Professional Tax Services
TAX SERVICES
Tax and VAT is a part of everyone’s life and is something all our clients must consider whether they are a business or individual. At Le Supreme Experts we have an experienced tax department which guarantees continuity, experience, and results.
Our experienced team has extensive knowledge to support businesses in a variety of sectors and work closely with our clients to plan for the present and the future. Whilst minimizing tax liabilities is important, we consider the wider picture and look at tax planning issues alongside commercial reality and the practicalities of life.
VAT UNITED ARABAB EMIRATES & UK
Value Added Tax (or VAT) is an indirect tax. Occasionally, it might be referred to as a type of general consumption tax. In a country which has a VAT, it is imposed on most supplies of goods and services. It is one of the most common types of consumption tax found around the world. Over 150 countries have implemented VAT (or its equivalent, Goods and Services Tax), including all 29 European Union (EU) members, Canada, New Zealand, Australia, Singapore and Malaysia. It was introduced across the UAE on 1st January 2018 at a standard rate of 5%. A business must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000.
Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold but exceed the voluntary registration threshold of AED 187,500. Similarly, a business may register voluntarily if their expenses exceed the voluntary registration threshold. This latter opportunity to register voluntarily is designed to enable start-up businesses with no turnover to register for VAT.
Our professional VAT consultants offer the following specialized service for UAE and UK.
VAT Registration
We help businesses register for VAT seamlessly.
VAT Group Registration
Group VAT registration for multi-branch businesses.
VAT Deregistration
Assistance in VAT cancellation for businesses.
VAT Return Filing
Ensure timely and accurate VAT return filings.
VAT Health Check
Comprehensive review of your VAT compliance.
VAT Assessment
Evaluate and optimize your VAT structure.
VAT Advisory Services
Expert consultation for VAT-related queries.
VAT Refund Processing
Claim VAT refunds efficiently with our help.
VAT Penalty Reconsideration
Assistance in VAT penalty appeals.