Coverage spans registration under the mandatory or voluntary threshold, monthly or quarterly return submission, input and output tax reconciliation, tax invoice format compliance, record retention for the statutory five year period, and voluntary disclosures where errors are identified. Asad Abbas & Co. applies Federal Decree-Law No. 8 of 2017 and Cabinet Decision No. 52 of 2017 to every engagement, aligning positions with current EmaraTax portal procedure for Sharjah entities.

The Federal Tax Authority assigns each taxable person a tax period at registration. Businesses above the higher turnover band typically file monthly, while others file quarterly. Returns and any tax payable are due within twenty eight days of the tax period end, submitted through the EmaraTax portal. Late filing and late payment attract fixed administrative penalties, with additional daily penalties accruing until settlement.

Yes. Our ongoing service for small and medium enterprises covers monthly bookkeeping review, tax period return preparation, EmaraTax submission, and quarterly reconciliation for entities across Sharjah mainland and free zones. Asad Abbas & Co. assigns a partner reviewer to every return, retains supporting documentation, and follows a voluntary disclosure protocol where errors are identified. Fees are scoped to filing frequency and transaction volume.

Yes. Our team supports designated zone and non designated zone entities across Hamriyah Free Zone, Sharjah Airport International Free Zone, Sharjah Publishing City, and Sharjah Media City. Designated zone treatment affects place of supply, movement of goods, and input tax recovery, and each position requires documentary support. Contracts, movement records, and customs entries are reviewed before advising on output tax and reverse charge positions.

Qualified professionals are those listed on the Federal Tax Authority tax agent register and supported by CPAs, CGMAs, and CMAs. Registration status can be verified through the Federal Tax Authority website. Asad Abbas & Co. operates a dedicated tax practice out of our Hamriyah Free Zone office, covering registration, return filing, voluntary disclosures, and pre inspection reviews for businesses operating across Sharjah mainland and free zones.

For a Sharjah manufacturer, our practice runs transaction cycle reviews covering input tax on plant, machinery, and imported raw materials, output tax on domestic and export sales, and reverse charge on imported services. Federal Decree-Law No. 8 of 2017 positions are tested against source tax invoices, customs entries, and contractual terms before any return is filed through the EmaraTax portal on behalf of the entity.

A pre inspection audit is a structured review of tax positions, documentation, contracts, and system controls conducted ahead of a Federal Tax Authority audit visit or a planned voluntary disclosure. It is advisable following system migration, entry into new supply arrangements, expansion into designated zones, or receipt of a Federal Tax Authority notification. The output is a remediation plan with quantified exposure and prioritised corrective actions.

Monthly reconciliation aligns general ledger tax accounts against filed returns, input tax against supplier tax invoices, and output tax against issued tax invoices. Discrepancies are investigated, corrections are documented, and any exposure is quantified for voluntary disclosure consideration. For a trading firm the review extends to import VAT statements from the Federal Tax Authority portal and customs declarations tied to specific consignments moving through Sharjah ports.

Yes. Risk assessment for retail and e commerce covers point of sale tax invoice compliance, marketplace and platform transaction treatment, cross border supply positions, promotional discount treatment, and return and refund handling. Our team applies Federal Tax Authority guidance on electronic commerce and issues a written risk register with prioritised remediation. The engagement can be scoped as a one time review or a recurring quarterly service.