VAT Services in ADGM

VAT in ADGM is fundamental for business fiscal responsibility. Complying with taxation regulations, it contributes significantly to economic stability and revenue generation, fostering a financially sound environment in this esteemed business jurisdiction.

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Let MS empower your business in ADGM

Mohammad Shafeek

Founder & Group CEO, MS

Let MS empower your business in ADGM

Confidence in the 5% Landscape

In ADGM, Value Added Tax (VAT) serves as a crucial element of fiscal responsibility, demonstrating strict adherence to tax regulations. This strategic approach is vital for enhancing the economic strength and stability of this prominent business jurisdiction. The systematic application of VAT is key to generating revenue, fostering a sustainable economic environment, and maintaining financial integrity within ADGM. Beyond ensuring that businesses meet taxation standards, VAT plays an important role in supporting government initiatives and enabling continuous investments in infrastructure, services, and community development. As a financial tool, VAT reflects ADGM's commitment to economic excellence and reinforces its status as a thriving and responsible financial hub on the global stage.

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Are you in a hurry? reach us on +971 2 309 3344 or [email protected]

What is Input VAT and how does Input VAT Recovery work in the UAE?

What VAT rates and exemptions are applicable in the UAE?

Steps to Recover Input VAT in the UAE

Confirm your business is registered as a taxable person under UAE VAT regulations and that purchases are used for taxable supplies.

Keep valid VAT invoices showing the supplier’s VAT details, description of goods/services, taxable value, and VAT amount.

Review invoices to determine and calculate the VAT amount or use a spend management system for automation.

File your VAT Return within 28 days of the tax period end, detailing taxable supplies, output VAT, and input tax paid; refunds are issued to your bank account by the FTA.

Claim input VAT in your first return with a valid tax invoice and payment intent within six months.

Use the FTA’s ‘Voluntary Disclosure’ to amend errors in VAT returns by submitting an online correction form.

Ensure purchases are for taxable sales, request detailed tax invoices, and settle invoices within six months.

Why MS
VAT Services for ADGM entities

As a financial companion for VAT Services in ADGM, MS helps to reduce the complications in taxation by completely adhering to regulations. Our expert team at MS is committed to transforming VAT processes into a collaborative journey. Choose MS for VAT services that go beyond numbers, fostering a connection that understands and supports the unique narrative of your business in the vibrant ADGM business community.

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Customer Support

+971 48357270

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Reach out to us for all your queries. Assuring you a best solution
from the most energetic team at MS.

Frequently Asked Questions (FAQ)

What is VAT, and why is it relevant to ADGM companies?

VAT (Value Added Tax) is a consumption tax applied to the supply of goods and services. ADGM companies are subject to VAT in the UAE, and compliance is crucial to meet legal requirements and avoid penalties.

How can ADGM companies ensure they are VAT-compliant?

Our team provides ongoing support, conducting periodic reviews to ensure compliance, updating businesses on regulatory changes, and offering guidance on best practices.

What is the current VAT rate in the UAE?

As of the last update, the standard VAT rate in the UAE is 5%.

How does VAT registration for ADGM companies work?

ADGM companies need to submit a VAT registration application through the Federal Tax Authority (FTA) portal. Our team can assist in preparing and submitting the necessary documentation.

What are the key VAT compliance requirements for ADGM businesses?

Compliance includes maintaining accurate records, issuing tax invoices, filing VAT returns, and ensuring timely payments. Our services cover these aspects to ensure smooth compliance.

Can you assist with VAT filing and reporting for ADGM companies?

Yes, we offer comprehensive VAT filing and reporting services, ensuring accurate and timely submissions to the FTA on behalf of ADGM companies.

Do all ADGM companies need to register for VAT?

Yes, businesses exceeding the mandatory registration threshold are required to register for VAT. Voluntary registration is also an option for companies that do not meet the mandatory threshold but wish to do so.

What are the penalties for non-compliance with VAT regulations in the UAE?

Non-compliance can lead to penalties, fines, and legal consequences. Our services aim to help ADGM companies avoid such issues by maintaining strict compliance with VAT regulations.

Can you assist with VAT recovery for ADGM companies?

Yes, we aid in VAT recovery, helping ADGM companies identify and reclaim eligible input tax, optimizing their VAT position.

How can ADGM companies benefit from outsourcing their VAT services?

Outsourcing VAT services ensure expertise, saves time and resources, reduces the risk of errors, and allows ADGM companies to focus on their core business activities.

Disclaimer: MS is a trading name of MS Corporate Services (DIFC) Limited, M S Global Solutions DMCC and M S Chartered Accountants LTD (ADGM). MS Corporate Services (DIFC) Limited is registered with the Dubai Financial Services Authority (Reg No: 9054) as DNFBP and is commercially licensed by the Dubai International Financial Centre Authority as a Corporate Services Provider. M S Global Solutions DMCC is licensed by Dubai Multi Commodities Centre Authority (Reg no: 873767) as a Corporate Services Provider and Management Consultant. M S Chartered Accountants LTD is licensed by ADGM Authority (Reg No: 000007218) for Management Consultancy, Tax Consultancy, Compliance Consultancy and Accounting Services.

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Level 1, Gate Avenue - South Zone
Dubai International Financial Centre (DIFC)
Dubai, UAE
Level 24, Tamouh Tower
Al Reem Island, ADGM
Abu Dhabi, UAE
Level 11, Fortune Tower
Dubai Multi Commodities Center (DMCC)
Jumeirah Lake Towers, Dubai, UAE
+971 2 3093 344
[email protected]