Choosing the Right VAT Consultant in Dubai

1. Choosing the Right VAT Consultant Well before you get you apply and get your VAT registration in UAE, you should choose a right VAT Consultant in Dubai or in your emirates by initiating a thorough screening process. There is a lot of mushrooming growth of VAT Consultants in UAE which makes it even tougher to choose the right partner, however, you need to be fast. It’s worth to understand that choosing a right partner is critical and risky with respect to your compliance and decision making. Therefore, take the task as special project whether you are a small company in Dubai. As mentioned, the choices in the market are many, however keep following key points in mind. Qualified, Licensed and Age of practice The first and foremost element to keep in mind is the qualification and experience of your consultant. We recommend, don’t go to just another Tax Consultant in Dubai. Age of Consultancy practicing in UAE is another important element, your Tax Consultant must be in practice in UAE for at least 3 years. The simple rationale apart from their qualification and experience, is their own survival, if a consultancy in Dubai is up and running at least for 3 years, it means they are stable VAT Consultancy Firm who will be available and can support you long term. Business Partner not a Services Seller A business partner holds your hands, move with you and take you there by owning the assignment and creating mutual relationships, however a service seller will make the ticks and move on, the accuracy and completeness will remain at stake which will leave a lot of risk and exposure to the business. You can further refine it by sensing their mutuality approach, thinking in the best interest of your business should be the approach.

2. Range of service Many of the vat consultancy companies in UAE are offering a number of services, however, you should be looking for those vat consultants who are offering complete vat solutions, which includes vat registration rervices, vat implementation services and vat return submission services including vat refund consultancy. It will be a one stop shop for all your VAT related needs. Knows VAT Accounting as well General Accounting Accounting & Bookkeeping in Dubai was not that important to SMEs till end of 2017, however with the introduction of the VAT in 2018, it becomes an inevitable part of the businesses. Therefore, your Tax Consultant or vat accountant should be well versed with basic and advance concepts of accounting and vat accounting to under the changes due to introduction of vat. Your tax consultant should be able to guide your finance team on how to make and understand system changes. Therefore, we would highly recommend that your vat consultant should have expert knowledge in vat accounting, accounting and bookkeeping. Professional Feel, Organized and Disciplined Apart for having expert knowledge, a well disciplined and professional consultant makes the difference. Timely response, availability, approachability and delivery on time should be the main traits to consider while choosing your consultant. Written by: Mian Ehsan Karimi Partner Bens Chartered Accountant +971 50 625 6414 | info@bensauditors.com