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VAT Consultants

Value Added Tax (VAT) is a tax on consumer spending that applies to almost all goods and services. It is collected from all suppliers, manufacturers, distributors, and retailers in UAE. Companies will be collecting this tax on every sale and it is essential that they document the VAT collected and paid to the other companies. Value Added Tax is applicable at the rate of 5% of the total invoice amount. Few products & services are exempted from the VAT.

VAT consultancy firms in UAE deals with the A- Z procedures involved in taxation. They assist clients’ right from the preparation up to filing for returns. VAT consultants perform impact assessment to detect how the taxation affects your business. Impact assessment is the process of reviewing key documents pertaining to the existing contract to analyze the amount of tax that is payable. They identify the areas where taxation affects your business and suggest alternative methods to reduce the same.

VAT consultant in Dubai can help with cash recovery by reviewing indirect tax liabilities, ensuring you are paying the right amount and recovering the overpaid VAT and claiming retrospective tax refunds. VAT consultants can also help small businesses that may benefit from cash accounting and flat rate schemes by examining their business and helping them to make an informed choice. They also provide their clients with transaction support and act on behalf of your business in tax disputes and review documentation for tribunal appeals.