logo
 
     
   
 

Indirect Taxation

Indirect taxes pervade every area of a company's business. Their impact on material and product costs, cash flow, profitability and, ultimately, on shareholder value is an important element to stay ahead in competition.

Our team comprises of tax professionals across India. We provide comprehensive advice and assistance on various indirect taxes such as Value Added Tax (UAE), Goods andServices Tax (India) and Customs duties (India). We also offer expert advice on all aspects of the foreign trade policy, free trade agreements, cross-border supply chains and antidumping duties. We provide litigation support before adjudication and appellate authorities up to the Tribunal level and brief counsels for matters beyond the Tribunal.

  • Value Added Tax (UAE)
    The UAE is introducing VAT from 1 January 2018 onwards, and has now issued the Federal VAT Law (published 27 August 2017) establishing the domestic rules applying for VAT in the UAE. This adds to the Unified VAT Agreement for the Gulf Cooperation Council (GCC) signed by each of the Member States.

    VAT Executive Regulations are in the process of being approved and it is hoped they will be enacted and made public in the coming months.

    While the list of obligations set out above is by no means exhaustive, it is imperative for any business to ensure it is registered for VAT in line with the prescribed timelines of each implementing country.

  • Business impacts
    This document will answer the below listed questions regarding the introduction of the indirect tax in the UAE.
    • 5%, VAT exempt or zero-rate transactions?
    • VAT recovery right
    • Overview of expected special rules (free zones, bad debt relief, real estate, VAT group, Insurance, finance and Islamic Finance and import of goods)
    • VAT refund
    • Prepare soon: are you compliant?
    • Transitional periods and rules
    • Help needed?
  • Business impacts
    This document will answer the below listed questions regarding the introduction of the indirect tax in the UAE.
    • 5%, VAT exempt or zero-rate transactions?
    • VAT recovery right
    • Overview of expected special rules (free zones, bad debt relief, real estate, VAT group, Insurance, finance and Islamic Finance and import of goods)
    • VAT refund
    • Prepare soon: are you compliant?
    • Transitional periods and rules
    • Help needed?
  • Sales and Marketing
    • VAT treatment of sales and exports
    • Effect on demand from price increases
    • Determine a pricing strategy and impact on payment terms
    • Design and roll out of customer communications
    • Assess the impact on current contracts and commercial arrangements
  • Procurement
    • Ensure the VAT treatment of purchases and imports is considered
    • Procurement strategy in terms of input VAT capture
    • Establish vendor communication plans
    • Assess the contracts and arrangements
 
     
126722 Times Visited