Expert guidance and strategies for efficient VAT management and compliance.
Our VAT Consultants in Dubai have great expertise and knowledge in VAT registration. We have an excellent track record of solving VAT-related issues like VAT consulting, training, returns, laws, and norms. We are registered under the UAE Top Authorities as a legit tax agency. Organizing the VAT implementation is an obligation; therefore, the VAT Consultants in Dubai must comply with the VAT tax laws.
The government of UAE introduced the Value Added Tax or VAT on 1st January 2018. VAT is the indirect tax levied on the consumption or use of goods and services where the end consumer is the ultimate bearer of the cost. UAE imposes 5 percent VAT on tax registered businesses on a taxable supply of goods and services at every supply chain step. Here the businesses collect and account for the VAT tax on behalf of the government body.
However, the business owners must get themselves registered under VAT with Federal Decree-Laws. This VAT is applicable to all the tax-registered businesses that are managed on the UAE mainland or the free zones. The imposition of VAT greatly impacts business functions and transactions with increased levels of risk, volumes, and complexities.
Ensure accurate analysis of contracts and documents, error-free VAT reports for easier taxation process.
Educate employees on VAT rules, provide necessary resources and technology for VAT filing.
Clarify VAT doubts, assist in following VAT norms, and provide support in VAT filing process.
We at Alliance Chartered Accountants are the best VAT consultancy in Dubai, where we help businesses with tax assessments and ensure VAT compliance. We have a team of experienced chartered accountants, auditors, and tax professionals based in Dubai, UAE. Our VAT Consultants in Dubai are brilliant at their departments. Hence they provide you with error-free calculations of taxes. Our services complement the quality-oriented attitude with a customer-centric approach. We offer services with our VAT specialist, who examines your business transactions to ensure the applicability of VAT.
External audits include financial statements audits, operational audits, and compliance audits.
A qualified audit report certifies financial statements reflect a true and fair view. An unqualified audit report states that the financial statements reflect a true and fair view without any limitations.
Businesses registered under the trade-free zones hold trade licenses that require annual financial statements to be audited at the time of renewal.
Yes, external auditors can rely on internal audits.
Internal auditors are hired by the firm as employees to oversee the accounting and auditing services required by a company on a day-to-day basis. External auditors are independent and are hired as consultants.
External auditors double-check the same records that internal auditors work on to ensure quality control of internal audits.
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