VAT Services
VAT Consultants
Like any new legislation, there are always challenges that businesses face while preparing themselves for VAT. We have an exclusive team of trained VAT Consultants.
Our experienced VAT team in the Lower Gulf, along with international VAT experts across the Gnosis network have been advising and implementing strategies to help organizations comply with their VAT obligations and reduce VAT liabilities and particularly for clients without full VAT recovery.
Our Approach to VAT Services
VAT and indirect taxes are transaction driven, complex, and can have a major impact on your bottom line. At Gnosis, we can help with VAT and indirect taxation
across the whole business lifecycle, from when your company is formed through to detailed structuring of transactions and assistance in terms of litigation. Gnosis will ensure that all the functions of your business are in line with the laws of the Federal Tax Authority (FTA). Our VAT Agents will ensure complete VAT compliance such as proper VAT invoice format and timely filing of VAT returns and many other operations that will help you achieve your goals. Gnosis is fully equipped with a team of professional and experienced VAT experts who will help you to run your business smoothly by providing the best and authentic VAT services. Our VAT experts will understand your business and evaluate the impact of VAT on your business.
VAT Implementation
While VAT is not intended to be a tax on business, collecting the tax and remitting it to the government will have significant compliance costs.
There could also be cash flow implications. Supply chains need to be reviewed to understand the impact of VAT. VAT costs and accounting obligations will need to be identified so they can be addressed. There are also implications for IT systems. Adapting to VAT will mean updating or upgrading ERP and IT systems and interfaces to correctly capture input and output VAT. Governance frameworks will also need to be reviewed and updated to ensure policies, processes and controls comply - a continue to comply - with VAT legislation.