VAT (Value Added Tax) is getting charged in more than 150 countries in the world. UAE Government is under Process to implement VAT from 1st January 2018. Almost all Business Entities will be coming under VAT.

Each VAT registered Business need to charge VAT for their services or product from the customer on behalf of Government. So each Business Entity needs to compliant with a proper accounting system for the VAT.

According to the Ministry of Finance, businesses may need to change their core operations, financial management and book-keeping, technology and human resource mix in order to prepare for VAT. “It is essential that businesses try to understand the implications of VAT now and once the legislation is issued, make every effort to align their business model to government reporting and compliance requirements.” Businesses are also strongly advised to ensure that in all the commercial contracts they enter into, they include a clause that spells out that the VAT burden can be passed on to the consumer.

CA charted firm in dubai

Elevate Auditing Team is ready to help for VAT registration, VAT filing & Accounting to compliant with VAT.

Where VAT will increase the Cost of Living in UAE, we will recommend Business Entities to outsource their Accounting to Elevate Auditing for a hassle free & cost effective solution.

For any queries, you can write to us …[email protected]

TRC/TDC

At Elevate Auditing we completely assist our clients to have a Tax Residency Certificate. As an Auditing company, our Audit Report is accepted by the Ministry of Finance for a TRC.

A certificate issued for eligible government entities, companies and individuals to take advantage of agreements of double taxation avoidance on income signed by the UAE

For Tax Domicile Certificate (Individuals)

  • Copy of the passport.
  • Copy of valid Residential ID.
  • A certified copy of (residential) lease agreement.
  • Source of income/Salary certificate.
  • A validated 6-month bank statement
  • Tax forms (if any) from the country in which the certificate is to be submitted.
  • A report from the General Directorate of Residency and Foreigners Affairs specifying the number of days the resident has stayed in the UAE.

For Tax Domicile Certificate (Companies).

  • A copy of the trade license and partners’ attachment.
  • Establishment contract certified by official authorities (if it is not a Sole Company).
  • A copy of the company’s owners/partners/directors’ passports
  • A copy of the company’s owners/partners/directors’ IDs
  • A copy of the company’s owners/partners/directors’ permits of residence
  • A certified copy of the audited financial accounts
  • A validated 6-month bank statement
  • A certified copy of the lease agreement.
  • Tax forms (if any) from the country in which the certificate is to be submitted.