Global VAT implementation around the world vary by country, yet noncompliance penalties are a shared trait, even in cases of unintentional or mere clerical errors. As taxation and VAT expertise is limited in the GCC, our involvement, resources and skill will ensure accurate and timely compliance, eliminating that risk all together.
Our teams can perform a complete range of VAT tax compliance services, including preparation and submission of all returns and maintenance of the support documents.
Whether you are in dispute with a tax authority, or in the process of claiming refunds, RNG specialists can help you ensure that your case or claim is professionally presented, technically sound, and properly supported in terms of documentation and evidence.
VAT - If you have the people resources for an effective compliance function, RNG can provide training to your teams to ensure that the skills and up-to-date knowledge necessary for effective compliance are instilled and maintained.
To help you pre-empt challenges in advance, identify opportunities, or overcome inefficiencies, RNG can validate your VAT structure, assumptions, processes, and documentation, and identify opportunities for improvement in processes and cash flow, as well as potential areas of contention.
When does your liability arise? On delivery or on invoicing or on receiving payment? When is the Return due? What happens if you forget to claim an input item this quarter? Can you claim it in next quarter's Return?
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