Businesses in UAE is gearing up for the Collection of VAT in 2018. We are here to help organizations transition into a new tax environment.
We have VAT specialists and professionals who have the knowledge in VAT registration process, administration, fines and penalties and filing of tax returns and impact on the operational and the financial performance of companies. Many finance professionals in the country started their careers in the Gulf very early, so they lack the technical skills and experience in a tax environment. So transformation to Taxation and VAT requires service of skilled professionals.
Many companies will need to re-implement, re-configure, and re-customize their existing systems as a large number of installations of popular accounting software or in-house designed ERP (enterprise resource planning) solutions may not have the inbuilt capacity to apply VAT onto the invoice value. This in turn will lead to high demand of technical- functional and techno-functional- consultants who possess knowledge and experience in transitioning business processes into becoming compliant with the new VAT framework.
Businesses across nearly all sectors will need to start reviewing their operational finance systems and process in preparation for the implementation of taxation and VAT over the next year.
Firms will need to also factor in the implications of VAT when rolling-out their ERP and SAP (systems applications and products) implementation. We also provide company staff with the necessary training, to prepare their businesses for the implementation of VAT.
For VAT Consultation, please contact us. Mob: 0557636758.