Averyx Group

Averyx Group is a auditing and tax consultancy firm, based in Dubai – United Arab Emirates with experienced professionals in the areas of accounting, taxation, finance, marketing, human resources and management consultancy. We provide an extensive range of services to enterprising businesses with a comprehensive industry-focused approach. Using cutting edge solutions and innovative processes, we deliver quality solutions that are result oriented and integrate seamlessly into our client’s objectives. We pride ourselves on thinking globally and acting locally.

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Weekly Tax Updates!

Impact of Corporate Tax on Tax Residents According to federal Decree-Law No. 47 on the Taxation of Corporations and Businesses, Tax Resident

𝐒𝐭𝐚𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐝 𝐀𝐛𝐨𝐮𝐭 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐓𝐚𝐱!

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Averyx Group of Tax Experts is here to clarify and guide you through Corporate Tax registration and implementation.

For more details contact us:

www.averyxgroup.com

[email protected]

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Your Tax Expert!

Unlock your financial potential with our tax expertise!

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Ready For Corporate Tax?

Your Corporate Registration and Implementation is now in safer hands. We are the first registered tax agent in UAE with worldwide experience in handling Corporate Tax as well as other taxation services.

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PROFIT MARGIN SCHEME

The profit margin scheme is a special VAT scheme that allows businesses to calculate VAT on their sales based on the profit margin rather th

What is Profit Margin Scheme on VAT and what are the conditions applied? Keep Reading to know more! Subscribe to Averyx Group Newsletter Stay Updated

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Your Corporate Registration and Implementation is in safer hands. We are the first registered tax agent in UAE with worldwide experience in handling Corporate Tax as well as other taxation services.

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Start A Business in UAE, Today!

No Gimmicks ! No Hidden Charges ! No False Promises !

Start Your Business Now Without Any Headache

Averyx Group Business Setup Consultancy

For more details contact us:

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Why Register Voluntarily for VAT?

Voluntary VAT registration is the process of a business choosing to register for Value Added Tax (VAT) even if its taxable turnover is below

Do you need to register for VAT voluntarily? And how is it beneficial? To know more keep reading our latest article.

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For more details contact us:

🌐 www.averyxgroup.com

📨 [email protected]

📱[phone]

📱[phone]

📌 Address: Office 406, Rania Business Center,  2nd St. Al Barsha 1, Dubai, U.A.E, P.O.Box.413167

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VAT Services in Dubai, UAE

We assure your VAT compliance. Get assistance from our FTA Certified VAT consultants!

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Averyx Group

Accounting | Taxation | Auditing

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VAT Treatment for Designated Zones In the U.A.E!

As per the Executive Regulations of FTA, certain Free Zones are listed by the Cabinet Decision which qualifies for special VAT treatment, th

Do you want to know more special VAT treatments for Designated Zones?

Keep reading our article and get subscribed to our newsletter!

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How Accounting Ensures Tax Compliance?

Understanding the tax framework of a country is essential for individuals and businesses alike. Taxes are a significant source of revenue for governments, and they are used to fund public services such as education, healthcare, and infrastructure. By understanding the tax framework, individuals and businesses can ensure they are paying their fair share and can take advantage of any deductions or credits that may be available to them.

For individuals, understanding the tax framework can help them to plan their finances and make the most of their income. For example, they can take advantage of deductions and credits for things like charitable donations, education expenses, and home ownership. This can help to reduce their overall tax burden and increase their disposable income.

For businesses, understanding the tax framework is crucial for tax compliance and profitability. Businesses must pay taxes on their profits, and they may also be subject to sales tax, payroll tax, and other taxes.

In addition to compliance and profitability, understanding the tax framework can also help businesses to forecast future opportunities and make strategic decisions. For example, businesses can use the tax framework to plan for expansion, to make acquisitions, or to invest in new technology.

Overall, understanding the tax framework is essential for individuals and businesses alike. It can help them to plan their finances, increase their income, and improve their bottom line. It can also help them to make strategic decisions and plan accordingly. Therefore, it is important to stay informed and educated about the tax laws and regulations in your country.

Link between Accounting and Taxation:

Accounting and tax are closely related fields that are essential for the proper functioning of any business or organization. Accounting is the process of recording, classifying, and summarizing financial transactions, while tax is the process of determining and paying taxes owed to the government.

Accounting is the foundation of tax preparation. In order to determine how much tax a business or organization owes; accurate and detailed financial records must be kept. This includes recording all income, expenses, and assets, as well as tracking any deductions or credits that may be available. Without accurate accounting and bookkeeping it would be impossible to accurately determine the amount of taxes owed.

Furthermore, accounting and tax go hand in hand when it comes to compliance. Tax laws and regulations are subjected to constant change, and it is the responsibility of businesses and organizations to stay informed and comply with these changes.

At Averyx Group we have FTA certified tax experts who can provide to specialized VAT services.We have a deep understanding of the tax code and can provide guidance on tax planning, compliance, and representation. Our services can be useful for individuals, businesses, and organizations of all sizes. Some of the services may offer include:

·        Tax planning: Helping clients minimize their tax liability through strategic planning and taking advantage of tax deductions and credits.

·        Compliance: Ensuring that clients are in compliance with all applicable tax laws and regulations.

