VAT Consulting Services

Services 

  • Assessment of VAT impact on your business.
  • Implementation of VAT compliant Accounting Software for your business.
  • VAT bookkeeping services to avoid any penalties for VAT non-compliance.
  • Training of your staff on VAT.
  • VAT returns filing services as per VAT laws.
  • Company registration for VAT.
  • Design and implementation of VAT structure in your company.
  • Assessment of VAT on your sales price and profitability.

What is VAT?

Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is used in more than 180 countries around the world. The end-consumer ultimately bears the cost. Businesses collect and account for the tax on behalf of the government.

How it works?

Implication of VAT on businesses

  • Businesses will be responsible for carefully documenting their business income, costs and associated VAT charges.
  • Registered businesses and traders will charge VAT to all of their customers at the prevailing rate and incur VAT on goods/services that they buy from suppliers. The difference between these sums is reclaimed or paid to the government.

On which businesses does VAT apply?

VAT applies equally on tax-registered businesses managed on the UAE mainland and in the free zones. However, if the UAE Cabinet defines a certain free zone as a ‘designated zone’, it must be treated as outside the UAE for tax purposes. The transfers of goods between designated zones are tax-free.

 

Why should you choose Aviaan Accounting?

  • We provide reliable, consistent and quality services
  • Cost effective
  • Qualified Professionals
  • Compliance with regulations
  • Efficiency system for VAT related matters

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