VAT & Excise Services

VAT (Value Added Tax) is a general consumption tax that is collected based on the increase in business transactions and value of a product or service at each stage of production. It is usually implemented in various transactions, and the tax rate is based on the location of the customer. VAT is calculated at every stage of the transaction or payments and mostly on goods and services.

A principle agreement was earlier reached amongst GCC (Gulf Co-operation Council) countries to implement GCC VAT.  VAT is seen in UAE is a strategic way to reduce their dependence on oil and other hydrocarbon products as a source of revenue. With VAT taking effect from January 2018, all business entities have been mandated to comply with the UAE’s new VAT policy on or before the stipulated date.

VAT & Excise Registration

Companies and individuals in UAE with an annual turnover of more than AED 375,000 have been mandated to register for VAT before 31 December 2017. At Marshal & Associates, we provide complete guidelines for businesses and individuals to proceed with their registration without errors.

Opening Financials for VAT

Businesses are expected to make changes to their core operations and financial practices to cope with the UAE VAT ecosystem. The administrative and compliance requirements of VAT will incur cost and resource allocation.

VAT & Excise Accounting

To get your business to comply with VAT & Excise Accounting rules, while you operate without any hassles, our experienced team at Marshal & Associates will assist you in understanding the implications of the UAE VAT.

VAT & Excise Auditing

Our VAT experts will provide Excise auditing services to verify your company’s compliance with the UAE VAT law, regulations and policies.

VAT & Excise Return Filing

Here at Marshal & Associates, we strive to offer our clients the best advice on VAT filing. Our professional team understand VAT and its impact on your business and will assist you with the registration.

Compliance Advisory & Training

We understand the challenges you might face from the implementation of the new U.A.E VAT Tax requirements. Our training is designed to provide comprehensive knowledge and understanding that enables you to meet up with the VAT law.

Monthly Retainership

The monthly retainership is covered by VAT services and would be delivered by our team of passionate and professional VAT consultants.

To avoid any penalties that may arise from noncompliance with the UAE VAT law, we at Marshal & Associates are knowledgeable and experienced to help you through all the processes. Contact us today!