Taxation and Compliance
MBK Auditing – a well-known tax service provider in the United Arab Emirates, has a group of professionals who possess in-depth understanding of many facets of tax and compliance in the country. The UAE has changed its tax structure to make it more enticing to foreign investors and enterprises after realising the benefits of a single taxation system. In the United Arab Emirates, foreign banks and oil firms are liable to corporate taxes, while individuals are not subject to income tax.
MBK Auditing assists you with your tax compliance process by providing an effective means of managing your requirements for both direct and indirect tax compliance as well as meeting deadlines for compliance reporting in all of your operating locations.
We provide a full range of tax compliance services, including tax return preparation, filing, and follow-up with relevant tax authorities. We offer a customizable service suitable for all company sizes and industries, we combine a broad reach with in-depth knowledge and experience of the local industry.
Taxation and Compliance UAE
The UAE has made a crucial transition to a tax economy in line with its increasing competitiveness, as this promotes economic diversification and boosts transparency. A number of tax economy improvements have garnered attention in an effort to enhance worldwide tax compliance. It is now essential for businesses to abide by the laws and regulations set forth by authorities. To save trouble in the future, they should select a reliable provider of regulatory tax and compliance services.
VAT (Value Added Tax)
To sustain the provision of high-quality public services, the UAE implemented VAT on the majority of products and services, creating a new source of income. Additionally, it will support the government’s goal of reducing its reliance on oil and other hydrocarbons for income. VAT will undoubtedly impact your company – no matter where it works in the UAE. As a result, the functioning of enterprises now depends on VAT auditing and advisory services.
ESR (Economic Substance Regulations)
A tax agent is typically appointed to represent someone else before the Federal Tax Authority (FTA) on that person’s behalf. In addition to handling a client’s tax obligations, a tax agent performs other legal duties as mandated by law. In addition, tax agents act as a point of contact for taxable people and the Federal Tax Authority. In the UAE, HLB HAMT is a registered tax agent.
VAT (Value Added Tax)
To sustain the provision of high-quality public services, the UAE implemented VAT on the majority of products and services, creating a new source of income. Additionally, it will support the government’s goal of reducing its reliance on oil and other hydrocarbons for income. VAT will undoubtedly impact your company – no matter where it works in the UAE. As a result, the functioning of enterprises now depends on VAT auditing and advisory services.
ESR (Economic Substance Regulations)
A tax agent is typically appointed to represent someone else before the Federal Tax Authority (FTA) on that person’s behalf. In addition to handling a client’s tax obligations, a tax agent performs other legal duties as mandated by law. In addition, tax agents act as a point of contact for taxable people and the Federal Tax Authority. In the UAE, HLB HAMT is a registered tax agent.
Our Services
Corporate Tax Form
Contract Registration
Corporate Tax Return
Tax Residency Certificate
Transfer Pricing Local File
Corporate Tax Registration
Country to Country Reporting
Economic Substance Reporting
Transfer Pricing Form and Affidavit
Transfer Pricing Benchmarking Services
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