Enterprise VAT Reporting
Our service is inclusive of a state of the art platform to transactionally validate all your system VAT postings and rating to provide greater confidence to your VAT return.
We will work with you to highlight errors to improve accuracy and significantly reduce the time required to prepare your VAT return.
PROMOTIONAL OFFERS
As a busy financial or tax professional, preparing an accurate VAT return can be challenging if you have thousands of transactions from your IT system.
Save 50% from your time spent on VAT reporting, costs and improve the accuracy of your returns by 60%.
Enterprise VAT is an easy to use service that will check all your transactional data against our VAT library, identify error postings and prepare your VAT report.
Our service could save you significant costs and allow you to prepare a 100% transactional checked VAT return in minutes.
*Initial Consultation is FREE
OUR DIFFERENCE
What Sets Our Service Apart
Experienced Advisors
No Impact to IT Systems
Complex Tax Group Support
VAT Reporting Engine
Saves Cost & Time
OUR EXECUTION
How We Deliver
Preparation
We set up your service to define your transactional scenarios and tax codes for accurate processing.
Processing
Our state of the art platform can process 10,000’s of entries in minutes and identify possible errors for review.
Reporting
Generate an online report which you can confidently submit to the FTA.
Want to Improve Cost & Performance?
We’ll provide best practice quality processes, expertise and platforms to run your business more effectively.
TESTIMONIALS
“Simply Solved is pretty amazing when it comes to helping us with our VAT filling. We don’t have much information with regarding to the New VAT Law of Dubai but with SimplySolved guiding us, we easily managed our VAT in no time.”
“Simply Solved helped us very well to reduce our VAT issues, they are providing us extremely good and proper service including a platform.”
Feel free to contact us for any clarification.”
“Our transactions are complex and we were unsure how to manage the new VAT rules, with Simply Solved they helped us fully comply to the FTA and submit our report with all the details available for us to understand”
Tools & Resources
Our accounting guides and resources are designed as self-study guides to learn accounting and finance at your own pace provided to you by SimplySolved
Whitepapers
Case Studies
Blogs
Important Changes On Tax Residency Certificates Under Cabinet Resolution No. 57 of 2020
Important Changes On Tax Residency Certificates Under Cabinet Resolution No. 57 of 2020 Background On 10 August 2020, the UAE Cabinet of Ministers issued Cabinet Resolution No. 57 of 2020 (the “amended ES Regulations”) which replaces the original ES...
FAQ's
When do you need to register?
You must register if your taxable supplies will exceed AED375,00 in the previous 11 months and next 30 days. Alternatively you can register on voluntary basis if taxable supplies or purchases will exceed AED187,500
What is required to register successfully?
The FTA will require complete and thorough documentation for your business and supplies as evidence to grant a TRN. We normally conduct a detailed review to prepare a submission.
What are the possible penalties?
Failure to register on time incurs AED20,000. You may also incur late filing and interest penalties for late payment of taxed due. Failure to de-register on time incurs a AED10,000 fine
What activities are not subject to VAT?
There are several scenarios that can be considered out of scope. This requires a considered review of your supplies made, transaction and supporting documents. Our team would assess this and provide guidance as a client.
How does VAT affect FreeZones?
Yes. Free Zones are affected by the Executive Regulations. They are subject to special provisions for goods compared to mainland entities.
LET US SIMPLYSOLVE IT FOR YOU
Schedule a Consultation
Whether you have an existing finance, Tax, HR, and IT function operating its own system and process or a small company needing a complete outsource services, we have the flexibility to serve your business.
