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  • info@charteredtaxes.com

  • Near Union Metro Station,

  • Deara, Dubai - U.A.E.

  • SAT- THU: 9:00 - 18:00

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VAT Implementation

VAT is going to kick off in the UAE with effect from 1st January 2018. VAT (Value Added Tax) is an indirect tax which is charged at every level of supply of goods or services or both. Businesses need to take necessary steps for VAT implementation in UAE into their operations. Chartered Tax Consultant offers support to businesses for VAT implementation in Dubai, Abu Dhabi as well as Sharjah and all other northern Emirates.

Procedures  involved in VAT Implementation Services:-

comprehend the business nature

Our TAX experts will  visit your good  office to understand the business model for designing a VAT Implementation plan which suits for the UAE VAT Regulations for your business.

Analyzing the impact of VAT on your business

In order to have a better clarity and appraisal for the management and to streamline the operations of the company by complying with the UAE VAT requirements, we study the impact on business on working capital, costing and profitability.

VAT trainging and Consulting

Chartered Tax Consultant provides training on the concepts of VAT in the UAE & discuss about the business type & its issues on compliance to the UAE VAT Law to your concerned staffs according to the requirement.  

VAT Registration

As part of VAT implementation, to comply with the law of the land with respect to VAT (UAE VAT Law), Chartered Tax Consultant advises regarding the procedural formalities and the date by which registration has to be made, considering whether the company got any exemption in this respect or not, undertaking all the process from initial to end.

Accounting systems under VAT

The present accounting systems will be scrutinized. Proper classification/ grouping with appropriate chart of accounts suitable for VAT regime will be suggested. Necessary guidelines will be given to the accounts team for preparing the first VAT return to the Federal Tax Authority (FTA).

Invoicing under VAT

According to the requirements of VAT invoicing under the UAE VAT Law will be implemented. Proper guidance will be given to the IT persons and proper training to the Accounts and other departments connected to sales.

Integration with relevant softwares

In order to incorporate the changes in the billing, accounting and other administrative procedures to comply UAE VAT formalities, necessary guidance or information required will be communicated to the IT team/software personnel either directly or through VAT Implementation Project Manager.

 VAT Return Process

The support for preparing and filing of the first VAT return by taking the correct input tax credit against the total VAT liability with compliance of Federal Tax Authority UAE.