US Champion tax services specializes in tax planning and preparation process for US citizens and legal permanent residents living abroad. Our professional team delivers a high quality of service by providing guidance and assistance in tax preparation in knowledgeable, reliable, prompt and efficient manner to achieve the highest level of satisfaction.
Us champion specializes in providing tailored and comprehensive financial advisory from feasibility studies, business plan, business valuation, financial and strategic analysis services. We aim to deliver the best result by understanding our client’s goal. Our team have an extensive financial experience and wide knowledge of market condition. We build a strong and long-lasting relationship with our clients based on trust and confidentiality.
Champion is a Value added Tax -VAT- consultancy firm in UAE that can help your business in getting ready for VAT implementation. Our firm will ensure that your company does not incur any penalties from improper compliance with the recent UAE tax law.
Champion is a leading tax firm. Our expert team will help your business get prepared for VAT and guide you to become compliant with the laws and regulations to avoid penalties.
UAE businesses must register for VAT by Dec 4, 2017
The UAE Federal tax authority announced that the deadline for registering the business for VAT will be based on sales turnover.
• Businesses with an annual turnover exceeding AED 10 million must apply for registration by 30 November 2017
• Remaining businesses with an annual turnover exceed the mandatory registration threshold (expected to be AED 375,000) must apply for registration by 4 December 2017
For company registration, some of the information will be:
• Turn Over information:
If the last 12 months’ turnover is less than the mandatory limit of AED 375,000, but the expected turnover within the next 30 days is more than AED375,000 business must register. Turn over proof is required to be uploaded at time of registration. Proof could be financial statement or forecast.
• Bank Information:
The applicant should fill the name of the bank, branch and the IBAN number of the UAE bank.
• Registering as Group:
If more than one company is managed by the same management and there is proof of relationship between the companies, such companies can choose the tax group registration option. In such cases, the transactions between the group companies will not be taxable,
Businesses should adapt their operating systems to the requirements of the VAT system.
Well trained staff who understand the classification of each item if 5%, zero rated or exempted category. When is the sale point, the place of supply. Proper execution of the VAT, client will be able to improve the cash flow of the company which is the primary goal.
Must understand the impact of the new system tax system on the ongoing business operations and ideology.
We have over 15 years experience providing expert financial advice.
Expert team of advisers are always here to help.
Our financial specialists ensure you get the optimum results.
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