We’re a leading firm of chartered accountants & VAT/Tax advisers supporting entrepreneurs, high net worth individuals, family offices and growing businesses in UAE.
A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.
A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed.
VAT has been set at 5 per cent on a host of products, but certain segments have been exempted.
The new law also assigns responsibilities to eligible resident taxable persons including non-residents and investors and their agents as well as nominated representatives who will have to register and ensure specified compliance.
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.
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.
VAT filing guards your business and gives a legal assurance and proof of your business existence.
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.
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.
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.
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.
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.
Review and cross-check on the effectiveness of supply-chain management and sample transactions, highlight the potential areas in terms of VAT compliance.