How to Implement Vat?

  • Overview

Value Added Tax (VAT) in the UAE is a new concept in the region. VAT has become effective from 1st January 2018 at a standard rate of 5% or Zero rated as the case may be.

VAT is an indirect tax which is collected at each stage of production or sale and is also known as the consumption tax. VAT AT 5% is applicable on almost all the goods and services with just a few being Exempted & Zero Rated.


Steps to Implement Vat in Your Business:

  1. VAT Registration
  • Prepare all the information for the registration and verify it.
  • Register online for UAE VAT with Federal Tax Authority
  1. Understand the organization structure and transaction process
  • Provide initial training and awareness to the Management and employees.
  • Understand the organization structure.
  • Understand the business operations
  • Discussion for changes with IT, Accounts and all other relevant departments
  1. Analyse the impact of VAT on business
  • Analyse your financial statements and check the VAT impact for your business
  • Identify the specific issues in the software you are using.
  1. Manage the VAT Transition Process
  • First trail run to identify issues.
  • Final trial run to get ready for VAT compliance
  1. VAT Return Filing
  • Review of TAX invoices issued and received.
  • Review of TAX credit notes issued and received.
  • Reconciliation of ledgers and registers
  • Preparation of VAT returns
  • Preparation of VAT Audit File

AKW Tax Reclaim Accounting and Bookkeeping provides clients with a wide range of  Tax Services in accordance to their business needs in the Dubai, Abu Dhabi, Sharjah, Ajman, Fujairah, & Ras Al Khaimah. The Tax Team AKW is comprised of professionally equipped and qualified tax experts with relevant industry experience.

Our Tax Services:

  • -VAT Seminar and Workshops to the business owners, businesses & consultants.
  • -VAT Advisory Services
  • -VAT Implementation Services
  • -Accounting and Bookkeeping Services
  • -VAT Return Filing


Write to us at or call us at +971 563491978 for a free VAT Consultancy

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