MASAR Services
It is our pleasure to work with a team of experienced, multi-disciplinary, qualified, and skilled accountants to provide auditing, tax, and consulting services.
We offer international expertise with a local touch, exceeding our clients’ expectations, while staying committed to our core values to become a trustworthy partner for our clients.”
DIRECT TAXATION SERVICES
INDIRECT TAXATION SERVICES
AUDIT & ASSURANCE SERVICES
BUSINESS ADVISORY SERVICES
ACCOUNTING & BOOKKEEPING
MANAGEMENT CONSULTANCY
DIGITAL TRANSFORMATION SYSTEM
COURT EXPERT SERVICES
UAE CORPORATE TAX
1. Corporate Tax Filling
Every Taxable Person is be required to register electronically for UAE CT with the Authority within a prescribed timeline and obtain a Tax Registration Number. The registration would need to be undertaken even if the Taxable Person has already been registered for Value Added Tax purposes.
UAE CORPORATE TAX
2. Corporate Tax Training
The Corporate Tax training by MASAR is designed to introduce professionals to the new UAE federal income taxation of businesses and their stakeholders. MASAR introduces Corporate Tax Training in UAE to upskill and prepare fellow accountants, auditors, tax professionals, and tax agents in UAE on the new UAE Corporate tax regime.
UAE CORPORATE TAX
3. Corporate Tax Advisory
MASAR Corporate tax Advisory services help companies to navigate this new complex tax system and ensure compliance with tax regulations. MASAR proves to be a beneficial choice while establishing your business on a global scale.
UAE CORPORATE TAX
4. Corporate Tax Compliance
It can be challenging and time-consuming to operate a business and keep up with the pace of evolving tax compliance that influences corporate operations. As a result, acquiring tax guidance from MASAR professionals in the industry may be advantageous.
UAE CORPORATE TAX
5. Corporate Tax Implementation
For businesses operating in the UAE, the adoption of corporate tax would be a game-changer. Different firms may wish to review their company forms once the new tax system comes into force in order to take advantage of the possible tax savings. MASAR, as one of the best tax consultants in UAE with an experienced professional team, would be delighted to assist clients who are considering implementing a corporate tax structure, as well as explore any opportunities that may arise as a result.
TRANSFER PRICING
1. Country By Country Reporting
The United Arab Emirates (UAE) has introduced, through Ministerial Resolution, Country-by-Country (CbC) Reporting (CbCR) requirements, The new requirements will affect all businesses that have a legal entity or branch in the UAE and are members of a multinational enterprise (MNE) group with annual turnover above AED3.15b (approximately US$850m).
TRANSFER PRICING
2. Transfer Pricing Advisory
MASAR can help companies develop transfer pricing strategies that are aligned with their overall business objectives while complying with the UAE transfer pricing regulations. This includes analyzing the company’s existing transfer pricing practices, identifying potential risks and opportunities, and providing recommendations for optimizing the company’s transfer pricing arrangements.
TRANSFER PRICING
3. Transfer Pricing Compliance (Local File & Master File)
MASAR can assist companies in preparing and filing transfer pricing disclosures and related compliance forms with the UAE tax authorities. This includes preparing local and master files, responding to inquiries from tax authorities, and assisting with any transfer pricing audits or investigations.
INTERNATIONAL TAX
1. TAX Domicile – TAX Residency Certificate
At present, commercial activities in the UAE are boosting international trade links, but it also gets complicated once it gets trapped in the tax regime. As a result, businesses are now tackling the problem of double taxation. To resolve this concern, a tax residency certificate in UAE comes into the equation.
INTERNATIONAL TAX
2. Ultimate Beneficial Owner
MASAR consultants can assist you with
- Consultancy related to UBO declaration
- Maintenance of UBO register
- UBO record maintenance
VAT
1. VAT Consultancy Services
VAT consultancy services in the UAE involve expert guidance on Value Added Tax matters to ensure compliance and optimize financial strategies. MASAR Chartered Accountants excel in providing comprehensive VAT consultancy, offering businesses tailored advice on VAT implications, planning, and implementation.
