Qualified support for tax accounting and reporting in the UAE
Everything you need for your business in the UAE, all in one place!
Tax accounting for CIT purposes is required for running a business in the UAE from 1 June 2023 and is formed on the basis of adjustments to accounting data.
Over 15 years of expertise in these fields.
Consultant and Methodologist in International Tax Planning, International Financial Reporting, and International Business Structuring.
Elena Varyukhina, CEO
If the company fails to provide proper tax and accounting support, the following penalties and problems may arise:
- Tax risksLack of tax due diligence will increase tax risks associated with late tax registration and tax reporting, as well as the composition of tax returns, which may lead the company to penalties.1
- Problems with auditsImproper accounting and tax irregularities may cause negative audit opinions and increase additional interaction with tax authorities.2
- Legal consequencesFailure to comply with legal requirements in the area of finance and taxation may result in administrative liability and large fines.3
- Missed opportunitiesWithout legitimate tax optimisation and proper financial accounting, a company may miss opportunities to reduce tax costs and increase profits.4
- Loss of clientsFailure to meet the financial reporting and tax requirements of clients and partners can result in the loss of customer base and business opportunities.5
- PenaltiesFailure to comply with books and records regulations can result in large fines.6
The alternative solution for small and medium-sized businesses may be to outsource tax support.
Our company provides a full cycle of tax services for companies from registration to reporting. All specialists of the company correspond to the level of education and profile of accounting services in the UAE.
Our company provides a full cycle of tax services for companies from registration to reporting. All specialists of the company correspond to the level of education and profile of accounting services in the UAE.
With Eagle Eye Accountancy & Bookkeeping, you will receive expert support on international tax and bookkeeping issues, reduce your tax risks, reduce the likelihood of fines and penalties, optimise your financial processes and be able to focus on growing your business, knowing that your finances and taxes are in safe hands of professionals.
In case you receive a fine because of us we will pay it in full! There have been no such situations in the last 5,475 days.
Why Choose Us?
Guarantee of quality accounting services.
One-Stop Principle: No need to run around or search for intermediaries.
Extensive practical experience in the field of taxation.
We advise on doing business in the UAE, tell you about all the risks and pitfalls.
We will not overlook significant tax accounting rules, non-compliance with which may cause damage to your business.
Monthly reports on your activities with comments.
Monitoring your activities for timely tax procedures.
We ensure confidentiality of data.
High discipline of primary accounting.
Full range of services for running a business in the UAE
In the market since 2016
More than 15 experts on staff
Branches in Moscow and Dubai
What is included
in the tax support service?
Consultation
on CIT & VAT
on CIT & VAT
Our experts will undertake tax planning advice for your CIT & VAT tax activities, as well as a description of the tax consequences and tax risks:
- Tax planning and business implications of CIT tax
- Tax planning and business implications of VAT tax
- Reconstructing accounting for tax accounting purposes
- Tax scenario building
- Identification and management of tax risks
Consulting in the field of international taxation
Our specialists will advise you on international tax planning and structuring:
- Formation of international tax scenarios
- Assessment of tax consequences in international scenarios
Corporate Income Tax registration and declaration
- Carry out timely taxpayer registration under CIT
- Determine the tax banding of your business to apply CIT tax rates
- Timely and correctly calculate tax and submit tax returns
VAT registration.
VAT declaration
VAT declaration
- Carry out timely VAT registration or exemption from registration
- Timely and correctly calculate taxes and submit tax declarations
International
taxation
taxation
- Identification and assessment of tax risks in international transactions
- Transfer pricing
- International tax structuring
Obtaining tax residency certificates
We will prepare an application and obtain a UAE tax residency certificate for the purpose of avoiding double international taxation.
You can learn more about the company's rates and services at a free consultation with our specialist
Leave a request and get a 15-minute consultation for free!
FAQ
In line with the introduction of the UAE Corporate Income Tax in the UAE from 01 June 2023 Federal Law No. 47 of 2022, all companies are required to register for CIT tax, registration of this certificate has been available since August 2023 on the EmaraTax platform.
The standard VAT tax rate in the UAE is 5%. International transactions in the UAE are taxed at 0%, the sale of financial services, sale of land, and passenger transport are exempt from VAT.
Companies that make supplies at the rate of 0% can apply for exemption from mandatory registration. However, it is worth remembering that if the supplies fall under the general conditions for VAT rates in the UAE, the company must notify the FTA within 10 working days after the start of such supplies and register as a VAT taxpayer.
Companies that make supplies at the rate of 0% can apply for exemption from mandatory registration. However, it is worth remembering that if the supplies fall under the general conditions for VAT rates in the UAE, the company must notify the FTA within 10 working days after the start of such supplies and register as a VAT taxpayer.
In case you are late to register for VAT or fail to file an exemption from mandatory registration you will be fined AED 10,000 (AED), in case you are late for the first VAT reporting period you will be fined AED 1,000 (AED) for late submission of tax returns.
Reviews
Contact Us
Dubai
info@acceagleeye.com
The Exchange Tower Business Bay Dubai, UAE
+971 52 552 9700
Moscow
info@balancelt.ru
Moscow, Olminskogo proezd, 5, 8th floor, office 857
+7 (985) 075-93-57
info@acceagleeye.com
The Exchange Tower Business Bay Dubai, UAE
+971 52 552 9700
Moscow
info@balancelt.ru
Moscow, Olminskogo proezd, 5, 8th floor, office 857
+7 (985) 075-93-57
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+971 52 552 9700