The introduction of VAT in the UAE has brought challenges to businesses. While companies need to study the after-effects of imposing VAT on business transactions, pricing, and profitability, the offerings by BMS Auditing are suitable for the requirements of all businesses in the UAE.
VAT Consulting Services
Since VAT implementation on January 1, 2018, businesses have encountered various compliance issues because of the change in regulations. Our concentrated team of trained VAT consultants, further supported by VAT experts across the globe, within our BMS network, is there to meet the needs of organizations in fulfilling VAT requirements and optimizing their VAT liabilities.
Approach to VAT Services
VAT and indirect taxes are quite complex and also affect the bottom line of any company to a significant extent. BMS Auditing offers fully integrated VAT services in all the steps of a business life cycle, starting from formation up to transaction structuring and litigation support. Our VAT professionals will ensure that the operations will strictly comply with the new Federal Tax Authority regulations, and full support will be given in the form of VAT invoices, regular and timely submission of VAT returns, and much more.
Overcoming VAT Implementation Challenges
It is not normally free and can be expensive in cash flow to businesses. The supply chain should be examined, VAT-related expenses must be identified, and the IT systems need to be developed for managing input and output VAT. Our team will help any organization successfully pass the immense challenges of VAT compliance with constantly changing legislation.
Our Complete Package of VAT Services
Being an approved Tax Agent, BMS Auditing offers the following VAT services in the UAE:
- VAT Registration
- VAT return filing
- VAT refund
- VAT audit
- VAT accountancy
- VAT deregistration
In addition to our VAT services, we have a full scope of professional auditing and accounting solutions concerning the needs of different businesses, such as conducting feasibility studies, AML compliance, registering UBO declarations, opening bank accounts, liquidating companies, due diligence audits, accounting services, CFO services, amongst others; business valuations.
BMS Auditing focuses on providing business support in navigating VAT complexities in the UAE and staying compliant.
