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VAT Help
Hi Folks, i was wondering if anyone could please recommend a company/agent who i could engage to help us set up for VAT.
I approached our auditors KPMG, and they came back with a proposal with a fee of frigging $57k!:eek: We are a small company in Dubai (annual turnover £7m) and our operations are fairly straight forward and so this fee just seems way over the top (the proposal seems to be geared up for a much bigger and complex organisation). I don't need anyone to assist me in setting up for the actual calculation of the VAT, since I can manage this myself using our own in-house finance software. What I need help/advise/guidance on is getting the company registered for VAT and working out which of our services and goods were will be subject to VAT, zero rated, exempt etc. If anyone could recommend someone/a company, then i would be very grateful. Thanks. |
Re: VAT Help
I got an invite to the following in a couple of weeks - not sure how much to attend, but considerably less than $57k. Contact details are at the end
With the VAT forum fast approaching, I wanted to make sure you are aware of some of the key sessions that will be covered over the course of 2 days (Meydan Hotel, Dubai, UAE). These will be presented by tax experts from the Big 4 plus other finance experts in the region. DAY ONE: 11 SEPTEMBER 2017 VAT framework, law overview, planning and preparation VAT framework and law overview: Introducing VAT in the GCC Planning and preparation: The ultimate VAT business checklist The CFO perspective: Learning from the region Key VAT business impacts: Identifying risks and challenges Covering all bases: Managing internal and external communications Cash flow management in focus: Protecting your finances Avoiding complexities: Understanding intra-GCC and cross-border transactions under VAT Sales and marketing: Managing demand of goods and services Beyond VAT implementation: Avoiding costly penalties Post-implementation: How to avoid pitfalls? Lessons learnt from around the globe: Mitigating risks and preventing penalties ERP or Engine? Understand your options for the fastest and most impactful solution for VAT in the GCC GCC VAT Q&A: Your questions answered One-to-one VAT advisory sessions: Gain access to private one-to-one consultation sessions allowing you to benefit from first-hand insight from the Big 4. DAY TWO: 12 SEPTEMBER 2017 Managing your system impacts to achieve compliance Sector-specific VAT streams so you get the information most relevant to you. VAT in development and construction VAT in financial services and banking VAT in oil and gas VAT in retail, hospitality, travel and tourism Download the agenda to find out more details! We’ve had huge interest in this event and expect seats to sell out fast. If you think you might benefit, then you’ll want to secure your seat at our early bird rate today! Hurry! View the pricing and register online before 3 August to save up to US$100. (Please have your credit card ready while making the payment online) We look forward to meeting you at the event. Kind regards, Joanne Mount Conference Director - IQPC Middle East Tel: +971 4 364 2975 Email: [email protected] P.S. Want to see which companies attended our previous VAT forums? Download the attendee list now>> |
Re: VAT Help
Mission, there is a website dedicated to it that someone shared.
This has some info but isn't the one I saw before; VAT There's a special bit for businesses too. Remember - the government want your VAT revenue, they'll have ways of helping you to make sure they get it. |
Re: VAT Help
I believe there are a couple of Nigerians willing to help, they have some blank forms that when you pour the magic liquid on them shazam completed VAT forms!!!!
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Re: VAT Help
Price x 1.05 = Price inc VAT.
$56 K please. :-) |
Re: VAT Help
Originally Posted by Mogs
(Post 12327510)
I got an invite to the following in a couple of weeks - not sure how much to attend, but considerably less than $57k. Contact details are at the end
With the VAT forum fast approaching, I wanted to make sure you are aware of some of the key sessions that will be covered over the course of 2 days (Meydan Hotel, Dubai, UAE). These will be presented by tax experts from the Big 4 plus other finance experts in the region. DAY ONE: 11 SEPTEMBER 2017 VAT framework, law overview, planning and preparation VAT framework and law overview: Introducing VAT in the GCC Planning and preparation: The ultimate VAT business checklist The CFO perspective: Learning from the region Key VAT business impacts: Identifying risks and challenges Covering all bases: Managing internal and external communications Cash flow management in focus: Protecting your finances Avoiding complexities: Understanding intra-GCC and cross-border transactions under VAT Sales and marketing: Managing demand of goods and services Beyond VAT implementation: Avoiding costly penalties Post-implementation: How to avoid pitfalls? Lessons learnt from around the globe: Mitigating risks and preventing penalties ERP or Engine? Understand your options for the fastest and most impactful solution for VAT in the GCC GCC VAT Q&A: Your questions answered One-to-one VAT advisory sessions: Gain access to private one-to-one consultation sessions allowing you to benefit from first-hand insight from the Big 4. DAY TWO: 12 SEPTEMBER 2017 Managing your system impacts to achieve compliance Sector-specific VAT streams so you get the information most relevant to you. VAT in development and construction VAT in financial services and banking VAT in oil and gas VAT in retail, hospitality, travel and tourism Download the agenda to find out more details! We’ve had huge interest in this event and expect seats to sell out fast. If you think you might benefit, then you’ll want to secure your seat at our early bird rate today! Hurry! View the pricing and register online before 3 August to save up to US$100. (Please have your credit card ready while making the payment online) We look forward to meeting you at the event. Kind regards, Joanne Mount Conference Director - IQPC Middle East Tel: +971 4 364 2975 Email: [email protected] P.S. Want to see which companies attended our previous VAT forums? Download the attendee list now>> unfortunately 11/09 coincides with my Aug month end reporting deadlines and hence not possible to attend:(
Originally Posted by Scamp
(Post 12327576)
Mission, there is a website dedicated to it that someone shared.
This has some info but isn't the one I saw before; VAT There's a special bit for businesses too. Remember - the government want your VAT revenue, they'll have ways of helping you to make sure they get it.
Originally Posted by Dubaiexile
(Post 12327616)
I believe there are a couple of Nigerians willing to help, they have some blank forms that when you pour the magic liquid on them shazam completed VAT forms!!!!
Originally Posted by jam25mack
(Post 12327647)
Price x 1.05 = Price inc VAT.
$56 K please. :-) |
Re: VAT Help
Originally Posted by Luke Wilson
(Post 12337220)
Hi Mission
I would be happy to help. Message me your contact details and I will gladly help. Luke |
Re: VAT Help
Originally Posted by Dubaiexile
(Post 12337251)
Whey hey you`ve pulled
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Re: VAT Help
Originally Posted by mission
(Post 12337838)
looks like i still got it :p
Shame he has been deleted, could have been the love story of your life...long romantic walks in your PJ`s chatting into the night about VAT........ |
Re: VAT Help
Originally Posted by Dubaiexile
(Post 12337913)
Whoooo Hooooo
Shame he has been deleted, could have been the love story of your life...long romantic walks in your PJ`s chatting into the night about VAT........ |
Re: VAT Help
has anyone either registered their company or had their company registered for VAT yet?
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Re: VAT Help
Said the financial controller, with a hint of panic.
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Re: VAT Help
Originally Posted by Scamp
(Post 12348849)
Said the financial controller, with a hint of panic.
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Re: VAT Help
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Re: VAT Help
Last one I think might be the one you are looking for
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