Regulatory Compliance Services in Ajman

​​Accounting records and commercial books

The UAE Tax Procedure Law 28 of 2022 and regulations made under this law, stipulates that accounting records and commercial books must comprehensively document various financial transactions related to business activities. These records should capture payments and receipts, purchases and sales, as well as revenues and expenditures, in compliance with the tax law and other relevant regulations. Essential components of these records include balance sheets and profit and loss accounts, detailed records of wages and salaries, and thorough documentation of fixed assets. Additionally, businesses are required to maintain accurate inventory records and statements, detailing quantities and values at the end of each tax period, as well as records of stock counts tied to these inventory statements. Adhering to these stipulations is crucial for ensuring transparency and compliance with the established tax regulations.

In the realm of financial management, it is essential to maintain comprehensive documentation that supports the entries in accounting records and commercial books. This encompasses a variety of important documents, including correspondence, invoices, licenses, and contracts directly related to the business operations. Furthermore, it is crucial to retain any documents that detail elections, assessments, determinations, or calculations made by the taxpayer concerning the tax affairs of their business. Such documents should clearly outline the basis or method utilized in these assessments, determinations, or calculations. Proper organization and preservation of these records not only ensure compliance with regulatory requirements but also facilitate a thorough understanding of the financial health and tax obligations of the business.

More | Accounting Services in Ajman

Regulatory Compliance Services in Ajman

Accounting​ ​Services 

Review ​Services 

Audit ​Services 

​Corporate Tax Registration ​Services 

Corporate Tax De Registration ​Services 

​VAT Registration ​Services 

VAT De Registration ​Services 

VAT Return 201 ​Services 

VAT Consulting ​Services 

​VAT Refund ​Services 

Corporate Tax Consulting ​Services 

Corporate Tax Audit ​Services 

Corporate Tax Return ​Services 

Corporate Tax Refund ​Services 

FTA Penalty Reconsideration ​Services 

Corporate Tax Assessment 

VAT Assessment ​Services 

ES Compliance ​Services 

​AML CFT Compliance ​Services 

UBO Compliance ​Services 

Internal Audit ​Services 

​Country By Country (Cbc) Reporting ​Services 

​Tax Planning Services 

​Transfer Pricing Compliance Services 

​Domestic Minimum Top Up Tax  - DMTT  Compliance Services

Tax Residency Certificate Domestic Services 

​Tax Residency Certificate International Services

​​Double Taxation Avoidance Services