Tax Consultant
Taxation
As Part of the G.C.C. & signatory of the Unified VAT Agreement,the U.A.E. issued the Federal Decree-Law no. (8) of 2017 onValue Added Tax (VAT) and its Executive Regulations, allBusinesses exceeding the revenue threshold of AED 375,000must be registered for VAT with Federal Tax Authority as from1st. January, 2018 onwards. The VAT Rate in the UAE is 5% presently.
Excise tax is also imposed on tobacco and tobacco products,
carbonated drinks and energy drinks which wasalready implemented as from 1st. October 2017 onwards
The implementation of VAT and excise tax is likely to impactvarious segments of your business, therefore businesses shall need to review their contracts, procedures, operations, legal structure, products, services and human resources to comply with the tax obligations. Businesses may also need to invest in new accounting software if their current one cannot be customized or updated to incorporate the VAT requirements.
Direct Tax Services
Presently there are no direct taxes in U.A.E. like income tax or salaries and wages taxes. But there are special requirements for certain activities and royalty like banks and Oil exploration.
and other activities depending on each Emirate ‘s Laws and
Value Added Tax & Excise Tax Services
ARCA offers consultancy services to esteemed clients in all the fields of Taxation of VAT &
Excise Tax for Registration, Periodical reports preparation and presentation to the Federal Tax Authority (FTA) & all the requirements of the Laws & Regulations of Tax of the U.A.E. including advice of De-Registration and all processes accordingly
ARCA can help you get ready conforming with the laws.
ARCA’s experienced team will assist you in understanding the implications of VAT. Whether you need to install a new system of accounting, or keep your accounts, restructure or reorganize your company, or audit your accounts according to International Auditing Standards. Call us now. We’re here to help!