VAT
2. VAT Return Filing Services
VAT return filing in the UAE involves submitting periodic reports to the tax authorities detailing a business’s taxable transactions and VAT liabilities. MASAR Chartered Accountants play a crucial role in simplifying this process for businesses by offering expert assistance in preparing and filing VAT returns.
VAT
3. VAT Registration Services
Value Added Tax (VAT) is a tax imposed on consumers, and registration is the first step to understanding and complying with the laws. The responsibility of complying with tax laws and contributing to the greater good of society falls on entrepreneurs and project owners to facilitate the process for consumers.
VAT
4. VAT Deregistration Services
VAT deregistration in the United Arab Emirates is a process that allows a company to stop voluntarily or mandatorily paying taxes.
MASAR provides services to assist companies in smoothly deregistering from Value Added Tax in Dubai and the United Arab Emirates.
VAT
5. VAT Training UAE
Masar has launched an exclusive program to provide Value Added Tax (VAT) courses in Dubai.
Our courses cover topics such as tax return or statement filing, accounting for VAT, and voluntary disclosure of Value Added Tax.
VAT
6. VAT Health Check
MASAR Chartered Accountants offer expert VAT health check services to businesses, assessing their systems, processes, and documentation. This proactive approach helps businesses rectify potential issues before they lead to non-compliance or financial penalties.
VAT
7. VAT Reconsideration
VAT Reconsideration in the UAE involves the process of appealing or revisiting a tax authority’s decision on Value Added Tax matters. MASAR Chartered Accountants offer invaluable assistance in VAT reconsideration cases, leveraging their expertise to carefully review the initial decision, identify discrepancies, and present a compelling case for reconsideration.
VAT
8. TAX Agent Services
MASAR Chartered Accountants stand out as FTA (Federal Tax Authority) approved tax agents in the UAE, offering top-level services to businesses. With official accreditation, MASAR provides expert guidance and support, ensuring compliance with tax regulations.
VAT
9. TAX Disputes Committee
The Tax Disputes Committee in the UAE is a specialized entity responsible for resolving disputes between taxpayers and the Federal Tax Authority (FTA). MASAR Chartered Accountants offer invaluable assistance in managing tax disputes, leveraging their expertise to represent businesses before the committee.
EXCISE
1. Excise Tax Registration
If you are a business that manufactures, imports, or distributes taxable goods in the United Arab Emirates (UAE). You are required to register for excise tax with the Federal Tax Authority (FTA). Excise tax registration in the UAE is a necessary step for businesses that are involved in the supply chain of taxable goods. Including manufacturers, importers, storage facility operators, and wholesalers.
EXCISE
2. Excise Tax filing
The United Arab Emirates (UAE) has implemented an excise tax on certain goods, including tobacco products, energy drinks, and carbonated drinks. The tax is applied at a rate of 100% on the taxable value of these goods. Which includes the cost of the goods, and customs duties. And other charges incurred in bringing the goods to the UAE. The excise tax in UAE is intended to reduce the consumption of these goods. Which are believed to have negative impacts on public health and the environment. The tax is administered by the Federal Tax Authority of the UAE. MASAR is an approved Tax Agency in the UAE and Provides the Best Excise tax Services in the UAE
EXCISE
3. Excise Tax Brand sync
MASAR Chartered Accountants proudly introduces Excise Tax Brand Sync Services, a specialized solution designed to support businesses in synchronizing their brands with UAE excise tax regulations. At MASAR, our seasoned professionals understand the complexities of excise tax compliance and how it impacts your brand’s reputation and financial well-being. With our Brand Sync Services, we ensure that your branding aligns seamlessly with excise tax requirements, helping you maintain compliance while preserving your brand’s integrity.
AUDIT & ASSURANCE SERVICES
1. External audit
External audit refers to the independent examination of an organization’s financial records and operations by an external auditor. The purpose of this audit is to provide an objective assessment of the financial and operational activities of the organization, ensuring compliance with relevant laws and regulations, and confirming to stakeholders that the financial data of the organization is accurate and reliable.
