Our team of professionals explore all the possible options available within the legal framework of the law before providing final advise, since the requirement differs from business to business. It is necessary for every business organization to plan for VAT starting from the contract stage of the transactions so that necessary clauses can be included in the contract so as to minimize the VAT impact, failure of which may lead to reduction of profit margins. We support your business through our pragmatic and edge cutting VAT advisory service that lets your business grow and become compliant of every rules laid down by the legislation of tax authority. Our planned road-map for VAT related services (transaction related advice) will let you concentrate on the core activities of your business. Our experienced professionals will lead you to the stairway of success by unburdening you from VAT related issues and will let you concentrate solely on core work. Our VAT advisory function includes following services:
VAT Amendments:Businesses keeps on diversifying their operations, places of work and similar associated things. We have over decades of experience in dealing with the amendment procedures involved in VAT. We have simplified the procedures required in making amendments related to VAT. Our advisory service covers every possible query, which may arise in the day to day business affairs.
UAE and associate GCC nations in the form of Value Added Tax (VAT) on all goods and services at a standard rate of 5% with effect from 1st January 2018. Now the question is that Will consumers spend take a hit or it will be business as usual for the retailers and manufacturers?
The new value-added tax (VAT) is coming into effect from 1st January 2018 for the very first time in UAE, Ultimately it will affect small businesses as well, main concern of small businesses is all about the financial and operational impacts of VAT compliance, especially since they’re used to operating in a low-tax business environment. Most people have a preconceived notion that VAT is a burden for all including small businesses. However, if your business is organized with the help of a VAT expert, VAT may not be too onerous to you.
Output VAT is the value added tax to be charged on supply of goods and services.
Any Non – Residentwho involves in business activity of sales/services irrespective of his turnover is required to register for VAT where no other person is obligated to pay tax on its behalf. In case any other person is obligated for VAT on behalf of non – resident then the non –resident will be exempt from registering for VAT.
All free zones dealing with mainland needs to register compulsorily; Detailed executive regulations are awaited for further clarification.
Yes VAT Assessment and Implementation will help in assessing how the VAT will affect business processes, Procedures, Business Contracts.