If your business doesn’t keep correct accounting records for VAT, the FTA will fine you AED 10,000 for a first offence. Repeated offences will lead to fines of AED 50,000 or more.
Also, if the FTA asks for your tax records in Arabic and you don’t have them, you have to pay a fine of AED 20,000. But FTA will charge you AED 5,000 if you don’t send a tax invoice for goods.
A qualified accounting service provider will help you make the right trial balances and balance sheets. Keeping track of accounts accurately is important…
SKM GLOBAL external auditing firm checks the accounting books independently every year. The value of a business depends on this external reporting process…
Having a business setup in the UAE mainland allows a company to trade within the local market as well as conduct international business. Companies can trade…
in the UAE, stringent Anti-Money Laundering (AML) regulations are essential for maintaining financial integrity and combating financial crime. we offer…
At SKM Accounting, we take pride in being a trusted provider of Accounting, Audit, and Business Consultancy services in the UAE. Our team of experienced professionals is committed to delivering accurate, compliant, and transparent financial solutions tailored to your business needs. We specialize in Accounting & Bookkeeping, Audit & Assurance, Company Formation, and AML Compliance, ensuring your business operates smoothly and meets all regulatory requirements.
Whether you’re a startup or an established enterprise, SKM Accounting is your reliable partner for financial success.
SKM Accounting is a trusted provider of Accounting, Audit, and Business Consultancy services in the UAE. Our experienced team delivers accurate, compliant, and transparent financial solutions tailored to your needs. We specialize in Accounting & Bookkeeping, Audit & Assurance, Company Formation, and AML Compliance, ensuring your business runs smoothly while meeting all regulations.
© 2025 SKM Accounting, Powered by Development Scope