TAXATION

Navigating the intricate landscape of taxes in the UAE requires the expertise of tax compliance services. These services delve into tax strategy and optimization, offering invaluable guidance on federal, state, and individual income tax returns and federal and state corporate tax returns.

Tax compliance services shed light on the implications of taxes, ensuring businesses and individuals understand their obligations and remain compliant with evolving tax regulations. In a world where tax laws are constantly changing, tax compliance services serve as essential guides, helping clients traverse the complexities of tax journeys while staying aligned with regulatory requirements.

With a deep understanding of ever-changing tax legislation, tax compliance services provide clients with comprehensive support, ensuring compliance with state and federal tax regulations even amidst complex financial circumstances, assisting clients in minimizing tax liabilities, and adapting to changing tax laws. As trusted partners, they empower businesses and individuals to make informed decisions regarding their tax strategies, enabling them to optimize their financial positions while staying compliant with the intricate tax landscape of the UAE.

OUR SERVICE OFFERINGS:

  • VAT advisory
  • VAT health check
  • VAT compliance (VAT return preparation and submission)
  • VAT audit support
  • VAT dispute resolution
  • Tax agency support
  • VAT due diligence review
  • VAT refund support
  • Preparation and submission of the voluntary disclosures
  • Preparation and submission of the VAT clarification requests to the Federal Tax Authorities
  • Preparation and submission of the VAT reconsideration requests to the Federal Tax Authorities

LEGAL COMPLIANCE

The Ministry of Finance (MOF) in the United Arab Emirates (UAE) introduced a new law under Federal Decree – Law No. (8) Of 2017, which is about the Value Added Tax (VAT) on products, services, and businesses, implemented from January 1st, 2018.

By engaging with expert and professional tax compliance services, companies fulfill their statutory obligations and pave the way for smoother financial operations, mitigating penalties and promoting responsibility and transparency in tax matters.

ADVANTAGES OF BEING TAX COMPLIANT

Tax compliance is crucial in today's business environment; it will help businesses grow and avoid fines or penalties caused by incorrectly managed or delayed taxation.

Upholding tax compliance standards demonstrates a commitment to regulatory adherence and signals reliability and trustworthiness to customers, suppliers, and stakeholders. By engaging professional tax compliance services, businesses can effectively manage their VAT return, safeguarding themselves against legal pitfalls while affirming their dedication to ethical business practices. This proactive approach shields enterprises from potential penalties and strengthens their standing in a competitive environment, fostering enduring relationships with key stakeholders and bolstering their brand image.

By enlisting professional assistance, companies meet their statutory obligations and fortify their financial frameworks against potential risks. Tax compliance services not only aid in navigating the complexities of tax laws but cultivate a culture of transparency and accountability within the organization. Through proactive engagement with tax compliance services, businesses can streamline their operations and ensure alignment with evolving regulatory landscapes, reinforcing their resilience in an ever-changing economic environment.

HOW EXCELLENCE CAN HELP

Excellence is one of the top VAT consultants in the UAE. Our guiding philosophy is empowering companies to uphold their legal obligations precisely, minimizing the risk of non-compliance. Through our comprehensive tax advisory and consultancy services, delivered by a team of seasoned experts well-versed in all aspects of taxation, we ensure that businesses stay abreast of evolving regulatory landscapes. As official VAT Advisors in DMCC and DIFC VAT CLINICS, we offer tailored guidance to navigate the intricate realm of tax compliance seamlessly.

Essentially, the strategic utilization of Excellence tax compliance services ensures regulatory conformity. It enhances organizational resilience and credibility, laying the foundation for sustained growth and success in an increasingly complex business landscape.

VAT REGISTRATION

VAT REGISTRATION
Vat Return filling Services

VAT RETURNS FILING SERVICES
VAT DEREGISTRATION

VAT DEREGISTRATION
EXCISE TAX REGISTRATION

EXCISE TAX REGISTRATION
ASSISTANCE ON ESR AND REPORTING

ASSISTANCE ON ESR AND REPORTING
TAX RESIDENCY / DOMICILE CERTIFICATE

TAX RESIDENCY / DOMICILE CERTIFICATE
VAT ADVISORY AND COMPLIANCE

VAT ADVISORY AND COMPLIANCE
VAT REFUND CLAIM SERVICES

VAT REFUND
CLAIM SERVICES
EXCISE TAX RETURNS

EXCISE TAX RETURNS
ESR ANNUAL REPORTING

ESR ANNUAL REPORTING
VOLUNTARY DISCLOSURE

VOLUNTARY DISCLOSURE
RECONSIDERATION FOR WAIVER

RECONSIDERATION FOR WAIVER
TRANSACTION ADVISORY ON VAT

TRANSACTION ADVISORY ON VAT
CUSTOM REGISTRATION AND RENEWALS

CUSTOM REGISTRATION AND RENEWALS
More Services

Get in Touch with us Today!
and Simplify Your Business with a Touch
of Excellence

