Farley And Partners

vat compliance

VAT can be the bane of everyone affected by it.

The complex regime of regulations imposes a tremendous administrative burden on businesses particularly its first introduction in The Gambia. Most businesses would not have dealt with Vat before except for those involved in the Import and Export business (both for goods and services). Whether you are in the Education Services Sector, Financial Services, deal in Goods, Immovable Property, Import and Export, Travel agents and tour operators acting as principal or whatever the nature of your business, we can help and guide you.

With the rate being so high, mistakes in calculating VAT can be costly – and the rigid system of penalties and interest charges for mistakes and the late submission of returns add to that burden.

Our cost-effective VAT compliance and planning services can relieve you of this burden

Our team of VAT professionals will help to keep your VAT affairs in order, make sure you are collecting the right amounts for each transaction, and ensure that you make payments and file returns correctly and on time.

In addition to providing a comprehensive bookkeeping and VAT accounting service, we can also advise on and help with:

  • The pros and cons of voluntary registration
  • The timing of compulsory registration
  • Extracting maximum benefit from the rules on de-registration
  • Partial exemption
  • Timing and delaying VAT payments
  • VAT on imports and exports
  • VAT control visits by the authorities

Contact Us today for a VAT health check and to see how we can relieve you of the burden.

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