Certified by the Federal Tax Authority in the UAE
MS PLUS is certified by the Federal Tax Authority in the UAE.
We provide consultation for services related to Excise, VAT also. We have established ourselves as one of the leading tax advisors in UAE.
Through our experience accumulated by working with wide network of clients that are built on trust and commitment, and throughout this period we kept a record free of professional mistake.
What is VAT?
Value Added Tax is a tax on consumption levied at each stage of the supply chain and ultimately borne by the end consumer.
VAT is a transaction-based indirect tax which is levied at each step of the supply chain. End consumers generally bear the VAT cost while registered businesses collect and account for the tax, in a way acting as a tax collector on behalf of the Federal Tax Authority.
Who can or will be able to register for VAT?
What is a Taxable Supply?
For the purposes of understanding whether a registration obligation exists, a taxable supply refers to a supply of goods or services made by a business in the UAE that may be taxed at a rate of either 5% or 0%. Imports are also taken into consideration for this purpose, if a supply of such goods or services would be taxable if made within the UAE.
TAX in Dubai
Excise Tax is a form of indirect tax levied on specific goods. These goods are typically those that are harmful to human health or the environment.
The UAE, Excise Tax is currently applied on the following goods:
The intent of Excise Tax is to reduce consumption of these commodities while also raising revenues for the government that can be spent on public services.
Which businesses must register for excise tax?
All businesses that import, produce or release excise goods from a designated zone must consider their registration requirements and compliance responsibilities related to filing and paying Excise Tax.
Double Taxation Agreements
Double taxation is defined when similar taxes are imposed in two countries on the same tax payer on the same tax base, which harmfully affects the exchange of goods, services and capital and technology transfer and trade across the border.
Public and private companies, investment firms, air transport firms and other companies operating in the UAE, as well as residents, benefit from Avoidance of Double Taxation Agreements (DTA). With the purpose of promoting its development goals, the UAE concluded 115 DTA to with most of its trade partners.
Tax Residency Certificate
A certificate issued by the FTA upon request to enable applicants to benefit from Double Tax Avoidance Agreements (DTAA) on income signed by the UAE. Commercial Activities Certificate: a certificate issued by the FTA to enable applicants to refund VAT paid outside the UAE, whether or not DTAAs are applicable.
Commercial Activities Certificate
A certificate issued by the FTA to enable applicants to refund VAT paid outside the UAE, whether or not DTAAs are applicable.
Fines removal requests
If you wish to submit a reconsideration application in relation to any decision made by the FTA, please contact us
Every Taxable Person is required to file a VAT return summarizing the VAT due to the FTA for the tax period. When the input tax is greater than output tax on a VAT return, the Taxable Person is able to request a VAT refund after submission of the VAT return or at any later time when there is a credit owed to them.
VAT REFUND FOR BUILDING NEW RESIDENCES BY UAE NATIONALS
Who is qualified?
The claim may only be made by a natural person who is a UAE National and can evidence this with supporting documentation (i.e. the Family Book). What is reclaimable?
In order for a refund claim to be considered by the FTA, it must meet the following conditions:
Expenses must relate to a newly constructed building which is to be used solely as a residence of the applicant and / or his / her family.
· Removable appliances
· Furniture such as sofas, tables, chairs etc.
· Landscaping, such as trees, grass and plants
· Swimming pools
· Central air conditioning and split units
· Fire alarms and smoke detectors;
· Flooring (excluding carpets)
· Kitchen sinks, work surfaces and fitted cupboards
· Sanitary units
· Shower units
· Window frames and glazing
· Wiring when embedded inside the structure of the building
When should you submit your application to the FTA?
The Refund Form must be sent to the FTA within 6 months from the date of completion of the newly built residence which is the earlier of the date: the residence becomes occupied or when it is certified as completed by a competent authority in the UAE (per the Building Completion Certificate).
What we provide?
VAT registration at UAE FTA & Issuing tax certificates.
VAT reporting and submitting your tax returns as per FTA requirements.
Taxation procedures follow-up.
Submitting VAT refunds requests.
Submitting VAT refunds requests.
Submit of requests for reconsideration and objections.
Issuing (Commercial Activity Certificate) for UAE residents.
Excise tax registration and issuing tax certificate.
Issuing tax (Residency Certificate).
With our expertise to interpret and implement VAT, we provide end to end VAT consultation along with hand-holding services to support the business organization for easy operation of a business.
360 Degree VAT Health Check
Through a hands-on approach, MS Plus – Tax Consultant in Dubai undertake 100% check of business transactions and reviews of the current practices, processes, through VAT Tax view point before filing of VAT Return or as per the time frame decided.
Why Choose Us?
Developing a thorough understanding of client expectations through interactive sessions
Deploying the suitable resources for realizing client objectives in an efficient manner
Seeking regular client feedback during fieldwork to ensure meeting client expectations
Ongoing contact with clients after submission to support and maintain a consistent vision