OUR SERVICES

– VAT Consultancy

We provide professional VAT consultancy to our clients, while helping them to prepare for VAT by assessing, implementing and complying with VAT Laws and ensuring appropriate documentation process for any subsequent verification by the Federal Tax Authority (FTA).

• VAT IMPLEMENTATION

1. We make sure that the relevant books and records are maintained in the appropriate manner.
2. We ensure that the accounts payable function evidences that Input VAT paid is recovered where permitted as quickly as possible.
3. We ensure that the accounts receivable function understands when Output VAT should and should not be charged, and it is accurately accounted for at the applicable rates.
4. We update of the invoice templates to ensure that all relevant information for VAT Invoices are included.

• VAT ADVISORY

Tax Adepts has experienced VAT Consultants with extensive knowledge and practical experience of taxation. We provide advice to companies of all sizes and sectors.

• VAT REGISTRATION

COMPULSORY REGISTRATION

Business must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000.

VOLUNTARY REGISTRATION

Business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold, but exceed the voluntary registration threshold of AED 187,500.
Similarly, a business may register voluntarily if their expenses exceed the voluntary registration threshold.
Tax Adepts can assist your company to register and obtain your TRN in UAE

• VAT DEREGISTRATION

A Registered person may apply for Tax Deregistration
a. If he stops making Taxable Supplies.
b. If the value of the Taxable Supplies made over a period of (12) consecutive months is less than the
Voluntary Registration Threshold
Tax Adepts can assist you to deregister from Federal Tax Authority

• VAT RETURN FILING

Our professional VAT consultants accurately compute VAT amount and file returns as per applicable laws to provide you financial peace of mind and to save your business from penalties

• VAT REFUNDS

We assist our customers for claiming VAT refund from Federal Tax Authority as per applicable law if their input tax exceeds output tax.

• VAT AUDIT ASSISTANCE

We are proficient for assisting in VAT audits and we advise our clients to get professional opinion in dealing with the Federal Tax Authority to avoid risks involve in VAT Audit.
Therefore we have developed VAT Audit Assistance Service for companies and we provide this service in following ways
1. Auditing your business before any Tax Audit and provide assurance on tax compliance.
2. Assist your company during a formal Tax Audit, gaining from our expert knowledge of VAT law in the GCC.

– ACCOUNTING SERVICES

As per VAT Law every registered person is required to maintain and hold following books of accounts for a period of 5 years from the end of that tax period.

A. Accounting books relating to payments and receipts, purchases and sales, revenue and expenditures
B. Balance Sheet and profit and loss account
C. Records of wages and salaries
D. Records of Fixed Assets
E. Inventory records and statements including quantities and values
F. Additional record as may be required by Federal Tax Authority

– AUDIT

As per VAT Law every registered person is required to maintain and hold following books of accounts for a period of 5 years from the end of that tax period.

A. Accounting books relating to payments and receipts, purchases and sales, revenue and expenditures
B. Balance Sheet and profit and loss account
C. Records of wages and salaries
D. Records of Fixed Assets
E. Inventory records and statements including quantities and values
F. Additional record as may be required by Federal Tax Authority

– ACCOUNTING SOFTWARE

Automate your business with implementation of VAT based ERP/ Accounting software

TAXADEPTS PROFESSIONALLY PROVIDE FOLLOWING ERP RELATED SERVICES
  • ERP software selection according to business needs
  • Business Process Re-Engineering (Define objectives and frameworks)
  • identify customer needs, study existing process, formulation and
  • Implementation of redesigned plan.
  • Business and IT alignment
  • Data migration and integration
  • Optimization and implementation of ERP
  • Training of staff
  • Technical support for ERP

– COMPANY INCORPORATION

As per VAT Law every registered person is required to maintain and hold following books of accounts for a period of 5 years from the end of that tax period.

A. Accounting books relating to payments and receipts, purchases and sales, revenue and expenditures
B. Balance Sheet and profit and loss account
C. Records of wages and salaries
D. Records of Fixed Assets
E. Inventory records and statements including quantities and values
F. Additional record as may be required by Federal Tax Authority

– RECRUITMENT SERVICES

We provide professional VAT consultancy to our clients, while helping them to prepare for VAT by assessing, implementing and complying with VAT Laws and ensuring appropriate documentation process for any subsequent verification by the Federal Tax Authority (FTA).

• VAT ADVISORY

Tax Adepts has experienced VAT Consultants with extensive knowledge and practical experience of taxation. We provide advice to companies of all sizes and sectors.

• VAT DEREGISTRATION

A Registered person may apply for Tax Deregistration
a. If he stops making Taxable Supplies.
b. If the value of the Taxable Supplies made over a period of (12) consecutive months is less than the
Voluntary Registration Threshold
Tax Adepts can assist you to deregister from Federal Tax Authority

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