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Document required for VAT Registration in UAE

Document required for VAT Registration in UAE

Document required for VAT Registration in UAE: – VAT will come into force from 1st January 2018 in UAE. In this crucial situation all the businesses registering for VAT should be aware of the documents required for VAT registration in UAE.  The list of documents required for VAT Registration in UAE is mentioned below.

Checklist for VAT Registration UAE

Document required for VAT registration

  1. Trade License
  2. Certificate of Incorporation/ Registration Certificate (as applicable)
  3. Articles of Association/ Partnership Agreement or any other document showing ownership information about the business
  4. Copy of Passport and Emirates ID of all Owners
  5. Details of manager
  6. Copy of Passport and Emirates ID of the Manager
  7. Physical office location of the Business
  8. Contact details
  9. Bank Account details
  10. List other business(es) of the directors/ partners in UAE in last five years along with their Trade License copies
  11. Declaration about
  • Business activities of the applicant
  • Actual or estimated financial transaction values
  • Turnover in last 12 months with supporting documents
  • Details about expected turnover in next 30 days
  • Details about  expected exempt supplies
  • Imports and Exports
  • GCC activities of the Business
  • Details about Customs registration information 

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                             

EXCISE DUTY STOCK AUDITORS IN DUBAI

EXCISE DUTY STOCK AUDITORS IN DUBAI

EXCISE DUTY STOCK AUDITORS IN DUBAI

EXCISE DUTY STOCK AUDITORS IN DUBAI : As per the Federal Decree Law No. (7) Of 2017, excise tax law will come into implementation from the 1st October, 2017. As we are stepping forward in the month of October, the authorities have confirmed that Excise Tax will be into full-fledged action from 1st October, 2017.

Due to the implementation of the Excise Tax in the nation, it would demand the businesses and corporate houses to be more responsible and take care of the stocks that they hold of the goods that are covered under the Excise tax law.

In order to keep a sound track of the movements of the Excise tax goods, the most convenient option for the businesses would be to hire a stock auditor that could manage and check the accuracy of the goods moved in and out during the transactions of the businesses. ARC Associates – auditors and consultants are one of the leading auditors in the Dubai and Abu Dhabi, who not only provide internal and statutory audit but also provide stock audit facilities to its clients.

Stock is one of the main assets that would lead a business to earn profit or suffer losses. Any carelessness or miscalculation in the transactions involving cash could become detrimental for the survival of the business in the industry. With the Excise Tax into the picture, it is necessary for the businesses dealing in Excise goods, to manage their accounts with much accuracy and keep them updated. Apart from this basic requirement, Article 24 of the Federal Decree Law No. (7) Require businesses to keep the records of all produced, imported, exported and stockpiled Excise goods and also the records of the stock levels along with the details of the damaged goods.

Stock audit involves the physical verification of the stock available with the business in their warehouses. Apart from this, stock audit covers the following actions under its scope to ensure:

  1. The stock value confirms with the value in the books of accounts.
  2. Proper storage of stocks
  3. Whether stock is owned by the borrower and finance is made available.
  4. Whether the stock is carefully and rightly classified under different categories.

With an expert team who are highly qualified professionals and auditors, ARC Associates – one of the best auditors will help you to check the accuracy of the stock records and the compliance with the requirements and regulations of the Authority to avoid the penalties. Apart from conducting the stock audit for your business, we – the team of ARC Associates will also provide you with the expert insight on the various issues and queries of the newly introduced tax in the UAE – the excise tax as well as the VAT.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                             

INVENTORY VALUATION IN THE UAE

INVENTORY VALUATION IN THE UAE

INVENTORY VALUATION IN THE UAEINVENTORY VALUATION IN THE UAE: The inventory held by a business enterprise is one of the most important assets that the business owns. Inventory or stock is anything that is held by the business for the purpose of sale or to generate revenues over a period of time.

As the inventory is responsible for the amount of profit earned by the business, inventory also demands careful attention in the recording and valuation. If there is misrepresentation in the valuation of the inventory held by the enterprise, it can lead to a lot of issues that will be responsible for the amount of losses borne by the business.

