Value Added Tax

 

 Value Added Tax (VAT) was introduced in the Gulf Cooperation Council (GCC) region, including the United Arab Emirates (UAE), on January 1st, 2018. This has caused concern among businesses operating in the UAE, as it impacts both local and cross-border transactions within the GCC and outside of it. In many countries where VAT or similar tax systems have been introduced in the past, they have been added to existing tax systems, but this is not the case in the UAE where the concept of taxation is new to most businesses. As a result, many companies are uncertain about how to start implementing VAT and what aspects of their operations should be given priority.

How Raes can help you?

At Raes UAE, our VAT team is dedicated to helping businesses navigate the new tax environment in the UAE and find solutions that fit their operations and industry. Our team includes experts from both our local and international offices, providing clients with a global approach to service delivery. With many team members having in-house experience, clients can be assured that our approach will be more business-focused.

 

We offer a range of end-to-end VAT services, including :

• VAT implementation that considers the people, processes, and systems involved

• Business impact analysis and recommended solutions

• Assistance with VAT registration

• Customized VAT workshops per industry

 

In addition to ongoing VAT services, such as calculating and reviewing VAT and supporting VAT return filing, our team is also equipped to handle ad-hoc VAT services, including dealing with queries from tax authorities and helping clients with tax optimization.

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