AUDIT & ASSURANCE SERVICES
2. Internal audit
Internal audit is an objective assurance and consulting activity designed to improve an organization’s operations and add value.
With an extensive understanding of MASAR’s risk landscape and areas of operational improvement, especially industry and market differentiators, clients will receive assistance in internal audit functions, enhancing operational performance and efficiency, and adding value to their organizations.
AUDIT & ASSURANCE SERVICES
3. IFRS Advisory
Almost every business in the UAE with a statutory reporting requirement has to follow International Financial Reporting Standards (IFRS). The increasing complexity of financial reporting and the rapid pace of change has led to significant increase in demand for expert accounting advice.
AUDIT & ASSURANCE SERVICES
4. Forensic audit services
Forensic audit involves the investigation of a company’s financial data and operational records by specialized legal auditors to detect fraud and gather evidence that can be used in a court of law. Forensic audits are conducted in cases where embezzlement, financial crimes, or fraud occur and require the prosecution of an individual.
AUDIT & ASSURANCE SERVICES
5. Fraud Investigation
The objective of fraud audit is to identify any fraudulent activity that may have occurred, assess its impact on the company’s financial data, and recommend controls that can prevent such fraud in the future. Typically, the Criminal Investigation Department (CID) in the United Arab Emirates is informed for further investigation if any fraudulent activity is detected during the audit.
AUDIT & ASSURANCE SERVICES
6. Company liquidation
MASAR provides this service as an official liquidator for any company under liquidation.
Company liquidation, also known as the process of insolvency, involves the dissolution of the company and the liquidation of all its assets. The proceeds are then used to pay off debts and cover expenses, with any remaining surplus distributed to the business owners.
AUDIT & ASSURANCE SERVICES
7. Risk management audit
Risk audit is a process that involves identifying, analysing, and evaluating the potential risks and threats to an organization’s operations, assets, and reputation.
With 6 years of experience in risk management across all industries, MASAR offers solutions for all economic sectors, from agriculture to life sciences, and from mining to finance.
AUDIT & ASSURANCE SERVICES
8. Real Estate Regulatory Agency Audit (RERA)
The Real Estate Regulatory Agency is a government agency responsible for regulating the real estate sector in Dubai.
MASAR is a certified auditing firm qualified to review, study, and analyse the service charges of companies to ensure they are professionally prepared in line with the current competitive market requirements. Additionally, MASAR is also providing annual & interim audit services to ensure compliance with the standards and regulations set forth by the Real Estate Regulatory Agency (RERA)
AUDIT & ASSURANCE SERVICES
9. AML / CFT Compliance Service
Our Anti-Money Laundering (AML) investigation and monitoring services provide skilled human resources and data to identify suspicious financial assets faster and more accurately.
AUDIT & ASSURANCE SERVICES
10. Due diligence Audit
The main objective of conducting due diligence is to eliminate or reduce potential negative consequences of a transaction and improve the business processes related to the company’s incoming activities. This examination enables companies to identify risks of voiding transactions, initiating disputes, imposing financial penalties, and conflicts of interest.
AUDIT & ASSURANCE SERVICES
11. Stock Audit
Inventory audit is essential to ensure the existence and accuracy of ownership rights and to verify the value and quantity of items present in the inventory.
The expert team at MASAR can assist companies in monitoring and verifying their inventory, providing them with additional information related to the inventory, along with appropriate adjustments to the current inventory records.
AUDIT & ASSURANCE SERVICES
12. Sales Audit
A Sales Audit is conducted primarily focusing on improving the efficiency of the sales department of the organization by enhancing sales performance, helping to improve the reputation of the company to the stakeholders and external parties, reduce overall capital costs and enabling it to spot any unethical and fraudulent activities, among many others.
