Frequently asked questions

An audit examines financial statements and the records that support them, within a scope agreed at the start. The procedures depend on the purpose of the engagement. Not every UAE company is required to have an audit. The obligation depends on legal form, licensing authority, free zone rules and any contractual requirement.

If the business invoices customers, pays suppliers or is registered for VAT or Corporate Tax, it needs records that explain those transactions. Monthly bookkeeping is the practical way to keep the bank, the sales and the tax returns aligned.

Corporate Tax is a federal tax on taxable income under Federal Decree-Law No. 47 of 2022, administered by the Federal Tax Authority. For a standard taxable person the rate is 0% on taxable income up to AED 375,000 and 9% above that. It is not a tax on revenue. Other treatments can apply, including for qualifying free zone income where the conditions are met.

A UAE-resident business must register if taxable supplies and imports exceed AED 375,000 over the previous 12 months, or are expected to exceed that amount in the next 30 days. Voluntary registration can be available above AED 187,500. Non-resident businesses follow different rules. The Federal Tax Authority’s registration page is the reference, and the result depends on the supplies you make.

A tax consultant identifies which obligations apply, what the filing needs from the accounts, and where the records are not yet good enough. Score Plus Auditing L.L.C covers Corporate Tax and VAT consultancy for UAE SMEs. A first conversation does not produce a tax figure before the facts are reviewed.

Sales and purchase invoices, bank statements, payment support and ledgers that tie them together. VAT-registered businesses also need the tax invoices behind each return. Corporate Tax needs accounts that can be adjusted to taxable income. Keep records for the period required by applicable UAE law and the Federal Tax Authority.

The office is Office 620, Business Village Building, Clock Tower Roundabout, Deira, Dubai, United Arab Emirates, P.O. Box 64021. The firm supports businesses across the UAE from this office. It does not claim branches in other emirates.

Use the consultation form, call +971 58 839 0616, or send a WhatsApp message to the same number. Tell us the company name, the service you need and a short description of the question. We respond using the contact details you provide.