VAT Services

Kant & Clients together with its associated companies Emirates Business Management International Consultants (EBM), and Visual ACE Business Solutions can deliver a full range of professional services related to VAT, as under : read more...

UAE VAT Services

We provide a comprehensive range of UAE VAT Services, including but not limited to the following:

VAT Registration

VAT Consultancy

Checking, Preparing and Submitting VAT Tax Returns

VAT Compliance Auditing

Statutory Audit

Other VAT Services

Jewellery Specialist UAE VAT Services

Precious Metals & Stones (Jewellery/Bullion) businesses in UAE, have many special clauses and provisions applicable only to their business. Some of these examples are as under:

0% VAT on Bullion Business

B2B Sale to VAT-Registered Customers isout-of-scope for VAT (to be recorded by Customers on Reverse Charge Mechanism/RCM Basis)

VAT Only on Making Charges

Hedging Module for unfixed Gold Jewellery Sale (Sale is done at Fixed Gold Price, but immediately hedged by Purchasing same quantity at same rate)

Using Purchase/Sale instead of Gold Receipts and Payments against Unfixed Sale/Purchase (barter is not allowed)

Other Jewellery-specific VAT Provisions

Based on our 30+ years’ experience as Auditors, Consultants and ERP Software providers, we specialize in providing above jewellery-specific VAT Services and Software to our clients in UAE.

VAT ERP Accounting Software / Module

As Auditors and Consultants for VAT, we are the best people to develop our own VAT Accounting/ERP Software / Module, compatible with UAE, Saudi, GCC VAT or elsewhere in the world. Following are some highlights:

Full-fledged VAT-compliant ERP/Accounting Software

LimitedVAT Software Module

VAT interactive Dashboard and Dashboard Reports in Excel

VAT Reporting Reporting in ERP/Accounting Software

VAT-compliance reviewfor your ERP/Accounting Software

VAT Controls & Reconciliations in ERP/Accounting Software

VAT Auto-Alerts inERP/Accounting Software

Totally definable VAT Rates by Product Groups and for each VAT Type, addition of customs/freight and other definable items before calculation of VAT, totally definable accounting treatment

Customised Solutions

For more details you may download the brochure:

VAT Services Brochure New - Kant & Clients

VAT Services Brochure for Jewellers - Kant & Clients New

UAE VAT Advanced Upgrade Software Brochure1

You may continue to get more details on the pages below or go to our Auditing company website:
www.kantandclients.com/VAT

read less

Jewellery Specialist UAE VAT Services

Precious Metals & Stones (Jewellery/Bullion) businesses in UAE, have many special clauses and provisions applicable only to their business.
Some of these examples are as under:

0% VAT on Bullion Business

VAT Only on Making Charges

Other Jewellery-specific VAT Provisions

Hedging Module for unfixed Gold Jewellery Sale

( Sale is done at Fixed Gold Price, but immediately hedged by Purchasing same quantity at same rate).

B2B Sale to VAT-Registered Customers is out-of-scope for VAT

(to be recorded by Customers on Reverse Charge Mechanism/RCM Basis)

Using Purchase/Sale instead of Gold Receipts and Payments against Unfixed Sale/Purchase

(barter is not allowed)

Based on our 30+ years’ experience in providing professional services to Jewellery business, as Auditors, Consultants and ERP Software providers, we specialize in providing above jewellery-specific VAT Services and Software to our clients in UAE.

We provide the following VAT services/software to jewellers in UAE:

VAT Registration

VAT Consultancy

Checking, Preparing and Submitting VAT Tax Returns

VAT Compliance Auditing

Statutory External Audit

Other VAT Services

VAT Software

For more details you may download the brochure:

VAT Services Brochure for Jewellers - Kant & Clients New

You may also visit our group Auditing company’s website link as under:

www.kantandclients.com/

UAE VAT Services

We provide a comprehensive range of UAE VAT Services, including but not limited to the following:

VAT Registration

Any company with actual or expected vat-able turnover of AED 375000 or more has to be registered for UAE VAT. For voluntary registration the threshold is AED 187500.
It is important that the registration is done correctly first time itself, as any wrong registration may result in fines or delays, and correcting the

wrong registration takes very long. We provide professional help to our clients to do VAT Registration for them.

