How to Find the Best VAT accountant in UAE

The need for a VAT accountant in UAE is now on high demand as the VAT has been introduced in this country from January 1^st, 2018. Every Business must be VAT-ready with this tax implemented in their system. Now, after having almost no tax in UAE for decades, the new system of tax can be quite confusing for many. In such situations, it is best to take professional help to make a company compliant with the VAT and to ensure a smooth operation. Any business owner must find an expert who is fit for the company. To do this, one must consider doing the followings:

·         Asking questions- As this is a completely new concept, any non-expert will have very little knowledge about VAT. Before hiring, a person can ask questions on the areas where they have confusion. A professional must have enough knowledge on VAT and be able to clearly describe on it.

·         Qualification and experience- It is essential to check the qualification and experience of a professional. The individual must be experienced in dealing with tax-related works. Since VAT has been there in other countries for years, a person having experience in that would be a plus point for the candidate, and can be a good choice for hiring.

·         Good knowledge of technology- As all the VAT related work will be done online, it is important that the professional is good with technology. To be able to carry out all the work in an organised way, it is necessary to know the use of different applications online.

·         Past and present clients- By knowing this, one will get an idea whether the candidate is suitable for his/her particular company or the industry. If the professional has worked or working with companies that belong in the same industry, then he/she will have a good understanding of how everything works here, and can be considered as a good candidate for hiring.  

·         Attention to detail- The professional must have good knowledge on the legislation concerning VAT as well. He/she must be able to evaluate and tell the possible effect of the VAT laws on the expenses, operation of the business. The professional must also be able to evaluate the necessary changes in the company’s accounting system, procedures that need to be done in order to implement the VAT in that company.

·         Approach- It must be seen how the individual approach the task. It must be focused and specific to the business. The professional must concentrate on the model, goals, needs, structure of operation of the company to effectively make it VAT compliant.

Implementing the above methods, any recruiter or business owner will be able to find a VAT expert perfect for his/her company.

Summary

As the VAT has been introduced in the UAE, it has become mandatory for every business that has a specific annual revenue to register for VAT. Thus, companies must hire a suitable professional for this task. This article describes the method of finding the right one.

Author’s Bio

Mansour Almasi is a tax expert who has been working in this industry for more than seven years. He also works at Uaevatexpert.ae as a VAT accountant UAE. Business owners in need of an expert can contact him.