VAT compliant systems consulting in UAE
Our well- qualified and experienced accountants have got sufficient training in UAE VAT and our association with some of the eminent VAT experts, ensure and ratify our VAT related advice. As VAT is a new concept in UAE, there is room for confusion and ambiguity, and our mode of collaborating with VAT experts guarantees proper and professional VAT compliant systems consulting, reporting and filing.
The intricacies and complexities of accounting have increased over the years due to the continuously evolving business environment and globalization . This reality has resulted in the emergence of International Financial Reporting Standards (IFRS). As a result, more and more business chose to comply with these standards for their financial statements. You can count on us to share our expert knowledge in this area.
Our other services include internal audit, verification of internal controls and reporting to management. We will also enable you to boost your internal controls by reviewing accounting systems and recommending improvements.
Our holistic approach in our services such as VAT compliant systems consulting, IFRS and COBIT consulting in addition with routine accounting and accounting review ensure that you will get the most for your business.
IFRS & VAT COMPLIANT ACCOUNTING
Accounting helps businesses to keep track of their income and expenses.IFRS are principled based set of Accounting Standards followed by major economies for uniform reporting.We ensure that your organisation is complied with IRRS without cherry picking or incomplete application of such standards.
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UAE VAT
We assist you in reviewing VAT summary preparation and check the VAT compliance.
We help you to setup FTA approved systems which will generate all required reports. We not only provide professional advice service but we are also there to help you afterwards, serving as reliable support.
Read MoreUAE CORPORATE TAX
Corporate tax is a form of direct tax levied on the net income or profit of corporations and other entities from their business.
According to the UAE Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses (the “Corporate Tax Law”), businesses will become subject to UAE Corporate Tax from the beginning of their first financial year that starts on or after 1 June 2023.
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ECONOMIC SUBSTANCE REGULATIONS
The UAE introduced a Resolution on the Economic Substance on 30 April 2019, as part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE’s tax framework by the European Union (“EU”) Code of Conduct Group on Business Taxation.
The Regulations require UAE onshore and free zone companies and other UAE business forms that carry out any of the “Relevant Activities” listed below to maintain an adequate “economic presence” in the UAE relative to the activities they undertake.
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