VAT Consultancy

One surely requires professional help if they want to interpret and apply to their business and many specific aspects to it, the whole set of rules and regulations contained in - UAE VAT Laws, Executive Regulations, Cabinet Decisions, Circulars, Amendments, Guidelines, etc.
We have experience and to help you with any or all of the following:

Advise you on the VAT Rates and Types

Acceptable formats of Tax Invoices/Debit Notes/Credit Notes, etc

Documentation & Records keeping for VAT

Define Policies and Procedures for VAT

Accounts Setup, Checking and Reconciliation for VAT

VAT Reporting

Creating VAT Manual for your organization

Clarify all your questions and doubts on real-time basis

Checking, Preparing and Submitting VAT Tax Return

As Auditors, VAT Consultants and ERP Software providers,
we are best placed to provide the following services for VAT Tax Returns:

Review your documents, records and accounts from VAT perspective

Preparing Reports and Reconciliation of VAT Data for any Tax Period

Submission of Draft Tax Return for approval by management

VAT Compliance Auditing

Based on our long experience, we can review your organization’s compliance with UAE VAT Laws, including:

Review VAT Rates, Types and Laws applicable to your specific business

Review formats of Tax Invoices/Debit Notes/Credit Notes, etc

Review you documentation & records-keeping for VAT

Review your Policies and Procedures for VAT

Review your Accounts Setup, procedure for Checking and Reconciliation for VAT

Helping you prepare for VAT Audit & Reporting required by VAT Authorities

Statutory Audit/ Accounting

Annual Statutory/External Audit is compulsory for VAT, Corporate Tax, and as per UAE Commercial Companies Law. It is also a mandatory provision is most of the Memorandum (MOA) in mainland and freezone. Most Freezone also require statutory/external audit even for renewal of trade license every year

We have 30+ Years’ experience in Statutory Audit

We are registered Auditor approved by Govt of UAE

If you do VAT filing work with us, we prepare reconciliation between VAT Returns and Audited Financial Statements (Sales), and make it part of Audit Report

VAT Accounting / Accounts Review / Reporting / Reconciliation

Other VAT Services

VAT Deregistration or amendments

VAT Refunds and Adjustments

VAT Software

VAT Accounting

Other VAT Services

For more details you may download the brochure:

VAT Services Brochure New - Kant & Clients

You may also visit our group Auditing company’s website link as under:
Kant & Clients

Jewellery Specialist UAE VAT Services

Precious Metals & Stones (Jewellery/Bullion) businesses in UAE, have many special clauses and provisions applicable only to their business.
Some of these examples are as under:

0% VAT on Bullion Business

VAT Only on Making Charges

Other Jewellery-specific VAT Provisions

Hedging Module for unfixed Gold Jewellery Sale

( Sale is done at Fixed Gold Price, but immediately hedged by Purchasing same

quantity at same rate).

B2B Sale to VAT-Registered Customers is out-of-scope for VAT

(to be recorded by Customers on Reverse Charge Mechanism/RCM Basis)

Using Purchase/Sale instead of Gold Receipts and Payments against Unfixed Sale/Purchase

(barter is not allowed)

VAT Registration

VAT Consultancy

Checking, Preparing and Submitting VAT Tax Returns

VAT Compliance Auditing

Statutory External Audit

Other VAT Services

VAT Software

VAT ERP Accounting Software / Module

Full-fledged VAT-compliant ERP/Accounting Software

Limited VAT Software Module

VAT interactive Dashboard and Dashboard Reports in Excel

VAT Reporting Reporting in ERP/Accounting Software

VAT-compliance review

for your ERP/Accounting Software

VAT Controls & Reconciliations

in ERP/Accounting Software

VAT Auto-Alerts

in ERP/Accounting Software

Totally definable VAT Rates by Product Groups and for each VAT Type, addition of customs/freight and other definable items before calculation of VAT, totally definable accounting treatment

Customised Solutions

For more details you may download the brochure:

UAE VAT Advanced Upgrade Software Brochure1

You may continue to get more details on the pages below or go to our Auditing company website:
www.kantandclients.com/VAT