Role, Responsibilities, Eligibility and Skills of VAT Consultant


 

In general, the VAT tax Consultant is responsible for managing  VAT liabilities, and as well as they inform us about the VAT implications of some specific transactions too. What type of jobs a tax consultant does or should do depends on what services we have contracted with him/her. Tgs Koya is known for providing the best vat consultancy services in Dubai.

Some General Responsibilities of a VAT tax consultant are as follows :

  • They Ensure VAT Compliance with proper Reporting.
  • VAT Consultant also Ensures the minimization of the VAT liability.
  • They also help in Identifying Risks and opportunities with Due Diligence Tax Planning.
  • VAT Consultant also Liaising with HMRC for all audits, inquiries, and documentation.
  • They help in Managing all month-end processes on time.
  • They also take care of all relevant deadlines so that we can focus on our primary business.

Eligibility, Qualities & Skills of a VAT Consultant :

Experience :

  • VAT is considered one of the most complex laws in the UAE.
  • Most entrepreneurs and business managers are still trying to understand what difference VAT makes to their business sustainability and profitability.
  •  Almost none can claim that they know how to file VAT perfectly or manage a VAT account with HMRC properly.
  •  For almost 5 decades now after charging VAT to its citizens, the UAE VAT system still seems to be developing.
  • So a VAT Tax Consultant has enough experience to understand the workings of UAE  tax laws.
  • Creative Thinking: A VAT tax Consultant must be a creative thinker. Their problem-solving skills need to be very sharp and proactive.
  • Interest in your Business: A Good VAT tax Consultant must have an interest in your business. He must be broadly aware of what business is all about and he should show a willingness to understand your industry norms.
  • Personal Qualities :It is advisable to always look for a VAT Tax Consultant who can work comfortably on a table. A person whom you can talk to and who can listen to you, your issues, and understands your goals and objectives.
  • It is very important to always select a commercially aware person to be your tax consultant. The best tax Consultancy services take account of all recent and expected changes in-laws.

Therefore, an experienced and skilled VAT consultant is very important for any business firm. Tgs Koya is considered as one of the best accounting and auditing Firms in Dubai and they also have experienced VAT Tax Consultant providers who are certified accountants and Tax Consultants based in UAE.


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