OUR TEAM

DR. MANSOOR M.H. MULLA

DR. MANSOOR M.H. MULLA

DIRECTOR, AUTHORIZED SIGNATORY

MONIKA UMRANIYA

MONIKA UMRANIYA

SENIOR MANAGER - TAX & ADVISORY

AASIM AASI

AASIM AASI

SENIOR MANAGER - AUDIT & ASSURANCE

PURVAK UMRANIYA

PURVAK UMRANIYA

SENIOR MANAGER - ACCOUNTING/FINANCE

JAIDEEP JAYARAJ

JAIDEEP JAYARAJ

SENIOR MANAGER BUSINESS

ABDALLAH ACHLAIBOU

ABDALLAH ACHLAIBOU

MANAGER - BUSINESS CONSULTANT

IMTIAZ HUSSAIN

IMTIAZ HUSSAIN

SENIOR MANAGER - CORPORATE SERVICES

ROZEL DELOS REYES

ROZEL DELOS REYES

RELATIONSHIP MANAGER

SYED SAYEED ALAM

SYED SAYEED ALAM

MANAGER - BUSINESS DEVELOPMENT

APRIL DARYL

APRIL DARYL

MANAGER-BUSINESS CONSULTANT

ABDUL VASIH

ABDUL VASIH

SR. ACCOUNTANT

IRFANA ILLIYAS

IRFANA ILLIYAS

SR. ACCOUNTANT

JITHESH PRAKASH

JITHESH PRAKASH

SR. ACCOUNTANT

HUSAIN ADAM

HUSAIN ADAM

SR. ACCOUNTANT

AMALA JOSE

AMALA JOSE

SENIOR AUDITOR

SANDHRA PRADEEP

SANDHRA PRADEEP

SENIOR EXEC - TAX ADVISORY

MOHAMMED ANSHAD

MOHAMMED ANSHAD

ACCOUNTANT

POOJA S. DEV

POOJA S. DEV

ACCOUNTANT

SHAHEEN PARAKATTIL

SHAHEEN PARAKATTIL

BUSINESS DEVELOPMENT EXECUTIVE

VISHVA KAKAIYA

VISHVA KAKAIYA

SENIOR AUDITOR

VISHNU VIJAYAKUMAR

VISHNU VIJAYAKUMAR

BUSINESS CONSULTANT

CHARLAYE VARGAS

CHARLAYE VARGAS

SENIOR EXECUTIVE

JONAH BONDOC

JONAH BONDOC

ASSISTANT MANAGER - BUSINESS CONSULTANT

LILLYBEH UNTALAN

LILLYBEH UNTALAN

SERVICE COORDINATOR

FAUZIYA SHAIKH

FAUZIYA SHAIKH

ASSISTANT MANAGER - RELATIONSHIP

MUKTHA SETTYPALLI

MUKTHA SETTYPALLI

SERVICE COORDINATOR

JENELYN CONOPIO

JENELYN CONOPIO

SR. ADMIN EXECUTIVE

SHIELA MAE

SHIELA MAE

Service Coordinator

MAIRA ALCANO

MAIRA ALCANO

Receptionist

SISIRA KV

SISIRA KV

Accountant

SHABITH KONNARAM

SHABITH KONNARAM

Accountant

SARIKA JAGADISH

SARIKA JAGADISH

Accountant

MARIA VALERIO

MARIA VALERIO

SENIOR BUSINESS CONSULTANT

ILVIC FRONDOZA

ILVIC FRONDOZA

Service Coordinator

MOHAMMED ARFATH

MOHAMMED ARFATH

SENIOR EXCECUTIVE - MEDIA

OUR SUCCESS STORIES

AFFILIATION AND ACCREDITATIONS

Affiliation1 | Tax Compliance Services
Affiliation2 | Tax Compliance Services
Tax Compliance Services | VAT Consultants in DMCC
Tax Compliance Services | VAT Consultants in DMCC
Affiliation5 | Tax Compliance Services
Affiliation6 |Tax Compliance Services
Affiliation7 | Tax Compliance Services
Affiliation8 | Tax Compliance Services
Affiliation9 | Tax Compliance Services
Affiliation10 | Tax Compliance Services

EXCELLENCE VIDEOS

Frequently Asked Questions

Excellence group entity Mansoor Mulla Auditing of Accounts is Registered and Approved Auditors in DMCC, JAFZA, DIFC, DAFZA, DWC, DSO, SAIF Zone, Hamriyah Free Zone, DED, The Dubai Design District (D3),TECOM, Dubai Media City, and Dubai Internet City.

