The UAE business landscape is witnessing major changes with the ushering of new and complex tax procedures, tax laws, and filing requirements. The introduction of VAT (Value Added Tax) in the UAE in 2018 has impacted several business scenarios. It has brought about changes in the supply-chain structure, the launching of new services, and the possibility of new business transactions. In addition, the UAE levies excise taxes on products deemed harmful to human health.
With our professional tax advisory team by your side, it is easier to deal with tax and related services, as we are one of the reliable Tax Advisory Firms in the UAE. Fortius provides complete tax-related support that is FTA-compliant. Our team provides relevant legal compliance advice based on an analysis of the current tax position of your business. Our tax experts bring added value to your business with our multi-pronged approach.
Our services include:
With Fortius, you get excellent excise tax advisory services and compliance assurance with the UAE's tax laws. We help you navigate the UAE's complex excise tax processes, such as:
UAE's corporate taxes need expert guidance because it requires the collaboration of your stakeholders and other business departments. A corporate tax (CT) is a direct tax imposed on corporations and other businesses on their net income or profits.
Fortius will support you with:
The UAE is the gateway for cross-border business transactions between the Asia Pacific and Europe. Fortius has a team of expert tax professionals and consultants with extensive experience in various tax regimes in the UAE and GCC.
Our international tax services include:
Indirect tax is levied upon goods and services before they reach the end users, who pay the tax when they purchase the same. OECD's recent study reveals that indirect taxes generate about 32% of the revenue from its member countries. All indirect taxes like VAT, GST, per unit, sales, and excise require extra care.
Fortius take care of your indirect taxation with these services:
Fortius serves as a guiding light for many clients in the UAE to ensure VAT compliance with the VAT laws and that their tax liabilities are correctly assessed and paid on time. We also render timely advice on transactions and help resolve tax issues with minimum hassles. Our team will also represent your business at the FTA.
Our VAT audit reviews help you:
The need for businesses to employ tax accountants has grown alongside the expansion of regulations mandating accurate bookkeeping. When the FTA conducts a tax audit, the tax planning services are there to help with the timely submission of VAT returns and to keep the books open and honest. Fortius tax planning and advisory services provide specialized services adapted to each company based on the nature of its operations. We also make sure that our clients' solutions and projects are delivered to them on time. Our global client base includes a wide variety of successful companies.
To guarantee accordance with local tax rules and regulations, firms should carefully evaluate an effective strategy for tax compliance and implement the appropriate accounting systems and procedures. Tax planning services have set up a digital compliance platform to facilitate and aid firms in their filing procedure.
The five fundamental steps of tax accounting with the help of tax planning services are:
• Gathering information on a company's suppliers and customers
• Assigning a tax code to each transaction
• Processing the purchase and sales accounting entries
• Keeping an eye on the general ledger
• Reporting tax information to upper management
Tax planning services will assist businesses in getting their excise tax number. Businesses that need an excise tax number are:
1. Importers of regulated items into the UAE
2. Manufacturers and distributers of excise items for use within the UAE
3. Those that need to store goods within the UAE on rare occasions
4. Those that employ a warehouse manager to oversee a specific warehouse or zone
A tax consultant from renowned tax planning services in UAE may aid your company in three ways:
1. Determining whether a transaction is taxable
2. Ensuring compliance with UAE VAT laws
3. Providing guidance and support for tax planning
The FTA will do a tax audit to check for compliance with UAE VAT regulations and laws and to ensure that all tax obligations are being met on schedule. During a tax audit in the United Arab Emirates, the relevant authorities collect
• Details about the company's operations
• Financial documents such as invoices and other receipts
Tax planning and advisory services can assist you in explaining the deals you made and speed up the audit process.