VAT Consultancy & Compliances
UAE is aiming to implement VAT w.e.f. 1st January, 2018 after having the GCC VAT framework signed earlier this year. The Federal Tax Authority (“FTA”) will be the newly created body that will be responsible for VAT and expected to also administer any other taxes as they are introduced.
As the implementation of VAT is nearing, business organizations should be ready to start preparing for VAT. VAT implementation in the business organization is not only management’s job. It requires involvement from the entire organization since non-compliance of VAT has very high consequences on the business. Hence, it is important that all the members of the organization should have thorough knowledge about VAT. Business organizations would face difficulties in implementing VAT because of lack of understanding of VAT laws & regulations, compliance issues, lack of competent staff, etc.
We would help business organizations in sharing our expertise and knowledge in smooth implementing of VAT in the organizations, analyzing the impact of VAT on the businesses, training management and employees about VAT laws, following & achieving VAT compliances, etc.