The implementation of Value Added Tax is one of the latest amendments brought forth by the UAE government. This has eventually created employment opportunities for VAT tax advisors, audit consultants, VAT EBook guides and more. In case you are willing to explore your potential as a tax consultant in this particular domain of Value Added Tax, then you should consider knowing about the job role and responsibility of a VAT advisor.
Here’s everything you should know about.
· Providing advisory and consultancy services to clients
This is the primary responsibility of an advisor of VAT. He/she should be well aware of the corporate and personal aspects of VAT. In addition, the person should know about the latest amendments, vulnerable areas of VAT, tax exemption laws and the likes.
· Conducting in-depth market analysis
For example, if you are required to monitor company internal audit report, you cannot carry out the responsibility with perfection unless you know the market well. This calls for an in-depth market analysis based on the current taxation trend, VAT computation technicalities and the likes.
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