It is important that inventory is calculated and valued in the right manner so as to know the true and the fair financial position of the business. There are several methods that can be used to value the inventory and it is necessary to keep track of the movement of the inventory and the details regarding the damaged and wasted stock should also be managed for further planning and control of inventory.

Inventory Management is one of the fastest emerging concepts and theory and it is very important for every business to adopt this in order to ensure that the inventory is carefully managed and processed over time.

With the introduction of excise tax in the UAE, it becomes a necessity for the businesses dealing in the excise goods to be more careful about the inventory they own and track in and out of the inventory. Excise goods include the tobacco products, energy and carbonated drinks.

ARC Associates – auditors and consultants in the UAE provide the inventory valuation services to our clients and the dedicated team works to provide the best quality service to the clients. Inventory valuation in regard to the Excise Tax in the UAE, will be managed by the professionals at ARC Associates.

Along with the inventory valuation services, we at ARC Associates, will provide the best support and guidance on all topics and queries related to the Excise Tax and the Value Added Tax.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                           

VAT ENQUIRY AND HELP CENTER

VAT ENQUIRY AND HELP CENTER

VAT ENQUIRY AND HELP CENTERVAT Enquiry and help center:-  VAT in UAE is one of the most discussed and hot topic these days. As the days are passing by and the date of commencement of VAT in the UAE is approaching, there are a lot of VAT queries and questions that are revolving in the minds of not only the businesses but even the consumers.

The businesses are becoming informed and gaining knowledge about the VAT in UAE and different implications of Value Added Tax but it is always better to be informed and updated by the new provisions and legislations in the VAT as and when issued by the Federal Tax Authority.

ARC Associates – Auditors and Consultants in Dubai, have an expert team who will not only make you informed about VAT in Dubai, but will also guide you to take specific precautions and measures in order to save yourselves from the penalties due to non compliance. ARC Associates will provide step by step VAT guidance and act as a VAT help center to your business house.

Whether it be a VAT related issue or the simplest question or query on VAT, we at ARC Associates are always there to help and provide the clients with the best knowledge and guidance on VAT in Dubai.

It is said that it is better to be informed and take a decision, rather than taking a decision in haste and facing the adverse effects of a wrong decision. So, get informed on VAT in UAE and know about all the procedures and requirements for VAT registration, what to do and what not to do so that VAT in UAE turns out to be in your favor. For best assistance and help on VAT related services, please contact ARC Associates, one of the best consultants in the UAE.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                             

VAT ACCOUNTANTS IN DUBAI

VAT Accountants in Dubai

VAT Accountants in Dubai: Bookkeeping is one of the main essentials to have a perfect and well maintained book of accounts. It not only helps in determining the financial position of the business but also helps in identifying the transactions that are responsible for the financial position of the business.

So, it becomes really important that the books of accounts are prepared systematically and free of errors. We, at ARC Associates provide the best bookkeeping and accounting services in Dubai, Abu Dhabi, Sharjah and other emirates of the UAE.

With the implementation of VAT in UAE, proper books of accounts will be one of the major requirements for any business to survive this new legislation. Recording of all the invoices, expenditures etc will be imperative so that the Tax filings and returns can be made timely and without any errors. Moreover, the accounts records have to be kept for a period of 5 years and have to be presented for the tax audit as and when demanded by the Authority.

ARC Associates has a professional team of chartered accountants, bookkeepers who have expertise in many of the accounting software and can handle the VAT Accounting in a systematic and regular manner.

Outsourcing the VAT Accounting in the UAE to ARC Associates will help you to focus more on your business objectives without delay and errors in the accounts of your business, as we provide the best accounting services in the UAE.

 In order to follow all the rules and regulations laid by the Federal Tax Authority of the UAE, and timely filing of returns and well maintained books of accounts, approach ARC Associates for all VAT Services in UAE at one place.

VAT CONSULTANT IN DUBAI

VAT CONSULTANT IN DUBAI

VAT consultant in DubaiVAT Consultant in Dubai: ARC Associates – Auditors and Consultants in Dubai provide best consultancy services to the clients in Dubai. We at ARC Associates have a great team that caters to the clients as their consultants.

