Tax Planning and Accounting Services for Business in the UAE
Minimize your direct and indirect tax concerns by taking advantage of SORP Group experts’ experience and in-depth knowledge of local UAE tax law and transfer pricing solutions through their professional tax planning, accounting and bookkeeping services.
While the UAE does not impose direct federal corporate or income tax, regulatory compliance is still vital and the state expects regular, accurate and professional financial reporting. SORP Group’s specialists will apply their in-depth local tax and accounting know-how to ensure regulations are correctly applied and fulfill timely preparation and filing of obligatory reports. They will assist in auditing and analyzing your settlement schemes and commercial operations to maximize deductions and ease the tax burden.
SORP’s specialists will help you to accomplish these vital tasks in a highly professional manner
Development of a VAT accounting policy
SORP Group’s experts in the areas of accounting and tax planning will draft a detailed action plan based on your company’s activities, established business practices and UAE law.
Tax registration with the UAE authorities
VAT registration with the FTA (Federal Tax Authority), obtaining a tax registration number (TRN) and setting up access to an online profile in the tax payer’s portal for filing returns.
Tax accounting and bookkeeping
Accounting for your business and financial operations, tracking all changes in the UAE tax legislation, timely preparation and filing of tax returns with the competent fiscal authorities.
Creation of tax consolidated groups
Evaluate the feasibility of creating or joining a UAE tax consolidated group so that you can perform tax-free payments and file regular consolidated tax returns for all affiliated companies.
Tax planning advice
Assess possibilities for reducing the tax burden of your affiliated businesses abroad through mechanisms for accounting in the UAE of all costs and liabilities borne by the company.
Preparation of audited statements
SORP’s professionals will help you draw up consolidated reporting for a group of companies in order to confirm receivables from the previous-year deliveries declared in your books.
Control over financial operations
SORP’s financial specializations include providing your business with high-quality accounting services including the functions of control and risk evaluation in regard to financial transactions.
Safe keeping of source documents
While delivering business control and review services, SORP Group will keep your company’s source documents safely for subsequent use by the beneficiaries for any required business purposes.
Confirmation of economic substance
By showing that all your business operations are located where the company was incorporated, a management and control center is proven, meaning all income falls under UAE taxation.
185 000dirham
375 000dirham
- Quarterly filing of tax return with FTA (Federal Tax Authority)
- Monthly filing if bank account transaction levels are significant
- Filing tax returns and timely VAT payments
- Issuing VAT invoices to clients for delivery of goods or services
Basic requirements of UAE government bodies when licensing a company
Tax planning and accounting services
- Confirmation that the company has a physical office, required when opening a bank account in the UAE, via renting fully equipped office space in SORP Group’s Business Center.
- Drawing up contracts, auditor’s opinions to confirm a rationale for commercial operations, preparation of a consolidated auditor’s report.
- High-quality analysis of all financial accounts and books, verification of tax accruals and collection of data to achieve cost-cutting measures for improved operational efficiency.
- Prompt and high-quality bookkeeping for your company at any stage, assistance in maintaining improving margins and returns, especially should UAE tax laws change.
Comprehensive business support
- Analysis of your business idea, development of your strategy and business plan, performance of due diligence procedures, evaluation of your business prospects.
- Incorporation of all types of companies, business relocations, building business structures and holdings to run activities from the UAE, obtaining licenses and product certification.
- Operations management at all levels, review of control and crisis management, confirmation of management & control center as well as economic substance in the UAE.
- Confidential and robust legal solutions to minimize taxes, to conceal information about business owners, and to protect against international automatic data exchange under CRS.
SORP Group is your reliable partner for doing business in the UAE
Obtain your license for real estate business in the UAE
SORP Group’s specialists closely follow the latest business trends and will provide your business with highly-professional support.
Contact SORP Group right now and order a complete bundle of outsourced tax and accounting services!
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