What is the process for the VAT return filing in Dubai, UAE?

Initially, we need to register with Federal Tax Authority and check FTA user credentials. We should keep the proper commercial records. Then VAT returns filing on or before the due date, and Payment of due tax on or before the due date.

What is the threshold limit for a company for VAT registration?

If the annual turnover of a company exceeds AED 375,000, it is mandatory to register under UAE law. It is not mandatory but optional for a company if the annual turnover is between AED 187,500 and AED 375,000.

For which businesses VAT is applicable?

VAT is applicable for the businesses, tax registered and managed on the UAE mainland and in the free zones. However, some free zones can be defined as designated zones by the UAE cabinet, the taxes are not applicable where the transfer of goods can be between the designated zones without taxes.

Is there a timeline for filing VAT returns?

Yes, the timeline for a company to file the VAT returns with Federal Tax Authority (FTA) on a regular basis is within 28 days at the end of the tax period. The standard tax period is defined as a quarterly period for the businesses where the turnover is below AED150 million and a monthly period for the businesses where the turnover is AED150 million and above.

Home > Due Diligence Audit

Due Diligence Audit

Name: Due Diligence Audit Services
Brand: SNR Associates

Our experts will minimize the risk to your organization

SNR Associates provide the Due Diligence Audit in Dubai, UAE to identify legal and financial risks associated with investing in a business. We help you to prepare a report on the legitimacy of your business and its assets. If something is incorrect during the operation, the SNR’s due diligence audit will likely bring everything back to bright. Our experts advise on minimizing investment risk. Our service works with three interconnected parts are financial, tax, legal.

We analyze the capitalization of the company. We will list the revenue, profit, and margin trends. This service involves competitors and industries to know how big the company is and how much it earns. SNR Associates’ auditors evaluate companies by valuation multiples and they know how to examine long and short-term risks of the company.

By Due Diligence Audit, you can enhance the quality of the business information and it will therefore allow you to make a good decision. Our due diligence audit service has a different importance level, based on the business perspective. We ensure that no hidden liabilities exist.

Frequently Asked Questions

How can I go about conducting due diligence audit?

Due diligence audit is a process that involves doing an investigation, audits, or reviews to verify facts or information about a subject. Due diligence in the finance sector entails a review of financial records before entering into a proposed deal with another party.

What does the due diligence procedure entail?

Due diligence is the process of thoroughly investigating a potential investment (such as a company) or product to ensure that all facts are correct. Examining all financial documents, prior company results, and so on are examples of these facts.

What are the benefits of performing due diligence checks?

The fundamental purpose of a due diligence checklist is to ensure that you don’t miss anything important when buying a firm. You can see what duties, liabilities, troublesome contracts, copyright difficulties, and litigation risks you’re taking on by using a due diligence checklist.

What is improved due diligence using EDD?

Improved Due Diligence (EDD) is a method that aids in the examination of hazards that are not detectable by the Customer Due Diligence (CDD) process. EDD is critical for clients who have been identified as a high hazard by the program.