The GCC-wide introduction of
Value Added Tax (VAT) from January 1st, 2018, has risen 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 Crowe can help you?
The VAT team in Crowe UAE supports businesses to navigate the new UAE tax environment and provide solutions which suit their business model as well as industry. The team consists of VAT experts from our international and local offices with decades of combined experiences. This combination gives the advantage for our clients, both local and multinational, to have the glocal approach in the service delivery. In addition, with the “in-house” experiences from most of our team members, the client can assure 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
Ongoing VAT Services
- Calculate or review calculation of VAT
- Support in VAT return filing
Ad-Hoc VAT Services
- Dealing with queries from the tax authority
- Tax optimization
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