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By unlocking the potential and creating opportunities for growth for our clients,
we contribute to the economy of UAE.

 

ADVISORY

Providing excellent services to entire region

Risk Advisory, Financial Advisory,
Business Feasibility Study, Valuations;
Corporate Reorganization.

TAX. VAT

Any time you need us

Corporate Tax Advisory, Value
Added Tax (VAT) Review and Filing
Services, VAT Consultancy and Advisory,
Tax Agency/FTA Representation.

Read more at our dedicated VAT section

BUSINESS OUTSOURCING

We cater more than 1,000 clients in UAE

Outsourcing Accounting,
Forensic and Fraud Examinations.

Local presence

Providing excellent services to entire region

We provide the most excellent and reliable Auditing, Accounting, Tax Agency, Financial Consulting and Business Advisory Services for more than 20 years.

24/7 availability

Any time you need us

Available day and night, just a phone call away and with amazing response and delivery time you just cannot go wrong with our services.

Asad Abbas & Co. (Chartered Accountants)

  • We are an audit, accounting, and consultancy firm in the United Arab Emirates and an independent member of PrimeGlobal International.

  • We build integrity and create long-term relationships with clients. It is our goal to have a long-term relationship with our customers and achieve spectrum of creativity, innovation, prudence, integrity and care.

  • Dedicated team. We provide a dedicated team experts who carefully investigate client needs, understand key industries and businesses, take action and be there along the way.

  • Diversity. Collectively, we speak 4 languages and have worked with multiple industries.

  • Licensed CPA Firm. We are regulated by several governing bodies, making us accountable for all our works. Our aim is to deliver the highest quality certified public accounting services and business solutions that directly contribute to the success of our clients.

  • We provide a variety of professional services including statutory, external and internal audit, accounting/bookkeeping with outsourcing, financial management consultancy, project valuation, feasibility studies, VAT services, company formations (offshore and onshore), financial experts in UAE courts liquidation, and any other allied services.

 

Strong Industry Sector Expertise

Our industry professionals cover most of UAE key sectors and have a strong focus on Government and Public Sector, Retail, Real Estate, Manufacturing, Healthcare and Hospitality, Trading, Holdings and Investments.

We have been working in professional services for more than 25 years. During such an extensive amount of time, we have cumulated the practical experience in major industry sectors in the UAE. We have an impressive number of clients in every industry and most of them – are true leaders in their respective sector. We work alongside our clients together as the team, bringing forth solutions based on our profound practical experience.

VAT Registration in UAE

Value Added Tax is imposed on most supplies of goods and services and it is the responsibility of the persons who are supplying these goods and services to register in VAT.  These persons are known as “Taxable Persons”. A Taxable Person who is registered in VAT will have a Tax Registration Number (TRN) and is considered “Registrant”. A Taxable Person means any legal or those companies, partnerships, clubs, associations, and so forth or can be natural persons who are the individuals.

A Taxable Person may either be required to register mandatorily or voluntarily. Mandatory registration is applicable for those resident in the UAE having total value of taxable supplies and imports made within the UAE amounting to AED 375,000 or USD 100,000 or more generated for the last 12-months or if the Taxable Person anticipates that the total value of their taxable supplies or imports will exceed AED 375,000 or USD 100,000 in the next 30 days.

Read more on how to accomplish the VAT registration properly, please visit www.abbasaccounting.ae or contact Augusto Dela Cruz (augusto.cruz@abbasaccounting.ae) +971-553891625 so we can support and assist you.

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Important aspects of VAT compliance 

With constant changes in all business activities and update on legal information, complying with the UAE VAT laws and regulations is a challenge. Accurate information reporting and transparency while staying current on VAT compliance should be met under a time constraint.

A registered taxpayer is responsible to update or amend the Federal Tax Authority (FTA) on any circumstance that has an impact on records kept by the FTA, as provided during the time of initial registration, within the timeframe set by the FTA.

Our team of VAT Compliance professionals can help you prepare, implement and manage your VAT registration amendment. Get in touch and learn more by visiting our website www.abbasaccounting.com or contact Augusto Dela Cruz (augusto.cruz@abbasaccounting.ae) at +971 55 389 1625 or Patrick Pacatang (patrick.pacatang@abbasaccounting.ae) at +971 52 264 5201.

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a call back

For a live discusion or consulting request a phone call back. Submit your contact information via the form and one of our expert advisors will get in touch within 24 hours. You may as well contact us via email.

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