Well before you get your VAT registration in UAE, I would recommend you should choose the right VAT Consultant by initiating a thorough screening process. There is a lot of mushrooming growth of VAT Consultants in UAE which makes it even tougher to choose the right partner; however, you need to be fast. Consider the following key elements:
Qualified, Licensed and Age of practice
The first element is the qualification and experience of your consultant. I recommend, don’t tie up with just another Tax Consultancy in Dubai, it must be in practice in UAE for at least 3 years. It means they are stable consultancy firm who can support you long term.
Business Partner vs Seller of Services
A business partner holds your hands, move with you and take you thereby owning the assignment by creating mutual relationships and value, however, a service seller will make the ticks and move on, hence the accuracy and completeness of vat accounting and return will remain at stake leaving a lot of risk and exposure for the business.
Range of service
Many of the vat consultancy firms in UAE are offering a number of services; however, you should choose a firm who are offering complete vat solutions including vat registration services, vat implementation and vat return submission services including vat refund consultancy, a one-stop-shop for all your VAT needs.
Knows VAT Accounting as well General Accounting
Your tax consultant should be well versed with basic and advanced concepts of accounting and vat accounting to understand vat related changes, they should be able to guide your finance team on how to make and understand system & process changes.
Professionalism, Organization and Disciplined
A well-disciplined and the professional consultant makes the difference. Timely response, availability, approachability, and delivery on time should be their main traits.
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