Marks & Works

  • Vat is an indirect tax charged on consumption of goods and services. Standard rate of VAT is at 5%. VAT is mandatory from 1st January 2018.
  • Vat will apply to most goods and services with some exceptions on basic food items, essential healthcare, education and sale or lease of residential property.
  • Business which have yearly revenues of AED 375,000/- or more will be required compulsorily to register for VAT
  • Businesses are expected to retain annual accounts and all related documentation for a period of 5 years.
  • Businesses should issue Tax Invoice when providing goods and services.
  • VAT returns must be filed with the Federal Tax Authority (FTA) on quarterly basis within 28 days from the end of tax period.
  • Late submission, incorrect returns filing and late payment will be subject to penalties.
  • Raids and Audits may be carried out at the business premises by the Tax Authority.

About us

We provide custom made innovative accounting and financial Services mainly to the SMALL AND MEDIUM ENTERPRISES.

  • VAT Services
  • E - Accountant
  • CFO Services

Our international network of resources offers exceptional value for money. Many of our team members are professionals who have worked at senior management level and have the expertise to help the businesses to foresee threats and capitalize on the opportunities. Our Team members have dealt with wide range of industries which enables the firm to provide an expert opinion by keeping in view unique industry challenges.

VAT Services
We support the following VAT services
  • VAT Registration
  • VAT Consultation and Planning
  • VAT Returns Filing
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E - Accountant
The accounting service designed for every type of business.

We provide client focused accountancy service for a low, affordable monthly fee.

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CFO Services
Make Better Business Decisions

Small and Medium sized companies that cannot and do not need full time CFO benefits from our CFO Services.

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