What can VAT Consultants in the UAE do for Your Business?

VAT consultants in UAE

The UAE introduced VAT on 1st Jan 2018. VAT matters at times can be tricky owing to their intrinsic nature. That is where VAT consultants in the UAE come into play. VAT has been implemented to make UAE’s economy more globally competitive. Following are the other reasons for VAT implementation in the UAE include –

  • Firstly, aim to reduce UAE’s dependence on non-renewable resources & hydrocarbon gases given the oil crisis.
  • Secondly, to make UAE’s economy more competitive
  • Thirdly, provide high-quality public services
  • Lastly, ensuring a sustainable ecosystem with VAT revenue.

VAT compliance is mandatory, and any irregularities will result in hefty fines or business closures. It is indeed, crucial to keep tax issues at bay & ensure that VAT matters do not negatively impact your business.

VAT consultants in the UAE can help you comply with the stipulated rules and regulations. Businesses with an inevitable threshold turnover in the UAE must register for VAT, regardless of industry. If your business does not fall within the specified threshold, you may opt for voluntary registration. VAT consultants can also assist with VAT registration considering your annual taxable supplies and imports.

In addition to VAT consulting and registration, these consultants also ensure that your financial records are accurate & transparent. Businesses must collect VAT (5% in most cases) at each point of sale from customers. Further VAT is also a specialized domain that involves complex formulas and regulations, differing from case to case.

Along with ensuring regulatory compliance, VAT consultants in the UAE carry out these cumbersome tasks so that you can focus on your core business activities.


VAT Consultants in the UAE will help you with the following:

  1. VAT compliance
  2. Reducing VAT liabilities
  3. VAT registration
  4. Identifying and eliminating risks
  5. Building a proper tax planning framework
  6. VAT return filing
  7. VAT impact on company profit
  8. Accounting & Bookkeeping
  9. VAT impact on cashflow
  10. Awareness of your rights and obligations
  11. Following the correct mechanisms for VAT claims
  12. Preparing the audit compliant tax returns file
  13. Periodic amendments of regulations from the FTA
  14. VAT bookkeeping
  15. Any clarification regarding regulations related to your business
  16. Recorrect the past file returns
  17. VAT credit refund
vat consultants in UAE

Let us figure out what VAT consultants in the UAE bring to the table and how they give you a competitive edge.


Augmented Financial Process:

With VAT consulting, you will always stay on top of things. Your VAT consultant will conduct a thorough financial assessment as well as deal with complex figures and calculations. VAT consultants in the UAE scour up your bank accounts to validate your transactions. Furthermore, they, scrutinize your business activities meticulously to ensure there are no financial irregularities.

By fixing critical loopholes in the accounting and providing valuable guidance, VAT consultants can significantly put your business on the path to profitability & sustainability. Not to mention, their constant supervision enables you to run your business smoothly.

Therefore, through streamlined accounting functions & a proper process in place, your business will always remain within the boundaries of UAE VAT compliance.


Accuracy:

vat consultants in UAE

VAT consultants in the UAE are domain experts. Therefore, they carry out intrinsic tasks with precision to deliver accurate results.

Accuracy matters most when dealing with numbers. VAT consultants also scrutinise everything from documents to transactions to financial operations while paying attention to minute details.

Such a meticulous approach is necessary for flawless accounting. With professional VAT consulting services, you can run your business stress-free without worrying about fines or loss of reputation.

VAT consultants in the UAE also help you with every VAT process, no matter how complicated it is, which helps you comply with the legal requirements. When your financial records are accurate, and up to date, your business standing will improve eventually. With time, your business will enjoy higher business growth and profitability.


Industry Experience:

VAT consultants in the UAE bring years of experience to the table, and experience matters a lot when it comes to taxation. These VAT consultants have worked across various industries, so they understand the nuances of VAT laws in the UAE.

Depending on your industry as well as specific business requirements, consultants will provide personalized VAT consulting solutions. Other services include VAT registration, filing, and other related processes to ensure proper compliance.

VAT experts enable you with a proper accounting process in place. Therefore, you will be able to function in your business without friction.


Time-saving:

Time is money; there is no doubt about it. More so if you are a seasoned entrepreneur. Hiring experts for the job delivers the desired results, plus it also saves your precious time.

Moreover, focusing on core business tasks helps you enhance productivity. All these collective efforts help you stay more efficient and relevant in your business. VAT matters are complex, and if not dealt with care and attention, they can cost you both – money and time.

VAT consultants in the UAE know the taxation framework and federal laws inside out. They can easily square away with complex VAT issues while accomplishing relevant tasks quickly.

vat consultants in UAE

Credibility:

VAT consultants in the UAE represent your business before the FTA (Federal Tax Authority) for better compliance. Your business reputation relies heavily on how the government perceives your business.

Your company’s representation before the FTA is also a decisive factor in your long-term success. If you want to stay relevant and profitable, you must attain credibility in the eyes of the authorities. Furthermore, VAT consultants in the UAE speak the local language & carry out documentation processes easily. Hence, it bolsters your business reputation.

It instills trust among your stakeholders, which is the foundation of corporate success. Your customers feel confident about your services and products when you maintain transparency in business transactions.

VAT consultants thoroughly understand the FTA’s expectations and live up to them. Overall, their experience, familiarity with the legal processes, professionalism, and proactive VAT consulting practices, help you stay on top of things.


N R Doshi Loader
VAT Consulting service

N R Doshi & Partners

Our CPAs and accountants extraordinarily carry their unique brand of expertise and experience. We have a practical and insightful approach for every project while considering your business objectives. 

We have been serving domestic and international clients in the UAE since 1986, irrespective of industry. Therefore we understand the intricacies of the VAT laws and precisely know how to take care of VAT-related matters.

Our VAT consultants in the UAE comprehend the exclusivity of your domain and apply their understanding to sort out your industry-specific challenges. Over three decades, our accounting prowess has successfully helped thousands of companies with VAT registration, filing, and other tax-related activities.

We closely monitor your financial activities to solidify your VAT compliance. Moreover, our VAT consultants in the UAE track down every possible scope of financial irregularities and penalties and eradicate them. Moreover, we work as a bridge between your business and UAE regulatory compliance. 

Further, VAT consultants in the UAE also bring clarity to your business accounts to produce immaculate financial records. We also help you build a positive public image that eventually results in more growth and profitability. 

If you are looking for authorized VAT consultants in the UAE, look no further than us. Our expert accountants and CPAs will guide you throughout the VAT process to foster your compliance and business reputation. Call us at +971 50 6591233 or email us at enquiries@nrdoshi.ae; one of our VAT experts will get back to you shortly.


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