Treatment of Mergers and Acquisitions, VAT in GCC Since VAT implemented on 1st January 2018 in GCC (UAE, Kuwait, Bahrain, Saudi Arabia, Oman, Qatar). There are many things and to be considered when you're making bigger, complex business decisions because it may involve VAT (Value Added Tax) implications that you might not know of for example VAT Treatment of Mergers and Acquisitions, VAT in GCC. Following is the VAT Treatment of Mergers and Acquisitions, VAT in GCC In case of the Mergers and Acquisitions, the business (VAT registered) has two main options: - Acquire the other business as running business Acquire other business as Business Assets In case of the acquisition as the running business all the claims and liabilities of the acquired business will be transfer to the Acquirer. If the business has a history of tax fraud or the tax penalties or late payments, the whole of the TAX history will be transferred to the acquirer but no VAT will be paid on the purchase ...

How to register VAT in Dubai? / VAT Registration procedure in Dubai / VAT Registration process in Dubai, Sharjah, Abu Dhabi UAE Important basics about VAT registration a.       Who is registered for VAT purposes When you register for VAT you are registering the person that is operating a business, not the business itself. A person can be an individual (i.e. operating as a sole trader), or a legal person (further defined in Section 4) or another form of entity (e.g. an unincorporated body such as a charity or club, a partnership or trust).  A VAT registration covers ALL of the business activities undertaken by the registered person. When you apply for VAT registration we will ask you for information relating to the person that is to be registered, and the current/intended business activities of that person. Federal or Emirate Government bodies and other similar entities in the UAE are to be registered in the name of the relevant body, n...

VAT Consulting Services in Saudi Arabia, Jeddah, Dammam, Riyadh, Makkah, Khobar, Jubail It about time that you be looking for VAT Consultant in Saudi Arabia for your VAT transition to help you in getting VAT ready? We have already started providing VAT Consulting Services in Saudi Arabia to many organizations large and small. Value Added Tax (VAT) will be up and running from 01 Jan, 2018. Planning for VAT Impact from now would be a wise idea in getting ready before Value Added Tax (VAT) hits market. Whether you are operating in Riyadh, Jeddah, Yanbo, Dammam, Jubail, Makkah, Khobar Saudi Arabia or any other City of Saudi Arabia, VAT is going to impact your business sooner or later. We can help you plan for your VAT preparation and implementation. We can help you get ready for VAT compliance in Saudi Arabia. Getting VAT Implemented? • Compiling Documents required for VAT registration • Guiding through the VAT Registration process • Training the staff on the requirements ...

VAT Fraud & Evasion Training in Saudi Arabia Fight against Tax Evasion and VAT Fraud in Saudi Arabia 1 Day Training on VAT Fraud in Saudi Arabia Tax Evasion and Tax Fraud Training in Saudi Arabia, GCC - What it means to you when monitoring VAT Transactions and filing VAT Returns. We have developed a practical based course using VAT fraud and evasion scenarios to provide assessment/ compliance staff with a learning environment that will allow them the best opportunity to be able to transfer their newly acquired knowledge and skills into the workplace. All the models and scenarios are designed and delivered from a tax perspective ensuring that staff is able to fully relate to the material and thus increasing their understanding and retention. We will specifically design and tailor the Model for your Organisation in line with your current practices and legislation. The Model outlines how to make the interview simple and is developed through the following...