From the 1st of January 2018, Worth Included Tax (VAT) has entered impact in the UAE. If, as a company, you have not yet planned for VAT, it is crucial that you must prepare for the effect of VAT over your service today.
This will impact not just organizations with regional purchases yet also cross-border deals within the GCC and also non-GCC countries. In a lot of the countries where VAT or comparable taxation was introduced in the past, it had actually been an addition to the existing tax systems. Whereas in the UAE, the taxation principle is brand-new to the majority of the businesses. Thus, it is not uncommon for organizations to have uncertainties as to the starting point to apply VAT, as well as which facets of their procedure, are to be prioritized.
How can Tally UAE assist you?
The VAT team in Tally UAE supports companies to browse the new UAE tax obligation atmosphere and provide services which fit their service design as well as the market. The group consists of VAT professionals with years of combined experiences. This combination provides the benefit to our customers, both local and multinational, to have the glocal strategy in the service delivery. Furthermore, with the “internal" experiences from the majority of our team members, the client can guarantee that our strategy will be a lot more organization-oriented instead of theoretical. The variety of our end-to-end VAT solutions is:
- VAT implementation with the people, process, and system approach
- Business impact analysis and its recommended solution
- VAT registration support
- Tailor-made VAT workshop per industry
- Ongoing VAT Services
- Calculate or review the calculation of VAT
- Support in VAT return filing
- Ad-Hoc VAT Services
- Dealing with queries from the tax authority (as a Tax Agent)
- Tax optimization