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We aim to stand out with personalized attention and expert accounting that turns your financial goals into achievements. It’s not just about numbers—it’s about shaping your success.
Our expert guidance meets personalized service for all your accounting, auditing, and bookkeeping needs.
We are committed to upholding the highest standards of integrity and transparency, with the goal of not just meeting, but exceeding, your financial management expectations. Our dedicated team strives to demystify the complexities of financial compliance and taxation for our clients, ensuring peace of mind and financial clarity. As stewards of your financial journey, we aim to foster enduring partnerships based on mutual trust and the relentless pursuit of excellence in all aspects of our work.
Distinguished in the realm of accounting, bookkeeping, and financial auditing, we empower businesses with strategic insights and a clear financial trajectory. Leveraging new technology and a deep understanding of the latest UAE tax regulations, VATAX is synonymous with trusted, efficient, and bespoke financial guidance. Stand out with us, where your financial vision becomes our mission.
Unmatched precision, proactive strategy, and personal service that elevates your financial success in UAE.
Relentless in pursuing your financial prosperity.
Expertise with a standard of excellence.
Years of insight from our staff & partners at your service.
Our team at Vatax brings to the table a rich tapestry of experience, having navigated the vibrant financial landscapes of Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Umm Al Quwain, and Ras Al Khaimah. With years of dedicated service in the UAE, our employees and partners possess an intimate understanding of the nuanced tax regulations as mandated by the Federal Tax Authority. This deep-rooted expertise translates into strategic advantages for companies operating both within and beyond the dynamic free zones of all seven emirates. We are seasoned in tailoring our approach to the unique fiscal frameworks that govern each jurisdiction, ensuring your business thrives under our vigilant financial stewardship.
Our passion for numbers goes beyond ledgers and tax forms—it’s about uncovering the narrative of your business’s growth and potential. We listen to what the figures whisper about efficiency, opportunity, and strategy, translating complex data into clear, actionable insights. We take pride in being the architects of a financial foundation that lets your business thrive on a story of success. With every balance sheet and financial report, we celebrate the milestones of your fiscal journey, dedicated to adding meaningful chapters through meticulous bookkeeping, strategic planning, and comprehensive auditing. It’s not just about numbers; it’s about nurturing the dreams behind your numbers into reality.
Across all seven Emirates, VATAX delivers seamless, expert guidance for your financial needs, ensuring compliance and clarity every step of the way.
While businesses in designated UAE free zones may benefit from special tax, customs, and import regimes, they are not automatically exempt from VAT. Each company’s VAT obligations depend on its specific activities and transactions.
UAE companies should start preparing by reviewing their financials, ensuring proper accounting records, and consulting with tax advisors to understand the implications and compliance requirements of the new corporate tax law.
Companies will be required to file annual corporate tax returns. Specific guidelines and procedures for filing returns will be provided by the UAE Federal Tax Authority.
Please be aware that the corporate tax legislation is subject to change, and businesses should consult the latest information from the UAE Federal Tax Authority or professional tax advisors for the most accurate and detailed guidance.
Companies in the UAE must adhere to the International Financial Reporting Standards (IFRS) when preparing their financial statements, ensuring transparency and comparability for stakeholders.
Penalties can include fines, late payment charges, and even suspension of business activities. Specific fines depend on the nature of the violation, ranging from incorrect tax filings to missed payment deadlines.
The standard VAT rate for most goods and services in the UAE is 5%. There are also zero-rated and exempt supplies that fall under different categories as per UAE VAT law.
UAE law requires all companies to maintain accurate and up-to-date financial records for a minimum of five years. This includes keeping records of all financial transactions, assets, and liabilities.
AT returns are usually filed quarterly or annually, depending on the business’s turnover and the stipulations set by the Federal Tax Authority.
The UAE will impose a standard corporate tax rate of 9% on taxable income above AED 375,000. There will be a 0% tax rate for taxable income up to AED 375,000 to support small businesses and startups.
Got questions? Don't hesitate to reach out! We're here to clear your doubts and provide prompt, knowledgeable responses. Your peace of mind is just a message away—ask us anything, anytime, and we'll be delighted to assist you.