Yes, we are Approved by Ministry of Economy under registration no 843.

Yes, Our Reports are Widely Accepted with all the Major Banks in UAE.

We follow International Financial Reporting Standards (IFRS) for Auditing and International Accounting Standards Board (IASB) for Accounting.

BLOG

Registration timeline

Registration Timeline for Corporate Tax

March 14, 2024
Ministerial Decision

Ministerial Decision No. 82 of 2023: Specifying the categories

July 2, 2023
Amendments

Latest VAT Amendments to the UAE Federal Decree Law

March 24, 2023
Mandatory submission

DDA Mandatory Submission of Audit Reports

VAT REGISTRATION

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A business must apply for VAT registration if its taxable supplies and imports exceed AED 375,000 per annum. It is optional for businesses whose supplies and imports exceed AED 187,500 per annum to make a voluntary VAT registration. A business house pays the government, the tax that it collects from its customers. At the same time, it receives a refund from the government on tax that it has paid to its suppliers.

VAT consultants help the business owners with efficient tax planning which will help the entrepreneurs to control the tax outflow, and manage working capital. VAT consultants can guide the businesses mainly through VAT Advisory services and VAT Compliance services.

Excellence has a qualified team of VAT consultants who are equipped with local experience about VAT accounting, VAT filing, VAT refunds and all the other laws and regulations related to VAT in UAE.

VAT RETURNS FILING SERVICES

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VAT returns filing services. Companies are required to file returns periodically, our professional firm provides VAT return filing services as per UAE VAT laws. Initially, companies will be expected to file returns every quarter or monthly depending on Company’s turnover (first return period may differ though). VAT return is prepared on the basis of the documents available in the records or ledgers. VAT returns also form a basis for auditing and activities related to enforcement of VAT law.

The VAT return must be submitted not later than the 28th date of the month following the tax period specified by the tax authority. The taxable entity is also required to pay the due tax amount to the tax authority within the specified time period as per the VAT law applicable in the UAE. The time period for making payment to the tax authority with regards to VAT is 28 days after the specified tax period ends.

Our experienced Tax Consultancy Team is available at a call or email to serve you with our Professional Tax / VAT Consultancy Services in which we will perform your VAT returns filing and we can also help you implement VAT across your Organization. Contact our Experienced Professionals today for a consultation meeting.

VAT DEREGISTRATION

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VAT deregistration is a process where the registered companies are required to cancel their VAT registration with the FTA. The deregistration process becomes mandatory when the taxable company ceases its operations or the requirement of VAT registration is no longer needed.

The Federal Decree Law Number 8 of the United Arab Emirates (UAE) requires a registrant to apply for Tax De-registration if the following conditions are met:
  • If he stops making Taxable Supplies.
  • If the value of the Taxable Supplies which are made over a period of (12) consecutive months is less than the Voluntary VAT Registration Threshold and said Registrant does not anticipate that they’ll cross the Voluntary registration threshold during the coming 30-days.
The Registrant must apply to the Authority for VAT de-registration in accordance with the cases mentioned above, within (20) business days of the occurrence of any of them.

The Federal Tax Authority (FTA) shall accept a VAT Registrant’s application for Tax De-registration where the above two conditions are met. VAT De-Registration for VAT in the UAE is an online process which is accessible in the Federal Tax Authority’s online portal. Before proceeding for VAT De-registration, the applicant should consider various aspects such as turnover requirements or discontinuation of business etc. Reach out for your VAT de-registration requirements, our experts will guide you through the procedures and help you compile the necessary documents as sought by FTA.

EXCISE TAX REGISTRATION

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Every single business in the UAE that produces, imports, or stockpiles excise goods, or intends to do so, is necessary to register for the Federal Excise Tax UAE.
Excise goods with Tax Rates are the following:
  • Tobacco and tobacco products (100%).
  • Energy drinks (100%).
  • Carbonated drinks (50%).
Some will be required to register excise tax in UAE even when you are not a producer or importer of excise goods. The first one will be if you are a stockpiler of excise goods before the federal excise tax UAE introduction. The next will be if you are not registered for UAE Excise Tax but you are releasing excise goods from a Designated Zone. Taxable activities cannot be carried out by any business unless it has been registered for Excise Tax.

