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Decent Accounting
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Who we are
About Our Company
We understand that businesses seek high-quality financial services without compromising on cost efficiency. That’s why we deliver professional Accounting, Bookkeeping, and Taxation services ensuring that your financial matters are handled by true specialists you can trust.
At Decent Accounting, our fast-growing team of qualified and certified professionals brings over 20 years of industry experience. We are committed to deliver innovative, practical solutions tailored to meet the demands of today’s highly competitive business environment.
Why Us
Focus On Your Core Business
Accounting by the Book. Performance You Can Trust.
Our Services
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Trusted Chartered Accountants with years of experience and industry accreditations
Our Process
Our team of experts knows the ins and outs of tax regulations. We’ll help you minimize tax liabilities legally, ensuring your business stays financially healthy.
We start with a thorough consultation to understand your business needs, goals, and current financial situation. This allows us to tailor our services to meet your specific requirements.
Based on the insights from our consultation, we develop a customized strategy that leverages our full range of accounting and financial advisory capabilities. This plan is designed to optimize your financial health.
We provide ongoing support, offering regular financial reports to keep you informed about your financial status. Our advisory services are always available to help you navigate any financial challenges.
Dubai’s Premier Accounting Firm - Optimize Your Business with Us
Why choose us
Customizing Solutions with Our Full Range of Expertise.
Offering smarter, more efficient solutions that turn financial insight into real-world results.
Thinking beyond short-term goals to shape sustainable, thriving businesses for the future.
We uncover hidden insights in complex financial systems, helping you gain advantage in a dynamic market.
We confront challenges with honesty, stay grounded in our values, and always communicate directly and transparently.
Most Popular Questions
Value-added tax (VAT) is currently charged at a rate of 5% in the United Arab Emirates (UAE) on most goods and services, including consultancy fees. However, certain goods and services, such as healthcare and education, are exempt from VAT. It’s best to check with the local authorities or consult with a tax professional to confirm if VAT is applicable on specific consultancy services in UAE.
A VAT consultant is a professional who specializes in helping businesses understand and comply with value-added tax (VAT) regulations. Some of the tasks that a VAT consultant may perform include:
- Advising businesses on how to register for VAT and maintain compliance with VAT regulations.
- Reviewing and analyzing invoices and financial records to ensure that VAT is being calculated and reported correctly.
- Helping businesses to claim back VAT on eligible expenses and input VAT
- Providing guidance on how to deal with cross-border transactions and VAT implications.
- Assisting businesses in preparing and submitting VAT returns.
- Representing businesses in front of tax authorities during VAT audits and investigations.
- Keeping businesses informed of any changes to VAT regulations and laws.
A VAT consultant can help businesses to minimize their VAT liability, avoid penalties and fines, and ensure compliance with VAT regulations.
The cost of registering for value-added tax (VAT) in Dubai, United Arab Emirates (UAE), can vary depending on the specific circumstances of the business. Generally, there is no fee to register for VAT in Dubai, but businesses may incur costs associated with the process of registration, such as the cost of obtaining any required licenses or permits.
However, it’s important to note that once a business is registered for VAT, they will be required to file VAT returns on a regular basis, and may be subject to fines or penalties if they fail to do so or if they do not comply with VAT regulations. These fines or penalties can be significant, so it’s important for businesses to ensure that they are fully compliant with VAT regulations.
It’s best to check with local authorities or consult with a VAT consultant to get a clear idea of the costs involved in VAT registration in Dubai.
If a business in the United Arab Emirates (UAE) does not register for value-added tax (VAT) when they are required to do so, they may be subject to penalties and fines.
Failing to register for VAT when required can result in fines and penalties, which can be substantial. The fine for not registering for VAT when required can be up to AED 20,000 and the penalty for non-compliance can be up to AED 50,000. Additionally, a business that fails to register for VAT when required may also face additional penalties, such as fines for failing to file VAT returns or penalties for incorrect VAT returns.
Also, if a business does not register for VAT, they will be unable to claim back VAT on eligible expenses, which can result in additional costs for the business.
It’s important for businesses to be aware of their VAT obligations and to register for VAT when required in order to avoid penalties and fines, and to ensure compliance with UAE VAT regulations.
Yes, it is possible for a business owner to register their business for value-added tax (VAT) on their own in the United Arab Emirates (UAE). The Federal Tax Authority (FTA) provides an online registration process that can be completed by the business owner, but it’s important to note that the process can be complex, and it’s best to be aware of the VAT regulations and compliance requirements prior to the registration process.
However, it’s worth considering hiring a VAT consultant or tax professional to assist with the registration process. They can help to ensure that the registration is completed correctly, that all necessary documentation is submitted, and that the business is fully compliant with VAT regulations.
It’s also important for the business owner to keep in mind that once the VAT registration is done, the business will be required to file VAT returns on a regular basis, and may be subject to fines or penalties if they fail to do so or if they do not comply with VAT regulations. Therefore, it is important to understand the ongoing compliance requirements and to have a plan to manage it.
The standard corporate tax rate is 9%. However, there are certain exemptions and reduced rates for specific businesses.
- Natural persons and juridical persons (0% for Taxable Income up to and including AED 375,000 & 9% for Taxable Income exceeding AED 375,000)
- Qualifying Free Zone Persons (0% on Qualifying Income & 9% on Taxable Income that is not Qualifying Income as specified in Cabinet Decision No. 55 of 2023.)
The corporate tax will become applicable from either 1 June 2023 or on 1 January 2024, depending on the financial year followed by the business.
UAE Corporate Tax will apply to all UAE Businesses and commercial activities alike, except for the extraction of natural resources which will remain subject to Emirate Level Corporate Taxation
The following Persons are automatically exempted from UAE Corporate Tax:
- The UAE Federal and Emirate Governments and their departments, authorities and other public institutions;
- Companies wholly owned and controlled by a Government Entity that carry out a Mandated Activity, and that are listed in a Cabinet Decision;
- Businesses engaged in the extraction of UAE Natural Resources or related non-extractive activities that are subject to Emirate-level taxation, subject to meeting certain conditions; and
- Qualifying Public Benefit Entities that are listed in Cabinet Decision No. 37 of 2023 or any subsequent relevant decisions
The following Persons are exempted from UAE Corporate Tax upon approval of an application submitted to the Federal Tax Authority:
- Qualifying Investment Funds that meet the prescribed conditions;
- Public or private pension or social security funds that meet the conditions specified in Ministerial Decision No. 115 of 2023; and
- UAE juridical persons that are wholly-owned and controlled by certain exempted entities and undertaking activities specified in paragraph (h) of Clause 1 of Article 4 of the Corporate Tax Law.
The Corporate Tax Return will be due within 9 months following the end of the Tax Period.