Tax Planning and Accounting
Services for Business in the UAE

Minimize your direct and indirect tax concerns by taking advantage of SORP Group
experts’ experience and in-depth knowledge of local UAE tax law and transfer pricing
solutions through their professional tax planning, accounting and bookkeeping services.
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www.sorp.ae
While the UAE does not impose direct federal corporate or income tax, regulatory compliance is still vital and the state expects regular, accurate and professional financial reporting. SORP Group’s specialists will apply their in-depth local tax and accounting know-how to ensure regulations are correctly applied and fulfill timely preparation and filing of obligatory reports. They will assist in auditing and analyzing your settlement schemes and commercial operations to maximize deductions and ease the tax burden.

SORP’s specialists will help you to accomplish these vital tasks in a highly professional manner

Development of a
VAT accounting policy

SORP Group’s experts in the areas of accounting and tax planning will draft a detailed action plan based on your company’s activities, established business practices and UAE law.

Tax registration with
the UAE authorities

VAT registration with the FTA (Federal Tax Authority), obtaining a tax registration number (TRN) and setting up access to an online profile in the tax payer’s portal for filing returns.

Tax accounting and
bookkeeping

Accounting for your business and financial operations, tracking all changes in the UAE tax legislation, timely preparation and filing of tax returns with the competent fiscal authorities.

Creation of tax
consolidated groups

Evaluate the feasibility of creating or joining a UAE tax consolidated group so that you can perform tax-free payments and file regular consolidated tax returns for all affiliated companies.

Tax planning
advice

Assess possibilities for reducing the tax burden of your affiliated businesses abroad through mechanisms for accounting in the UAE of all costs and liabilities borne by the company.

Preparation
of audited statements

SORP’s professionals will help you draw up consolidated reporting for a group of companies in order to confirm receivables from the previous-year deliveries declared in your books.

Control over
financial operations

SORP’s financial specializations include providing your business with high-quality accounting services including the functions of control and risk evaluation in regard to financial transactions.

Safe keeping of
source documents

While delivering business control and review services, SORP Group will keep your company’s source documents safely for subsequent use by the beneficiaries for any required business purposes.

Confirmation of
economic substance

By showing that all your business operations are located where the company was incorporated, a management and control center is proven, meaning all income falls under UAE taxation.

Tax accounting in the UAE

UAE requirements concerning the timelines for tax registration, tax payment and filing tax returns are regulated at government level. However, a number of government agencies and international financial institutions demand that businesses obtain their TRN from the date of inception.
Voluntary
tax registration
With turnover equal to or exceeding

185 000dirham

Mandatory
tax registration
With turnover equal to or exceeding

375 000dirham

Reporting
obligations
  • Quarterly filing of tax return with FTA (Federal Tax Authority)
  • Monthly filing if bank account transaction levels are significant
Taxpayer’s
obligations
  • Filing tax returns and timely VAT payments
  • Issuing VAT invoices to clients for delivery of goods or services
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Bookkeeping in the UAE

Though the UAE has no mandatory requirement for companies to keep books, businesses are obliged to prepare financial statements and keep their source documents for 5 years. However, bookkeeping can greatly help your company to achieve a number of worthwhile results.
Obtaining trade
financing
Control over cash flows
and cost-cutting measures
Confirmation of business
transparency for tax authorities
Lower audited
statements cost
Easy preparation of
tax returns
Proof that the management and
control center is in the UAE

Basic requirements of UAE government bodies when licensing a company

Tax planning and
accounting services
Bundled solutions for
bookkeeping and tax
return filing
Экономия
20%
  • Confirmation that the company has a physical office, required when opening a bank account in the UAE, via renting fully equipped office space in SORP Group’s Business Center.
  • Drawing up contracts, auditor’s opinions to confirm a rationale for commercial operations, preparation of a consolidated auditor’s report.
  • High-quality analysis of all financial accounts and books, verification of tax accruals and collection of data to achieve cost-cutting measures for improved operational efficiency.
  • Prompt and high-quality bookkeeping for your company at any stage, assistance in maintaining improving margins and returns, especially should UAE tax laws change.
Choose this solution saving up to 20%
Comprehensive
business support
Solutions for opening and
doing business in the UAE
and abroad
Экономия
30%
  • Analysis of your business idea, development of your strategy and business plan, performance of due diligence procedures, evaluation of your business prospects.
  • Incorporation of all types of companies, business relocations, building business structures and holdings to run activities from the UAE, obtaining licenses and product certification.
  • Operations management at all levels, review of control and crisis management, confirmation of management & control center as well as economic substance in the UAE.
  • Confidential and robust legal solutions to minimize taxes, to conceal information about business owners, and to protect against international automatic data exchange under CRS.
Choose this solution saving up to 30%
By engaging SORP Group’s experts for tax consultancy and outsourcing your accounting services, you will get high-quality professional support for this vital activity and also significantly cut your costs of doing business. Importantly, your will also gain confirmation of economic substance in the UAE and be able to prove that all business operations are taxable in the country.

SORP Group is your reliable partner for doing business in the UAE

Comprehensive services

SORP offers comprehensive support for acquired companies and their shareholders: from licensing, maintaining Bank accounts to obtaining the status of a tax resident of the country

Individual approach

Your requirements are unique. That is why we treat every business individually to tailor the right services to achieve your priorities.

15 years of successful work

We have helped thousands of clients acquire, build and develop businesses in the UAE

Banking support

Assistance in choosing a bank that is suitable for your purposes, support with bank accounts opening and passing KYC procedures (know your customer).

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