Under the Federal Tax Law, every person registered with FTA is required to keep and maintain certain business records. These Accounts and records maintained by businesses must be retained for a period of 5 years from the end of the tax period to which they relate.
Any taxable person not keeping and maintaining the proper Tax records will be subject to penalties of AED 10,000 for the first offense and AED 50,000 on repetitions.
We provide Accounting as per FTA rules & Regulations and assist:
VAT Registration assistance
VAT Return Filing assistance