GCC countries are moving towards taxation reforms in the region. UAE has already declared the first reforms by introducing Value added Taxes (VAT) from January 1^st 2018. The government has set up the Federal Tax Authority for maintaining records on taxpayers and taxes paid. The New Federal commercial law introduced in 2015 has already emphasised the need to maintain and preserve proper books of accounts. Maintaining proper accounts and preserving records are no longer a choice of the business owners but an obligation.

The business is going to be the tax collector for the government & it is their responsibility to abide by the law. As per various surveys published in the media many SME business units are not prepared to adapt this changing requirement.

Apt Management consultancy is now offering services to assist SME companies to prepare for VAT.

We offer the following services as part of Apt VAT consulting.

• VAT awareness training
• Business discovery, Impact Assessment, Review of ERP systems & other process
• Updates on the VAT law procedures on registration/guidelines
• Monitoring the progress of internal preparations /support for external preparation.
• Testing of systems for VAT reporting
• Go live and submission of returns
• Periodic VAT compliance checks

We are also partnering with experts from other domains (Legal, Technology &HR ) and VAT professionals from other regions to offer additional services.