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Tax Consulting

TAXATION

Advanced Accounting Services help business owners to comply and meet Tax regulatory requirements in UAE, thru 2 designed and tailored tools which are carefully driven to fulfill VAT policies, procedure, and standards* VAT Compliance

 

As per Ministry of Finance in UAE All businesses in the UAE will need to record their financial transactions and ensure that their financial records are accurate and up to date. Businesses that meet the minimum annual turnover requirement (as evidenced by their financial records) will be required to register for VAT. AAS will help customers to comply the rule and regulation of UAE tax authorities.business must report the amount of VAT  charged and the amount of VAT paid to the government on a regular basis. It will be a formal submission.

Advanced Accounting Services ensure customers to make sure that their tax registration, internal policies, practices are legal and up to the standards

VAT BOOK KEEPING

Advanced Accounting Services will ensure preparing VAT and meet requirements to fulfill business tax obligations.

 To fully comply with VAT, We believe that businesses may need to make some changes to their core operations, their financial management and book-keeping, their technology, and perhaps even their human resource mix (e.g., accountants and tax advisors). MOF UAE

 

It is essential that businesses try to understand the implications of VAT now and once the legislation is issued make every effort to align their business model with government reporting and compliance requirements. We will provide businesses with guidance on how to fully comply with VAT once the legislation is issued.

How can help you?

Tax Bookkeeping

  • Reviewing an organization’s establishments and supply chain to identify VAT registration requirements.
  • Helping to implement technology and platforms to handle VAT bookkeeping.
  • Assisting with audits by tax authorities

TAX Preparation & Planning

  • Develop an overall tax strategy that takes into account your needs, expectations and solutions fit your industry and business.
  • Advise on the most efficient tax structure for your Business focusing on both domestic and cross-border implications.
  • Assist in the repatriation of profits abroad,
  • Develop tax efficient alternatives for financing investments.
  • Advise on a full range of transactions wherein tax conventions and international tax planning can be employed to good advantage.
  • Scrutinize from a tax perspective the transactions connected to pre and post-acquisition deals, mergers, de-mergers, dissolutions, transfer of businesses and real estate, including tax due diligences.
  • Advise on tax-efficient holding company locations, cross-border transactions, intellectual property and intangible assets, and cost allocations.

Tax Bookkeeping

  • Initial setup (opening of the accounting books), including:
    • Setup of an accounting database and chart of accounts in a local accounting software product.
    • Advice on the accounting treatment of the major transactions of the company and the related tax implications.
    • Discussion and agreement on the communication channels and documentation flows between Tax authority and the company based on best practice.
  • Monthly bookkeeping services and Ongoing tax compliance, including registration with the tax authorities and assistance with tax liability payment transfers
    • Preparation of monthly VAT returns.
    • Preparation of monthly reports.

VAT Compliance

  • Identifying VAT saving opportunities and chances.
  • Handling compliance needs.