Value Added Tax (VAT) was implemented by the United Arab Emirates on 1 January 2018.

As VAT is a self-assessed consumption tax, businesses must exercise duty of care to ensure:

  • Understanding of VAT
  • Registration with the Federal Tax Authority – where required
  • Submission of complete and accurate VAT returns
  • Compliance through robust accounting systems and proper record keeping
  • Pricing transparency
  • Inclusion of VAT clauses in Contracts
  • Appropriate format of Invoices

By implementing effective and efficient corporate and transaction structures, businesses would be better able to manage Treasury Functions, understand VAT implications to Cash Flow, and rationalize Compliance Costs (staff, irrecoverable VAT, and advisors).

Sajjad Haider & Associates has engaged with its associate firm from the United Kingdom to leverage almost a half century of experience in indirect taxes.  This strategic alliance enables us to provide our clients with guidance on a new and now integral part of business by drawing on experience from a jurisdiction where VAT has been the norm for decades.

We are glad to have had the opportunity to present on VAT at the Dubai Land Department, the Dubai Creative Cluster, and the Accounting & Finance ME Show 2018.

We are pleased to support you through the transition to becoming VAT compliant and to assist you with VAT accounting, structuring and filing going forward.

For more information on how we can help you and a complimentary consultation, please contact Mr Adil Abbasion adil@sajjadhaider.com