VAT & CT Assistance

VAT & CT Assistance

VAT Registration: VAT registration involves obtaining a VAT registration number from the Federal Tax Authority (FTA). The FTA requires businesses with an annual turnover of more than AED 375,000 to register for VAT. VAT assistance service providers can help you with the registration process, which includes preparing the necessary documentation, submitting the application to the FTA, and following up on the application status.

VAT Compliance: VAT compliance involves maintaining accurate records of all transactions, calculating the VAT liability, and filing VAT returns on time. VAT assistance service providers can help you with VAT compliance by ensuring that your business follows the VAT regulations keeps accurate records, and files VAT returns on time. They can also conduct VAT audits to ensure your business complies with VAT laws and regulations.

VAT Advisory: VAT advisory services are designed to help businesses stay updated with changes to VAT regulations and requirements. VAT assistance service providers can advise on VAT compliance, accounting, and reporting. They can also help businesses develop VAT policies and procedures that comply with the VAT laws and regulations.

VAT Implementation: VAT implementation involves creating and implementing VAT policies and procedures that comply with the UAE VAT laws and regulations. VAT assistance service providers can help you with VAT implementation, which includes reviewing your business processes, setting up VAT accounts, and creating a VAT manual. They can also train your staff to ensure they understand the VAT regulations and requirements.

VAT Auditing: VAT auditing involves reviewing your business’s VAT compliance and identifying errors or discrepancies. VAT assistance service providers can conduct VAT audits, including reviewing your VAT returns, reconciling VAT accounts, and identifying potential issues. They can also provide recommendations for improving your VAT compliance and reducing the risk of penalties or fines.

VAT Refund: If your business is eligible for a VAT refund, VAT assistance service providers can help you with the VAT refund process. The process for VAT refunds includes the following:

  • Preparing the necessary documentation.
  • Submitting the refund application to the FTA.
  • Following up on the application status.

They can also help you identify opportunities to optimize your VAT refund claims.

Tax Dispute Resolution: If your business is facing a tax dispute or challenge, corporate tax assistance service providers can help you resolve the issue. They can represent you in tax court, negotiate with tax authorities, and help you reach a settlement. They can also advise on managing tax risks and avoiding future tax disputes.

Transfer Pricing: Transfer pricing involves pricing goods and services that are transferred between different parts of your business. Corporate tax assistance service providers can help you with transfer pricing by creating transfer pricing policies, conducting transfer pricing audits, and ensuring compliance with transfer pricing regulations. They can also provide advice on transfer pricing issues related.

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