We organize awareness programs on VAT in the UAE and GCC VAT Agreement by the Tax experts for.
Awareness programs & Training:
Accountants, Auditors, and other Finance Professionals.
VAT Implementation training for the Corporates as well as for group of professionals
Based on the organizational structure and need of the management and accounts & finance department, we provide training on Value Added Tax (VAT) to all the personnel of the organization who are coming under VAT compliance chain. The training to finance and accounts and IT personnel are in detail for applying the VAT concepts and for clarifying the procedural formalities required for complying the requirements. Training for managerial and other departments level are made for giving proper awareness of VAT structure and overall VAT compliance requirements.
Implementation plan which suits for the UAE VAT Regulations for your business
Managing the VAT transaction process
For shifting the transactions into UAE VAT compliance and to function smoothly and in a timely manner, we will select a responsible person/team from the company to be the head of the VAT Implementation project called VAT Implementation Project Manager.
The present accounting systems will be scrutinized. Proper classification/ grouping with appropriate chart of accounts suitable for VAT regime will be suggested. Necessary guidelines will be given to the accounts team for preparing the first VAT return to the Federal Tax Authority (FTA).
The requirements of VAT invoicing under the UAE VAT Law will be implemented. Proper guidance will be given to the IT persons and proper training to the Accounts and other departments connected to sales.
In order to incorporate the changes in the billing, accounting and other administrative procedures to comply UAE VAT formalities, necessary guidance or information required will be communicated to the IT team/software personnel either directly or through VAT Implementation Project Manager.
The support for preparing and filing of the first VAT return by taking the correct input tax credit against the total VAT liability with guidance on planning/better timing of cash flows