Corporate Tax & VAT Consultancy Services -

UAE Ministry of Finance has released an information on the newly introduced Value-Added Tax (VAT) in UAE, which will be applied starting from 1 January 2018. Businesses can register for VAT from September 2017.

Value Trust as your VAT consultant, can help you with the following as we lead you step-by-step towards familiarizing you with the new concept of the VAT.

VAT Calculation, VAT Accounting, and VAT Documentation Services

Maintaining your accounting and bookkeeping
Preparing tax calculations
Maintain an accounting software on your behalf that can adopt VAT calculations
Charging VAT on supplies at the correct rate
Calculating net tax payable to local tax authorities
Calculating VAT deductible on purchases
Calculating and claiming refunds for VAT for businesses that are resident and non-resident
Keeping the correct documentation in relation to invoices, records, account, VAT returns, etc.
Support for filing tax returns with local tax authorities

VAT Law Compliance, VAT Registration, and VAT Implementation Services

Ensuring that your business is aligned to the compliance practices with VAT requirements
support on registering your company with the local tax authorities
Business impact assessment—mapping existing systems and identifying key VAT touch points
Updating you regarding all the changes in tax regulations (such as VAT penalties, which is to be announced by MoF)