First of all, the initial impact of VAT will be on businesses because it is the businesses that are taxed first.
So, we offer our best customized on and off-site services to small and medium business depending on what our clients need as per their business structure & requirements. Larger companies with considerable level of capital and revenue, this may have a negligible impact; however, for smaller firms, this will be higher expenses and may impact their bottom-line
Criteria for registering for VAT
A business must register for VAT if its taxable supplies and imports exceeds AED 375,000 per annum.
It is optional for businesses whose supplies and imports exceed AED 187,500 per annum.
A business house pays the government the tax that it collects from the customers, but at the same time it receives a refund from the government on tax that it has paid to its suppliers.
Foreign businesses may also recover the VAT they incur when visiting the UAE.
VAT Refunds claims
Filing periodic returns
Manage inspection and enquiries claims
VAT Registration for International Companies
Audit & Assurance
360 ABC as an Audit, accounting and business consultancy company provides a wide range of assurance services, with the primary focus on the objective of assurance on the reliability and relevance of financial information and a host of non-financial aspects, data, processes, operations and procedures and on the effectiveness and efficiency of controls.
360 ABC commit to deliver quality assurance is designed not only to ensure compliance of all rules of local law and also international standards. We also ensure the delivery in time under the supervision of experience and industry specific experienced personnel.
We provide a wide range of audit and assurance services to UAE market
Financial audits of both domestic and foreign companies, branches of foreign entities.
To ensure the truth and fairness of financial statements to be prepared and presented in accordance with identified financial reporting framework e.g. in UAE these are International Financial Reporting Standards (IFRS/IAS) issued by IASB and adopted by UAE Commercial Law 2015 Companies and other circulars and directives issued by regulatory authorities.
To be conducted in accordance with International Standards on Auditing IASA’s issued by International Federation of Accountants (IFAC) as applicable in UAE.
Internal Audit and System Control Review (SCR)
Information System Audit
Cost Audits & Cost Allocation Studies
Review and Complication Assignment