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Creating an accounting policy

Work with SORP Group’s experts to design an accounting policy that lets you optimize your tax burden.

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Working with local experts to develop a customized VAT accounting policy means being able to understand every nuance of tax accounting, payments, and reimbursements in the UAE.

What exactly is an accounting policy, and who needs one?

An accounting policy serves as a company’s “roadmap”, in order to ensure proper VAT record- keeping, payments, and reimbursements. Though UAE legislation regarding VAT is based on common international standards, with so many foreign companies registered in the Emirates, a single customs space shared with countries of the Persian Gulf region, and high rates of real estate and tourism activities, local taxation laws have many peculiarities that are difficult to make sense of without professional support.

What is included with VAT accounting policy services?
  • A personal consultation
  • A detailed guide, including:
    • Information on when VAT is applicable on your company’s activities, with practical case studies,
    • Rules on tax accounting and reporting,
    • Rules on paying arrears from previous periods,
    • Information on penalties,
    • Information on keeping tax documents.
  • Additional staff training, if necessary
Learn more about features of accounting and tax accounting in the UAE
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Our Solutions

SORP Group is a taxation expert, with comprehensive accounting outsourcing solutions

Our solutions Our assets
  • Comprehensive accounting and taxation support
  • Establishing a tax group
  • Company registration as a taxpayer, subject to required conditions
  • Registration and support for individuals subject to taxation
  • Tax consultations
  • Training for managers and accountants in accounting basics and the features of local tax reporting
  • State tax and accounting service license
  • Accountants and tax advisors with international experience on board
  • Partnerships with leading audit companies
  • Our own business university, certified by the Ministry of Education
  • 5,000 m2 of our own office space
  • 15 years of experience in the UAE

Request an individual VAT accounting policy development

Upon submission of your application to the SORP Group, you will receive a free expert consultation within 20 minutes.

Our team of experts will develop correct VAT accounting policies to optimize your tax payments and ensure you are in compliance with all legal requirements.