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VAT Consultation Services

VAT Consultation Services

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VAT Consultation Services

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  1. VATConsultation Services Get all information about Value AddedTax. bibin@alyaauditors.com +971 42693114 http://alyaauditors.com/vat-consultation/

  2. INTRODUCTION Avalue-addedtax (VAT)isaconsumptiontaxplacedonaproductwhenevervalueisaddedateachstageofthesupply chain,fromproductiontothepointofsale.TheamountofVATthattheuserpaysisonthecostoftheproduct,lessanyof thecostsofmaterialsusedintheproductthathavealreadybeentaxed.

  3. Five Pillarsof VAT • All taxable persons are required to register under the respective country’slaw • Apply for a Tax Registration Number • Registration and appointment of taxagents • Is made in the course or furtherance of any business carried on by taxableperson • There are strict penalties for non-compliance

  4. VAT ConsultationServices • Identification and analysis of the VAT impact on yourbusiness. • Outline the VAT registration obligations andsteps. • Review and amendment of contractual arrangements with customers. • Analysis of IT system and accountingrequirements. • Ensure that business is structured. http://alyaauditors.com/vat-consultation/

  5. VATImplementation • Make sure that the relevant books and records are maintained in the appropriate manner. • Ensure that the accounts payable function evidences. • Ensure that the accounts receivable function understands. • Update of the invoicetemplates. • Assist with the VAT consultation andregistration with the competentauthority.

  6. VAT Training and Post ImplementationSupport The change can be a difficult thing that iswhy we will deliver tailored VAT training for your teams to assist with the transition in toVAT. http://alyaauditors.com/vat-consultation/

  7. VATCompliance • Advise on the application of the rules, especially on availableexemptions. • Preparation and filing the VATreturns. • Assistance in claiming VATrefunds. • Update of the invoice templates. • Assessment of the VATimplication. http://alyaauditors.com/vat-consultation/

  8. VAT in UAE Importance of Accounting Records UAE is going to adopt VAT which applies to almost all goods and services except basic food items, healthcare, and education. Though the burden normally lies on the ultimate consumer the business entities need to change the systems, processes, and procedures to comply the new legal requirement which is expected to be implemented by the government effectivefrom1st Jan2018. http://alyaauditors.com/vat-consultation/

  9. THANKYOU! For MoreInfoVisit:http://alyaauditors.com/vat-consultation Garhoud,AlGarhoud, P.O. Box : 41102, Dubai,UAE. Office No.211B, AL KazimBuilding,