Challenge : VAT Advisory
Professional and timely advice which avoided major contraventions of the VAT Law
A consulting business located in a Designated Zone was owned by a technocrat who had worked as a CEO for a major industrial organization. The owner of the business had been provided faulty advice regarding his VAT status and would have been in significant breach of the UAE VAT Law had he followed the advice. He wanted a second opinion and was asked to approach us when he contacted his friend who is the Finance Director of a large industrial group in the UAE. Credence provided him with professional advice which helped him to be compliant with the UAE VAT Law and prevented him from some major non compliances with the UAE VAT Law.