VAT Services in KSA
Ever since the introduction of VAT in Saudi Arabia, the compliance burden on small businesses has increased manifolds. While big corporates have a dedicated account and finance department to take care of the paperwork related to the VAT, but small businesses lack the necessary resources. Any mistake while filing the return or failure to file the VAT return or deposit the collections on time can invite penal actions. If you are also a small business owner and are looking for reliable a VAT accountant in the Kingdom of Saudi Arabia, then your quest ends with us. At Aviaan Accounting, we are one of the most renowned VAT consultants in the region and have been helping business owners with their VAT related queries and requirements.
What is VAT and why you must be careful with it?
VAT or Value Added Tax is a consumption tax that is levied at every stage of selling of products. It is charged from the consumer as VAT is added to the cost of the good starting from its transportation to its final consumption. As per the guidelines of the statutory authorities in the country, every business that is registered under the VAT must file the VAT returns as well as pay the collections as per the prescribed schedule. Any delay in filing of the return or failure to deposit the collected money on time will attract serious penal actions. Moreover, continued failure to comply with the guidelines might lead to revoking of the VAT number as well, rendering the business ineffective.
While you may attempt to assign this task to your in-house accountant, but there are many issues that may come up here. First of all, the cost of having a full-time accountant might just be too much for your business. Secondly, you do not know if the said person is actually competitive enough to handle your tasks. If he/she makes any mistake, you will have to bear the consequences for it. Lastly, if that person leaves midway, then you might fall behind the scheduled timelines and will then have to bear the penalties. So, you need to have an experienced and reliable partner to help you accomplish these tasks and that too at a lower cost. With Aviaan Accounting by your side, you can bid adieu to all your VAT return related worries.
Why Aviaan Accounting?
At Aviaan Accounting, we have been working in Saudi Arabia for the last many years, helping business owners with their various accounting and finance related requirements. We have a team of experienced accounting professionals as well as chartered accountants to help you with your VAT-related requirements. Our team members will work in close collaboration with your business to make sure that all your VAT returns and compliances are completed on time. We will check each and every invoice (inward as well as outward) to prepare your VAT returns and will then help you with depositing the collections and filing your returns.
We use the latest software to maintain your accounting records and prepare your VAT returns, thereby ensuring 100% accuracy based on the information shared with us.
The range of VAT related services that we offer include: –
- Company registration for VAT in Dubai
- Assessment of VAT impact
- Training on VAT
- VAT returns filing services
- Assessment of VAT on sales price and profitability
- Implementation of VAT compliant Accounting Software
- VAT bookkeeping services to avoid any penalties for VAT non-compliance
- Design and implementation of VAT structure
We would be more than happy to guide you through the complex and intricate world of VAT accounting. Get in touch with us today and let us help you realise the true potential of your business. Contact us now.