The Client
An SME that had been filing their VAT returns through another service provider.
NEED EXPERT GUIDANCE WITH NAVIGATING THE UAE TAX ENVIRONMENT UAE?
Reliable Advice- Accurate & Timely Filings
- Avoid Penalties
- Tax Agency
Reliable AdviceAccurate & Timely FilingsAvoid PenaltiesTax Agency
While tax may be relatively new in the UAE, our expertise with regulations and government precedes the tax system itself.
The firm is registered with the Federal Tax Authority to practice as a tax agency in UAE.
Our expert team with empower you with strategies to optimize your tax liability, maximizing your financial gains.
We stay one step ahead, ensuring you remain fully compliant by swiftly adapting to changes in tax regulations.
Say goodbye to tax return worries! We handle VAT and Corporate Tax submissions promptly and accurately.
As proud members of MSI Global Alliance, we offer comprehensive international tax advisory for multinational corporations with complex tax impacts across multiple jurisdictions.
As a business in UAE, you have to comply with VAT and Corporate TAX regulations. Our tax professionals demystify the tax regulations. We first study your business model and its transactions. We then assist you to apply the tax strategies and the policies & procedures within the company to ensure full compliance.
We work with clients mostly on an annual retainer basis. This way you do not have to worry about filing the required details on time. We will come in, collect & verify the data, and file the necessary information with utmost accuracy.
Our capabilities extend across borders. As a member of the MSI Global Alliance, we work with independent accounting firms in more than 100 countries to provide the right solutions to matters of international tax law and governance.
Get in Touch
When moving to Dubai I contacted at least a dozen accountant firms, but Siddharth from MSI immediately stood out with his knowledge and service. I have been a client for over one year now and can 100% recommend MSI Alnoman & Ravi to everyone looking for a dedicated and knowledgeable team of accountants
Owner - AI Writer
An SME that had been filing their VAT returns through another service provider.
The SME faced severe penalties exceeding AED 100,000 due to errors in the tax filing process. Seeking solutions, they turned to us.
Through an in-depth review of their previous returns, we identified crucial errors in VAT calculations and unclaimed input VAT. Our expert assistance resulted in substantial cost savings. We assisted them in their communications with the FTA to reconsider the penalty, which was then reduced substantially. We also recommended implementing risk-minimizing policies and procedures, and trained their accounts team to file returns independently, with us as future reviewers.
Thanks to our streamlined process, the accounts team now saves valuable time while improving reporting accuracy. Quarterly VAT return calculations, which previously took over a week, now require just a few hours.
Any business with taxable supplies or imports exceeding AED 375,000 per year is required to register for VAT mandatorily. Businesses with taxable supplies exceeding AED 187,500 may register voluntarily. MSI Auditors is a registered Tax Agency with the Federal Tax Authority (FTA) and handles all aspects of VAT registration, filing, and compliance.
The UAE Corporate Tax rate is 9% on taxable income exceeding AED 375,000. Income up to AED 375,000 is taxed at 0%. Qualifying Free Zone businesses may be eligible for a 0% Corporate Tax rate on qualifying income, subject to meeting specific conditions set by the FTA.
Generally yes, however free zone companies can benefit from a 0% Corporate Tax rate on qualifying income if they meet the Qualifying Free Zone Person (QFZP) criteria. MSI Auditors can advise free zone businesses on structuring their operations to maintain qualifying status.
VAT returns in the UAE are filed either monthly or quarterly depending on your FTA-assigned tax period. The deadline is the 28th day of the month following the end of the tax period. Late filing attracts penalties starting from AED 1,000. MSI Auditors ensures all client filings are submitted accurately and on time.
Failure to file a Corporate Tax return on time results in penalties under Federal Decree-Law No. 47 of 2022. Penalties start at AED 500 per month for the first 12 months and increase to AED 1,000 per month thereafter. MSI Auditors manages Corporate Tax registration, preparation, and filing for businesses across the UAE.
We are an award-winning accounting & auditing firm in the UAE with over three decades of experience & expertise
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