A business must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000.

The primary focus of the annual financial audit is to provide assurance to the investors that the financial statements are accurate. 
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auditS
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. ​ ​
VAT ReturnS
​The importance of maintaining accounts should not be underestimated as they integral in preparing management reports.

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the books 
A business must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000.
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VAT REgistration 

UAE VAT 

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. 
We assist companies in the process of VAT refund following the VAT law, rules, regulations and refund conditions. ​
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VAT Refunds
We assist companies in the process of Voluntary Disclosure under UAE Value Added Tax.  
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VAT vDS
A business must deregister under UAE VAT if their taxable supplies for the last 12 month is less than AED 187,500.
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De-registration 
Auditing services to verify the accuracy and correctness of VAT Returns generated from the financials management systems of the enterprises.
VAT AUDIT ​

Economic Substance Regulations 

ESR Compliance is mandatory for the companies engaged in the relevant activities as specified in ESR Regulations in UAE 
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 assessment 
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

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SUBSTANCE TEST
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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ESR Returns 
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 NOTIFICATION 

New goAML Compliance in UAE ​

Registration obligations under the goAML in UAE are on the DNFBP (Designated Non-Financial Businesses and Professions) based in mainland and free zone  
SELF ASSESSMENT 
REGISTRATION
​COMPLIANCE
CONTROLS ​
New UAE Beneficial Ownership Declaration Compliance in UAE ​
Non correct & timely compliance could make the entity subject to the administrative penalties prescribed under the UAE UBO (Ultimate Beneficial Owner) Regulations starting from 01 July 2021 hence the due compliance must be made before 30 June or earlier as per the the deadline notified by the respective licensing authorities in UAE.​​

Important Compliance Due Dates !

  • The last date to submit the Annual ES Report for the financial year ending 31 December 2020 is  31 December 2021.

"We at Gupta Accountants, could assist in the timely and correct obligatory compliances by your business 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 
We provide our periodic compliance services, like  FTA VAT  Return, FTA VAT Refund, FTA VDS Return, FTA Registration & Deregistration, Annual ESR Return & maintenance of statuary registers of UBO in UAE to the all the entities registered with  ​Ministry of Economy, Dubai Aviation City, Dubai South,  Hamriyah Free Zone Authority (HFZA),  Media Free Zone (Abu Dhabi), Central Bank of the UAE, Jebel Ali Free Zone (JAFZA) DP World,  Ajman Free Zone Authority, Abu Dhabi Airports Free Zone, Insurance Authority, Dubai World Trade center,  Ajman Media Free Zone Authority,  MASDAR, Security and Commodities Authority,  International Humanitarian City (IHC) ,Ras Al Khaimah International Corporate Centre (RAK ICC), Abu Dhabi Global Market (ADGM), Dubai Airport Free Zone , TECOM (Dubai Development Authority),  Ras Al Khaimah Economic Zone (RAKEZ), Abu Dhabi Ports, Dubai Healthcare City Authority, Dubai Multi Commodities Centre (DMCC), Fujairah Free Zone, Fujairah Creative City,  Dubai International Financial Centre (DIFC) Dubai Silicon Oasis Umm Al Quwain Free Zone (UAQ) Sharjah publishing city, Meydan Free zone, Sharjah Airport (SAIF) Zone, Khalifa Industrial Zone Abu Dhabi (KIZAD), Sharjah media city, International free zone authority Fujairah, RAK Maritime City, Sharjah Healthcare City, The Sharjah Research, Technology and Innovation Park in addition to the assistance in the compliance with the annual audit requirements  and books of accounts. 
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