In Order to VAT Compliance, the checking of accuracy, correctness and VAT compliance transactions for supporting the business records and avoid fines from Federal Taxation Authority.
The Taxation department at Capital Round have a professional team who are not only experienced in United Arab Emirates but in Europe and United Kingdom.
- Checking the format of Tax Invoices as per FTA Compliance
- Review of compliance on business records and transactions
- VAT Input Claims supports the compliance documents
- Claimable purchases have full set of documents and are properly being claimed
- The Expense claims are under the guideline of Taxation rules framed by FTA
- Goods imported into UAE are properly reported and documented
- Application of Zero rated and Exempt supplies are properly reported
- Tax Invoices for Standard rated supplies by state wise are showing the correct and fair view of transactions.
- Supplies subject to reverse charge provision are properly documents and are in VAT Compliance
- Tax Refunds provided to tourists under the tax refunds of tourists scheme