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
Software support for VAT accounting
Ad-Hoc VAT Services