Audit in Dubai, Internal Audit Dubai
Audit in Dubai, Internal Audit Dubai

Ethics Plus has brought a high level of expertise to our engagement. They are always ‘time conscious’ and we appreciate their proactive support. Its comforting to have this level of confidence in our auditors who have really made owning a business less stressful.

Audit in Dubai, Internal Audit Dubai

Mr. Ravi Vasandane
Managing Director
Campbell – EWald


Services

VAT

According to the 'GCC VAT Agreement', GCC countries including U.A.E., Oman, Saudi Arabia, Kuwait, Qatar and Bahrain, will be implementing VAT in the near future.

The U.A.E. has demonstrated its firm commitment to implementing VAT by allowing businesses to register prior to the deadline of January 01, 2018. VAT will be implemented at a standard rate of 5%.

VAT has a wide ranging impact on businesses in areas including supply chain, Accounting/Finance, Human Resources, Legal, Information Technology and Compliance.

Ethics Plus offers specialist VAT Advisory services for businesses in the U.A.E. Our VAT advisory team has specialist consultants who have many years of experience in VAT registration, VAT process and IT systems implementation, VAT Accounting, Compliance, Training and other Consulting services. We are fully geared to hand-hold you through each step of the VAT implementation journey.

Our approach to VAT Advisory includes the following modules:

  • VAT Impact Analysis
  • VAT transitional support and compliance
  • VAT training / workshops
  • Post VAT Implementation monitoring and advisory
  • VAT Accounting and CFO services

It is often easy to underestimate the time and resources required to implement VAT effectively. Ensuring that the right systems are set-up to manage data in compliance with VAT regulations would be critical. Most businesses would have to review existing contracts that does not accommodate the introduction of VAT. Identify the additional working capital requirements due to VAT may be important, especially for SMEs.

The Federal Tax Authority will conduct periodic audits to inspect records and ensure companies are paying or reclaiming the right amount of tax, and hefty penalties would be charged for non-compliance.

If you are looking for advice on implementing VAT in your organization, you are at the right place. Please click here to read more or drop us a note for a free consultation at tax@ethicsplusuae.com


Did you know?

When you hire Ethics Plus, you hire a partner and not a contractor. What sets us apart is the way we invest in our relationships. Our clients are our partners.



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