Tax and Accounting

Many business owners face considerable challenges with regards to managing the accounting department to keep up with the rapid pace of expansion within their organization. Smart Zone Tax & Accounting offers tailored solutions for you. The expertise of our qualified accounting professionals ensure compliance with local regulations, presentation of financial statements in accordance with IFRS, VAT regulations and so on. In addition to providing accurate financial reports on the historic performance and position of the business, we can also assist in key decision making by performing a review of the books, providing forecasts and budgets for the business. 

Accounting & Book-keeping

With the new laws and regulations in the UAE, the role of accounting and book-keeping is becoming extremely crucial for successful businesses as every company in the UAE is required to maintain Commercial books. There are many benefits of having a sound accounting function such as better decision making, accurate budgeting and forecasting, cost optimization, accurate tax filing to avoid penalties by the Federal Tax Authority to name a few.

Choosing the right professional for the accounting department is vital. They not only provide accurate information through reports such as statement of financial position (balance sheet), statement of income and expenditure (profit & loss) and statement of cash flows, but also provide advice and guidance on the nature and impact of each line item shown in the financial statements.

The expertise of our qualified accounting professionals ensure compliance with local regulations, presentation of financial statements in accordance with IFRS, VAT regulations and so on. In addition to providing accurate financial reports on the historic performance and position of the business, we can also assist in key decision making by performing a review of the books, providing forecasts and budgets for the business.

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Accounting & Book-keeping

VAT Consultancy

VAT Consultancy

We provide Value Added Tax (VAT) services to help businesses and individuals comply with VAT regulations. VAT was introduced in the UAE on January 1, 2018, and it’s important for businesses and consumers to understand and fulfill their VAT obligations.

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Here are some of the key VAT Services in Dubai

VAT Registration

Businesses meeting the VAT registration threshold are required to register for VAT with the Federal Tax Authority (FTA). We assist with online registration services, and registration with the official FTA website.

VAT Return Filing

Registered businesses are required to file regular VAT returns with the FTA. This includes reporting VAT collected and paid. There are specific deadlines for VAT return submissions, and our team of experts ensure your filings are done on time.

VAT Consultation

We can assist businesses in understanding VAT regulations, preparing for VAT compliance, and handling complex VAT issues.

VAT Compliance Services

We help businesses ensure their transactions are VAT-compliant, maintain proper records, and navigate VAT audits.

VAT Auditing

The FTA conducts VAT audits to ensure compliance. Businesses might require VAT auditing services to help them prepare for or manage these audits.

It’s important to note that VAT regulations can change, and it’s essential for businesses to stay up-to-date with the latest developments and compliance requirements. Our qualified professionals can help you navigate the complexities of VAT compliance.

Corporate Tax

Corporate tax in the UAE is 9% of the net profit shown on your company’s financial statements.

All corporate entities in Dubai need to follow the tax regulations set by the Ministry of Finance and the Federal Tax Authority.

With more than 13 years of expertise advising on different financial services aspects and implementing cutting-edge technology, we help to reduce tax burden, ensure compliance with new legislation, and ensure smooth corporate operations.

We also assist you with the emerging market demands for financial services in UAE and manage multi-jurisdictional tax operations.

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Corporate Tax

Talk to our Experts

Kartik Sangar

Group CFO

Ajay Kambar

Finance Manager

Prajitha Prasad

Senior Tax Advisor

Bhagyasree Thilakan

Accountant

Prasanth Narayanan

Accountant

Mahek Baray

Junior Accountant

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