VAT & EXCISE TAX SERVICES
It is obligation of every businessman to abide with the local financial laws. Typically, it is taken into consideration that any new implementation requires retesting on timely basis to monitor its impact and success. Similarly, it makes it very challenging for organizations to ensure whether they have been correctly following up with the provisions of the VAT and Excise regulations. Keeping all this into consideration, we conduct a thorough examination to identify loopholes, reason of occurrence with its ramification and necessary financial measures to be undertaken to avoid its reoccurrence.
We offer Tax related business management consulting on:
- Tax Planning and Structuring
- VAT Registration in UAE
- International and cross border transactions
- Review of all business transactions and corresponding tax policy
- Review of all processes and recommending changes thereof
- Review of reports configured and identification of any additional requirement
- Documentation review for e.g. contract review, invoices review, etc.
We assist companies by managing the queries raised during and post VAT implementation. Based on the download, we would undertake the following:
- Providing advice on ongoing matters with respect to the Company’s VAT obligations, including tax position to be adopted, tax risks, documentation, records to be maintained, etc.
- Ascertaining the impact on the tax updates / developments, on the tax position taken by the Companies
- Assisting Companies in filing Reconsideration to challenge to decision issued by the Authorities
- Assistance in representing Companies before Resolution Committee, Courts, etc.
We assist companies in preparation, review and filing of VAT return/ VAT deregistration across the GCC countries which involves the following key steps:
- Review of sales and purchase registers along with sales and purchase invoices
- Review of financial information
- Review of documents, invoices, agreements, etc.
- Review of VAT return workings prepared by the Company
- Aiding in finalizing VAT return workings
- Assistance in filing VAT return