The 5th question is
When was the supply made?
VAT is a comprehensive framework that you cannot simply implement haphazardly. Thus, we provide comprehensive services of VAT Advisory services including:.
Let’s examine each of these services in detail
1: VAT Training
Each of our advisors has a minimum of 10 years of Tax and industry-specific experience. We offer a 5-day workshop on VAT, providing basic, intermediate, and advanced training tailored to the different needs of our client’s staff and business activities. Following the workshop, we offer an 8-week coaching regiment covering the following elements:
a. VAT Goods/Services, Geographies & Clients Classification
b. VAT Calculation Components (Input, Output, Adjustments, Reverse Charges)
c. VAT Calculation, Payment and Returns Cycle
d. VAT Registration
e. VAT Laws & Regulations Sources
f. VAT Case Studies & Exercises
2: VAT Business Registration
We initially guide the client, or act on their behalf, in the process of submitting the registration application to the Federal Tax Authority (FTA).
Additionally, we deal with all registration process requirements till the issuance of the Taxable Person Registration Number (TRN) and the VAT registration certificate.
3: VAT Assessment
Assess the client’s VAT compliance requirements and direct the client on how to fulfill these requirements and avoid penalties.
4: VAT Bookkeeping
Assess and advise the VAT registered Taxable Person on the documents, books, reports, and records, and how they must be kept according to the Client’s business activities and the different UAE legislative requirements.
5: VAT Consultancy
Upon request, Themaar can provide the client with a professional opinion regarding any VAT related issue.
6: VAT Return Audit and Reporting
Guide the client or act on their behalf on the submission of the periodical VAT returns in the most appropriate way.
7: VAT Audit Procedure
Perform a pre-planned continuous audit on the client’s procedures and accounting transactions that are subject to VAT compliance, all in order to guide the client to a legal and compliant result.
8: VAT Tax Agent Representation
Represent the client before the FTA and assist them in the fulfillment of their Tax obligations and the exercise of their associated Tax right.