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Financial Advisory

Financial Advisory

Value Added Tax (or VAT) is an indirect tax imposed on the supply of most goods and services. An inherent feature of VAT is the self-assessment nature, which makes it a must for every VAT-registered business to record, assess and report its VAT obligations and entitlements, in accordance with the law to the tax authorities. Handling VAT can be challenging for a company. ARJ AUDITING as one of the leading auditing and accounting firms in the UAE, we help resolve this challenge effectively. Our team of experienced professionals will assist you with the below mentioned services:

Financial Advisory

On 31 January 2022, the UAE Ministry of Finance ('MoF') announced the introduction of a federal corporate tax ('CT') in the UAE that will be effective for financial years starting on or after 1 June 2023. The UAE CT regime will be based on international best practices, with a low / minimal compliance burden on businesses. The Ministry of Finance has announced the introduction of a 9% federal corporate tax in UAE on business profits with a threshold of AED 375,000. Businesses operating in the UAE (from Offshore and Onshore) will need to consider the impact of Corporate Tax on their transactions including cross-border transactions and entity structure and ensure compliance with the new Corporate Tax requirements. Planning early on corporate tax will be crucial for businesses operating in the UAE.
We at ARJ AUDITING with our experience and expertise will guide you each step of the way in smooth implementation of corporate tax. Our experienced team of tax professionals will assist you with the following services:
Analysing and understanding your business model to assess the applicability of UAE CT law and the impact it would have on your business

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