·        Representation: Representing clients in front of tax authorities, such as the IRS or state tax agencies, in the event of an audit or dispute.

·        International tax advice: Advising clients on the tax implications of international transactions, including cross-border tax planning, compliance and reporting.

·        Business tax planning: Advising businesses on tax planning strategies, including structuring the business, tax-efficient compensation plans, and tax-advantaged investments

Additionally, accounting can also be used as a tool for planning and decision-making, along with taxation. By understanding the tax implications of different financial decisions, businesses and organizations can be informed about choices that will maximize their profits and minimize their tax liability. For example, a business may choose to purchase new equipment or expand into a new market based on the tax benefits that will be generated by those decisions.

In summary, accounting and tax are closely related fields that are essential for the proper functioning of any business or organization. Accounting provides the foundation for tax preparation, and both fields are required for compliance.

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Simplifying Taxes for A Complex World!

Averyx Group Accounting | Auditing | Taxation

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For more details contact us:

www.averyxgroup.com

[email protected]

[phone]

04 338 2988

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𝗛𝗮𝘃𝗶𝗻𝗴 𝗧𝗿𝗼𝘂𝗯𝗹𝗲 𝘄𝗶𝘁𝗵 𝗔𝗰𝗵𝗶𝗲𝘃𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗚𝗼𝗮𝗹𝘀?

We can help you to achieve Tax Planning and Financial Goals!

We are the expert TAX consultants in UAE!

- VAT Reconsideration

- Excise Tax

- VAT filing

- VAT Deregistration

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For more details contact us:

🌐 www.averyxgroup.com

📨 [email protected]

📱[phone]

📱[phone]

📌 Address: Office 406, Rania Business Center,

2nd St. Al Barsha 1, Dubai, U.A.E, P.O.Box.413167

#vatconsultancy #vatservices #dubaivat #taxagentsindubai #taxagents

#accountingservices #accountingtrends #bookkeeping #audit #dubaifreezone #businesssetupuae #businesssetupdubai #BusinessSetupInUAE #averyxgroup #taxplanning

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Averyx Group Provides extensive research and feasibility studies to ensure that you are making the right investment.

For more detail contact us:

🌐 www.averyxgroup.com

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📱[phone]

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Averyx Group on LinkedIn: Why Starting a Business in Dubai Free zones is Ideal?

Are You An Entrepreneur Looking For An Optimal Business Setup in Dubai? Well don't look further, here are the most beneficial locations

Are You An Entrepreneur Looking For An Optimal Business Setup in Dubai? Well don't look further, here are the most beneficial locations to startup! Dubai Free zones!!!

Subscribe to our newsletter 𝗔𝘃𝗲𝗿𝘆𝘅 𝗚𝗿𝗼𝘂𝗽

For more details contact us:

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How to Get a VAT Refund?

Here we would like to brief about the procedures for VAT Refund. There is an increasing need among our customers for the VAT Refund due to the current market situation. 

VAT Refund Application

VAT Refund Application must be filed diligently and assurance must be there that all the returns filed are accurate, true and fair as per the UAE VAT legislations and there is no requirement to file Voluntary Disclosures for rectification of the historical VAT Returns.

In order that the Federal Tax Authority shall elevate the level of service when reviewing the refund request, taxable person are advised to provide the following supporting documents when applying for a refund for each tax period for which the refund is being requested.

The supporting documents required to be submitted are mentioned below:

Summary of the VAT Output and VAT Input in a Refund Excel format.

Five of the highest value Tax Invoices/Invoices for each category in the VAT Return where applicable (Standard rated supplies, Zero rated supplies, Exempt supplies, Out of scope supplies and Expenses).

Official and Commercial evidence in cases where there are exports of goods: five highest-value related invoices accompanied by the relevant customs declarations and Bill of Lading.

International Bank Account Number (IBAN) validation.

A Bank Account validation letter / certificate must be provided to the FTA. This letter must be issued and stamped by bank and should include below details of the Tax Registrant:

Name (must be the same as the taxable person’s name as registered with the FTA)

Bank’s name

Bank’s Address, SWIFT/ BIC and the IBAN

Timeframe for Refund

FTA will review the application within 20 working days. If any further details are required, FTA will request for Resubmission by adding a comment as required. FTA will also notify its decision to accept or reject the refund claim. The FTA may also notify the applicant that it requires a longer period than (20) business days to consider the application where appropriate.

Upon approving the Refund Application, FTA will process the refund amount within 5 working days to the registrants Bank Account.

At Averyx Group we offer all sort of VAT services including VAT Registration, VAT deregistration, VAT returns filing and compliance, and VAT planning and advice. We can help businesses of all sizes navigate the complex VAT regulations in the country and ensure compliance with the law. Additionally, we can help you minimize you VAT liabilities through effective planning and strategy.

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THIS VIDEO IS ABOUT CORPORATE TAX IN UAE!

UAE officially issued a federal decree-law on corporate tax at a 9 percent rate for taxable business profits exceeding AED375,000. The new law was announced in December 2022 and is set to come into effect for financial years starting June 1, 2023.

FOR MORE INFORMATION REGARDING CORPORATE TAX

PLEASE CONTACT US: 🌐 www.averyxgroup.com

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