AUDIT & ASSURANCE SERVICES
13. Tax Audit
Tax Audit is an Independent review of various tax records, financial statements, and books of a company registered for tax purposes
BUSINESS ADVISORY SERVICES
1. CFO Services
CFO (Chief Financial Officer) services within business advisory services are invaluable for businesses seeking expert financial guidance and leadership without the need to hire a full-time CFO service typically on a part-time or outsourced basis, advisory services involve providing strategic financial guidance and support to businesses.
BUSINESS ADVISORY SERVICES
2. Business Valuation
With MASAR Chartered Accountants, you can gain a clear and accurate understanding of your business’s value, whether for merger and acquisition purposes, financial reporting, or strategic planning.
BUSINESS ADVISORY SERVICES
3. Business Consultancy
Business consultancy services are a subset of business advisory services that focus on providing expert advice and solutions to help businesses address specific challenges, make strategic decisions, and improve overall performance. MASAR, through its specialized and professional team, prepares administrative and financial structures for companies that reflect the progressive business vision, tailored to the company’s objectives, aiming to reduce time.
BUSINESS ADVISORY SERVICES
4. Merger & Acquisition
MASAR Chartered Accountants is your premier partner for mergers and acquisition (M&A) services in the UAE, providing strategic guidance and expertise to businesses seeking to navigate the complex landscape of mergers, acquisitions, and corporate transactions.
BUSINESS ADVISORY SERVICES
5. Financial Feasibility study
MASAR Chartered Accountants is your dependable partner for Financial Feasibility Study Services in the UAE, offering businesses comprehensive insights and analysis to support informed decision-making.
BUSINESS ADVISORY SERVICES
6. Trade Finance
MASAR Chartered Accountants is your trusted partner for Trade Finance Services in the UAE, offering businesses expert guidance and support in navigating the complexities of international trade and finance.
BUSINESS ADVISORY SERVICES
7. Forecasting
Business forecasting is an important aspect of financial management and planning, but it serves distinct purposes and focuses on different aspects of an organization’s financial activities. Accounting focuses on accurately recording and reporting historical financial data to meet compliance and reporting requirements. MASAR Chartered Accountants is your dedicated partner for Forecasting Services in the UAE, offering businesses precise and forward-looking insights to navigate the intricacies of financial planning and decision-making.
BUSINESS ADVISORY SERVICES
8. Financial Module
“Financial module” typically refers to an enterprise resource planning (ERP) system accounting software that deals with financial transactions, reporting, and related activities. MASAR Chartered Accountants is your trusted partner for Financial Module Services in the UAE, offering businesses a comprehensive suite of financial management solutions to ensure financial transparency, efficiency, and compliance.
BUSINESS ADVISORY SERVICES
9. Economic Substance Regulation
The United Arab Emirates (UAE) Introduced Economic Substance Regulations (ESR) in 2019. These regulations required UAE Entities and branches to conduct certain geographically mobile activities to maintain adequate substance in the Country.
ACCOUNTING & BOOKKEEPING
1. Accounting & Financial Reporting
Accounting and financial reporting are important for tracking a company’s financial activities, ensuring transparency and accountability, and aiding decision-making by various stakeholders. Adherence to accounting standards and principles is crucial to maintaining credibility and trust in financial reporting.
ACCOUNTING & BOOKKEEPING
2. Updating of Backlog Accounts
Updating backlog accounts involves bringing overdue or pending financial transactions up to date. This typically occurs when there has been a delay in recording or reconciling transactions in the accounting records. Updating backlog accounts is essential for maintaining the integrity of financial records, complying with accounting standards and regulations, and providing reliable financial information. It helps ensure that the financial statements accurately reflect the company’s financial position and performance, which is crucial for making informed business decisions and maintaining trust with partners, investors, and creditors.
ACCOUNTING & BOOKKEEPING
3. Fixed Assets Management
Fixed assets management is a part of accounting that involves the acquisition, tracking, depreciation, and disposal of long-term tangible assets within an organization. These assets, often referred to as “property, plant, and equipment” (PP&E), are essential for business operations and typically have a useful life extending beyond one accounting period. Effective fixed assets management is essential for accurate financial reporting, as it ensures that the value and condition of assets are accurately reflected on the organization’s balance sheet. Proper management also helps in optimizing asset utilization, reducing maintenance costs, and complying with accounting standards and regulations.
