The UAE has seen significant changes since the Value Added Tax (VAT) was implemented on January 1st, 2018. A consumption tax known as VAT is levied on goods and services at any point during production where value is added. You must register your business under the VAT law if you are a business owner or wish to start a small, medium, or large-scale firm. The amount of revenue a business generates determines whether it should register for VAT. Our qualified tax advisors, tax accountants, and finance experts work on VAT advisory, implementation, tax optimization, and related training services.
Gulf Zone team of professionals assists you thoroughly in monitoring and managing all your financial information. Our well-known accountants and bookkeepers guide every client with complete expertise. We provide bookkeeping services like creating charts of accounts as per company structure & management requirements, bookkeeping of the financial transactions as per IFRS, maintaining day-to-day accounting transactions of payments, receipts, sales and purchases, and inventory accounting on daily basis, Preparation, maintaining and updating of Fixed Assets Register.
Analysis of bank, supplier & customer accounts and reconciliation on monthly basis, Managing monthly payroll & recording of payroll information as needed, scrutinizing all ledger accounts at regular intervals, posting regular journal entries, creating month-end provisions, and month-end closings are also done by Gulf Zone with utmost reliability and absolute responsibility. Proper accounting and financial statements ensure the business keeps all the data related to all the transactions. It helps the company from future tax audits or inspections from the authorities.
Gulf Zone has forged a robust liaison with prominent organizations throughout the
UAE to provide brisk and prompt services.
