Welcome to Baker Tilly MKM!

Home

Sitemap



	Audit & Assurance
	Compliance Audit & Procedures
	Accounting Solutions & Services
	Company Set up Services
	Business Advisory Services
	Information Technology Advisory & Consultancy
	Specialized Consulting Services

Doing Business in UAE

Compliance Audit, as the name suggests is a mandatory requirement under a specific statute and we as the firm of public accountants are fully qualified to provide our clients the compliance audit procedures and issue our independent report in terms of the specific guidelines issued by the respective institution or organization requiring such reports.

Around the Globe there are numerous compliance requirements for the companies and “Baker Tilly MKM” is fully competent to provide such compliance audits to its international client who have their presence in the Middle East or GCC region as a subsidiary or branch of an international company or may be as a free zone company owned by another holding company via offshore route but ultimately controlled by mother International Company.

United State of America and most European Countries have such requirements for the compliance audit, amongst which most prominent are;

SARBANES OXLEY, Good Governance Audit to protect Investors.

Public Company Accounting Oversight Board (PCAOB) certification to make sure that the accounting standards are followed correctly and ethically in preparation of financial of such entities.

In United Arab Emirates the compliance Audit, other than statutory audit for non public companies, mainly relates to specific business of specific companies dealing with Government Ministries etc which may include;

	Stock Exchange Compliance for Broker Companies.
	Wage Bill Payment for Contracting Companies.
	Capital adequacy certification for non banking companies viz Money Exchange Houses.
	Net worth certification for certain registration authorities, free zones etc.

“Baker Tilly MKM” is able to provide assistance on such compliance Audits & procedures directly and indirectly through the member firms within its network. We are also in the process to get registered with various bodies in different countries as a local service provider for such specific assignments.

Tax Advisory

Income & Corporation Tax:

Though by and large the area of operation of the Baker Tilly MKM falls under “NO TAX” society, however the firm has services available on TAX advisory as there are few categories of business which fall under Tax Net Viz Banks, Financial institutions and oil companies who all are subject to payment of Corporate Tax on their income and profits.

International companies as corporate entities have to view their tax governance, based on the various consideration including tax treaties & new amendments.

Our specialized knowledge and expertise in local tax regulation makes us a class apart to provide expert tax advisory services for the international clients and expatriate, in view of their tax status in home countries.

The Firm has expertise in providing tax advisory to the corporation and individuals who come from various countries within our list.

At the international level through our member firms worldwide, “Baker Tilly MKM” can provide fast and accurate access to the tax related queries and problems taking into consideration of the provision and regulation for various income and expenditure deduction rules between the countries.

At Baker Tilly MKM thus you can get the tax advisory and guidance services for

	Cross Border Tax Planning
	Interpretation of various tax treaties provision, rules, procedures
	Compliance of tax, issues and matters.
	Computation of taxation involving complex issue of inter connected subsidiaries and cross holdings.

Value Added Tax (VAT)

Our International team of tax experts is able to provide assistance and guidelines on the effective use and planning of VAT for the clients from their international perspective and dealing the VAT applicable area.

United Arab Emirates is in the process of widening its tax net and is likely to introduce in due course VAT in UAE in proliferation of the VAT regime globally.

With the broad based system of indirect taxation and moving of GCC states towards free trade agreements the custom would be eliminated in few years, while 17 Arab States GAFTA is already effective January 2005, thus paving way for wide VAT application in the whole of Middle East, at Baker Tilly MKM we have already prepared and geared ourselves to serve clients with this additional service.

At “Baker Tilly MKM” we are equipped to provide our clients whole segment of services in the value addition tax as more and more countries in the middle east are gradually introducing VAT.

Customs Advisory:

We provide full services to the clients in resolving many issues relating to the customs assessment, reconciliation, and advising them on the various applications based on the governing law in U.A.E.

Companies in the free zone particularly need these advisory services more particularly while making final assessment for their no dues at year end or periodic review and finalization, sale of business etc.

Our experience has taught us, and we have benefited several of our clients with these specialized services which are though very tedious and time consuming, but that is how we add value to our clients.

We have specialized knowledge & team who understand custom specific rules for the various port authorities and free zones and are familiar with custom code for the harmonized item wise listing in the Customs and Excise Globally which in turn help clients to resolve this complex issue.

For more information & details, please get in touch with us today.

Call us on +971-43354233 to discuss with our expert business consultant.


	Start Consulting Now
	Click here