The qualified VAT consultants in Sharjah advise on Reverse charge mechanism (RCM) and VAT regulations in Free zone areas and ensure the exporters and importers smooth operations to claim RCM.
The team of experts to analyse and resolve all the tax-related complexities with an in-depth examination of tax reports to meet all the tax difficulties.
The dedicated tax managers help all the tax inquiries with efficiency and clarity for tax compliance business practices after the thorough exploration of the query.
The professionals well acquainted with UAE and international tax rules and regulations demonstrate the best tax compliance reports for FTA-abiding business practices.
All VAT-registered entities in Sharjah shall charge VAT on taxable supplies that they make, reclaim for eligible input VAT recovery, maintain the records as required by the VAT law and ensure reporting of the transactions in their periodic VAT returns.
Any VAT registered entity shall issue a valid VAT invoice for its supplies made as per the format prescribed by the VAT regulation.
The financial services which are based on any fees, VAT shall be applicable whereas if those services are provided as margin-based products, then they are VAT exempt.
VAT returns shall be submitted by VAT registered entities/persons within 28 days after each tax period.
VAT registered entities/persons shall retain VAT invoices that are issued by them or received by them for a minimum period of five years.
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