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VALUE ADDED TAX

VALUE ADDED TAX

The GCC-wide introduction of Value Added Tax (VAT) from January 1st, 2018, has raised concerns among businesses in the UAE. This will impact not only businesses with local transactions but also cross border transactions within the GCC and non-GCC countries. In most of the countries where VAT or similar taxation was introduced in the past, it had been an addition to the existing taxation systems. Whereas in the UAE, the taxation concept is new to most of the businesses. Thus, it is not uncommon for businesses to have doubts as to the starting point to implement VAT and which aspects within their operation are to be prioritized.

How NUF can help you?

The VAT team in NUF supports businesses to navigate the new UAE tax environment and provide solutions which suits best to their business model as well as industry. The team consists of VAT experts with decades of combined experiences. This combination gives the advantage to our clients, both local and multinational, to have the global approach in the service delivery. In addition, with the “in-house” experience of our team members, the client can be assured that our approach will be more business oriented rather than theoretical.

The range of our end-to-end VAT services is:  VAT implementation with the people, process, and system approach

  • Business impact analysis and Consulting
  • VAT registration support
  • Tailor made VAT workshop as per industry
  • Know how of VAT for your Organization
  • VAT competent software implementation for Business Process

    Ongoing VAT Services
  • VAT accounting for the company books 
  • Assist in or review calculation of VAT (liability)
  • Support in VAT return filing to avoid penalties 

Software support for VAT accounting

Ad-Hoc VAT Services

  • ​Dealing with queries from the tax authority
  • Tax optimization 

    Do not put your company at threat. Take advantage of the pre-implementation period now, otherwise your company could risk fines and avoidable regulatory burden. Let us take complete care of your organization's VAT compliances so that you can continue growing your business as before.

    Important : For better understanding of GCC VAT and how you can prepare your organization before VAT commissioning in the UAE please register for your free VAT session on following link –

    https://www.surveymonkey.com/r/EmailbereadyforVAT