Friday 26 November 2021

Crucial outlook of VAT compliance

 Rapid changes in business activities around the world and updated legal formality have made VAT registration challenging. Correct information reporting and also transparency while staying current on VAT compliance has to be met with a limited amount of time.

A taxpayer should update or amend the Federal Tax Authority (FTA) on any circumstance which has a direct impact on the records kept by FTA that was given during the initial registration period, and that too within the timeframe set by FTA.

Few circumstances that don’t need approval from FTA are:

  • GCC activities
  • Customs registration information
  • Business activities

But some amendments need approval from FTA. In this case, you can hire us to get help with the process. We are one of the best accounting firms in UAE.

We have highly experienced and approved auditors in Dubai. They will make VAT registration in Dubai seamless concerning the fields that need FTA’s approval and some restricted fields as well.

Our team has VAT compliance experts who will help you prepare and execute VAT registration amendments with the best accounting software with VAT. We offer a wide range of accounting services in Dubai as well.

1 comment:

  1. The information that you’ve shared in this blog is great. I like the way you present useful information regarding accounting services in Dubai.

    ReplyDelete

Specialized Software Optimizes Processes

  Specialized Software Optimizes Processes for UAE Companies Summary: The use of Customized ERP Software's in the United Arab Emirates...