VAT Services

VAT Services

Awareness programs &Training:

We organize awareness programs on VAT in the UAE and GCC VAT Agreement by the Tax experts for.
• Business owners.
• Accountants, Auditors, and other Finance Professionals.
• Corporate.

VAT Implementation training for the Corporate as well as for group of professionals

Based on the organizational structure and need of the management and accounts & finance department, we provide training on Value Added Tax (VAT) to all the personnel of the organization who are coming under VAT compliance chain. The training to finance and accounts and IT personnel are in detail for applying the VAT concepts and for clarifying the procedural formalities required for complying the requirements. Training for managerial and other departments level are made for giving proper awareness of VAT structure and overall VAT compliance requirements.

VAT Implementation Services

The experts in VAT undertake the followings steps for successful implementation of UAE VAT in your company.

a. Understand the business model:

The TAX experts/ VAT Experts visit your office to understand the business model for designing a VAT

Implementation plan which suits for the UAE VAT Regulations for your business.

b. Registration for VAT:

To comply with the law of the land with respect to VAT (UAE VAT Law), we advise regarding the procedural formalities and the date by which registration has to be made, considering whether the company got any exemption in this respect or not.

c. Analyzing the impact of VAT on your business:

In order to have a better clarity and appraisal for the management and to streamline the operations of the company by complying withUAE VATrequirements, we study the impact on business on working capital, costing and profitability.

d. Managing the VAT transaction process:

i) VAT team leader:

For shifting the transactions intoUAE VATcompliance and to function smoothly and in a timely manner, we will select a responsible person/team from the company to be the head of theVAT Implementationproject calledVAT ImplementationProject Manager.

ii) Accounting systems under VAT

The present accounting systems will be scrutinized. Proper classification/ grouping with appropriate chart of accounts suitable forVATregime will be suggested. Necessary guidelines will be given to the accounts team for preparing the first VAT return to the Federal Tax Authority (FTA).

iii) Invoicing under VAT

The requirements ofVATinvoicing under theUAE VATLaw will be implemented. Proper guidance will be given to the IT persons and proper training to the Accounts and other departments connected to sales.

iv) IT Migration

In order to incorporate the changes in the billing, accounting and other administrative procedures to complyUAE VATformalities, necessary guidance or information required will be communicated to the IT team/software personnel either directly or throughVAT ImplementationProject Manager.

v)Filing of Return VAT Return

The support for preparing and filing of the firstVAT returnby taking the correct input tax credit against the totalVAT liabilitywith guidance on planning/better timing of cash flows.