Chronicles Accounting

Certified Accountants

VAT Accounting & Book Keeping
Starting Price AED 1000 /-
(Services Charges are negotiable basis on monthly transactions)
Scope of Services
ACCOUNTING & BOOK KEEPING
 REVIEW OF TRANSACTION
 DATA ENTRY
 BANK & CASH RECONCILIATION
 PREPRATION OF FINANCIAL STATEMENTS
PREPRATION OF COMMERCIAL BOOKS
 CALCULATION OF INPUT & OUT PUT TAX
 PREPRATION OF SALES & PURCHASE BOOKS
 CLAIM FOR TAX REFUND
TAX CONSULTANCY & VAT RETURN FILLINGS AED
 CALCULATION OF TAX
 INTEGRATION OF VAT RETURNS WITH FTA PORTAL
Records must be kept for 5 years and available for audit by the FTA.
Submission of Accurate Returns

To assure compliance to FTA requirements, VAT registered businesses

 Must charge the accurate VAT on taxable goods or services they supply
 May reclaim any allowable VAT they’ve paid on business related goods or services supported
by a compliant invoice and documentation
 Account for Reverse Charge VAT on cross border purchases of goods and services
 Comply reporting requirement to calculate and submit VAT returns on Emirate level basis

The UAE Council of Ministers announced that failure to keep required records and other
Information specified in the tax laws, business will be fined AED 10,000 the first time and AED 50,000 for a repeat offence.

REGARDS,
ADNAN AHMED ZAKI
+971 54 444 7254
[email protected]