We offer complete support for Value Added Tax (VAT) issues, such as guidance on VAT laws, help on company VAT registration, and timely filing of VAT returns to guarantee those regulations are complied with.
Assisting with VAT implementation, impact analysis, necessary accounting records and system changes, and training accountants within organizations.We have an exclusive team of trained VAT Consultants. Our experienced VAT team in the Lower Gulf, along with international VAT experts across the BMS network have been advising and implementing strategies to help organizations comply with their VAT obligations and reduce VAT liabilities and particularly for clients without full VAT recovery.
Compliance, in general, refers to the act of adhering to laws, regulations, industry standards, and ethical practices applicable to a particular business or industry. Compliance plays a crucial role in keeping businesses safe. Adapting to VAT will mean updating or upgrading ERP and IT systems and interfaces to correctly capture input and output VAT. Governance frameworks will also need to be reviewed and updated to ensure policies, processes and controls comply - a continue to comply - with VAT legislation.
