VAT Compliance Review

Navigating the ever-changing tax landscape

VAT is a self-assessment transactional tax. It is the taxpayer’s responsibility to ensure that the extensive obligations imposed by the legislation and regulations are fulfilled and that VAT is correctly accounted for, collected and paid over to the Federal Tax Authority. The onerous obligations placed on taxpayers in operating this high-risk transaction-based tax is difficult to navigate. We operate in a constantly-evolving tax, operational and technologically-driven landscape which bring in more risks for taxpayers.

MBG Corporate Services targets in finding out disparities in your organisational VAT policies and appropriate procedures as per the UAE VAT Laws with our VAT Compliance Review. A VAT Compliance Review is more of a necessity than an option since it will prepare your organisation to face a VAT Audit. To avoid falling under the prospect of non-compliance with VAT, it is always better to have a third-party consultant to conduct the VAT Compliance Review in your organisation.

Our VAT Compliance Review will help you in understanding the causes of non-compliance and address them for the future. It will help you in identifying the areas which require rectification while assuring the accuracy of taxes remitted. We support companies in meeting Tax Compliance obligations, optimise costs, mitigate risks and avoid unnecessary penalties.

MBG Corporate Services provides a host of Compliance Review and Outsourcing Services to assist companies in the ever-evolving regulatory landscape. Our VAT Compliance team reviews the client’s compliance framework and all the VAT reports and our experts support clients to remediate after identification of the loopholes in the compliance system. Our experienced team will further ensure that the entity does not create any VAT issue for the customer and other businesses which can adversely affect the business reputation and commercial relationships.

What can we help you achieve?

Stay one step ahead in a rapidly changing world and build a sustainable future with us.

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Explore more VAT services:

VAT Health Check

VAT Refunds

Assistance in FTA Audit

Voluntary Disclosure

Reconsideration for VAT Penalty Waiver

Exception Form

Transaction Advisory on VAT

Tax Agency Services