Tax and accounting services
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Tax liabilities and financial control in the UAE
In the UAE, the government regulates tax registration, tax payment deadlines and tax reporting requirements. Many government agencies, counterparties and financial organisations require a tax registration number (TRN) from day one. Although there is no mandatory accounting requirement in the UAE, the legislation obliges companies to prepare financial statements and retain primary documents for 5 years. Global Concept Consulting specialists will provide your business with comprehensive support in accordance with local regulations. We guarantee tax registration, professional bookkeeping, timely preparation and submission of tax returns, assistance in auditing and analysing international tax liabilities on your settlements and transactions.
In the UAE, the government regulates tax registration, tax payment deadlines and tax reporting requirements. Many government agencies, counterparties and financial organisations require a tax registration number (TRN) from day one. Although there is no mandatory accounting requirement in the UAE, the legislation obliges companies to prepare financial statements and retain primary documents for 5 years. Global Concept Consulting specialists will provide your business with comprehensive support in accordance with local regulations. We guarantee tax registration, professional bookkeeping, timely preparation and submission of tax returns, assistance in auditing and analysing international tax liabilities on your settlements and transactions.
Regular bookkeeping can make it a lot easier for a business
a lot of routine operations.
a lot of routine operations.
1
Arrangement of trade finance
Helps companies raise funds to support and develop trading activities.
2
Control of financial flows and cost reduction
Allows you to manage your cash effectively and reduce unnecessary expenditure.
3
Guarantee of business transparency for tax inspections
Ensures compliance with tax authorities' requirements and reduces audit risks.
4
Optimisation of audit expenses
Allows you to reduce the costs associated with mandatory audits without compromising quality.
5
Simplifying the preparation of tax returns
Facilitates the reporting process, minimising errors and speeding up tax obligations.
6
Confirmation of management and control from the UAE
Confirms compliance with tax residency requirements and strengthening of business reputation.
Comprehensive maintenance
of tax and accounting reports
of tax and accounting reports
Development of VAT accounting strategies
- Determining the categories of goods and services subject to VAT
- Developing a registration plan for VAT in the UAE
- Preparation of VAT reporting for the tax authorities
- Integration of VAT into the business management system
Registration for tax accounting
- Applying for a Tax Reference Number (TRN)
- Fulfilment of compliance requirements for tax accounting
- Obtaining confirmation of registration in the UAE
- Regular filing of tax returns
Tax and accounting management
- Monthly preparation of accounting reports
- Ensuring compliance with UAE tax laws
- Maintaining financial records in compliance with local regulations
- Monitoring the correctness of tax assessments
Establishment of tax groups
- Identification of companies to form a group
- Preparation of documents for group registration
- Optimisation of intercompany tax liabilities
- Managing tax reporting for the group
Consulting on tax optimisation
- Development of strategies to reduce tax burden
- Risk assessment of tax decisions
- Analysing international tax treaties
- Advice on tax planning in the UAE
Preparation of auditor reports
- Collection and verification of financial information
- Preparation of documents for external audit
- Preparation of annual audit reports
- Coordination with audit companies in the UAE
Archiving of initial documents
- Organising the storage of financial records
- Ensuring data preservation for a period of 5 years
- Creation of a digital document storage system
- Preparation of documents for tax audits
Monitoring of economic operations
- Tracking transactions in the accounting system
- Control of company expenses and revenues
- Checking for compliance with UAE standards
- Evaluating the efficiency of business operations
Despite the introduction
of a 9% corporate tax rate in 2024,
the UAE remains an attractive jurisdiction.
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