Value Added Tax
General Process

Procedures and requirements for filing Value Added Tax (VAT) varies depending on a country's tax laws and regulations. Our professional VAT team assists with:
1. Registering for VAT: This usually involves completing an application form and providing relevant business information. If your annual turnover exceeds the threshold, then you are required to register for VAT.
2. Maintaining accurate records: Keeping detailed records of all business transactions, including sales, purchases, and VAT charged or paid.
3. Determining VAT liability: This involves calculating the VAT charged on sales (output VAT) and deducting the VAT paid on purchases (input VAT). Different goods and services may attract different VAT rates in different countries. Common rates include standard rate, reduced rate, and zero rate.
4. Completing and submitting VAT return: This can usually be done online through the tax authority's website or through a designated online portal.
5.Receiving the refund / paying VAT liability and keeping records: We will support you to obtain the credits, avoid any penalty, and maintain copies of the VAT returns, payment receipts, and any other relevant documents for future reference and potential audits.