With the introduction of the taxation in the UAE, and the implementation of VAT in Dubai, we will guide your way and ease out your difficulties that might arise when VAT is implemented. Being a VAT Consultant in Dubai, we at ARC Associates would assist you in each and every step to be well versed with the regulations and procedures required to comply with all the VAT requirements.

VAT and taxation laws being new to the country of UAE requires all the business houses and firms to prepare themselves for VAT. ARC Associates will provide VAT Consultancy Services in Dubai and carry out all steps and procedures that will save your firm from facing losses as well as the penalties for non adherence and prepare your business to handle this new law with least amount of difficulty.

The introduction of VAT from 1st January, 2018, has popped several questions in the minds of the businesses, customers and all other residents in the UAE. For answer to every question of yours regarding the VAT, contact ARC Associates and get the perfect answer to your query, with the best VAT Consultant in Dubai.

We at ARC Associates not only provide assistance in complying with the rules and regulations, but our VAT Consultants also point out the financial challenges that your business could be exposed to with the implementation of VAT in UAE. Knowing about your financial challenges helps you prepare yourselves better and cut out the future losses and face those financial challenges with a proactive strategy.

For having a detailed knowledge about the VAT Legislation, the VAT procedures, the VAT registration, the returns and filings, please feel free to contact a VAT Consultant in Dubai at ARC Associates.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                             

VAT CONSULTANT IN ABU DHABI

VAT CONSULTANT IN ABU DHABI

VAT CONSULTANT IN ABU DHABIVAT Consultant in Abu Dhabi:ARC Associates – Auditors and Consultants in Dubai have opened up their branch in the city of Abu Dhabi and will provide the best consultancy services to the clients in Abu Dhabi.

With the introduction of the taxation in the UAE, and the implementation of VAT in the UAE, we will guide your way and ease out your difficulties that might arise when VAT is implemented. Being a VAT Consultant in Abu Dhabi, we at ARC Associates would assist you in each and every step to be well versed with the regulations and procedures required to comply with all the VAT requirements.

VAT and taxation laws being new to the country of UAE requires all the business houses and firms to prepare themselves for VAT. ARC Associates will provide VAT Consultancy Services in Abu Dhabi and carry out all steps and procedures that will save your firm from facing losses as well as the penalties for non adherence and prepare your business to handle this new law with least amount of difficulty.

The introduction of VAT from 1st January, 2018, has popped several questions in the minds of the businesses, customers and all other residents in the UAE. For answer to every question of yours regarding the VAT, contact ARC Associates in Abu Dhabi and get connected to the consultant for all the answers to your queries.

We at ARC Associates not only provide assistance in complying with the rules and regulations, but our VAT Consultants also point out the financial challenges that your business could be exposed to with the implementation of VAT in UAE. Knowing about your financial challenges helps you prepare yourselves better and cut out the future losses and face those financial challenges with a proactive strategy.

For having a detailed knowledge about the VAT Legislation, the VAT procedures, the VAT registration, the returns and filings, please feel free to contact a VAT Consultant at ARC Associates, Abu Dhabi.

 For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                       

VAT AGENT IN SHARJAH

VAT AGENT IN SHARJAH

1315dac0-3b70-4693-a37b-49e3b700a31dFor an individual to be a tax agent, he needs to fulfill the following conditions:

  1. Tax Agent should be of good conduct and behavior and not involved in any criminal cases.
  2. Tax Agent should hold accredited qualification from a recognized university.
  3. Tax Agent should be medically fit to carry out the duties of his profession.
  4. Tax Agent should hold professional indemnity insurance.

ARC Associates fulfills all the above mentioned conditions to be a Tax agent in Sharjah, UAE. All the documents and records of the taxable person will be kept with the tax agent and the agent will be acting on behalf of the taxable person and represent him in front of the tax authorities in the UAE.

