Al Ain Business Center keeps your books and prepares your VAT returns, starting from AED 399 a month. VAT returns are generally due within 28 days of the end of the tax period, and businesses with annual turnover below AED 150 million file quarterly. We make sure your VAT return is submitted on time, and the same records are used for your corporate tax return.
(Source: u.ae, https://u.ae/en/information-and-services/finance-and-investment/taxation/vat/filing-a-tax-return-for-vat)
What the VAT rules say (official facts)
- The VAT rate is 5%. Source: u.ae, https://u.ae/en/information-and-services/finance-and-investment/taxation/vat/valueaddedtaxvat
- A UAE business must register for VAT if its taxable supplies and imports exceed AED 375,000 a year; registration is optional if they exceed AED 187,500 a year. Source: u.ae, URL above; and FTA, https://tax.gov.ae/en/taxes/Vat/vat.topics/registration.for.vat.aspx (which also gives the test as the previous 12 months, or an expectation of exceeding the amount in the next 30 days).
- VAT returns are usually due within 28 days of the end of the tax period. Businesses with annual turnover below AED 150 million file quarterly; those at AED 150 million or more file monthly; the FTA may assign a different tax period to certain businesses. Source: u.ae, https://u.ae/en/information-and-services/finance-and-investment/taxation/vat/filing-a-tax-return-for-vat
- Late filing makes the business liable for fines under Cabinet Resolution No. 40 of 2017 on administrative penalties for violations of tax laws. Source: u.ae, same URL.
- Corporate tax returns rely on your accounting records, so clean books support both. See our corporate tax page: https://alainbcenter.com/corporate-tax-registration-filing-uae/
What we do
- Monthly bookkeeping: recording sales, purchases and bank transactions and reconciling the bank.
- VAT: check whether you must register, prepare the registration, prepare your VAT returns and make sure they are submitted on time.
- Year-end records ready for your corporate tax return.
- Starting from AED 399 a month. The final price depends mainly on how many transactions you have each month.
How it works
- Share your bank statements and your sales and purchase invoices (WhatsApp, email or in the office).
- We record and reconcile each month.
- Before each VAT deadline we prepare the return and send it for your approval.
- It is submitted on time, and you receive a copy and the payment reference.
Frequently asked questions
How much does bookkeeping and VAT filing cost for a small business in Dubai?
Starting from AED 399 a month. The price depends mainly on your number of monthly transactions; we give a written quote before we start.
Does my small business need to register for VAT in the UAE?
You must register if taxable supplies and imports exceed AED 375,000 a year; registration is optional above AED 187,500 a year (https://u.ae/en/information-and-services/finance-and-investment/taxation/vat/valueaddedtaxvat).
When are VAT returns due in the UAE?
Usually within 28 days of the end of the tax period. Businesses with annual turnover below AED 150 million file quarterly (https://u.ae/en/information-and-services/finance-and-investment/taxation/vat/filing-a-tax-return-for-vat).
What happens if a VAT return is filed late?
The business is liable for fines under Cabinet Resolution No. 40 of 2017 (same u.ae page).
Do you also handle corporate tax?
Yes. We prepare your corporate tax registration and return from the same records (see our corporate tax page).
Contact
Al Ain Business Center, Shop 19, Arzoo Building, Al Twar, Al Qusais, Dubai. Phone and WhatsApp +971 50 843 7672. Email help@alainbcenter.com. Open Monday to Friday 09:00-18:00, Saturday 09:00-14:00, closed Sunday.