From August 30, a specialized "RCM on electronic devices" has been implemented in the UAE. This applies to products like mobile phones, smartphones, computers, tablets, and their associated spare parts. When the buyer intends to resell or use these spare parts for manufacturing purposes, the supplier will not levy VAT.

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Under this mechanism of reverse charge for electronic devices,the recipient of these electronic devices is required to furnish the supplier with a written declaration outlining their intent to resell or use the spare parts for manufacturing. This declaration should include information about the recipient's VAT registration status with the Federal Tax Authority (FTA). This mechanism is designed to reduce the imposition of taxes at multiple stages, except for the end user. For tax-related assistance in the UAE, AKW consultants offer a dependable solution.

Value Added Tax (VAT) is a tax applied to the purchase of goods and services and it is collected by the end retailer. As a leading VAT consultancy in Dubai, we offer a comprehensive VAT compliance process to support businesses and individuals in meeting their VAT obligations effectively.Our VAT compliance process begins with the implementation phase, which includes a half-day training session designed to familiarize our accounting and tax clients with the VAT system and the relevant legal aspects. This training empowers our clients to navigate VAT requirements with confidence.

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We also provide essential services such as VAT health checks and assistance with the reclamation of tax refunds, catering to both U.S. companies and individuals. In addition to these core services, we extend our expertise to assist in tax audits, evaluate the impact of VAT on your specific circumstances, and provide tailored advice to minimize tax liabilities and optimize VAT strategies. If you are looking for VAT consultant in Dubai, contact us at +971 54 582 1550.

Upholding integrity and navigating regulatory landscapes demand expertise and diligence. At AKW Consultants, we excel in compliance, risk management, and governance, serving as your trusted partner in regulatory compliance. As one of the top anti-money laundering consultants in the UAE, we specialize in serving Designated Non-Financial Businesses and Professions (DNFBPs). We empower your compliance team through interactive workshops and real-life scenario training, enabling them to effectively handle daily compliance tasks and overcome challenges. We validate compliance with regulatory standards by conducting thorough audits of transactions, customer records, and AML controls. Our comprehensive AML reviews provide actionable recommendations to enhance your anti-money laundering practices and ensure adherence to regulations.

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Ensure your business meets UAE's AML standards.

Arabian Wingz offers expert Anti-Money Laundering consulting to keep your operations fully compliant and risk-free.

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