VAT Advisory/Compliance Services

Our Impact Analysis services provide a comprehensive understanding of the implications of Value Added Tax (VAT) on businesses. We start by thoroughly examining business transactions and determining the applicability of VAT. By identifying potential areas of impact, we help businesses anticipate and prepare for the effects of VAT compliance. Our analysis also includes assessing the impact on cash flows and working capital, ensuring businesses have a clear understanding of the financial implications. Furthermore, our transitional compliance support offers assistance with VAT registration, customized training, and workshops to help businesses navigate the changes. We review and amend existing contracts, develop standard operating procedures (SOPs) and compliance manuals, and provide IT diagnostics and modifications to adapt to the current or new IT systems. Our goal is to design new corporate and business documentation that aligns with VAT requirements. Finally, our post-VAT implementation support covers computations for input credit eligibility, assistance in filing VAT returns and adapting to any legislative changes that may occur. With our VAT Accounting & CFO services, we review and analyze existing charts of accounts, provide routine accounting help including VAT accounting, maintain supporting documentation, and offer support for statutory compliance, including updating VAT master data of vendors and conducting vendor reconciliations for VAT credits