Escrow Consulting Group provides full spectrum taxation services to businesses. Our services include registration, computation, and submission of taxes.
Escrow Consulting Group is a leading accounting and bookkeeping service provider in Dubai that offers full-spectrum taxation services to businesses. Their services include registration, computation, and submission of taxes. In this article, we will discuss the importance of registration, computation, and submission of taxes for businesses and how Escrow Consulting Group can help you with these services.
Registration of Taxes Registration of taxes is the first step towards complying with tax laws in the UAE. It is mandatory for businesses whose taxable supplies and imports exceed AED 375,000 per annum to register for VAT . However, businesses whose supplies and imports exceed AED 187,500 per annum can also register for VAT voluntarily. Escrow Consulting Group can help you with VAT registration by ensuring that you meet all the necessary conditions and requirements.
Computation of Taxes Computation of taxes is a complex process that involves calculating the amount of tax payable by a business. VAT-registered businesses collect the amount on behalf of the government, and consumers bear the VAT in the form of a 5 percent increase in the cost of taxable goods and services they purchase in the UAE. UAE imposes VAT on tax-registered businesses at a rate of 5 percent on a taxable supply of goods or services at each step of the supply chain. Escrow Consulting Group’s team of expert accountants can help you with VAT computation by ensuring that your calculations are accurate and comply with tax laws.
Submission of Taxes Submission of taxes involves filing tax returns with the Federal Tax Authority (FTA) at the end of each tax period. A VAT return summarizes the value of the supplies and purchases a taxable person has made during the tax period and shows the taxable person’s VAT liability. Escrow Consulting Group can help you with submission of taxes by ensuring that your returns are filed accurately and on time.
In conclusion, registration, computation, and submission of taxes are essential for businesses to comply with tax laws in the UAE. Escrow Consulting Group offers expert accounting and bookkeeping services in Dubai, including full-spectrum taxation services to help you comply with tax laws accurately and efficiently.