VAT Registration

 

Retail POS Implementation VAT: What we know so far VAT Implementation VAT Filing

We at Amends Accounting are ready to help your business in the UAE get ready with your VAT Plan.

 

 

Value Added Tax (VAT)

All member countries from the GCC aim to implement VAT, which is effective from 1st January, 2018 after their meeting on GCC VAT framework signed earlier this year. The framework articulates regulations to be followed by the member countries under the VAT guidelines. VAT Implementation requires involvement from the entire organization because of the impact it has across the entire organization.

Problems to overcome

  • Lack of familiarity with VAT rules & regulations
  • Structure and Compliance issues
  • Non Availability of experts and competent staff
  • Lack of a vigorous book keeping system

 

How to get EQUIPPED for VAT

Expert Team:

Expert team that is well aware of the VAT scenario in the region and fully equipped with the knowledge to successfully implement the required processes

Learn VAT Applications:

Understand VAT treatment on every commercial activity of the business, Absorb Information: Understand how VAT impacts business functions and processes in case of revenue, cost and working capital.

Assess current capabilities:

Assess your current ERP system. Generate awareness amongst existing staff and provide trainings if necessary

 

 

Expected blocks

  • Lack of familiarity with VAT rules & regulations
  • Structure and Compliance issues
  • Lack of resources (Availability of experts and competent staff)
  • Lack of a robust book keeping system

 

Equipping your business for VAT

 

Plan Your Strategy:

Decide on a VAT implementation strategy. Explore the options of outsourcing the implementation process or managing it in-house.

Build a Team:

Appoint a team that is well aware of the VAT scenario in the region and fully equipped with the knowledge to successfully implement the required processes

Learn VAT Applications:

Understand VAT treatment on every commercial activity of the business. Absorb Information: Understand how VAT impacts business functions and processes in case of revenue, cost and working capital.

Assess current capabilities:

Assess your current ERP system. Generate awareness amongst existing staff and provide trainings if necessary.

ADDRESS

  • Address: 212A, Al Hilal Bank Building
    Near Al Qusais Metro Station
    Dubai, U.A.E.
  • Email: sales@amendsaccounting.com
  • Website: www.amendsaccounting.com
  • Phone : +971-56-9735557

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