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1. What are the rules for corporate tax 2023 in UAE? The UAE has a corporate tax rate of 0% for taxable income up to AED 375,000 and a 9% tax rate for taxable income exceeding that threshold. All businesses will be subject to UAE Corporate Tax from the beginning…
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As a business owner, you can avoid the unpleasant surprise of encountering non-rectifiable financial discrepancies in your annual audit report. Business due diligence is a smart tool that saves you two of the most important resources: Time and Money. Due diligence reports empower business owners to analyze the performance of…
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"Make those figures work for your success." Setting up and running a business in UAE is as challenging as it is appealing. Research shows that a sizable number of new and established small and medium businesses in the UAE end up being stagnant, or worse yet, out of business. ACCBOOKS Professionals are experts at…
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Around half of start-ups in the UAE find themselves on a rocky road and many are forced to wind-up operations within the first year of their launch. Young entrepreneurs should not be discouraged by these figures but they should also not rush into a new business that isn’t backed by a…
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Let’s make wise business decisions. With our management consultancy team on task, you can focus your attention on other important business matters, knowing that the management of your business is in good hands with us. Our senior accountants and business advisory experts use their vast and varied industry experience to…
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"Language of business- Now made simpler." In business, each day you have to make sense out of thousands of numbers before you can make sound decisions. "But a picture is worth a thousand words- as well as a thousand complex numbers in this case." This is why we have created…
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A corporate bank account opening could be a rewarding experience. However, the recent financial regulations have added rigorous controls to commercial bank account opening in the UAE. ACCBOOK Professionals are here to assist you in opening commercial bank accounts in leading UAE banks and to help you in every step…
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The objective of the feasibility study is to transform the client’s idea into a plan which provides comprehensive information on all the economic and operational aspects of specific business activity. AccBooks experts will analyze strengths, weaknesses, opportunities, and threats in the market and create a customized Business Plan for your…
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For Dubai, Sharjah, Ras-al-Khaimah (RAS), and IZFA free zones: If you plan to set up a business in the UAE, Dubai, Sharjah, Ras-al-Khaimah Mainland and free zones are key investment hubs that you must consider, each comes with its own unique benefits. As for the free zones, in order to promote economic activity, the UAE government has given special incentives to the business owners…
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Conveniently placed PRO services assure timely compliance with changing regulations and will save your business time and money. You don’t have to stand in long queues in public offices, a time that you could put in other productive activities. Our PRO services include employee visa processing, resident visa processing, investor…
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The UAE Corporate Tax will become effective for financial years starting on or after 1 June 2023. It is a Federal tax and will therefore apply across all Emirates. The rates will be 0% for taxable income up to AED 375,000 and 9% for taxable income above AED 375,000. The…
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Accbooks VAT experts can help you in VAT assessment in order to avoid any predicament and penalties by the Federal Tax Authority (FTA) in the foreseeable future. The Value Added Tax (VAT) is considered to be a self-assessment tax, which is to say that the taxpayer is the one who…
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Accbooks VAT experts can help you in VAT assessment in order to avoid any predicament and penalties by the Federal Tax Authority (FTA) in the foreseeable future. The Value Added Tax (VAT) is considered to be a self-assessment tax, which is to say that the taxpayer is the one who…
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Businesses risk facing huge penalties in the form of heavy VAT fines, which range from AED 2,500 to AED 50,000, if they are found breaching VAT laws in the UAE. VAT compliance is absolutely necessary to avoid VAT fines and penalties. Although there has been some let up in VAT…
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Businesses are entitled to claim back VAT on various occasions. These are often high VAT refunds and can easily be missed without VAT refund expertise. Accbooks allows you to maximise your VAT recovery without investing a lot of time and money.
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Filing error-free UAE VAT law-compliant VAT Returns is the sign of a legally sound business. Also, you avoid warnings, hefty penalties and legal proceedings. However, proper VAT Return filing is a technical process that involves: Reconciliation of all sales, purchases, and expenses Reconciliation of all credit notes and debit notes…
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Cancelation of VAT registration is known as VAT deregistration could be due to various reasons. These reasons for a business to apply for VAT cancellation must comply with VAT deregistration laws as stipulated by the FTA. In case, the reasons presented for cancellation of VAT do not fulfil VAT De-Registration
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VAT Registration Services in the UAE | Federal Tax Authority (FTA) | TRN. Streamline Your company VAT Registration with AccBooks Since its introduction on January 1, 2018, Value Added Tax (VAT) has been a pivotal aspect of the UAE’s fiscal policy. At a standard rate of 5%, VAT requires businesses…
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Internal Audit: A systematic review of operations in order to keep shareholders, board members, and the management abreast of the effectiveness of a company’s internal controls. In addition, Internal Audit is undertaken to assess the reliability of management and information systems, the organization’s assets, and legal compliance. External Audit: External…
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We provide vide variety of services, which include but not limited to: Decision-making on capital structure and financial models. Preparation and Monitoring of the Budget control processes. Implementing the Standard Operating Procedures (SOPs) relating to Finance & Accounting Functions. Preparing the Management Information for better decision-making by the Owners Compliance…
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Internal Audit Services Statutory Audit Services Tax Advisory Services Business Consulting Services ERP & Customized Software Implementation and Testing. ERP & Customized Software Support services Audited Certificates for special purposes
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Book-keeping is the core aspect in a business. It forms the basis for managerial decisions and provides essential financial information to stakeholders and the government while ensuring compliance with the UAE’s tax laws. ACCBOOKS team of expert VAT Accountants and Auditors are here to provide you with an excellent book-keeping…