uaefreezones.com

When Reach is Key To Sucess

: +971 4 3245630

: info@uaefreezones.com

Accounting - Taxation - Audit

We , as a leading service provider, has distinguished ourselves a decade ago as a boutique firm ; comprised of highly qualified business consultants, strategists and leaders who collaborate to meet and to reply to your financial commitments and challenges.

As your dedicated business partner, we are with you in your journey to steer your enterprise to grow and to be in the front line. We deliver fast-paced , customized solutions for the well-being of your business.


Here are some characteristics that make us different from the rest:

  • - In-depth Industry know-how and exposure
  • - International network, local experience
  • - Time bound, cost-effective solutions
  • - Strong association with well reputed financial and VAT firms
  • - One stop shop with a focus on details.

So, what’s new?

Effective 2018, most businesses in the UAE, KSA, followed by other GCC countries, are required to comply with VAT requirements. Companies are required to maintain proper books of accounts and have them audited by a licensed audit firm. These new regulations require all the eligible businesses to produce a proper set of accounts for their financial years.

These accounts will form the basis for filing tax returns with the VAT authorities and also in providing them as supporting documents when VAT audits are conducted by the auditors appointed by tax authorities. This means, you need to ensure that transactions related to your business are properly recorded in accordance with the international accounting standards.

OUR SERVICES:

Accounting

Maintaining accurate books of accounts will ensure compliance with local laws & regulations and help you in assessing performance of your business. They help to clearly identify the part of your business that generates maximum profit and understand the areas that need improvement.

Global Resources offers to its clients an entire suite of accounting services.

Taxation

Maintaining accurate books of accounts will ensure compliance with local laws & regulations and help you in assessing performance of your business. They help to clearly identify the part of your business that generates maximum profit and understand the areas that need improvement.

Categories of VAT

Regular: you charge 5% on value of sales, you pay 5% on value of purchases and deposit net amount to the government each quarter.

Zero-rated: You fall under VAT law and have to follow all VAT requirements like those under regular VAT regime. However, you charge your customers VAT at 0% ( effectively NIL), you pay VAT on your purchases and claim the entire amount back from the government.

Excempt: If you are only supplying exempt goods and services, you don’t register for VAT and don’t file any returns. VAT paid on purchase of goods and services, if any, becomes your cost as you cannot claim it from tax authorities

Audit

Global resource team and network consist of auditors with a wealth and a rich experience within well reputed organizations. We audit your books with an in-depth understanding of your business and industry, in accordance with the latest regulatory standards.

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Awards & Recognition

Global Resources has always been eager to assist investors and businessmen in making a reality of their goal of experiencing the most talked about business freedom in the UAE Free zones.

Contact Us

P.O. Box: 85570
Dubai - U.A.E.
Tel: +971 4 3245630
Fax: +971 4 3245640
Email: info@uaefreezones.com
Web: www.uaefreezones.com

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