RETAINER SETVICES PLAN;

VAT & CORPORATE INCOME TAX( CIT)

One of the core objective of Corporate Income Tax by Business Entity is to confirm the adherence of CIT regulations and subsequent submission of returns on time with utmost accuracy- as any omission or errors will lead to imposition of penalty by the Tax Authority. How do you achieve it? This can only be achieved if we confirm during periodical ( Monthly or Quarterly) filing of VAT Return are in agreement with Monthly Profit & Loss Account generated by the Entity – unless we do it on a regular basis- no correction/rectification is possible at the time of Annual Submission of your CIT Return; VAT Return’s simple comparison with your P& L alone is not enough; it requires consideration of various factors and relevant professional knowledge is mandated in areas like; Qualifying income, Qualifying Free Zone, Qualifying Group, Taxable income, Exempt income, Accounting income, Taxation period, Exempt person/Exempt foreign permanent establishment, Foreign Tax Credit ( tax already paid outside UAE against UAE income but to be exempted) Treatment of Related Party transactions/income etc to name a few. AME with its vast knowledge of CIT provisions offer this exclusive service on a very competitive rates.

Frequency: Monthly or Quarterly- Depending upon transactions volume.