VAT & CT ASSISTANCE
Initial tax assessment
This is a meeting to inform you of how your business transactions will be impacted by VAT and Corporate TAX and what steps you need to take to move forward. This meeting requires you to fill out a short questionnaire detailing your business. We obliviously respect confidentiality. The outcome of this meeting will decide how and if you want to pursue anything further.
Tailored tax assessment
This would be the natural step after the first meeting to determine which of your transactions are impacted by VAT and Corporate TAX by how much. This can include allocating your costs to supplies that are exempt from VAT, how to handle import and export from GCC countries as well as Non-Member countries. An important part of this stage is also reviewing current contracts. We can also pursue this process with your staff for training purposes going forward while we remain at your disposal through the initial process for hand holding.
Tax registration and return
We help your company get registered for VAT and Corporate tax; The quarterly VAT return is calculated and documented with supporting attachments for you to be able to pay or request a refund from the government. We will even fill out the form for you so all you need to do is log in online pay. As well as the annual corporate tax is calculated and filed at the end of your financial year.
Invoices
Following the new tax law invoices need to follow a standard with specific rules on what information to provide on your invoice. We can do this once and even update your system/templates.
