

The United Arab Emirates, renowned for its tax-friendly environment, recently implemented a set of new taxes, including Value Added Tax (VAT) and Excise Tax. Navigating this evolving tax landscape can be a challenge for businesses and individuals. This is where AMY Consulting comes into play. With our extensive knowledge of UAE’s tax regulations and a commitment to client-centered service, we can make the process of tax filing and preparation straightforward. Here’s how we can assist you in the UAE.

Understanding UAE’s Tax System

Despite being generally viewed as a tax-free zone, the UAE has introduced VAT and Excise Tax to diversify its economy. Understanding these taxes and their impact on your financial affairs is essential. AMY Consulting provides the insights you need to effectively manage your tax obligations in the UAE.

Guidance with Value Added Tax (VAT) Filing

In 2018, the UAE implemented a 5% VAT, which applies to most goods and services. Businesses with a revenue exceeding the mandatory registration threshold must register for VAT, maintain specific records, and file regular VAT returns.

At AMY Consulting, we assist with every aspect of VAT management. We guide businesses through the VAT registration process, ensure they understand what transactions are subject to VAT, and help with the preparation and filing of VAT returns. We also offer advice on VAT planning and administration to help businesses optimise their tax positions.

Support with Excise Tax Filing

The UAE levies an Excise Tax on specific goods harmful to human health or the environment, often termed ‘sin goods,’ such as tobacco products, energy drinks, and carbonated drinks.

AMY Consulting can help businesses navigate the complexities of Excise Tax. We provide guidance on what goods are subject to Excise Tax, assist in registering for Excise Tax, and help with the timely filing of Excise Tax returns.

Assisting with Tax Residency Certificate Applications

The UAE’s Double Taxation Treaties with various countries can allow residents to avoid paying tax on foreign income in their home country. To avail of these benefits, residents must obtain a Tax Residency Certificate (TRC).

AMY Consulting assists individuals and companies with the TRC application process. We ensure clients understand the requirements, guide them through the process, and help gather the necessary documents for a successful application.

Keeping Up with Deadlines

Filing tax returns late can lead to penalties in the UAE. AMY Consulting helps clients avoid such situations by tracking all key deadlines, ensuring timely tax return filing and payments.

Navigating the UAE’s tax system can be complex, but it doesn’t have to be. With AMY Consulting, you have a partner who understands the intricacies of UAE tax laws and is committed to providing excellent service tailored to your needs. Whether you’re an individual aiming to optimise your tax position or a business with multiple tax obligations, AMY Consulting is here to help. Contact us today to learn how we can assist you with your tax filings and preparations in the UAE.