Free VAT Assessment Questionnaire

QUESTIONNAIRE

Do you realize the impact of VAT on the prices of goods and services?

YES    No   

Do you know whether your business is subject to Value Added Tax VAT regime?

YES    No   

In which form your entity working?

Mainland    Free zone    Other   

Does your business supply to the Main Land?

YES    No   

Does your business sell to the GCC?

YES    No    Occasionally   

Does your business import items from overseas?

YES    No    Occasionally   

How do you classify your business model?

Wholesale    Retail    Both   

Does your business have goods transfer, sale or purchase between its branches or subsidiaries?

YES    No   

Does your business use sub-contractor often?

YES    No   

Does your business receive amounts in advance from the clients?

YES    No   

Does your business give a sample or donate goods?

YES    No    Occasionally   

Does your business frequently gives rebate, sale, and discount to the clients?

YES    No    Occasionally   

Often enter into long term contracts/project with its clients?

YES    No   

Do you think that your organization got a sufficient knowledge about VAT in GCC?

YES    No   

Do you think that your Accounting system can deal with VAT?

YES    No   

Do you think that your company sales invoices have a provision for VAT?

YES    No   

Do you think that your Accounting and Finance staff have sufficient knowledge & experience in VAT compliance?

YES    No   

Do you intend to provide the staff with the training related to VAT compliance?

YES    No