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VAT Services Dubai

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Tax Services Dubai Value Added Tax (VAT )  is a tax on utilization and it applies to almost all goods and services. As most of the management of the companies might be aware of the fact that as part of diversifying the economy and revenue generation, the GCC governments have decided to adopt  Value Added Tax (VAT) . UAE is going to maintain  VAT  which applies to almost all goods and services except basic food items, healthcare, and education. Though the burden normally lies on the ultimate consumer the business entities need to change the systems, processes, and procedures to comply the new legal requirement which is expected to be implemented by the government effective from 1st Jan 2018. The Federal Tax Authority (FTA) has announced the supplies that will be subject to Value Added Tax (VAT) as of January 1, 2018, revealing selected sectors that will be assigned zero-rated tax, such as healthcare education, oil and gas, transportation and real estate.  As part of the s

TAX SERVICES UAE

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Tax is a important and central segment to the generation system of the UAE government. With the ease of doing business in Dubai, investors are highly optimistic about making investments in the country. Orient audit provide Tax services UAE with  knowledge of tax  as well as of experience applying them in practice worldwide. Practical tax advice combined with our consistent tax is followed across jurisdictions. We help simplify tax management and oversight while providing global visibility for making informed strategic decisions all with the ease of working with a global provider. We are a team of tax consultants, advocates, and financial advisers offering Business Taxation Services to the manufacturers, Traders, Dealers and service providers of the industry. Our services are sought for various commercial, legal and taxation complications. Among the assembly of taxes present in the system, income tax is the one that deals with the taxation of the earning of every distinct, fi

Importance of Auditing

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A financial auditing is a process of examining an organization’s financial records to determine if they are accurate and in accordance with any applicable rules, regulation, and laws.  There two types of audits: External and internal audits. External auditors come in from outside the organization to examine the accounting and financial records and provide an independent opinion on these records. There is a law requires that all public companies have their financial statements externally audited. Internal auditors work for the organization as internal employees to examine records and help to improve the internal processes such as operations, internal controls, risk management and governance. Importance of an Audit Systems to companies Auditing means evaluating the effectiveness of a company’s business objectives, obtaining reliable financial reporting on its operations, minimizing its cost of capital. An effective audit system is important for every compa