info@datalive.com
VAT Consultation Services

we are committed to provide the best VAT Consultancy Service in the UAE to the clients in compliance with the rules and regulations of VAT in UAE through their professional experience in Taxation matters.

Accounting and Book keeping Services

Empowering entrepreneurs by giving them financial clarity and direction via our accounting outsourcing services with timely and accurate financial reports to make timely and informed strategic business decisions.

MIS Reporting & Compliance Review

Accounts is considered as blood for any business and we help businesses to keep a track of all reports for the management to evaluate the position of business at any given point of time and accelerate as required

Who We Are

We are a Dubai-based accounting and bookkeeping firm, providing value through high quality financial services, enabling our clients to gain a clear strategic and competitive advantage, while at all times maintaining ethics of the highest order.

Executives are facing more complex issues than ever before and have to respond to a greater number of constituents in a shorter time frame. Xcel Accounting, through two of its key services accounting outsourcing and bookkeeping, brings an unique and more comprehensive way of looking at every issue and understands the broader implications of each business decision.

The DATA LIVE Story (About Us)

DATA LIVE, the brand name of our organization DATA LIVE Accounting & Book Keeping is a firm of experienced Accountants, established in Dubai as an Accounting and Bookkeeping firm, providing various services to clients in the Fields of Accounting, Auditing and Tax Management Consultancy.

We are committed to provide the best accounting service possible on a timely basis with personal service to each client, helping them with their plans and being available to help and solve simple as well as complex problems.

Our services

More than 11 years of experience in finance and accounting with an extensive experience in consultancy and industry our team offers services of the highest quality education & professional credentials.

VAT Consultation Services

We are committed to provide the best VAT Consultancy Service in the UAE to the clients in compliance with the rules and regulations of VAT in UAE through their professional experience in Taxation matters.

VAT REGISTRATION

We are happy to discuss about VAT registration requirements, no matter how complex your situation is, and our considerable experience allow us to give accurate advice in the majority of VAT registration cases.

VAT Health check

We conduct complete check on sales, purchases and expenses of businesses, original invoices against the declared values with FTA and in any case of misrepresentation, we engage with clients to rectify the issues.

Accounting and Book keeping Services

Empowering entrepreneurs by giving them financial clarity and direction via our accounting outsourcing services with timely and accurate financial reports to make timely and informed strategic business decisions.

MIS Reporting & Compliance Review

Accounts is considered as blood for any business and we help businesses to keep a track of all reports for the management to evaluate the position of business at any given point of time and accelerate as required

Specialized VAT Services

  • Amendments
  • VAT refund
  • VAT Voluntary Disclosures
  • VAT Reconsiderations

VAT

01. What?

Value-Added Tax (VAT) is a consumption tax assessed on the value added to goods and services. In the UAE, the standard rate of VAT is 5%.

02. Who?

  • Businesses must register for VAT if their annual VAT taxable turnover exceeds the mandatory registration threshold of AED 375,000.
  • A voluntary registration for VAT will be possible if the turnover is below the mandatory registration threshold but exceeds the amount of AED 187,500.

03. When?

In effect since Jan 1, 2018

  • Businesses with an annual turnover exceeding AED 150 million should apply for registration by 31 October 2017
  • Businesses with an annual turnover exceeding AED 10 million should apply for registration by 30 November 2017
  • All other business entities with an annual turnover exceeding the mandatory registration threshold (AED 375,000) should apply for registration by 4 December 2017

04. How?

VAT is not simply a finance problem - it affects the entire business across the board and proactive steps at various stages including ensuring that the POS, the accounting software are VAT compliant & the team at all touchpoints is trained to ensure smooth running & avoiding hefty fines.