Accounting and VAT Services in Dubai, UAE

VAT registration – VAT is a tax levied on consumption of commodities and hence it is known as a Consumption tax. Value Added Tax is applicable for the mainland and free zone companies that are registered under VAT. The tax rate levied by the UAE government on tax-registered companies and establishments is 5%. VAT returns can be filed on the official portal of Federal Tax Authority. (FTA) Accounting and Bookkeeping – Accounting and Bookkeeping services are not identical. Bookkeeping is a facet of Accounting. Accounting has a much broader perspective than Bookkeeping. Bookkeeping is maintaining a record of the financial figures and transactions conducted by a business establishment. Accounting has something more to do other than the recording of the financial transactions of the establishment. Accounting carries out the understanding, organizing, evaluating, reporting, and summing up of financial information.

Auditing Services – Recent years have witnessed a huge increase in the number of Auditing firms and consultants in the Emirates. Auditing service ensures legitimacy in the financial dealings of the company. Flawless auditing gives an accurate representation of the financial status of an organization. Auditing helps shareholders and investors to attain a precise understanding of the financial transactions and status of the company.

VAT Return filing – VAT returns filing must be done by all business establishments that are listed under VAT registration. Businesses may pursue the VAT return filing via the official website of FTA (Federal Tax Authority). VAT return provides the calculation of a business establishment’s overall supplies and purchases carried out in specific time duration.

CFO Services – A CFO or a Chief Financial Officer is in charge of all the financial transactions and dealings of an organization. A CFO performs a variety of activities in connection with financial dealings like planning, monitoring cash flow and understanding the areas of financial strong point and frailty of the company.

Tax Advice – There are different types of taxes that are applicable to a Corporate business establishment in the UAE. Tax laws are subject to change and business establishments should ensure compliance with the laws. Businesses should receive timely updates regarding changes in tax laws. Kiltons provides the above-listed services via Kiltons Accounting and tax consultants. Get in touch with our team to sort out your tax-related doubts.