Accounting & Bookkeeping Services in UAE

With the introduction of VAT in the UAE, maintaining accurate accounting records has become mandatory for businesses operating in the country. Proper bookkeeping ensures compliance with tax regulations, supports financial transparency, and helps businesses make informed decisions. B2B Group of Consultants provides reliable accounting and bookkeeping services in the UAE for startups, SMEs, and established companies. Our services include transaction recording, invoicing support, ledger maintenance, financial reporting, and VAT documentation. We also coordinate with approved audit firms to arrange external audit reports at competitive fees, ensuring compliance with UAE regulations.

VAT Implementation in UAE

The UAE introduced Value Added Tax (VAT) at 5% effective 1 January 2018, as part of a GCC-wide tax framework. VAT applies to most goods and services at each stage of the supply chain.

Businesses are responsible for:

Maintaining proper financial records
Charging VAT on taxable supplies
Filing VAT returns on time
Remitting collected tax to the Federal Tax Authority

VAT Registration Threshold

Mandatory registration: Annual taxable supplies exceeding AED 375,000
Voluntary registration: Annual taxable supplies exceeding AED 187,500

Businesses must ensure accurate documentation of all transactions to remain compliant.

How VAT Works

VAT is collected at each stage of the supply chain. While the end consumer bears the cost, businesses act as intermediaries by collecting VAT from customers and paying it to the government.

Companies can also claim input VAT on eligible business expenses, reducing the net tax payable. The final tax liability reflects the value added at each stage of production or distribution.

Our Accounting & VAT Support Services

Bookkeeping and financial record maintenance
VAT registration and compliance
VAT return filing
Input and output VAT reconciliation
Audit coordination
Financial statement preparation

B2B Group of Consultants ensures your business remains compliant with UAE tax laws while maintaining accurate financial records.

What Should Companies Do Under VAT?

Businesses registered for VAT must comply with the following core requirements:

Charge VAT on taxable goods and services they supply.
Reclaim VAT paid on business-related goods or services (Input VAT), subject to eligibility.
Maintain proper business records that allow the government to verify compliance and accuracy.

If your business is VAT registered, you must report the VAT amount charged to customers and the VAT amount paid on business expenses on a regular basis.

This reporting is an official submission made online through the FTA portal.

How VAT Payment Works

If the VAT collected from customers (Output VAT) is more than the VAT paid on purchases (Input VAT), you must pay the difference to the government.
If the VAT paid on purchases is more than the VAT collected, you can reclaim the difference or carry it forward to the next tax period.

Accurate bookkeeping is essential to ensure correct reporting and avoid penalties.

What Does a Business Need to Do to Prepare for VAT?

Businesses are given time to prepare before VAT comes into effect or before their registration becomes mandatory.

To ensure full compliance, companies may need to make adjustments in:

Core business operations
Bookkeeping and accounting systems
Financial management processes
Human resources and payroll
IT systems and invoicing software

It is important for businesses to understand VAT implications early and align their internal processes with government reporting requirements once legislation is issued.

Ultimately, the final responsibility and accountability to comply with VAT laws lies with the company itself.

When Should Businesses Register for VAT?

Businesses that meet the VAT registration threshold must apply for registration within the required timeline.

Generally, eligible businesses are expected to register before exceeding the mandatory threshold, and registration can be done online through the FTA’s eServices portal.

Early registration ensures smooth compliance and avoids administrative penalties.

How Often Must VAT Returns Be Filed?

Registered businesses are required to submit VAT returns on a regular basis.

For most businesses in the UAE, the default VAT return filing period is quarterly (every three months). However, in some cases, businesses may be required to file monthly returns depending on their turnover and instructions from the FTA.

VAT returns must be submitted online via the eServices portal.

Timely filing and payment are crucial to avoid fines.

What Records Must Businesses Maintain, and for How Long?

Businesses must maintain records that allow authorities to:

Identify business activities
Review financial transactions
Verify VAT calculations
Confirm compliance with tax regulations

These records typically include:

Tax invoices issued and received
Credit and debit notes
Accounting books and ledgers
Import and export documents
VAT return copies

How B2B Group of Consultants can support?

B2B Group of Consultants provides professional VAT advisory and compliance support services in the UAE.

Our team of experienced accountants can assist with:

VAT Registration
VAT Return Filing & Submission
Accounting & Bookkeeping Services
Invoicing Assistance
VAT Compliance Review
Audit Report Preparation for License Renewals

We act as a single-window solution for all company compliance requirements in the UAE, ensuring your business remains fully aligned with VAT laws and government regulations.

If you are managing multiple companies or client accounts, structured VAT compliance becomes even more critical. Our experts ensure accurate reporting and smooth coordination with regulatory authorities.

For professional guidance and reliable VAT compliance support, connect with B2B Group of Consultants today.