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VAT has been introduced in the UAE since January 2018. Since then, it has been a rising concern among business owners to make sure they are compliant with the VAT Laws.
The Federal Tax Authority (FTA) has been screening and regulating the VAT Laws and heavy penalties have been imposed for non-compliance; thus making it crucial to review the compliance.
We ensure that you recover maximum VAT input, as per FTA guidelines. We also make sure the amounts claimed are accurate and as per the rules.Thus, input review ensures that VAT Refunds are applied and claimed in a timely manner.
This review makes sure that your business is charging the relevant VAT over taxable supplies.
We make sure that the correct VAT treatment is being made on your salesError-free VAT? Get your VAT Health Check-up!
Flyingcolour® assists in all types of accounting, bookkeeping, value added tax (VAT) related advise and VAT return filing, issues related to Federal Tax Authority (FTA), Economic Substance Regulation (ESR) related matters, monthly account related reporting to management (MIS), payroll services, excise and custom related claims and high quality outsourced CFO services through our team of experienced chartered accountants. We have attractive customized monthly accounting packages.