The Federal Law No (7) of 2017 on Tax Procedure Law, in Chapter 1 defines Tax Agent. Tax Agent is a person who is registered with the Authority in the Register, who is appointed on behalf of another Person to represent him before the Authority and assist him in the fulfillment of his Tax obligations and the exercise of his associated tax rights.

It is very important that all the necessary documents, records are kept safe and properly maintained. We, at ARC Associates have a qualified team of chartered accountants, auditors and consultants who provide the best accounting and auditing services in the Dubai, Abu Dhabi and Sharjah in the UAE and cater to all the needs of the clients.

As a tax agent in Sharjah, ARC Associates will handle all the proceedings and procedures effectively on behalf of the taxable person and represent the taxable person in front of the Authorities.

For hassle free and assured services as a tax agent in Sharjah, please contact ARC Associates – Auditors and Consultants in UAE.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                          

VAT AGENT IN DUBAI

VAT AGENT IN DUBAI

VAT agent in DubaiVAT agent in Dubai: The Federal Law No (7) of 2017 on Tax Procedure Law, in Chapter 1 defines Tax Agent. So, Tax Agent is a person who is registered with the Authority in the Register, who is appointed on behalf of another Person to represent him before the Authority and assist him in the fulfillment of his Tax obligations and the exercise of his associated tax rights.

For an individual to be a tax agent, he needs to fulfill the following conditions:

  1. Tax Agent should be of good conduct and behavior and not involved in any criminal cases.
  2. Tax Agent should hold accredited qualification from a recognized university.
  3. Tax Agent should be medically fit to carry out the duties of his profession.
  4. Tax Agent should hold professional indemnity insurance.

ARC Associates fulfills all the above mentioned conditions to be a Tax agent in Dubai. A tax agent will be acting on the behalf of the taxable person and will keep all the necessary documents of the taxable person with himself so as to present to the authorities whenever required.

It is very important that all the necessary documents, records are kept safe and properly maintained. We, at ARC Associates have a qualified team of chartered accountants, auditors and consultants who provide the best accounting and auditing services in the Dubai, UAE and cater to all the needs of the clients.

As a tax agent in Dubai, ARC Associates will handle all the proceedings and procedures effectively on behalf of the taxable person and represent the taxable person in front of the Authorities.

For hassle free and assured services as a tax agent in Dubai, please contact ARC Associates Auditors and Consultants in UAE.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae                                                                                    

PART TIME ACCOUNTING AND BOOKKEEPING

Part Time Accounting And Bookkeeping

Part Time Accounting And BookkeepingPart time accounting and bookkeeping: Maintaining the accounts of your business is one of the most necessary parts of the business but it is often neglected and much importance is not given to the timely and accurate management of the books of accounts. This not only becomes a cumbersome task to know the movement of the funds at the end of the year but also becomes a problem to find out the errors as well the unrecorded transactions.

The objectives of the businesses are different and much important for the businesses, in order to focus more on the objectives and their achievements; it is preferable by the businesses to outsource their accounting work to the accountants rather than hiring a full time accountant.

ARC Associates is one of the best accounting service providers in the city of Dubai, Sharjah, and Abu Dhabi. The team of best and expert accountants handles the accounting of various clients of your firm. The accounting and bookkeeping services provided by ARC Associates are tailor made as per your requirement.

We provide part time accounting facilities to the businesses where the accountant from ARC Associates visits your office and completes the pending transactions on a weekly, fortnight or monthly basis. The option of choosing the weekly accounting or the monthly accounting entirely depends on you and ARC Associates will provide you with the best part time accounting and bookkeeping services in the UAE.

Outsourcing your accounting work to ARC Associates will be really beneficial to your businesses, as we have market experience in providing the part time accounting services, an expert team of professionals who will handle the accounting of your business, and assured high level of service with fulfillment of our commitment to keep your accounts complete and accurate.

For a no obligation initial consultation, please contact:
Mr. Reyees. K.P | Director
ARC Associates
Tel: +971 4 4431604
PO BOX 390831
Mob : 055 4874391
B2B Tower , Office 1213
Business Bay
Dubai, UAE
Email: info@arcauditing.ae