It is the first time VAT is introduced in UAE and many business owners are unaware of the impact VAT is going to have on their business. Many are oblivious to the amount of work required for their business to become VAT ready. We help these businesses transition from non-VAT era to post vat era.
As a VAT consultancy firm in Dubai, we suggest you start early as VAT implementation in a business needs time and effort creating a strategic design, VAT function model, execution, training and implementation. We help businesses transition from pre VAT era to post VAT era in a smooth and effective manner without losing time or money.
We provide all VAT related services and some more for the benefit of our clients. We work with you hand in hand to make it a hassle-free process. The steps and work required for a business to be VAT ready are:
Vat Registration: companies who have a net annual income or expenditure of 375,000 AED must register with Federal tax authority of UAE to get their tax registration number. For tax registration, you need proper company documents and financial statement’s of preceding 12 months. We help you audit, organize and present these records to the government in a professional and compliance ready manner. Companies who get their tax registration number can start collecting tax from their buyers for the government.
Vat Implementation: vat implementation is the second step in the transition of your business in Vat model. This step presents a significant challenge for the business. We know all businesses are different. We work to understand your business model and the impact VAT implementation could present to it before suggesting the changes in the administration and accounting for it.
Staff Training: for successful implementation of the VAT, handling of roles and responsibilities in an appropriate manner is required. Your current employees may lack the necessary knowledge of how VAT works and what are the key criteria they need to cover.