About Us
At Alliance Chartered Accountants, we are dedicated to providing exceptional accounting and financial services tailored to meet the diverse needs of our clients in Dubai and beyond. With a team of highly skilled professionals, we offer comprehensive solutions to businesses of all sizes, from startups to established enterprises. Our commitment to excellence, integrity, and innovation sets us apart, ensuring that our clients receive the highest level of service and support. From tax consulting and VAT registration to auditing and financial reporting, we are your trusted partner for all your accounting needs. Experience the difference with Alliance Chartered Accountants – your pathway to financial success.
Importance of VAT registration
Some business owners believe paying tax to be an expense, however, registering for VAT may give various benefits. Customers are more inclined to prefer a company that has enrolled for VAT than one that does not. Tax evasion is sometimes considered a crime, and if the firm is proven guilty, it may face severe financial penalties. Registering your business for VAT in Dubai may prevent these situations and guarantee that your firm survives. It should be underlined, however, that the VAT is not intended to burden enterprises. VAT refunds are available in certain instances.
Who is obliged to register for VAT?
Businesses in the UAE must register for VAT based on specific criteria. Mandatory registration applies to firms with annual revenues exceeding AED 375,000, or expecting taxable deliveries surpassing the registration threshold in the next 30 days. Voluntary registration is an option for businesses with annual revenues between AED 187,500 and AED 375,000, or taxable expenditures exceeding the voluntary registration level in the previous 12 months. Failure to register for VAT prohibits businesses from charging VAT on sales or claiming Input VAT on purchases.
Why Choose
Alliance CA
Alliance CA specializes in VAT registration services, offering unparalleled expertise in navigating local tax laws and procedures. With our comprehensive range of VAT services, including registration, compliance, and modification, we guarantee timely submissions and adherence to Federal Tax Authority (FTA) regulations. Trust Alliance CA for reliable, professional, and personalized VAT support tailored to your business needs.
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.