In the UAE, taxes that companies must pay include value added tax (VAT) which is applied to goods and services at a rate of 5%, and corporate tax which is imposed on profits at a rate of up to 0% depending on classification and economic sector.

Tax procedures that companies must follow to comply with tax legislation include:

1. Register the company for value added tax (VAT) if it is eligible for registration.
2. Periodic reporting on operations covered by the tax.
3. Updating accounting and financial records accurately and regularly.
4. Maintain invoices and documents supporting tax transactions.
5. Pay the taxes due on the specified dates.
6. Cooperate with the tax authorities and provide the required information upon request.
7. Consult regularly with tax professionals to ensure full compliance and avoid tax risks.

– Assess current compliance and guide companies to improve it.
– Review accounting records to ensure compliance with tax legislation.
– Providing advice on effective and legal tax structures.
– Training employees on tax rules and tax procedures.

– Providing audit services to ensure the accuracy and reliability of financial reports.
– Analyze financial reports and provide advice on future improvements and enhancements.
– Providing tax consultations to achieve compliance with tax legislation and reduce tax risks.
– Develop and implement tax management strategies and provide guidance on tax compliance.