Top VAT Consultants in Abu Dhabi [2024]

Ever since the inception of VAT (Value Added Tax in the UAE, businesses in Abu Dhabi have been dependent on professional support to ensure that they are following proper tax procedures and maintaining VAT compliance. Therefore, to seek assistance with VAT return filing, registration, audit, etc., businesses look for the best VAT consultants Abu Dhabi who can navigate them from the complexities of UAE’s VAT system and facilitate proper and structured implementation of VAT.

VAT (Value Added Tax): Brief overview

Introduced on 1 January 2018 in the UAE, VAT is an indirect tax levied on general goods and services. A VAT of 5% is imposed on goods at the point of sale and collected by the businesses on behalf of the government. The key purpose of introducing this tax was to generate a new source of income for the government so that they could utilize this money for high-quality public services. Moreover, it will help in reducing the economy’s dependence on oil and other hydrocarbons.

VAT Consultants Abu Dhabi: The Best in the City

Businesses that fail to comply with VAT rules in the UAE may be subject to heavy penalties. However, with the professional guidance and assistance of VAT consultants Abu Dhabi, they can deal with VAT bureaucracies on time. These consultancy firms handle everything related to VAT so that organizations can focus on their core business activities and make the right decisions in tax-related matters.

Therefore, it is vital to choose the right consultant who can help your business register on the UAE VAT system and diligently deal with VAT liabilities. Here, we have compiled a list of some of the top VAT consultants in Abu Dhabi that you can consider for your VAT responsibilities –

Hedge Accounting Solution

Hedge Accounting Solution is armed with a team of highly professional and talented chartered accountants, auditors, and tax consultants, which makes it one of the top accounting and audit firms in Abu Dhabi. They focus on providing tailored solutions to a wide range of businesses, from small to large enterprises.

Jaxa Chartered Accountants

Jaxa Chartered Accountants is an FTA-approved agency that is licensed by the Ministry of Economy in the UAE. Their comprehensive services include Tax Advisory, Accounting, & Auditing and Assurance Services. They commit to delivering reliable and tailored solutions to clients, thus adding value to their business.

Fast Track Accounting

Fast Track Accounting boasts of being one of the renowned auditing and accounting firms in the capital city. They have a team of experienced auditors who are dedicated to transforming organizations in running their financial operations and offering their expertise in accounting, auditing, and business consultancy, thereby improving the efficiency of business operations.

Assist Plus

Assist Plus holds expertise in providing a wide array of financial services to various industries. Their team has extensive knowledge and experience in corporate tax and thus offers tailored solutions that help improve the financial potential of the business and ensure adherence to all regulatory requirements.

HAAB Accounting Consultancy

HAAB Accounting Consultancy has a team of highly talented and dedicated professionals who have broad experience in delivering accounting, auditing, and bookkeeping services to businesses ranging from small and medium-sized enterprises to large corporations at competitive and affordable rates.

Caliber Accounting Solutions

Caliber Accounting Solutions is one of the leading consultancy firms in Abu Dhabi. Their range of professional services caters to all kinds of businesses. They hold expertise in delivering low-cost accounting and financial solutions while maintaining high professional standards and quality.

Alliott Hadi Shahid Chartered Accountants

Established in 1976, Alliott Hadi Shahid Chartered Accountants has been offering consultancy services to businesses in the UAE for years. Their major services include Accounting & bookkeeping, Audit & assurance, Business tax, Financial reviews, Payroll outsourcing, and Indirect tax & VAT services offered to various organizations in Abu Dhabi, Dubai, Sharjah, and Al Ain.

BMS Auditing

BMS Auditing is an international audit and accounting firm that delivers exceptional services in audit, accounting, tax, and financial advisory, tailored to meet the unique requirements of different business sectors. Through years of dedicated service, they have earned the reputation of being the most influential and leading VAT consultancy service providers with the highest standards of professional ethics and integrity.

Asad Abbas & co

Asad Abbas & Co has a group of highly skilled chartered accountants who possess expertise in audit, finance, accounting, and planning. Their team of Certified Public Accountants (CPA), Chartered Global Management Accountants (CGMA) & Certified Management Accountants (CMA) offer the best solutions to both domestic and international clients.

Level Financial LLC

Level Financial LLC has a team of highly trained & qualified accountants and auditors who offer customized services, advisory, and financial strategies suited to the needs of each individual client. Hence, companies in Abu Dhabi can leverage their expertise to take their business to the next level.

NAS Chartered Accountants

NAS Chartered Accountants is a premier accounting audit service-providing firm situated in Abu Dhabi. Their team of qualified and trained accountants and bookkeepers offer customized services to diverse clients, thereby ensuring focus on their core business financial aspects.

TRC PAMCO Middle East

TRC PAMCO works closely with clients to provide professional and reliable services relevant to their business. In fact, they have been delivering exemplary accounting and bookkeeping services and VAT consultancy to businesses for over a decade. In addition, they are also engaged in providing company formation and business setup services in Dubai and other Emirates in the UAE.

Benefits of hiring VAT consultancy Abu Dhabi

Partnering with VAT consultants Abu Dhabi can offer a range of benefits to the businesses, such as –

• Eliminates the risk of non-compliance and penalties
• Enhances VAT efficiency and cash flow
• Optimizes financial management
• Reduces the burden of intricate tax regulations
• Enables businesses to allocate resources effectively
• Provides businesses with peace of mind
• Ensures access to reliable advice and guidance
• Allows businesses to focus on their growth and development
• Helps businesses make informed decisions and strategies for VAT management
• Possesses in-depth knowledge of UAE VAT laws, regulations, and procedures
• Provides expert guidance on all aspects of VAT compliance
• Handles the intricate registration process
• Prepares timely and accurate VAT returns

Services offered by VAT consultants Abu Dhabi

VAT consultancy Abu Dhabi includes services in all aspects of VAT, such as –

• VAT advisory services – Relevant VAT advisory and suitable solutions according to the industry needs.
• VAT return filing services – Necessary guidance in filing the VAT returns, including reconciliation of input VAT and output VAT, computation of tax liability, and compliance of information with VAT law or other regulations.
• VAT registration – Independent examination of account books and various tax records to ensure proper compliance with tax laws and curtail illicit tax practices in the country.
• VAT deregistration – Effective VAT deregistration and smooth cancellation of the tax registration process within the given timeframe.
• VAT training – Customized and tailored training services to individuals or corporations on VAT laws and regulations.
• VAT transaction advisory – Guidance to businesses regarding specific industry transactions and keeping them acquainted with recent developments in VAT laws.

Shuraa Tax: Your Partner in Value-Added Tax

Shuraa Tax has been assisting clients in navigating the complexities of Value-Added Tax, helping businesses stay compliant with maximized tax efficiency.

Contact Shuraa Tax today and explore their varied VAT consultancy services that can help your business optimize its financial management in the UAE.