​OUR SERVICES 

ACCOUNTING ASSISTANCE 

​THE BOOKS ​ : importance of maintaining accounts should not be underestimated as they integral in preparing management reports.
When a company finds that it is not economically feasible to hire a full time accountant, or needs to outsource part of their accounting functions in compliance with Federal Tax Authority's requirements to maintain proper books of accounts as per the guidelines issued by the authority under relevant laws and regulations made there under,  we could assist with our professional accounting services.

ANNUAL AUDIT ASSITANCE 

The primary focus of the annual financial audit is to provide assurance to the investors that the financial statements are accurate. The auditing of your company is a positive process. It will help to enhance the confidence of other people, external parties, as well as stake holders on your company.
An Annual Audit Report is mostly needed for the compliances towards the business licensing authorities like Economic Department &  Freezone Authorities of the Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Fujairah & Um Al Quwain,  for compliance with financing arrangements from banks and financial institutions and other authorities in the due course of the business of any company registered in United Arab Emirates. 

DDA DUE DATE FOR SUBMISSIONS 

30 November 2023 
DDA Annual Audit Submissions for the financial year ending 31 December 2022 

DMCC DUE DATE FOR SUBMISSIONS 

30 September  2023 ​
DMCC Annual Audit Submissions for the financial year ending 31 December 2022

JAFZA DUE DATE FOR SUBMISSIONS ​

30  June 2023 
JAFZA Annual Audit Submissions for the financial year ending 31 December 2022

REGISTRATIONS 

​​VAT REGISTRATION : We facilitate registration of companies, institutions and entities subject to value added tax with the Federal Tax Authority (FTA). Businesses that are required to register for VAT will need to set up an online account on the Federal Tax Authority's (FTA) website and complete the VAT registration form.
DE-REGISTRATION ​: A business must deregister under UAE VAT if their taxable supplies for the last 12 month is less than AED 187,500.

VAT RETURN SUBMISSONS 

It should be noted that,  " VAT Tax Return and payments must be submitted by the tax registrant companies to the Federal Tax Authority online no later than the 28th day following the end of the Tax Period of the respective company”.
VAT RETURNS : All the tax registrants must file VAT Returns who have been provided a TRN (Tax Registration Number) under UAE Value Added Tax law and regulations made there under.
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VAT REFUNDS : We assist companies in the process of VAT refund following the VAT law, rules, regulations and refund conditions. ​
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VAT VDS : We assist companies in the process of Voluntary Disclosure under UAE Value Added Tax.  ​
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VAT AUDIT : Auditing services to verify the accuracy and correctness of VAT Returns generated from the financials management systems of the enterprises.
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DUE DATE FOR SUBMISSIONS 

28 September 2023 ​
VAT Return 201 for the Tax Period 02-2024 ending 31 August 2023
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​EmaraTax Platform - Live Now 

​EmaraTax is a new tax platform designed by Federal Tax Authority in UAE, to provide a better experience for taxpayers managing their tax obligations in UAE.  On emara tax platform, taxpayers can access the digital services of the Federal Tax Authority in UAE, for registration, filing returns, paying taxes and seeking refunds.

    How to access EmaraTax Platform ?

ECONOMIC SUBSTANCE REGULATIONS  (ESR)  COMPLIANCE 

ESR ASSESSMENT : Self  assessment needs to be done for each financial year starting on or after 1 January 2019, and should take into account the activities undertaken by the Licensee at any time throughout the relevant financial year.​​
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ESR NOTIFICATION :Entities that are within the scope of the Regulations are required to submit an annual Notification form to their Regulatory Authority
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ESR RETURNS : ​Entities that earn income from their Relevant Activities are required to file an Economic Substance Report within 12 months from the end of the relevant financial period ​
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SUBSTANCE TEST : Entities that carries out one or more of the Relevant Activities and derives income from the Relevant Activity in the UAE are also required to satisfy an economic substance test

DUE DATE FOR ES NOTIFICATION SUBMISSIONS 

Financial Year 31 December 2022 

The last date to submit the Annual ES Notification for the financial year ending 31 December 2022 is 30 June 2023 
The last date to submit the Annual ES Return for the financial year ending 31 December 2022 is 31 December 2023 

Financial Year 31 March 2023

The last date to submit the Annual ES Notification for the financial year ending 31 March 2023 is 30 September 2023 
The last date to submit the Annual ES Return for the financial year ending 31 March 2023 is 31 March 2024  

Ultimate Beneficial Ownership Regulation (UBO) 

The UBO Regulations apply to mainland companies and companies incorporated in non-financial free zones such as Dubai Multi Commodities Centre, Jebel Ali Free Zone, Ajman Free Zone, RAKEZ, DAFZ, SAIF Zone, SHAMS, DDA etc.  The regulations exempt the companies based in the financial free zones in UAE like Abu Dhabi Global Markets (ADGM) and Dubai International Financial Centre (DIFC) as such companies are required to comply with the separate UBO requirements that are in place for such financial free zones.

ANTI MONEY LAUNDERING (AML) COMPLINACE ​​

SELF ASSESSMENT :  Registration obligations under the goAML in UAE are on the DNFBP (Designated Non-Financial Businesses and Professions) based in mainland and free zone.
​REGISTRATION : Registration obligations under the goAML in UAE are on the DNFBP (Designated Non-Financial Businesses and Professions) based in mainland and free zone.
​COMPLIANCE : Registration obligations under the goAML in UAE are on the DNFBP (Designated Non-Financial Businesses and Professions) based in mainland and free zone.
​CONTROLS :  Registration obligations under the goAML in UAE are on the DNFBP (Designated Non-Financial Businesses and Professions) based in mainland and free zone.

CFO ADVISORY ​

Stay ahead of competition with the expert CFO advisory services from the business performance review strategic financial planning.

iNSIGHTS

UAE Corporate Tax​ - ​The Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses issued !!
​The Corporate Tax Law provides the legislative basis for the introduction and implementation of a Federal Corporate Tax in the UAE and is effective for financial years starting on or after 1 June 2023.

Self Assessment under the Corporate Tax in UAE ​​

"We at Gupta Accountants, assist in the timely and correct obligatory legal compliances by your business based in United Arab Emirates and  add value by reducing the cost of non- compliance​"
HEAD OFFICE 
PO Box 123 383 Dubai UAE 
T: +971 4 396 7982 
M: +971 55 9893299 
​E:  info@guptaaccountants.com 
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