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📚 Do You Need Professional Accounting and Tax Support in the UAE? Absolutely! In the UAE, maintaining accurate financial records isn’t just a recommendation—it’s a legal obligation under UAE Commercial Company Law and Corporate Tax Regulations. Here’s why professional accounting and tax services are essential for your business: ✅ Transparency: Accurate financial records showcase your business's true financial position and help build trust with investors and stakeholders. ✅ Compliance: UAE laws mandate proper bookkeeping and financial reporting, ensuring your business stays compliant and avoids penalties. ✅ Corporate Tax & VAT Requirements: Whether it’s filing VAT returns, preparing for corporate tax, or handling financial audits, maintaining detailed records is crucial for regulatory adherence. 💡 The Solution: Outsourcing your accounting and tax services to professionals like JSK & JYMMA ensures compliance, saves time, and allows you to focus on growing your business. With 17+ years of expertise and a 90% client retention rate, we provide tailored, cost-effective solutions that align with your business goals. 📞 Let us take care of your financial management: 📧 info@jymma.com 📱 +971 04 3858545 Let’s ensure your business stays ahead in the UAE’s dynamic market. #UAECompliance #CorporateTax #Accounting #BusinessSetup #JSKandJYMMA #VAT #Audit

📚 Do You Need Professional Accounting and Tax Support in the UAE? Absolutely! In the UAE, maintaining accurate financial records isn’t just a recommendation—it’s a legal obligation under UAE Commercial Company Law and Corporate Tax Regulations. Here’s why professional accounting and tax services are essential for your business: ✅ Transparency: Accurate financial records showcase your business's true financial position and help build trust with investors and stakeholders. ✅ Compliance: UAE laws mandate proper bookkeeping and financial reporting, ensuring your business stays compliant and avoids penalties. ✅ Corporate Tax & VAT Requirements: Whether it’s filing VAT returns, preparing for corporate tax, or handling financial audits, maintaining detailed records is crucial for regulatory adherence. 💡 The Solution: Outsourcing your accounting and tax services to professionals like JSK & JYMMA ensures compliance, saves time, and allows you to focus on growing your business. With 17+ years of expertise and a 95% client retention rate, we provide tailored, cost-effective solutions that align with your business goals. 📞 Let us take care of your financial management: 📧 info@jymma.com 📱 +971 04 3858545 Let’s ensure your business stays ahead in the UAE’s dynamic market. #UAECompliance #CorporateTax #Accounting #BusinessSetup #JSKandJYMMA #VAT #Audit

Stay Compliant, Stay Successful! Proper accounting is the backbone of your business compliance in the UAE. From VAT regulations to financial reporting and corporate governance, adhering to the country's strict rules ensures smooth operations and a strong reputation. Here's how proper accounting helps: VAT Compliance Financial Reporting Standards Economic Substance Regulations Audit Readiness Corporate Tax Laws Maintaining a Strong Reputation -------------------------------------- +97142395624 info@bookkeepingexpert.ae https://lnkd.in/dbf6DcNX -------------------------------------- Stay ahead of the curve and avoid penalties—make accounting your first priority. #UAEbusiness #AccountingCompliance #FinancialSuccess #VAT #CorporateTax #BusinessInUAE

Ever wondered whether you need cash basis or accrual basis accounting in the UAE? First of all a Person accounting on a cash basis incurs expenditure when it is paid and a Person accounting on an accruals basis incurs expenditure when the obligation to pay arises. According to Ministerial Decision No. 114 of 2023 on the Accounting Standards and Methods for the Purposes of Federal DecreeLaw No. 47 of 2022 on the Taxation of Corporations and Businesses this is what you need to follow: Article (2) Preparing Financial Statements Using the Cash Basis of Accounting For the purposes of paragraph (a) of Clause (5) of Article (20) of the Corporate Tax Law, a Person may prepare Financial Statements using the Cash Basis of Accounting, in any of the following instances: 1. Where the Person derives Revenue that does not exceed AED 3,000,000 (three million United Arab Emirates dirhams). 2. In exceptional circumstances and pursuant to an application submitted by the Person to the Authority. If you need assistance with your corporate tax registration, VAT and/or bookkeeping in the UAE, even as a free zone company, drop me a message. There is more to it. #dubaitax #dubaibusiness #dubaifinance #taxes #bookkeeping #becompliant

