Call: +971 2 6650 818
Al Ameen Tax consultancy is a specialized professional accounting and tax consultancy firm. Our firm provides a variety of tax consulting to individuals and business to get them compliant with the laws applies to them. Our firm formed to provide consulting services and to be the choice of Accounting, and tax advisory.
Through a strategy consulting and client business analysis, we grow client's business operations solutions. We continually position ourselves to be service driven to clients’ needs to keep a continuous long relationship by striving to provide our clients full services from accounting, tax and business advisory requirements.
Any business that is required to be registered for VAT and charge VAT from 1 January 2018 must be registered prior to that date. 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.
Businesses will be required to keep records which will enable the Federal Tax Authority to identify the details of the business activities and review transactions. The specifics regarding the documents which will be required and the time period for keeping them will be stated in the relevant legislation.
Hotline: +971 50 130 7677