VAT Consulting

Tax-Law

As announced by the Ministry of Finance, starting 1st January 2018, Value Added Tax (VAT) is going to be implemented across the UAE and will become an indispensable part of business transactions in the UAE.

The enforcement of new tax laws in the country will bring about varied impacts on businesses. It will become crucial for your company to analyse its impacts on pricing, suppliers, accounting and financial reporting programs & legal framework.

We, at Mukeshkumar Shah Chartered Accountants with our knowledge & expertise provide you advisory & assistance in VAT Impact Assessment on existing systems in your business as well as help in implementation of VAT company-wide.

VAT Services

The introduction of VAT in the UAE has brought about a huge fiscal reform in the country which has increased the complexity of operating businesses. It has become imperative for businesses as well as individuals to ensure their operations and accounts can withstand public scrutiny.

Mukeshkumar Shah Chartered Accountants take into account that tax strategy is an essential part of your overall business strategy and we ensure that you are able to meet your business goals and objectives keeping efficient tax strategies in mind.

We offer a full range of services to various companies and individuals in designing, implementing and defending their overall Value Added Tax strategy.

We offer strategic tax solutions for all facets business activities including entry strategy, holding company analysis, capitalisation, supply chain issues, Intellectual Property Right planning, tax incentives, cash repatriation and structuring of sale/exit.

We also provide tax advisory services for structuring, planning and risk management.

Mergers, Acquisitions & Firm Restructurings are becoming the pattern for businesses seeking growth to a much a greater extent than before.

A successful Merger or Acquisition is ensured due to keeping in mind various tax policies and regulations. Especially, in the context of first generation owned businesses, restructuring of family holdings with a view to ensuring seamless and efficient succession becomes important.

Mukeshkumar Shah Chartered Accountants present comprehensive solutions for all aspects of M&A and restructuring activities which include due diligence, mergers & acquisitions, joint ventures, demergers, restructuring of family holdings and other group restructurings along with post deal integration and compliance support.

Tax administrations need to have adequate information in order to effectively oversee compliance with the law and to make informed choices about scrutiny and investigation of taxpayers. Compliance is a full-time function directed towards effectively managing the growing need for providing information and documentation required under tax laws.

Mukeshkumar Shah Chartered Accountants provide help to the tax team in reviewing the documents to be filed with the tax authorities such as registration applications, transition stock statements and credit transition documents.

We also provide advisory based on which goods and services can be valued for payment of VAT and review records,  sample invoices & credit/debit note formats and VAT returns which are to be filed by the company and to be maintained under the new tax law.

Contact us
for more information
on VAT.