VAT and Excise Tax related

VAT and Excise Tax related services

Tax agency service - Sharjah - UAE Auditors

Tax agency service

The concept of Tax Agent is to help businesses to be compliant in respect of their tax obligations:

  • A person is allowed to appoint another person(s) as its Tax Agent(s) to act in his name  and  on  his  behalf with regards  to  his  tax  affairs with the Federal  Tax Authority (FTA).
  • A Tax  Agent assists  the person  in  the  fulfilment  of  his  tax obligations  and  the exercise of his associated tax rights.

A Tax  Agent is usually  engaged  by  his  or  her  clients  through  the Tax  Agency with which he  or  she  is  associated  in  order  to  provide  tax  related  services  which  could include:

  • Helping the businesses register with the FTA;
  • Preparing and submitting tax returns to the FTA on behalf of the businesses;
  • Maintaining tax related records and/or information;
  • Enquiring about tax related matters with the FTA; and
  • Submitting requests for reconsideration of decisions issued by the FTA

Abdelhamid & Co Certified Public Accountants is a registerd and licensed tax agency by the Federal Tax Authority (FTA) and our Tax Agency Number (TAN) is 30003958 and our Tax Agent Approval Number (TAAN) is 20033908

We will be happy to receive your request to be as your tax agent through your FTA Account Dashboard by searching about us using our tax agency emails : hameedtaxagency [at] gmail.com or simply by filling the following form

 

For any inquiries you can chat with us using WhatsApp or Telegram or fill the following form and we will get back to you as soon as possible:

Mobile: +971- 050-7948028

 

 

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VAT and Excise Tax return compliance (review) service - Sharjah - UAE Auditors

VAT and Excise Tax return compliance service

Compliance with UAE tax legislation, standards and reporting timeliness is an important requirement in expanding into a new territory. With the speed of change in the tax and accounting laws in UAE, it may be difficult for companies to stay on top of changes both to the laws and their application in your tax filing and compliance procedures.

Additionally, due to uncertainties surrounding the interpretation of tax laws, there has been an increase in disputes arising. The increasing sophistication and expertise of the tax authority means that the taxpayer, now more than ever, needs support and advice from experts at all stages of the tax compliance life cycle.

Abdelhamid & Co Certified Public Accountants can help you meet your VAT and Excise Tax obligations. We can help manage your tax risk and support your compliance needs, giving you peace of mind that you are meeting the wide variety of requirements required by laws and legislations.

Abdelhamid & Co Certified Public Accountants & Auditos can help you manage your tax and reporting obligations, including those associated with Value Added Tax (VAT), Excise Tax responsibilities by:

  • Registration – Ensuring registration with Federal Tax Authority (FTA).
  • Calculation – Review the calculating VAT returns.
  • Submission – Review the process of the preparation and submission of tax returns to Federal Tax Authority (FTA).
  • Payments – Review the processing of tax liability payments.

Abdelhamid & Co Certified Public Accountants & Auditos’s Tax Compliance offering strategic advice and sharing best practices based on years of experience providing organizations in multiple industries a comprehensive suite of tax compliance services.

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For any inquiries you can chat with us using WhatsApp or Telegram or fill the following form and we will get back to you as soon as possible:

Mobile: +971- 050-7948028

 

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VAT and Excise Tax voluntary disclosure service - Sharjah - UAE Auditors

VAT and Excise Tax voluntary disclosure service

VAT and Excise Tax voluntary disclosure service is a service related to filing the form provided by the Federal Tax Authority (“FTA”) pursuant to which the Taxpayer notifies the FTA of an error or omission in a Tax Return, Tax Assessment or Tax Refund application.

