Registration is mandatory once taxable supplies and imports exceed the mandatory threshold set by the Federal Tax Authority, and voluntary registration is available above a lower threshold. We assess your position against the current thresholds and advise.
Late filing and late payment attract administrative penalties under the UAE tax penalty regime. Current penalty amounts are published by the Federal Tax Authority. Timely filing is the only reliable way to avoid them.
Answer directly once confirmed. Until confirmed, state that Baynex provides VAT advisory and preparation support and coordinates with registered Tax Agents where formal representation is required.
Yes, and they should be. Both derive from the same accounting records, and inconsistent treatment between the two is a common source of queries. We handle both from a single set of books.
Errors can generally be corrected through voluntary disclosure, and disclosing proactively is normally treated more favourably than an error found on review. We assess the position and prepare the disclosure.
