VAT Implementation – 3 Phase Process


Phase 1: Impact Assessment

  • Perform detailed analysis of end-to-end business transaction flows
  • Perform walkthrough of the sales/accounts receivable cycle and purchases/accounts payable cycle and identify VAT risk areas.
  • Mapping transaction for VAT enablement (tax mapping)
  • Provide report on VAT compliance needs.

Phase 2: VAT Implementation and Training

  • Review existing IT system and assess their suitability for VAT enablement.
  • Review system design and monitor the implementation of the recommend changes to IT systems.
  • Work with inhouse IT team/Vendors to finalize and identify the customizations necessary to be made to IT system to ensure that system meets UAE VAT law requirements.
  • Conduct a function -specific VAT workshop to personnel in preparation to meet the VAT compliance obligations.

Phase 3: Compliance Assistance

  • Assist in VAT registration
  • Guidance on first VAT return filing and related documentation and representing tax authorities on VAT issues.
  • Provide Periodic VAT updates

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About Us

Kudos PRS operates in UAE since 2009 and Our Chartered accountant services offer Audit & Assurance services, Accounting services, Taxation and Management Consultancy, VAT and TAX Advisory, Financial Audits and book keeping Services, Business and management consultancy Services.