AUDIT & ASSURANCE

ACCOUNTING & CFO SERVICES

VAT & EXCISE SERVICES

BUSINESS INCORPORATION

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HALLMARK INTERNATIONAL AUDITORS

We have a team of experienced consultants who can advice you on any financial matters

and being one of the best Auditing Services in Dubai with top auditors in UAE provide services like Internal Audit, External Audit, Accounting, VAT, Tax Agent, ESR, Internal Control Systems, Financial Restructuring, Feasibility Studies, Due Diligence, Business Plans Read_More

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AUDIT & ASSURANCE SERVICES

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EXTERNAL AUDIT

While the rules and regulations keep changing, the fundamentals don’t. Meeting the

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INTERNAL AUDIT

Internal Audit is an independent process, objective assurance and consulting activity.

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INVESTIGATIVE AUDIT

Investigative Audit also known as Forensic Audit is a dual disciplinary approach which

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BUSINESS PLAN & FEASIBILITY STUDIES

We are the part of your business even before you start the business.

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BUSINESS VALUATION

Business valuation is a complex task when it comes to ascertaining the value of a different entity.

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DUE DILIGENCE AUDIT

Due diligence audit is an audit that is done before making an investment or getting into contract.

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ACCOUNTING & CFO SERVICES

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ACCOUNTING & FINANCIAL REPORTING

ACCOUNTS OUTSOURCING SERVICE

BUSINESS PROCESS REDESIGN

CFO SERVICES

TAX SERVICES IN DUBAI

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OVERVIEW OF VAT IN UAE

VAT refers to Value Added Tax. 150 countries such as European Union (EU), UK, Canada, New Zealand, Australia, Singapore, Malaysia etc have implemented this form of tax.

In 2018, consumers in UAE are expected to pay a 5 per cent value-added tax when purchasing most goods and services. The six states in the Gulf Cooperation Council (GCC) region have agreed to implement VAT in order to reduce the burden on hydrocarbon products as a source of revenue.

COMPLIANCE REQUIREMENTS UNDER VAT

For startups, if the VAT attracted expenses are more than AED 187,500/, (USD 50K) such companies have to be registered under the UAE VAT law. The total value of supplies made by a taxable person for the month in which he is applying for VAT registration and the previous eleven months. The total value of supplies of the subsequent 30 days on which he is applying for VAT registration.

GENERAL IMPLICATIONS ON VAT

VAT refers to Value Added Tax. It is a general consumption tax which is applied on goods and services as the Value incrementally increases at various stages of production, sales and marketing.

In Dubai, couple of items is exempted whereas; government has tentatively fixed the VAT percentage as 5% w.e.f January 2018.

VAT SERVICES

We have training programs for general awareness of VAT and its services. We have special modules designed to suit the needs of various Business owners, Accountants, Auditors, and other Finance Professionals and Corporate.

FAQ'S

Value Added Tax (VAT) is an indirect tax. It is a type of general consumption tax that is collected incrementally, based on the value added, at each stage of production or distribution/sales. It is usually implemented as a destination-based tax. It is also known as goods and services tax (GST) in some countries.