Need Bookkeeping and Accounting Services in Dubai?

Outsource all your accounting needs to our experienced team in the UAE – from payroll management to general bookkeeping and tax preparation & filing. Let us manage your financial records so you can focus on growing your business

Need Bookkeeping and Accounting Services in Dubai?

Outsource all your accounting needs to our experienced team in the UAE – from payroll management to general bookkeeping and tax preparation & filing. Let us manage your financial records so you can focus on growing your business

Our Services

Bookkeeping

We’ll help you maintain updated financial records by ensuring your transactions are properly recorded and managed.

VAT

We’ll guide you through VAT registration and provide specialized assistance for your quarterly VAT submissions.

Corporate Tax

We’ll provide guidance around corporate tax, assist you through the registration process, and manage all paperwork.

Payroll Management

We’ll handle your payroll, ensuring the efficient management of employee salaries in compliance with UAE labor law.

Our Services

Bookkeeping

We’ll take care of your business’s daily finances, making sure your income and expences are properly recorded.

VAT

We will guide you through VAT registration and do your quarterly VAT submissions.

Corporate Tax

Our team will assist you through the tax registration process,managing all the necessary paperwork and providing guidance on all corporate tax-related matters.

Pay Roll

Outsource your business payroll needs to ensure accurate and efficient management of employee salaries and compliance with UAE Labor Law.

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Why clients choose us?

Customer-First Approach

The customer is at the heart of everything we do at Saldo, and our number 1 goal is to provide an efficient service that offers exactly what the client needs.

Highly Experienced Team

We have a team of experts who are qualified and proficient at accounting and bookkeeping, tax preparation and advisory, and keeping your finances in order.

Dedicated Relationship Manager

Our clients get a dedicated relationship manager who acts as a liaison between the Saldo team and our customer, ensuring optimal service delivery.

Full-time Multilingual Support

We have a multilingual team that provides full-time support to our clients, allowing us to communicate effectively in more than 9 major languages.

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FTA issues decision Postponement of the Deadline to File a Tax Return and Settle the Corporate Tax Payable for certain Tax Periods

December 01, 20242 min read

FTA issues decision Postponement of the Deadline to File a Tax Return and Settle the Corporate Tax Payable for certain Tax Periods

FTA Decision No. 7 of 2024 has been issued to postpone such deadlines, effective from 25 September 2024. The FTA has issued a Corporate Tax Public Clarification -CTP004 on Oct 10,2024. This Public Clarification is intended to clarify the Deadline to File a Tax Return and Settle the Corporate Tax Payable for certain Tax Periods.

Concise overview:

• The FTA issued Decision No. 7 of 2024 on the Postponement of the Deadline to File a Tax Return and Settle the Corporate Tax Payable on 31st December 2024 for Certain Tax Periods for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments.

• Taxable Person incorporated, established or recognized under the applicable legislation of UAE, on or after 1 June 2023 and Tax Period of the Taxable Person ended on or prior to 29 February 2024.

• The FTA’s Decision states that the due date for filing the Corporate Tax Return for Taxable Persons with a short Tax Period that ends on or before 29th February 2024 (e.g. those ending on 31st December 2023, 31st January 2024 or 29th February 2024) is postponed to 31st December 2024, and the Corporate Tax Payable for these Tax Periods may now also be settled with the FTA by 31st December 2024. which resulted in a in a shorter first tax period than the usual 12 months.

• For example, a company set up on June 10, 2023, with a financial year running from January 1 to December 31, would have its first tax period from June 10, 2023, to December 31, 2023. Before, this company needed to file its tax return and pay corporate taxes by September 30, 2024. With the new decision, the deadline is moved to December 31, 2024.

• Concluding remarks: The FTA has recently aligned the first tax period in the Emara tax portal for the entities incorporated on or after 1 June 2023 and issued a revised tax registration certificate. The revised Tax certificate clarified that the first return for ‘calendar year end’ companies incorporated on or after 1 June 2023 (and before 30 June 2023) must be filed on or before 30 September 2024. The FTA decision provides much needed relief by providing the extension i.e. Postponed to 31st December-2024.

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