Tax Compliance
VAT & Corporate Tax
VAT | Value Added Tax
Following the issuance of Value Added Tax (VAT) in the United Arab Emirates (UAE) effective 1 January 2018, Digits Consultancy has launched a series of advisory services as part of its main objective to help businesses in the region maintain VAT compliance. We offer our VAT compliance and advisory services on various tax aspects.
VAT Registration
Tax mapping & VAT filling
Tax Audit advisory service
Tax Refund services
Tax Grouping and amendments
International Tax Advisory
Tax Compliance
Corporate Advisory
CT Tax Advisory
Corporate Tax Registration
CT Tax Compliance and Consolidated Return submission
Tax Filling and Payment support
TAX | VAT & Corporate Tax compliance services
Tax Refund and Tax Audit
Assistance in submission of Tax refund applications.
Assist in explanatory proceedings.
Assist during tax audit by authorities.
Additional Tax Return Filing Support
Perform additional reviews on tax accounting data and assist in general compliance related matters, as required in the data preparation process for the tax return. Assist in any FTA queries that may arise following the filing of tax return as long as this relates to underlying tax accounting data.
Filing & Submission
- Prepare Tax returns based on client’s information
- Assist in completing Tax returns to be sent to client for review and approval
- Filing the signed Tax returns.
- Regular updates on Tax laws and regulations
Registration Services
- Tax Registration & Grouping
- Tax Certificate
- Filing of documents to authorities
- Thresholds monitoring of business
- De-registration, if required
Other Available Tax Services
A range of Post-Tax implementation review services which we can assist with your VAT needs:
Ongoing VAT return review
High level review of the VAT return prepared by you from a VAT technical perspective. As part of the technical review, we will request information from you in order to assess the reasonableness of the VAT treatment of the sales and purchases data provided.
This information will include asking questions of management in respect of material AR and AP transactions to understand the VAT treatment applied and review of a sample of high value AP and AR tax invoices and credit notes (up to a maximum of 20 documents per VAT return). The work will be undertaken off-site unless agreed otherwise.
This information will include asking questions of management in respect of material AR and AP transactions to understand the VAT treatment applied and review of a sample of high value AP and AR tax invoices and credit notes (up to a maximum of 20 documents per VAT return). The work will be undertaken off-site unless agreed otherwise.
Ad-hoc VAT / CT queries assistance
Provision of on-call VAT / CT advisory services on issues where you are unclear of the VAT implications as and when you refer them to us. This shall include, but is not limited to:
- Tax advisory support in relation to specific technical issues or queries
- A review of business arrangements including contracts, invoices, structures and advising on the Tax position.
Any assistance provided would be in the form of emails, phone calls or meetings as requested by you. If agreed to be on a retainer basis, should there be unused advisory hours, you are permitted to carry forward the relevant hours to the next month.
Assistance with FTA liaison, communication and Tax audit
Assistance with VAT technical requests and correspondence with the FTA, as well as support during meetings with the FTA as required. This shall include, but limited to clarifications, tax rulings, voluntary disclosures and tax audits.
With each task, we will prepare and share the relevant draft documents/forms for Clients’ comments prior to submission. The documents/forms will then be finalized on the basis of the comments received and provided ready for Clients’ submission to the FTA.
With each task, we will prepare and share the relevant draft documents/forms for Clients’ comments prior to submission. The documents/forms will then be finalized on the basis of the comments received and provided ready for Clients’ submission to the FTA.
Transaction mapping | VAT & Corporate Tax
Review of the sales and purchases transaction mapping prepared by you to confirm whether the VAT treatments taken are appropriate, and up to date based on announced changes by the Authorities, including one meeting to discuss findings.
Document templates
Review of your tax invoice, debit, credit note and Tax clause templates to confirm whether they comply with the Tax law and whether any amendments are required (up to five documents). We will provide our comments over email.
Compliance process
Preparation and design of a Tax determination and CT reporting process for your business establishing a robust Tax compliance cycle for reporting and review of Tax returns.
The Tax compliance process would be in the form of a pdf document that addresses step by step how the Tax return should be compiled and prepared and who is responsible for each part of the TAX return process. In order to prepare the process, we would meet with your team once to discuss how your ERP system works and to understand the output from the system.
The Tax compliance process would be in the form of a pdf document that addresses step by step how the Tax return should be compiled and prepared and who is responsible for each part of the TAX return process. In order to prepare the process, we would meet with your team once to discuss how your ERP system works and to understand the output from the system.
Tax Training
Delivery of a full day Tax training session (including providing presentation materials) for your staff covering VAT fundamentals, Account Payable and Account Receivable, Tax accounting and preparing a VAT return. If you require, shorter training sessions can also be provided focused on specific function such as AR, AP or Tax Implementation and return preparation.