Contact us at the AMCA office nearest to you or submit a business inquiry online.
I would like to take this opportunity to thank Mr. Nadeem & AMCA for their diligence, hard work & professional expertise.
I am extremely pleased working with them and would happily recommend their services to any business owner.
Mr. Dong Xin, the Vice-president of the Overseas Dept.
Our company has been working with AMCA for 2 years. We are extremely satisfied with the quality of their service & prompt response to all our queries.
We highly recommend AMCA to other companies who need Audit & Accounting services in UAE.
Ms. Emanuela Mihaela, Founder
AMCA has a great team of professionals who say what they mean & do what they say. All my VAT related affairs are handled by them.
This is one of the few companies who met their commitment & did everything with perfection.
Mr. Yousef Ahmad, Managing Director
AMCA services have been outstanding so far. We are very pleased with the professionalism of the whole team. Definitely would recommend it to anyone we know.
Ms. Natalie Meze, Manager
I am working with AMCA since long and I remain completely free of tension as AMCA is handling the work very well and in timely manner.
I love the staff and I feel them like a family working together.
Mr. Vinko Cijic, CEO
The VAT in the UAE was implemented on 01 January 2018 which made its mandatory for every taxable person to have and to maintain their books of accounts under the VAT Law for at least five years. It orders the individuals to have their groundwork for the VAT Registration and Accounting.
The preparation for the VAT Registration and Accounting needs time since it requires tons of documents to be sent. Part of this, all the records ought to be appropriately kept and documented by the organization for the investigation and checking done by the administration. To ensure the accuracy of the VAT Accounting, the organization must complete, sort out, and apply all the procedure and controls before the VAT regime.
The Federal Tax Authority can actually ask for additional documents such as, annual accounts details, general ledgers, purchase day books, invoices issued, invoices received, credit notes, debit notes, VAT ledgers, records of all supplies and imports, etc.
All the taxable businesses must apply for the TAX accounting and must not neglect completing all the necessary documents since there is a VAT penalty and fines for those who will not comply with this law. You would not be glad and happy to know how much it will cost in the event that you decline in complying to this law. A penalty of 10,000 will be imposed to an individual who will fail to keep required records, books, and documents. Another 50.000 will be taken away from your pocket if you do the same negligence in the second time around.
List of record to maintain for VAT Accounting
The following records ought to be appropriately kept by the taxable person, as per the VAT Decree Law:
Supplies and Imports of Goods and Services
Tax Invoices and alternative documents correlated to receiving goods or services
Tax Credit Notes and alternative documents received
Tax Invoices and alternative documents issued
ax Credit Notes and alternative documents issued
Record of goods and services that have been disposed of or used for matters not related to business, showing taxes paid for the same
Record of goods and services purchased and for which the input tax was not deducted
Record of exported goods and services
Record of adjustments or corrections made to accounts or Tax Invoices
Record of any Taxable Supplies made or received
A Tax Record that incorporates the accompanying information:
Tax due on Taxable Supplies
Tax due after the error correction or adjustment
Input tax recoverable on inward supplies or imports
Input tax recoverable after a correction of errors or adjustments
AMCA: We are here to serve you!
We are very glad to inform you that we offer a variety of VAT Accounting and Bookkeeping services such as Accounting, Bookkeeping, Accounting Review, Backlog Accounting and Accounting Supervision.
It is the way toward recording the financial transactions in a business. Part of the process are summing up, breaking down, and detailing the transactions to check agencies, regulator, and tax collection entities.
It is a build-up of work that needs to be completed. It might, for instance, alludes to an organization's business request holding on to be filled or a pile of budgetary desk work, such as loan applications, that needs to be processed.
It gives protection against the negative results of book's inability to consent to the coupling guidelines. It incorporates the turn of events, adjustments, and executions of an organization's graph of records, improvement of an organization's bookkeeping strategy, check of bookkeeping books, assistance in preparation or preparation of reporting documents.