About Us
Alliance CA offers specialized services in navigating VAT clarification and exemption processes in the UAE. With the Federal Tax Authority’s (FTA) provisions for technical clarifications and exemptions, Alliance CA assists taxpayers in understanding complex VAT laws and in applying for waivers from specific statutory requirements. Our expertise lies in preparing compelling explanations or exemption appeals and supporting documentation to strengthen your application. Whether it’s handling partial exemptions, proportional allocation of input tax, or navigating the intricacies of backdated administrative exemptions, Alliance CA is your trusted partner in achieving VAT compliance and optimizing your tax position.
Understanding VAT Input Tax Recovery
for Taxable and Exempt Supplies
When a person who is registered for VAT imposes input tax on the business expenditures that they pay, this tax can be reclaimed in its whole if it corresponds to a taxable supply that the qualified person has made or intends to make in the future. On the other hand, if the expense was incurred in connection with a non-taxable supply, such as exempt supplies, the registered person is not eligible to recoup the input tax that they paid.
In some instances, a single expense can have implications for both taxable and non-taxable supplies that a registered person has provided to customers. Under these conditions, the person who is registered would be required to divide the input tax they have paid between the taxable and the non-taxable (exempt) supplies.
Why Choose
Alliance CA
Choose Alliance CA for unparalleled expertise and personalized support in navigating VAT compliance and optimization in the UAE. Our dedicated team excels in providing clarification and exemption services, ensuring your business navigates the complex VAT landscape with confidence. With a deep understanding of Federal Tax Authority regulations and a commitment to your business’s success, Alliance CA offers strategic guidance, preparation of exemption appeals, and comprehensive support in all VAT-related matters. Partner with us for tailored solutions that protect and enhance your financial position, making complex VAT compliance straightforward and manageable.
Frequently asked questions
External audits include financial statements audits, operational audits, and compliance audits.
A qualified audit report certifies financial statements reflect a true and fair view. An unqualified audit report states that the financial statements reflect a true and fair view without any limitations.
Businesses registered under the trade-free zones hold trade licenses that require annual financial statements to be audited at the time of renewal.
Yes, external auditors can rely on internal audits.
Internal auditors are hired by the firm as employees to oversee the accounting and auditing services required by a company on a day-to-day basis. External auditors are independent and are hired as consultants.
External auditors double-check the same records that internal auditors work on to ensure quality control of internal audits.