Abdelhamid & Co Certified Public Accountants can help you in the submission of the Voluntary Disclosure Form to the FTA. This would, in general, be in cases where a taxpayer becomes aware of an error or omission in a Tax Return, Tax Assessment or Tax Refund application, as below:

  • If you become aware that a Tax Return submitted by you to the FTA or a Tax Assessment sent to you by the FTA is incorrect, which resulted in a calculation of the Payable Tax according to the Tax Law being less than it should have been, you must submit a Voluntary Disclosure to correct such error.
  • If you become aware that a Tax refund application that you have submitted to the FTA is incorrect, which resulted in calculating the refund amount to which you are entitled according to the Tax Law, being more than it should have been, you must submit a Voluntary Disclosure to correct such error.
  • If you become aware that a Tax Return submitted by you to the FTA or a Tax Assessment sent to you by the FTA is incorrect, which resulted in a calculation of the Payable Tax according to the Tax Law being more than it should have been, you may submit a Voluntary Disclosure to correct such error.
  • If you become aware that a Tax refund application that you have submitted to the FTA is incorrect, which resulted in calculating the refund amount to which you are entitled according to the Tax Law, being less than it should have been, you may submit a Voluntary Disclosure to correct such error.

 

For any inquiries you can chat with us using WhatsApp or Telegram or fill the following form and we will get back to you as soon as possible:

Mobile: +971- 050-7948028

 

 [No form id or name provided!]

 
 

VAT and Excise Tax return filing service - Sharjah - UAE Auditors

VAT and Excise Tax return filing service

According to the UAE legislations and regulations related to VAT and Excise tax, the Taxable Person should complet the submission of the tax return to the Federal Tax Authority (“FTA”) at regular intervals detailing any output tax due and input tax recoverable and including any other information that is required to be provided.

All VAT Returns  should  be  submitted  online  using  the  FTA  portal.  The  return  can  be submitted by the Taxable Person, or another person who has the right to do so on the Taxable Person’s behalf (for example, a Tax Agent or a Legal Representative)

Abdelhamid & Co Certified Public Accountants & Auditors will help you to report the following:

  1. Supplies of goods and services made which are subject to the standard rate of VAT per Emirate;
  2. Tax  refunds  you  have  provided  to  tourists  under  the  Tax  Refunds  for Tourists Scheme, if you are a retailer and provide tax refunds to tourists in the UAE under the official tourists refund scheme;
  3. Supplies of goods and services received by the Taxable Person which are subject to the reverse charge provisions;
  4. Supplies of goods and services made which are subject to the zero rate of VAT;
  5. Supplies made which are exempt from VAT;
  6. Goods imported into the UAE and have been declared through UAE customs; and
  7. Where  applicable,  adjustments  to  goods  imported  into  the  UAE  and which have been declared through UAE Customs
  8. Excise declarations forms (requiring customs clearance) for importing excisable goods and releasing excisable goods from Designated Zones.
  9. Excise liability forms once a month for tax Liability on the production of excisable goods and releasing excisable goods from Designated Zones without Customs clearance
  10. Excise  Tax  due  on  stockpiling  of  excise  goods
  11. Deductible Excise Tax

 

For any inquiries you can chat with us using WhatsApp or Telegram or fill the following form and we will get back to you as soon as possible:

Mobile: +971- 050-7948028

 

 [No form id or name provided!]

VAT refund for building new residences by UAE Nationals - Sharjah - UAE Auditors

VAT refund for building new residences by UAE Nationals

Where a UAE National owns or acquires land in the UAE on which they build or commission the construction of his / her own residence, he / she shall be entitled to make a claim to the FTA to refund the VAT on the expenses incurred on the construction of the residence, subject to certain conditions as detailed in Article (66) of Cabinet Decision No (52) of 2017 on the Executive Regulation of the Federal Decree – Law No. 8 of 2017 on Value Added Tax.

Abdelhamid & Co Certified Public Accountants & Auditors can help you in submission of (the Refund Form)  to the FTA  along with supporting documentation. The Refund Form requests details including those of the applicant and property. The application will be reviewed by the FTA to check the eligibility of the claim. A reference number will be provided if the applicant is eligible for a refund.

For any inquiries you can chat with us using WhatsApp or Telegram or fill the following form and we will get back to you as soon as possible:

Mobile: +971- 050-7948028

 

 [No form id or name provided!]