ASSISTANCE ON ESR AND REPORTING

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Under the previous regulations, UAE based entities were required to file the Notification and Economic Substance Report with their Regulatory Authority, such as the relevant free zone authorities or the Ministry of Economy for UAE mainland companies. The ESR Notification is the first step for Licensees to comply with ESR obligations and serves as the self-declaration of whether Relevant Activities are performed in the UAE. The Substance Report is then applicable to Licensees conducting a relevant Activity and generating income for such Relevant Activity.

In case of non-compliance following are the prescribed penalties:
  • Failure to submit the ESR notification: AED 20,000
  • Failure to submit the Economic Substance Report: AED 50,000
We provide full assistance on complying with ESR Dubai regulations and timely reporting in order to avoid the penalty.

TAX RESIDENCY / DOMICILE CERTIFICATE

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Tax residency certificates also known as Tax domicile certificate are issued by The Federal Tax Authority, Government of UAE, as per the provisions of avoidance of double taxation agreements. According to Cabinet Resolution No. (65) Of 2020, from 14 November 2020, Tax Residency Certificate / Tax Domicile Certificate shall be issued by the Federal Tax Authorities (‘FTA’) on an application made by the resident (Individual or incorporated entity) of UAE. In order for a company to apply for the TRC, then they should be operating in the UAE for minimum one year.

Our experienced and qualified professionals can support and guide you in the verification of the documentation required and obtaining the Tax Residency Certificate or Tax Domicile Certificate hassle free.

VAT ADVISORY AND COMPLIANCE

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Coordinating VAT laws and regulations can be challenging. It will require guidance and support from a business perspective, considering the VAT impact as well.

Excellence provides client-focused advisory services on matters related to VAT. Our dedicated, professional team of VAT experts will provide a wide range of services, like health check review, relevant VAT advice and will assist you on a variety of issues, including all aspects of VAT compliance.

VAT REFUND CLAIM SERVICES

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All the registered business are required to file a VAT return furnishing the details of sales, purchases output VAT and input VAT paid during the tax period. Here, the output VAT is the amount which is collected on sales and Input VAT is the amount which is paid to the supplier towards purchases / expenses. The eligible input VAT amount will be allowed to be adjusted with the output VAT amount. After adjusting the output VAT and Input VAT, the result will lead to one of the following situations.

VAT Payable: If output VAT amount is higher than the Input VAT, the balance will be VAT payable which needs to be paid to FTA.

VAT Refundable: If output VAT is lesser than the input VAT amount, the excess balance will be VAT refundable.

EXCISE TAX RETURNS

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An excise tax return is a record of the excise paid during each tax period. Businesses should file returns for excise tax online using the FTA portal — manual returns are not accepted. The online return form is available in both English and Arabic.

ESR ANNUAL REPORTING

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The businesses that are within the scope of the ESR UAE, must prepare to implement strategies for the annual UAE ESR notification and reporting. They also need to meet the requirements for the UAE Economic Substance Test for which professional guidance of reputed ESR services firms in Dubai, UAE can be availed. The companies are still in dark over the requirements for satisfying the Economic Substance Test and our company will act as a comprehensive guide on the ESR Test Requirements.

VOLUNTARY DISCLOSURE

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A Voluntary Disclosure is a form (VAT Form 211) provided by the Federal Tax Authority (FTA) which enables the taxpayers to voluntarily notify the FTA about the error or omission in a previous Tax Return, Tax Assessment or Tax Refund application. At Excellence we can assist on submission of Voluntary disclosure form on FTA portal.

RECONSIDERATION FOR WAIVER

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Any person who is liable for penalty can file an application for Reconsideration with the Federal Tax Authority (FTA) if they are not satisfied with the decision. Now, the FTA follows a favourable approach for penalty payers and will review its own decision on the application for Reconsideration. At Excellence we can assist for the filing reconsideration request against any penalty.

TRANSACTION ADVISORY ON VAT

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VAT Transaction advisory services are all about guiding an entity about specific transactions. It is more useful when the entity has complex transactions with multi products, services, multi geographical locations, branches etc. VAT Transactional Advisory services can minimize the efforts of the entities by timely identifying the VAT compliance, can help in tax planning & complying with other procedural changes. If client know everything about a particular transaction at the starting point, then it will be helpful for business in making the decision that whether to enter in the transaction or no. At Excellence our professional team can help clients with VAT transaction advisory services.

CUSTOM REGISTRATION AND RENEWALS

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In UAE Companies are required to have a valid trade licence and need to obtain a Code of Clearance from the Customs department, to register their import and export activities in the UAE. At Excellence our team of qualified experts can assist you in this initiation process. Our team of experts can help you file all the necessary documents required to be submitted along with the application. We further assist you in the renewal of the Customs Code every year.
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