Accounting and bookkeeping services in Dubai are extremely important and mandatory for all the businesses in UAE, irrespective of the size of the company. As per UAE government, it is mandatory for all the businesses in UAE to maintain the books of accounts in proper and standard way.All the financial transactions of the company must be recorded in a systematic and comprehensive method.

Setting a business in Dubai is a complicated process and tax filing is considered to be one of the toughest job on the planet. The process becomes more complex when it has to deal with foreign affairs and follow international taxation policies. To combat this, a business requires a Strategy for taxation. This strategy should be in-line with the corporate strategy, it should not be isolated from the business framework and should include rigorous planning and identification of tax risks. Building a tax strategy helps a company in the UAE to compare the tax situation upon requirement.

Our audit services are focused, quality oriented and conducted with the utmost diligence and professionalism. We look beyond the numbers to interpret financial and operational data to identify potential problems and implement the best solutions.

We, as a leading service provider, 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 the best customized accounting, taxation and auditing solutions for our clients.

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 from 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.

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. 

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.

- We follow the best tax practices across industries in the UAE
- We know how to deal with international tax structure
- We have a team of experienced professionals
- We ensure the on-time delivery of business projects
- We offer tailor-made solutions based on company requirements

GET A FREE FIRST CONSULTATION FOR TAX AND AUDITING SERVICES IN DUBAI!

Our team of expert consultants are able to help and advise you of the best way to establish your business in the UAE. We have the answer to your questions.

A professional firm with regional focus and having global representation, UAE Free Zones spectrum of services covers all aspects of doing business in the UAE.

Contact us to get a free first consultation!