fstaccounting.com What is VAT Filing? VAT (Value Added Tax) filing is the process of reporting the VAT collected and paid by a business to the tax authorities. This process includes submitting detailed records of all transactions subject to VAT, ensuring accurate calculation, and timely payment of the tax due. Regular VAT filings help businesses stay compliant with tax regulations and contribute to the country's tax revenue. Is VAT Filing Monthly or Quarterly in Dubai? In Dubai, the frequency of VAT filings is typically quarterly. Depending on the size and nature of your business, the Federal Tax Authority (FTA) requires you to file VAT returns on a quarterly basis. Larger businesses with higher revenues have to follow the standard practice for most enterprises is to file VAT returns every three months. How is VAT Applied in the UAE? The UAE applies VAT at a standard rate of 5% on most goods and services. Businesses are responsible for collecting VAT on taxable supplies and can reclaim VAT paid on business-related expenses. This system ensures that VAT is levied at each stage of the supply chain, with the end consumer ultimately bearing the cost. What are the VAT Penalties? Following VAT regulations is important to avoid penalties, which can be quite severe. Penalties may be imposed for late registration, failure to submit VAT returns on time, incorrect filings, and late payment of VAT dues. These penalties can include fixed fines, a percentage of the unpaid tax amount, and interest on overdue amounts, making timely and accurate filings imperative for all businesses. Never miss a deadline with us! At FST Accounting & Bookkeeping, we guarantee the timely submission of your VAT returns to avoid penalties. Our team of experts ensures that your VAT filings are accurate and submitted on time, allowing you to focus on what you do best, running your business. #VATfillings #avoidpenalties #FSTAccounting #VATreturnsexpert #financialconsultancyinUAE

Country by Country (CbC) Reporting is a requirement under BEPS Action 13, requiring large Multinational Groups of Entities (MNEs) to provide detailed economic activity information for each jurisdiction they operate in. This includes global revenue, profit before tax, income tax accrued, and other economic indicators. The purpose is to ensure transparency in profit allocation and tax payments globally. In the UAE, CbCR applies to UAE-headquartered MNE Groups with financial reporting years starting on or after January 1st, 2019, with a deadline for submission by December 31st, 2020. Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.      Instagram: https://lnkd.in/dCQGP5ES  Facebook: https://lnkd.in/dT8PSeE2  Linkedin: https://lnkd.in/dybREPaA      For understanding more about VAT Updates, Tax Law and Registration reach out to us on: info@acme-group.me | +971527972066.        #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

𝗧𝗮𝘅 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗨𝗔𝗘: 𝗙𝗔𝗤𝘀 𝗗𝗲𝗰𝗼𝗱𝗲𝗱 𝗪𝗵𝗮𝘁 𝗥𝗲𝗰𝗼𝗿𝗱𝘀 𝗦𝗵𝗼𝘂𝗹𝗱 𝗬𝗼𝘂 𝗞𝗲𝗲𝗽 𝗳𝗼𝗿 𝗨𝗔𝗘 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗧𝗮𝘅 𝗣𝘂𝗿𝗽𝗼𝘀𝗲𝘀? Maintaining proper records is critical to ensure compliance with UAE Corporate Tax (CT) laws. Here's what you need to know: 📑 𝗪𝗵𝗮𝘁 𝘁𝗼 𝗠𝗮𝗶𝗻𝘁𝗮𝗶𝗻: 1️⃣ 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀: All businesses must prepare and retain financial statements that reflect their income, expenses, and overall financial position. These are essential for calculating taxable income. 2️⃣ 𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀: Keep all records that support the information declared in your CT return or other filings. This includes invoices, contracts, receipts, and any relevant correspondence. 3️⃣ 𝗘𝘅𝗲𝗺𝗽𝘁 𝗣𝗲𝗿𝘀𝗼𝗻𝘀: Businesses with exempt status are also required to retain documentation proving their eligibility for exemption. 📊 𝗪𝗵𝘆 𝗥𝗲𝗰𝗼𝗿𝗱𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗠𝗮𝘁𝘁𝗲𝗿𝘀: Maintaining accurate and complete records helps ensure: 1. Transparency during tax audits and reviews. 2. Quick resolution of tax queries from the UAE Federal Tax Authority (FTA). 3. Proof of compliance with UAE CT requirements. 📌 𝗪𝗵𝗮𝘁 𝗦𝗵𝗼𝘂𝗹𝗱 𝗬𝗼𝘂 𝗗𝗼? Set up a recordkeeping system to ensure all documents are organized and easy to retrieve for filing or audits. The FTA expects businesses to retain records for at least five years to meet compliance requirements. 𝗛𝗮𝘃𝗲 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗮𝗯𝗼𝘂𝘁 𝘆𝗼𝘂𝗿 𝗿𝗲𝗰𝗼𝗿𝗱𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀? 𝗟𝗲𝘁'𝘀 𝗰𝗼𝗻𝗻𝗲𝗰𝘁 𝗮𝗻𝗱 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝗵𝗼𝘄 𝘁𝗼 𝘀𝘁𝗮𝘆 𝗮𝘂𝗱𝗶𝘁-𝗿𝗲𝗮𝗱𝘆! 💬 #CorporateTax #TaxCompliance #UAEFinance #RecordKeeping #BusinessCompliance #AuditPreparation INDGenius Accounting INDGenius Accounting UAE CA Sunil Bohara Sachin Gor CA Prem Dosi Arun Baid Charwak Bhargav

