Accounting & VAT

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In order for the business to proceed smoothly, there should be strict records of the invoices and transactions gone through the company. The accounts must include all the taxation and legalities rightfully executed on time. And that being one of the incentives, we at Avanz provide you with the fairest accounting and VAT services.

VAT came into play in UAE in January 2018  notifying the business owners to deliver a small percentage of their goods and services of their business to the government. Though it was not well received initially, largely due to plenty of confusion. But with mediators like us assisting in business setup and company formation that is no longer an issue.

Value Added Tax is an indirect consumption tax that is applied to any products and services which is later claimed by the government. It is basically an additional revenue used for the welfare of the community. VAT came into play for improving the public sector in UAE thereby requiring the investors to register officially for VAT. Neglecting this rule can result in fines and penalties and therefore we at Avanz Corporate solutions take the necessary precautions so that such a scenario does not occur for your business we help setup.

We take great pride in our Business setup and company formation services we provide and we make sure the accounting and VAT services are dealt through of professional staff who shall help you in providing the subsequent services that would be required by your company; 

  • Accounting and Bookkeeping
  • VAT registration
  • VAT return filing

As a part of working for company formation, we make sure that your business if necessary is registered under VAT and that the prices of the products that would be traded will have adequate change required.

A few elements that are crucial to be kept in mind are that not every company needs to pay VAT and it is only required to be paid by a business enterprise that has an import and export taxation above 375,000 AED. Even when your company does exceed there are exceptions to the goods and services that require VAT and with the help of our VAT specialists we make sure you don’t ever overpay.

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