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
