Tax Agent & VAT Services

Tax Agent & VAT Services

Tax Agent and VAT Services :

AHG provides wide range of Tax Services in many regions through its presence in Cairo, Egypt – Dubai, UAE - Jeddah, KSA & Stuttgart – Germany and through its global partners network in more than 88 countries around the world.

AHG provides creative tax advice and services to a broad range of individuals and businesses. Our strong technical understanding of the tax laws is backed by a solid understanding of your business dynamics, with more than 28+ years of Practical Experiences, Dealing thousands of times with Tax Inspectors & our Multilingual team we can give you the best tax advice.

Our Tax Services Includes: 

- Tax Compliance Audit.

- VAT Services.

- Income Tax.

- Excise Tax.

- Estate, Gift & Inheritance Tax.

- Tax Implementation and effect.

- Tax Studies.

- Tax Disputes Resolution.

- CbCR (Country by Country Reporting)

Tax in UAE:

AHG provide special VAT services in the UAE as an Approved Tax Agency Number (TAN) 30003727 and with several Approved Tax Agents under AHG so we can provide our clients with the best advice.

AHG as an Approved Tax Agency in the FTA (Federal Tax Authority) can provide a wide range of Services in the UAE whether VAT or Excise Tax.

VAT

Effective Date: January 1st, 2018.

Value Added Tax is a tax on consumption levied at each stage of the supply chain and ultimately borne by the end consumer.

VAT is a transaction-based indirect tax which is levied at each step of the supply chain. End consumers generally bear the VAT cost while registered businesses collect and account for the tax, in a way acting as a tax collector on behalf of the Federal Tax Authority.

VAT is used in more than 180 countries around the world. All OECD countries except for the US have VAT (or a variation). While it feels exactly the same as a general sales tax to end-consumers, VAT is a more sophisticated tax and overcomes many challenges that affect the general sales tax.

How AHG can help you in the VAT?

Since AHG’s an Approved Tax Agency in the FTA of UAE we can provide all VAT Related Services which range from the Implementation and Tax Impact Tests, VAT Registration, Filing VAT Returns, Filing Voluntary Disclosures, Filing VAT Refunds, Representation in front of the Federal Tax Authority (FTA) of UAE in case of Tax Audits in addition to the VAT Consultancy Services and full Tax Agency Services.

Excise Tax

Effective Date: October 1st, 2017

Excise Tax is a form of indirect tax levied on specific goods. These goods are typically those that are harmful to human health or the environment.

In the UAE, Excise Tax is currently applied on the following goods:

- Tobacco Products (100% Tax)

Chewing Tobacco, Cigars, Cigarettes, Cigarette Rag, Expanded Tobacco, Hand Rolling Tobacco, Herbal Smoking Tobacco, Snuff, Reconstituted tobacco & electrically heated Tobacco and anything else falling under Schedule 24 of the GCC Common Customs Tariff.

- Carbonated Drinks (50% Tax)

This includes any aerated beverage and any concentrations, powder, gel, or extracts intended to be made into an aerated beverage. Unflavored aerated water is exempted.

- Energy Drinks (100% Tax)

Any beverages which are marketed, or sold as an energy drink, and contains stimulant substances that provide mental and physical stimulation or includes caffeine, taurine, ginseng and guarana, will fall in this category. Substances that have similar effects as the ones mentioned above and any concentrations, powder, gel or extracts intended to be made into an energy enhancing drink will also be levied tax.

- Sweetened Drinks (50% Tax)

Sweetened drinks that come under excise tax include any product to which a source of sugar or sweetener is added and is produced either as:

A ready to drink beverage or-

Concentrates, powders, gel, extracts or any other similar product that can be made into a sweetened drink

Source of sugar includes white sugar, soft white sugar, powdered sugar, soft brown sugar and glucose syrup. Whereas sweeteners include saccharin and its salts, aspartame, sorbitol, and neotame.

Sweetened drinks that are excluded from Excise Tax

- Ready to drink beverages that contain at least 75% milk or its substitutes

- Baby formula, follow up formula or baby food

- Handling of Foods for Special Medical Purposes

- Consumed for special dietary needs

- Beverages which include alcohol.

- Electronic Cigarettes and e-Liquids related to smoking devices (100% Tax)

Electronic smoking devices and tools shall include all electronic smoking devices and tools and the like, whether or not containing nicotine or tobacco. Which would be classified on import under Customs HS codes:- 85437031, 85437032, 85437039

All liquid used in electronic smoking devices and tools used in such devices even if they contain nicotine or not will be levied tax under Customs HS codes:-  38249999.Electronic smoking devices, liquids used in this devices and tools will be charged 100% tax.

The intent of Excise Tax is to reduce consumption of these commodities while also raising revenues for the government that can be spent on public services.

All businesses that import, produce or release excise goods from a designated zone must consider their registration requirements and compliance responsibilities related to filing and paying Excise Tax.

How AHG can help you in the Excise Tax?

Since AHG’s an Approved Tax Agency in the FTA of UAE and one of the leading Tax Agencies who is specialized in the Excise Tax, AHG’s Services range from Excise Tax Registration, Excise Tax Filing, Excise Tax Consultancy, Warehouse Keepers and Designated Zones Registration, Stock and Duty Calculation, Advice on Stockpilers, Tax Agent, Digital Tax Stamps Consultancy, Filing Disputes, Representation in front of the FTA of UAE.

Country by Country Reporting (CbCR) in UAE: 

Country by Country Reporting On 30 April 2019, the Cabinet Resolution No. 32 of 2019 was issued introducing the requirements on Country-by-Country Reporting (CbCR) in the United Arab Emirates. CbC Reporting is part of Action 13 of the Base Erosion and Profit Shifting (BEPS) initiative led by the Organization for Economic Co-operation and Development (OECD) and the Group of Twenty (G20) industrialized nations. BEPS Action 13 requires large Multinational Groups of Entities (MNEs) to file a CbC Report that should provide a breakdown of the Multinational Group’s global revenue, profit before tax, income tax accrued and some other indicators of economic activities for each jurisdiction in which the MNE operates. The purpose of CbC Reporting is to eliminate any gap in information between the taxpayers and tax administrations with regards to information on where the economic value is generated within the MNE Group and whether it matches where profits are allocated and taxes are paid on a global level. CbCR requirements are applicable to ‘financial reporting years’ starting on or after January 1st 2019. Accordingly, for the financial reporting year starting on January 1st 2019, the CbC report must be submitted latest by December 31st 2020. 

How AHG can help you in the CbCR?

AHG can help analyzing your requirement to file the CbCR, as well as Accounting Standards Migration to the Ultimate Parent Standards & Making Sure Transfer Pricing is applied properly through the related parties’ transactions, AHG can help you comply with the Ministry of Finance Regulations, call now to find out more.