VAT Implementation Service in Dubai
We’re a leading firm of chartered accountants & VAT/Tax advisers supporting entrepreneurs, family offices and growing businesses across the UAE.
Overview
VAT got implemented in the UAE with effect from 1st January 2018. VAT (Value Added Tax) is an indirect tax which is charged at every level of supply of goods or services or both. Businesses need to take necessary steps for VAT implementation in UAE into their operations.In order to comply with the requirements of the UAE VAT law, it is important that businesses in the UAE are guided properly with regards to developing a strategy to implement VAT compliant systems into their business operations. Alya Auditors in Business Bay, Dubai offers support to businesses for VAT implementation in Dubai, Abu Dhabi as well as Sharjah and all other northern emirates.
Our VAT Service in Dubai Includes
FTA can ask for details like Annual accounts, General ledgers, VAT Ledgers, Records of all supplies and imports, etc, from individual traders as well as business firms.
Any changes in the details after registering, needs to be reported immediately to the FTA.If the changes are not notified and amended, a penalty could be levied.
Based on the threshold, business can apply for registration or can seek exemption from VAT registration.
The penalty for failing to apply for a mandatory de-registration of VAT within the specified time frame of 20 business days.
Our Training program examines the rules and regulations of VAT and the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time.
When a taxpayer submits a claim for refund, the FTA will process and review the application within 20 business days of submission.
Why Choose Alya Auditors for VAT Implementation
- Qualified Professionals. Our team of qualified tax professionals who are excellent at their work to offer taxation consulting services to your company. These professionals have a rich experience that they have gathered over the years of working with other bigger companies as well as multinational companies on tax related issues.
- Provides Goodwill. VAT compliance brings along with it a certain business goodwill. In fact, many large firms are often reluctant to conduct business with companies that aren’t VAT-registered.
- Provides Legal Assurance. VAT filing guards your business and gives a legal assurance and proof of your business existence.
- Service-oriented Services. Our firm is famed for being focused on service delivery and if you were to hire our consultancy services then you will stand to experience and benefit from our service delivery that is second to none. We will access all the business accounts, levels, needs and goals and come up with a working tax plan to ensure that your business/company remains tax compliant all the time.
- Maximizing Your Profitability. Our firm will help you in your tax planning and make it part of your business strategy as it will help your business experience maximum profitability while limiting the chances of being exposed to tax liability.
Alya's VAT Implementation Process
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.
Training Program for VAT
In this phase, we provide training on the concepts of VAT in the UAE & discuss about the business type & its issues on compliance to the UAE VAT Law. Provisions shall be made to train the employees from each department having implication on VAT.
Impact Assessment of VAT
In order to have a better clarity and appraisal for the management and to streamline the operations of the company by complying with the UAE VAT requirements, we study the impact on business on working capital, costing and profitability.
Post-Implementation Assistance
Review and cross-check on the effectiveness of supply-chain management and sample transactions, highlight the potential areas in terms of VAT compliance.
VAT Implementation Service in Dubai
starts here.
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🔒 Confidential · No obligation · UAE licensed firm