ACCOUNTING & BOOKKEEPING
4. Standard Operating Procedures
Standard Operating Procedures (SOPs) as know as Owners rules and regulation in the field of accounting by providing a structured framework for various accounting processes and activities. SOPs are documented guidelines that outline the step-by-step procedures and best practices to ensure consistency, accuracy, and compliance in accounting operations. Standard Operating Procedures in the accounting view are essential for maintaining consistency, accuracy, and compliance in financial processes. They serve as a guide for employees, help in auditing and regulatory compliance, and contribute to effective financial management within an organization. Well-documented SOPs are a fundamental part of good governance and financial control.
ACCOUNTING & BOOKKEEPING
5. Accounts supervision
Accounting supervision is a critical component of financial management within an organization. It involves overseeing and managing the accounting function to ensure that financial transactions are accurately recorded, financial statements are prepared by accounting standards, and internal controls are followed accounting supervision is essential for maintaining the integrity of financial information, ensuring compliance with accounting standards and regulations, and supporting effective financial management. Accounting supervisors play a crucial role in upholding the accuracy and reliability of financial data, which is vital for decision-making, financial reporting, and organizational success.
ACCOUNTING & BOOKKEEPING
6. Inventory Verification
Inventory verification is a fundamental accounting process that involves physically counting and reconciling the actual physical inventory on hand with the inventory records maintained in an organization’s accounting system. This process is crucial for accurate financial reporting, cost management, and maintaining control over a significant asset on the balance sheet. inventory verification is a critical accounting process that ensures the accuracy of financial records, compliance with accounting standards, and effective internal controls. It impacts financial reporting, cost management, and overall financial health, making it an essential element of accounting operations for businesses that maintain inventory.
MANAGEMENT CONSULTANCY
1. HR/Payroll & restructuring Services
Managing payroll for a newly established company can be a significant challenge. Our company offers timely and professional solutions to issue payroll in compliance with the labour laws and regulations while maintaining confidentiality, accuracy, and preparing detailed reports.
MANAGEMENT CONSULTANCY
2. Work Process Flow Analysis
MASAR Chartered Accountants is your trusted partner for Working Process Flow Analysis Services in the UAE, offering businesses a comprehensive solution to streamline and optimize their operational processes.
DIGITAL TRANSFORMATION
1. ERP Solution
Our experienced team of professionals specializes in implementing and customizing ERP systems to meet your specific business needs. With MASAR Chartered Accountants as your partner, you can streamline processes, improve data accuracy, and enhance decision-making through a unified platform. We empower businesses to gain better control over their resources, drive efficiency, and adapt to the evolving business landscape.
DIGITAL TRANSFORMATION
2. Robotic Process Automation
MASAR Chartered Accountants is your trusted partner for Robotic Process Automation (RPA) Services in the UAE. Our services are designed to help businesses thrive in the dynamic UAE business environment by providing the technology and expertise needed to achieve efficiency and success. Rely on MASAR Chartered Accountants to provide precise, reliable, and customized RPA solutions, guiding your business toward greater productivity and innovation in the UAE.
COURT EXPERT SERVICES
1. Court Services
A Court Expert is a person who has specialized knowledge in a particular field and who is appointed by a court. To provide testimony or advice as an expert witness. Court experts in UAE may be called upon to provide testimony in a variety of legal proceedings. Including criminal trials, civil lawsuits, and administrative hearings.
COURT EXPERT SERVICES
2. Expert consultation
The court expert’s role is to provide an impartial and objective opinion on a particular issue that is relevant to the case. They are required to provide their opinion based on the facts of the case and their professional expertise. Without being influenced by any party or external factors. The court expert’s opinion is intended to assist the court in making an informed decision on a legal matter.