Eid Mubarak to you and your families. Tax Connect UAE - Accounting, Tax and Auditing

Country by Country (CbC) Reporting is a requirement under BEPS Action 13, requiring large Multinational Groups of Entities (MNEs) to provide detailed economic activity information for each jurisdiction they operate in. This includes global revenue, profit before tax, income tax accrued, and other economic indicators. The purpose is to ensure transparency in profit allocation and tax payments globally. In the UAE, CbCR applies to UAE-headquartered MNE Groups with financial reporting years starting on or after January 1st, 2019, with a deadline for submission by December 31st, 2020.  Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.      Instagram: https://lnkd.in/dCQGP5ES  Facebook: https://lnkd.in/dT8PSeE2  Linkedin: https://lnkd.in/dybREPaA      For understanding more about VAT Updates, Tax Law and Registration reach out to us on: info@acme-group.me | +971527972066.        #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

𝐏𝐨𝐬𝐭 𝟐: 𝐄𝐥𝐢𝐠𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐂𝐫𝐢𝐭𝐞𝐫𝐢𝐚 𝐟𝐨𝐫 𝐅𝐨𝐫𝐦𝐢𝐧𝐠 𝐚 𝐓𝐚𝐱 𝐆𝐫𝐨𝐮𝐩 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐀𝐄 "𝐈𝐬 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐅𝐨𝐫𝐦 𝐚 𝐓𝐚𝐱 𝐆𝐫𝐨𝐮𝐩? 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐄𝐥𝐢𝐠𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐂𝐫𝐢𝐭𝐞𝐫𝐢𝐚" Forming a tax group in the UAE isn't just about combining companies under one umbrella. 𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐫𝐮𝐥𝐞𝐬 𝐭𝐡𝐚𝐭 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐦𝐞𝐭. 𝐇𝐞𝐫𝐞’𝐬 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐤𝐧𝐨𝐰: • 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞: The parent company must own at least 95% of the share capital and voting rights in its subsidiaries. This ensures control and consistency across the group. • 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐲 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭: All entities in the group must be UAE residents for tax purposes. This means your business operations and tax obligations should be firmly rooted in the UAE. • 𝐔𝐧𝐢𝐟𝐢𝐞𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐘𝐞𝐚𝐫: All companies within the group must share the same financial year. This makes the consolidation of financials smoother and ensures compliance with the Federal Tax Authority (FTA). • 𝐂𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐲 𝐢𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬: Every member of the tax group needs to follow the same accounting policies. This uniformity is crucial for accurate reporting and compliance. These are just the basics. The specific details can vary depending on your company’s structure. Assess your current setup carefully to see if forming a tax group is the right move for you. "𝐍𝐞𝐞𝐝 𝐠𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐨𝐧 𝐦𝐞𝐞𝐭𝐢𝐧𝐠 𝐭𝐡𝐞𝐬𝐞 𝐜𝐫𝐢𝐭𝐞𝐫𝐢𝐚? 𝐎𝐮𝐫 𝐞𝐱𝐩𝐞𝐫𝐭𝐬 𝐚𝐭 𝐈𝐍𝐃𝐆𝐞𝐧𝐢𝐮𝐬 𝐚𝐫𝐞 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐡𝐞𝐥𝐩." #TaxCompliance #UAECorporateTax #TaxGroup #BusinessGrowth #INDGeniusAccounting INDGenius Accounting INDGenius Accounting UAE CA Sunil Bohara CA Anil Bohra Sachin Gor CA Prem Dosi CA Rahul Bohra Gautam Bohra Charwak Bhargav Arun Baid