Every business is different – but what every business needs is expert financial advice and accountancy. Abstract Accounting, Auditing & Bookkeeping certified firm of experienced Chartered Accountants, auditors and specialist service teams offering a wide range of services including Auditing , Accounting, Feasibility studies and Management and Software Consultancy services tailored to client’s needs. Our head office is in Dubai with branch offices in Abu Dhabi, Jebel Ali, Sharjah and SAIF Zone. With practices throughout the UAE, we become experts in your business – helping you take control of finances, across every aspect of your company. Whilst we are qualified auditors, accountants and business advisers, what makes us different is our innovative, flexible and commercial approach.
The Corporate Tax Law will be effective from 1 June 2023 with a headline rate of 9%.
The regime includes features that represent best practices in international taxation.
Several exemptions are available for businesses operating across strategic sectors.
Free zone persons can continue to maintain their 0% tax position subject to meeting certain conditions.
General anti-avoidance and transitional rules apply from the date the law is published in the Official Gazette.
Value Added Tax (VAT) is a kind of tax levied on sale of goods and services when these commodities are ultimately sold to the consumer. VAT is an integral part of the GDP of any country.
While VAT is levied on sale of goods and services and is paid by producers to the government, the actual tax is levied from customers or end users who purchase these goods and services. Thus, it is an indirect form of tax which is paid to the government by customers via producers of goods and services.
VAT is a multi-stage tax which is levied at each step of production of goods and services which involves sale/purchase. It is levied on the ‘Value Added’ in each stage of ‘production or supply chain’. Any person earning an annual turnover by supplying goods and services above the exempted limit is liable to register for VAT. VAT is levied both on local as well as imported goods (at the point of sale).
Every business is different – but what every business needs is expert financial advice and accountancy. Abstract Accounting & Auditing certified firm of experienced Chartered Accountants, auditors and specialist service teams offering a wide range of services including Auditing , Accounting, Feasibility studies and Management and Software Consultancy services tailored to client’s needs. Our head office is in Dubai with branch offices in Abu Dhabi, Jebel Ali, Sharjah and SAIF Zone.
ABSTRACT Auditing and Book Keeping is an ISO 9001-2015 certified firm of experienced chartered accountants, auditors and specialist service teams providing services in the field of audit, accounting , VAT and other advisory services.
We provide a wide range of corporate services like auditing, accounting, feasibility studies, VAT consultancy, management and software consultancy, tailored to clients’ needs.
DMCC Approved Auditors in Dubai – Reliable Financial Compliance with Abstract Accounting and Auditing Services The Dubai Multi Commodities Centre (DMCC) is a key free zone in Dubai, providing an attractive business environment for companies across industries. However, operating within this regulated jurisdiction requires compliance with DMCC’s specific financial and auditing standards. This is where […]
Corporate Tax Registration in the UAE with Abstract Accounting and Auditing Services in Dubai Navigating corporate tax registration is essential for businesses operating in the UAE. With the introduction of corporate tax laws, compliance is now a fundamental requirement for companies. At Abstract Accounting and Auditing Services in Dubai, we specialize in assisting businesses through […]
How to get ICV Certification in UAE: In-Country Value (ICV) certification has become essential for businesses looking to thrive in the UAE. Introduced by the Abu Dhabi National Oil Company (ADNOC) and supported by other government entities, the ICV program encourages economic diversification by boosting local industries and creating employment opportunities. ICV certification demonstrates your […]
