VAT Consultancy
VAT Consultancy
At Nexellence Consultants, we offer an end-to-end VAT support as well as larger entities. We have an in-house VAT Advisory team, that has experience and sound knowledge built on working in VAT environments. Our services may be divided as follows:
Impact Analysis
- Understand the business transaction & establish the applicability of VAT
- Flag the potential impact of VAT compliance on business
- Ascertain the cash flows & working capital impact analysis
- Transitional Compliance/ Support
- Provide support for VAT registration
- Organize VAT related training and customized workshops
- Map out all transaction types and review/amend any existing contracts with customers/vendors
- Develop SOPs and new compliance manuals
- IT diagnostics/modification to adapt to current IT system or migration to new system
- Designing new corporate and business documentation for compliance
- Testing and adaption of the new IT system
- VAT Accounting & CFO services
- Review and analyze the existing chart of accounts of the business
- Routine accounting help including VAT accounting
- Maintain supporting documentation
- Support services for statutory compliance
- Update VAT master data of vendors
- Vendor reconciliation for VAT credits
- Perform contract reviews
- MIS preparation and reporting
- Post VAT implementation support
- Computation of eligibility for input credit
- Compute the final VAT liability
- Assist in filing VAT returns on a timely manner
- Support any changes as and when required due to changes in the legislation

OTHER SERVICES

Audit & Assurance
As an experienced audit firm within the region, we have delivered exceptional auditing services to a large number of companies in the Tanzania

We are a CA firm in Tanzania offering top class Bookkeeping services. Our experienced accountants will look after your books in a professional and timely manner.

Outsourced CFO Services
While most small and mid-sized businesses in Tanzania recognize the value of high-caliber finance professional in-house, there are few that can afford such a resource.

We undertake independent buy-side due diligence both on the financial front, as well as commercial/market front. Our pre-deal evaluations cover an initial assessment of the…

Business Set-up Consultancy
Nexellence Consultants specializes in providing a hassle-free company incorporation experience in Tanzania whether it be in the free zones, offshore companies or other business organizations
such as…

Our advisory services team specializes in preparing professional business plans for a wide variety of industries and businesses. Our business plans are widely accepted by banks…

Our advisory services team that specializes in process related consulting, can diagnose, define and streamline your business process across your organization, be it in operations, finance or HR…

Nexellence Consultants advisory services team specializes in conducting feasibility studies
through primary market research, both qualitative and quantitative. Our team uses

Raising Bank Finance
Being trusted advisors of hundreds of clients over the last two decades, we have learnt to deal with banks in
the region effectively, and focus on obtaining bank financing with the best possible




FAQ

A business unit can benefit from hiring the top auditing companies in the following ways:
- Independent opinion
- Protection of the rights and interests of shareholders
- Better internal controls
- Detection and prevention of errors and fraud
- Verification of books
- Loan facility
- Moral check
- Easy valuations
- Facility for prospective investor
- Satisfaction of business operations
Independent auditors in Tanzania are neutral and impartial and do not have any vested interests in the company. This would ensure greater accountability and transparency while reporting to the shareholders.
As one of the topmost VAT consultants in the Tanzania, we are flexible with our services, which can either be performed onsite or offsite depending on the client’s preference for service delivery, information security, logistics and timeliness.
At Nexellence Consultants, we offer our clients a clear insight into their historical financial performance and key business areas. As one of the topmost audit firms and VAT consultants in Tanzania, we provide a range of audit, reporting, corporate governance and risk advisory services. We are large enough to offer a comprehensive package and yet small enough to ensure personalized treatment for each individual client.
Phone
+255 622 550 000
Email Us
info@nexellence.co.tz
Address
MILO OIL PETROL STATION, Meta Street, Mbalizi Road