Abu Dhabi | UAE

Our Services

Service & Expertise

  • Our Service and support are readily available at any point of time as and when needed.
  • Provides expert Solutions and undertakes VAT and Corporate Tax Registration and timely Tax Finalization & Filing to FTA (Federal Tax Authority) and the related Services.
  • Analyze the existing work system, propose & setup the required work flow & Accounting Platform for the smooth & effective functioning of Business operation
  • Undertakes Complete Accounting & Bookkeeping Service includes recording of all accounting transactions till Accounts finalization works & preparation of periodical financial statements, MIS reporting and other required periodical Report submissions to Management / Authorities in line with IFRS – International Financial Reporting Standards and other compliances.
  • Arranging to get the books of accounts Audited - For the issuance of Audited Financial Statements as per the Company’s requirements.
  • Provides timely advises / guidelines for the business success & enhancement in view of the periodical reports - analyzing the financial performance of the Company
  • Timely submission of Periodical Cash Flow, Annual Budget & Other required reports to the management
  • Handles Accounts Payable / Receivable based on the aging analysis reports & assist the Client in Payment Collection (if required)
  • Monthly Payroll Processing for WPS Transfer & maintaining Employee records, related schedules
  • Bank / Cash a/c reconciliation, undertake to arrange documentations, reports and liaison with the Banks in getting the Banking facilities approved / arranged as per Company requirements
  • Regular Office Visit to attend & complete the periodical transactions, pending works to keep the books of accounts updated at all times.
  • Undertake in arranging documentations, reports and liaison with the Authorities / Issuing bodies for the issuance of “DED Classification certificate” & “ICV certificate” for the Company

Quality Accounting and Bookkeeping

Undertakes Complete Accounting & Bookkeeping Service includes recording of all accounting transactions till Accounts finalization works & preparation of periodical financial statements, MIS reporting and other required periodical Report submissions to Management / Authorities in line with IFRS – International Financial Reporting Standards and other compliances.

Value Added Tax (VAT)

  • Value Added Tax is a type of consumption tax and is applicable to almost all kinds of goods and services with an exception of few items. VAT is introduced at the standard rate of 5% in the UAE and all across the GCC on 1 January, 2018.
  • Businesses whose annual supply is either equivalent or more than AED 375,000 must register as mandatory for VAT. All those businesses whose supplies fall in between the range of AED 187,500 and AED 375,000 can apply for voluntary registration.

Corporate Tax (CT)

  • All businesses must register for Corporate Tax, regardless of their legal forms in the Trade License.
  • Taxable entities will be subject to Corporate Tax from the first fiscal year starting on or after June 1, 2023. Companies (Legal Person) must file their Corporate Tax submissions to the Federal Tax authority (FTA) after the end of the first taxable period

RETURN FILING DEADLINES

  • Financial Year : 1st June - 31 May
  • First Tax Period : 1 June 2023 Till 31 May 2024
    Return Filing Deadline : 28 Feb 2025
    (Return Filing Period – 9 Months)
  • Financial Year : 1st Jan - 31 Dec
  • First Tax Period : 1 Jan 2024 Till 31 Dec 2024
    Return Filing Deadline : 30 Sep 2025
    (Return Filing Period – 9 Months)

KEEP YOUR RECORDS

  • You must keep accounting records, commercial books and all documents related to your business activities for a minimum of 7 years after the end of the related tax period. These documents and records include: -
  • Balance sheet, Profit & Loss (P&L) Statement
    Records of salaries and wages
    Records of Fixed assets
    Records of all other Assets & Liabilities / Direct & Indirect Expenses
    Records of all taxable income & taxable expense.
  • Financial Year : 1st Jan - 31 Dec
  • First Tax Period : 1 Jan 2024 Till 31 Dec 2024
    Return Filing Deadline : 30 Sep 2025
    (Return Filing Period – 9 Months)

As we need to ensure the proper Tax filing of both VAT and CT, We PAS emphasis the need of maintaining the proper and accurate books of accounts - records in line with IFRS principles and UAE Rules and regulations