VAT is a self-assessment transactional tax. It is the taxpayer’s responsibility to ensure that the extensive obligations imposed by the legislation and regulations are fulfilled and that VAT is correctly accounted for, collected and paid over to the Federal Tax Authority. The onerous obligations placed on taxpayers in operating this high-risk transaction-based tax is difficult to navigate. We operate in a constantly-evolving tax, operational and technologically-driven landscape which bring in more risks for taxpayers.
Forthright helps in finding out disparities in your organizational VAT policies and appropriate procedures as per the UAE VAT Laws with our VAT Compliance Review. A VAT Compliance Review is more of a necessity than an option since it will prepare your organisation to face a VAT Audit.To
avoid falling under the prospect of non-compliance with VAT, it is always better to have a third-party consultant to conduct the VAT Compliance Review in your organisation.
Our team of experts will help you in understanding the causes of non-compliance and address them for the future. It will help you in identifying the areas which require rectification while assuring the accuracy of taxes remitted. We support companies in meeting Tax Compliance obligations, optimize costs, mitigate risks and avoid unnecessary penalties.
We assist companies in the ever-evolving regulatory landscape, reviews the client’s compliance framework and all the VAT reports and our experts support clients to remediate after identification of the loopholes in the compliance system. Our experienced team will further ensure that the entity does not create any VAT issue for the customer and other businesses which can adversely affect the business reputation and commercial relationships.
Ever since I switched to Forthright, I have been able to save so much time on paperwork and accounting. Forthright is the best accounting software I have ever used. Highly recommend it to anyone
Since I switched to Forthright, I have seen a drastic decrease in the number of hours that I spend on bookkeeping every month. Forthright has simplified the entire process and made it very user-friendly. The customer service is excellent, and they are always available to help. Highly recommend!
I have been using Forthright for my business accounting and I have been very happy with the service. I have found their staff to be very helpful and knowledgeable. The online interface is very user-friendly and makes it easy to keep track of my finances. Highly recommend!
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