VAT

What is the importance of VAT Voluntary Disclosure?

VAT Voluntary Disclosure is a process or a form introduced by the Federal Tax Authority (FTA) for the taxpayers to notify any error or omissions in the tax that they have already submitted. If the taxpayers get to identify some mistakes in VAT calculation or documents, it is the option…

How your VAT health check-up should be?

VAT health check-up is all about knowing the VAT status of the business and stay updated about the same.  The professional accountants help the taxpayers to know what is right and wrong in the VAT status and what changes are required. The taxpayers need to maintain the right record of…

Need for VAT Training for the taxpayers

Every taxpayer is not so well-versed with the concept of the VAT like a professional accountant or financial consultant.  The business owners know that they have to pay VAT at the end of the financial year but they do not know why and how they have to pay the same.…

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