As we know, U.A.E. & G.C.C. countries decided to implement Value Added Tax in order to reduce dependence on revenue from Oil. In particular, U.A.E. introduced VAT with effect from 1 January 2018 and it is responsibility of all the business organisations to make sure that they are compliant with VAT regulations. Excise Tax is effective on certain activities from 1 October 2017.
To help them achieve this objective, we understand our clients business models, business processes, ensure smooth transition from their present systems, account & file periodic VAT returns.
Businesses also need to look into their present IT Infrastructure, Human Resources available, Customers Relations, Suppliers Relations and Legal contracts and upgrade them so that they can embrace VAT Law.