FAQthe most frequently asked questions.
In fact, you are required to submit your accounts to renew your license. It is therefore impossible to maintain an open company without proper accounting. In addition, you are required to file a tax declaration. This is based on accounting elements obtained by producing a balance sheet.
An accountant plays a key role in the preparation of the corporate tax return in Dubai, helping to calculate the tax due, preparing and submitting the return, and managing any correspondence with the tax authorities. Our accountants in Dubai are experienced in handling all of these aspects.
Registration to corporate tax in Dubai is an essential step to comply with new tax regulations. Our team of tax experts can guide you through the registration process, ensuring your business complies with all local tax requirements.
Whether or not you need to have your accounts audited depends on where your company is registered and whether you are seeking tax-free status. While a full audit of your accounts is not always mandatory, it can be particularly useful if you are considering using your company to obtain financing.
Indeed, banks generally require audited accounts to assess your file and validate any type of financing, whether professional or personal. A rigorous audit thus strengthens the credibility of your company with financial institutions.
A VAT of 0% or 5% is applied in the United Arab Emirates.
VAT in the Emirates works the same way as in the rest of the world: it is paid by the end consumer. It is neutral for businesses, which must collect it and pay back the difference between the VAT collected on their sales and the deductible VAT on their purchases.
A company established in the United Arab Emirates must register for local VAT as soon as The total of its sales of goods and/or services subject to the tax (made locally in the United Arab Emirates) as well as the amount of its imports into the country (goods or services purchased abroad and brought into the territory of the Emirates) exceeds AED 375. It is also possible to register before reaching this mandatory threshold, but you will need to reach the voluntary registration threshold of AED 187.
Attention, even if your company only provides services outside the United Arab Emirates, we must apply for exemption from VAT registration.
The sale of products internationally, including within the European Union, from the United Arab Emirates is subject to VAT in the countries to which the products are delivered and/or services provided.
MAJ's scope of action focuses on the management of local VAT for your company and excludes any registration, declarations and payments to be made to Member States of the European Union or any other State in the world where you would be liable for taxes or duties.
To ensure a personalized approach and precise advice on VAT on the sale of products & services within the European Union, we offer you a consultation with an expert in this field: Alban Chatagnon, CEO of Eurofiscalis. With his expertise, Alban will be able to analyze your situation and advise you on the best practices for VAT management in the context of your activities.
We will carefully analyze your existing configuration and provide you with tailor-made recommendations to maximize your financial performance each year, while respecting current tax regulations.
The MAJ offers include our advice to minimize your tax as well as the possible drafting of additional contracts to protect you.
Our team is also available every day on a group dedicated to your company to answer any questions you may have and help you.
Did you know ?
MAJ was selected by the authorities to educate and inform the public of entrepreneurs and professionals about the arrival of the tax and provide a clear interpretation on this subject.
