UAE Firms' Accounting

Bridging Financial Excellence for Indian and UAE Enterprises.

UAE Firms' Accounting

For businesses in the United Arab Emirates (UAE), maintaining financial excellence and navigating complex regulations is essential. As a global hub for trade and commerce, the UAE presents unique accounting challenges, including Value Added Tax (VAT) and corporate tax compliance. At Vizttax Services Pvt Ltd, we specialize in UAE Firms’ Accounting Services, providing tailored solutions to help businesses achieve financial success while ensuring VAT and corporate tax compliance.

Compliances Applicable to UAE Firms:

Operating in the UAE necessitates adherence to specific financial and regulatory requirements. Key compliances applicable to UAE firms include:

  • Financial Reporting: UAE companies are required to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) for transparent and accurate financial reporting.
  • VAT Compliance: The introduction of VAT in the UAE requires businesses to register, report, and pay VAT to the Federal Tax Authority (FTA) quarterly/monthly according to annual turnover of businesses.
  • Corporate Tax: The authorities in UAE have announced the introduction of corporate tax from 1st June, 2023. Companies are required to file corporate tax return annually.

How Vizttax Services Pvt Ltd Can Help UAE Firms?

Vizttax Services Pvt Ltd provides a comprehensive suite of services to support UAE firms in meeting these compliance standards and addressing their accounting needs:

  • VAT Registration and Compliance: We assist UAE firms in VAT registration and ensure ongoing VAT compliance, including accurate record-keeping, timely filing, and payment of VAT to the Federal Tax Authority (FTA).
  • Corporate Tax Advisory: For businesses subject to corporate tax, we offer expert guidance and support in complying with local corporate tax regulations, working closely with local tax authorities.
  • Financial Reporting: We help UAE firms prepare accurate financial statements in accordance with International Financial Reporting Standards (IFRS) for transparent and compliant financial reporting.
  • Bookkeeping: Our comprehensive bookkeeping services ensure that your financial records are well-maintained and accurate, making it easier to meet accounting standards and taxation requirements.

Note: while Vizttax can assist with UAE Firms' Accounting services in India, it's essential to comply with all applicable Indian laws and regulations when conducting financial activities for UAE-based entities.

Frequently Asked Questions:

VAT (Value Added Tax) is a consumption tax that is levied on goods and services at each stage of production or distribution.

Companies with an annual turnover of AED 375,000 or more are required to register for VAT.

Companies registered for VAT must file VAT returns on a monthly basis if their turnover is more than or equal to AED 150 million, otherwise it is quarterly basis.

VAT compliance requires businesses to register, collect, and remit VAT to the FTA. It’s essential to avoid penalties and maintain financial transparency.

Yes, companies are required to file corporate tax returns annually.

IFRS is a set of international accounting standards that ensure uniform and accurate financial reporting in the UAE.

More Under Offshore Accounting Services:

Other Services:

Direct Call:

+91 85069 16831

Book A Call Back:

Streamlining Financial Success

Navigating UAE’s Financial Terrain

.. your reliable partner for managing accounting complexities and ensuring financial compliance across borders.

Call At +91 85069 16831