RETAINER SERVICES PLAN- VAT

Under this plan, we undertake detailed verification of VAT Accounts to confirm the accuracy of VAT Accounting; Provision, VAT Due; Input & Output; Paid, Invoiced, Collected, Balance due, VAT Refund; Due, Collected, Balance etc.

It is desirable to outsource the VAT Accounting to professional organization like ours in order to confirm that the Net VAT position derived is free of errors and omissions as any in accurate information generated will lead to imposition of penalty by the competent Authority in UAE ( Federal Tax Authority) included in the packages are the preparation of VAT statement and periodical submission of VAT Returns with FTA within the stipulated deadline and monitor on the VAT payments to FTA- Another important service we provide is to claim tax refunds and to file and represent the client in case of Tax Appeals etc. Frequency: Monthly or Quarterly- Depending upon transactions volume.