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Accounting in the UAE: Rules and the Importance of Chartered Accountants

In the UAE, businesses are required to follow clear accounting and taxation guidelines, especially with the introduction of corporate tax and VAT. Companies must maintain accurate financial records in compliance with local standards and submit regular tax filings. Annual profits below AED 375,000 are tax-exempt, while those exceeding this threshold are subject to a 9% tax rate.

With the constant evolution of tax and accounting regulations in the UAE, it is essential for businesses, whether large or small, to rely on expert accountants. These professionals ensure not only compliance with local regulations but also help optimize the company's financial and tax management. Their expertise minimizes the risk of non-compliance and penalties while ensuring efficient financial management to support business growth.

Our Services

Weco Consultants offers a wide range of accountancy services designed to meet the unique needs of each client:

• Bookkeeping

  • We ensure accurate and up-to-date recording of all your financial transactions, in line with UAE accounting standards. This includes managing ledgers, journals, and maintaining organized records for compliance.

• Monthly Accounting

  • We handle your monthly accounting tasks, ensuring all financial data is correctly recorded and processed. This includes reconciling bank statements, monitoring cash flow, and ensuring all transactions are in compliance with UAE financial regulations.

• Financial Reports

  • We prepare clear and comprehensive financial reports, including balance sheets and income statements. These reports help you make informed decisions while ensuring full compliance with UAE accounting norms and provide insights into your business’s financial health.

• Corporation Tax

  • We assist with your corporate tax filings in line with the UAE’s 9% tax rate for profits exceeding AED 375,000. Our services ensure compliance with the new tax regulations, helping to minimize liabilities and avoid penalties.

• VAT Returns

  • We ensure your business complies with the UAE VAT law by handling VAT registration, calculating VAT liabilities, and filing VAT returns accurately and on time. This helps avoid any penalties related to non-compliance.

Explore our packages

Basic Package

• Preparation of financial statement in local standards

• Tax Management VAT & Corporate Tax

• Vat Return Quarterly

• Phone Support

• Preparation of financial statement in local standards

• Tax Management VAT & Corporate Tax

• Vat Return Quarterly

• Phone Support

• Management multi currency Tool Provided

• Dedicated customer success

• Preparation of financial statement in local standards

• Tax Management VAT & Corporate Tax

• Vat Return Quarterly

• Phone Support

• Management multi currency Tool Provided

• Dedicated customer success

• Regular Meetings

• Preparation of financial statement in local standards

• Tax Management VAT & Corporate Tax

• Vat Return Quarterly

• Phone Support

• Management multi currency Tool Provided

• Dedicated customer success

• Regular Meetings

7,590 AED

Until 20 transactions per month.

11,790 AED

Until 50 transactions per month.

Recommanded Package

18,900 AED

Until 150 transactions per month.

Deluxe Package

Premium Package

Until 80 transactions per month.

14,790 AED

E-Commerce Package

• Preparation of financial statement in local standards

• Tax Management VAT & Corporate Tax

• Phone Support

Get your best price with us

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