Integrated Tax Management

Our tax and advisory specialists understand the increasingly complex tax, commercial laws, and practices of this economy. Al Fouad Accounting & Management will assist a taxable person in the fulfilment of their tax obligations, tax rights and tax affairs with the FTA. Our expertise in providing practical advice, and technical tax issues into workable solutions for our clients. These days since fiscal horizons are changing rapidly around the world including U.A.E.
The decision maker & Entrepreneurs need to rely on the most valuable and carefully considered advice and expertise. The Taxpayer should be complied with VAT and Excise tax regulations. With the recent tax evolution of VAT and Excise tax in U.A.E, Tax planning and taking proactive steps to client’s tax situations and compliance with tax regulations. Our tax advisors would plan and advise you to save taxes so that Entrepreneurs and CEO’s can focus on your business strategy and growth. Our knowledge of UAE’s tax law and regulations with our experience will help you to make correct and informed decisions.

VAT

VAT is a transaction-based indirect tax which is levied at each step of the supply chain. End consumers generally bear the VAT cost while registered businesses collect and account for the tax, in a way acting as a tax collector on behalf of the Federal Tax Authority.
Many individuals and companies make mistakes when filing VAT returns in accordance with FTA standards. As a result, the UAE regulatory authorities can impose heavy VAT fines and penalties.
There can be many reasons for this, such as a lack of knowledge of VAT laws, inadequate accounting systems, incorrect tax strategy, and errors in VAT calculations, and, finally, failure to issue valid tax invoices to counterparties. A company should avoid these mistakes by hiring professional VAT return filing services in Dubai, United Arab Emirates.
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The Value beyond the deal Or the Benefits of our services:

  • VAT return filing in Dubai, Sharjah, Abu Dhabi, and any other emirate is the best option for compliance.
  • Our VAT consultants in the UAE have expert knowledge of the authorities and years of experience in all major industries. Support and guidance in preparing your VAT return will benefit you in many ways.

Excise Tax

Excise Tax is a form of indirect tax levied on specific goods. These goods are typically those that are harmful to human health or the environment. It is important to understand any potential obligations you or your business may have in respect of the UAE Excise Tax.
The FTA is committed to providing extensive support and guidance to assist you with your Excise Tax obligations. However, the responsibility lies with the business to make sure that any required compliance obligations are fulfilled.
The FTA has the power to conduct audits and impose penalties on those who are not compliant with their Excise Tax obligations.

Excise Tax is currently applicable across the UAE on goods referred to as ‘excise goods’ at the following rates:

  • 50% for carbonated drinks

  • 100% for tobacco products

  • 100% for energy drinks

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Corporate Tax

Our solutions are designed with a comprehensive understanding of the UAE Taxes, including the practical implications surrounding the introduction of Corporate Tax. Our solutions will therefore enable our clients to prepare for the new tax regime, maintain compliance, and help achieve optimum tax efficiency.
Corporate Tax is sometimes also referred to as “Corporate Income Tax” or “Business Profits Tax”.
Corporate Tax is a form of direct tax levied on the net income of corporations and other businesses.
With the recent release of the Corporate Tax Law, a smooth and comprehensive implementation of the new legislation requires tax professionals to have an in-depth understanding of the new regulations and their application. To address the urgent need for upskilling of regional tax professionals in preparation for the new UAE federal corporate tax (CT) in June 2023, That’s why we are here, We will provide comprehensive knowledge of the new regulations, legislation requirements and their practical application and compliance with the UAE Federal Tax Authority (FTA) and Ministry of Finance (MoF).
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