Dubai VAT Consultants: Tax Consultants, registered in UAE is our new arm of professional VAT consultancy, geared up to face the challenges and opportunities due to implementation of VAT in 2018 .
Assessing high level VAT impact on all Company’s transactions;
Communicating plans and conduct VAT-awareness training;
Assisting on the mapping of transactions, accounting entries for VAT returns, Tax adjustments, and tax payment to FTA;
Assisting the Company on the transactions (i.e. general and administrative expenses) that should not be treated and recorded as Input VAT;
Assisting on the calculation of Tax under the Reverse Charge Mechanism on import of Concerned Goods or Concerned Services (if any);
Assisting on the VAT treatment for the supply of goods and services to different Recipients (e.g., transferred to another Emirate, another Implementing states, outside UAE, etc.);
Assisting on the VAT impact between supply of goods and services of Mainland to Designated Zone and vice versa;
Advising and supporting the necessary changes in the IT systems and applications (if any);
Value Added Tax is imposed on most supplies of goods and services and it is the responsibility of the persons who are supplying these goods and services to register in VAT. These persons are known as “Taxable Persons”. A Taxable Person who is registered in VAT will have a Tax Registration Number (TRN) and is considered “Registrant”. A Taxable Person means any legal or those companies, partnerships, clubs, associations, and so forth or can be natural persons who are the individuals.
Your accountant will ensure all records are VAT-compliant and audit-proof. Then, for each tax period, they will file the VAT return for you. No hassle for you and more time to focus on your business.