VAT / Taxation - Compliance/ Advisory & Litigation Support / Audits/ Training


About VAT Compliance Services

We have with us, professionals having in-depth knowledge and wide-ranging experience to ensure timely compliance of the regulations. Below are our compliance services:

    
⦁ VAT Registration and renewals.
    
⦁ Self assessment and coordination for VAT payments.
    
⦁ Preparing and Filing Monthly/Quarterly returns
    
⦁ Compilation of VAT documents and records
    
⦁ Preparation of customised compliance manuals in the form of SOPs

About VAT Advisory and Litigation Support

Whatever your VAT Queries, bring them to us and we at Lemon shall make sure we solve them. We believe in giving best advice to our clients in any given scenario. Our Services include :-

     ⦁ Understanding Business model & impact of VAT on it.
     ⦁ Formulating tax efficient business models accordingly.
     ⦁ Review existing contracts to identify the material impact of VAT.
     ⦁ Advising on classification, valuation, applicability of taxes on transactions and admissibility to tax benefits / exemptions
     ⦁ Representing client at Tax Departments to handle any litigation
     ⦁ Providing best guidance to client in matters of levy of Penalties by FTA
     ⦁ Answer and address any other VAT related queries

About VAT related Audits

Audit imposed by Tax Authority

  • FTA will apply risk based selection criteria to determine whom to audit by giving notice of 5 days.
  • We provide assistance in any such Audit imposed by Tax Authority.

Audit of Financial Statement

  • Tax authority may ask for Audit of Financial Statements of any entity.
  • Also to ensure the smooth transition to VAT implementation it is advisable to get the audit done for the books of accounts of previous year.

Internal Audit & Review

  • Companies can avail our expert service of Internal Audit for Critical evaluation of internal controls, performing gap analysis and suggesting areas for improvement and efficiency, ensuring proper compliance with the various regulatory provisions and operations manuals.

About VAT Training

LEMON group is known for it’s knowledge sharing programs done to keep business units updated and to help client’s cater their needs

     ⦁ Workshops at regular intervals to update client with the new VAT improvements and provisions.
     ⦁ VAT seminars and interactive sessions with clients members.
     ⦁ VAT training programs to train employees of clients for VAT implementation.
     ⦁ Sharing Lemon’s publications, knowledge series and articles with clients on VAT matters.