AM Audit | Audit Accounting Firm in Dubai

“Legacy Beyond You”

Corporate TAX coming soon

“Legacy Beyond You”

Approved Auditors And Tax Agents

Audit

Auditing is a detailed examination of financial reports of an organization.

Accounting

It is a measurement of financial and non financial information.

VAT

A consumption tax placed on a product whenever value is added.

Corporate Tax

UAE introduces federal corporate tax-effective from June 2023

Excise Tax

To keep a soundtrack of the Excise tax goods' movements.

Legal

We help business to avoid the threats such as fraud and misinterpretation.

Consulting

We help the organization to improve their performance.

Regulatory Compliance

Beneficial to reduce the risk of non-compliance in your business.
Who We Are

Welcome to AM Audit

Incepted in 2016, Abdulla Al Mulla Auditing and Accounting—AM Audit—has been rendering some of the most effective, value-adding and top-notch auditing, accounting and business consulting services to our clientele. Our clients consist largely of large enterprises and SMEs carrying out their businesses across the globe. Over the years, we have been able to carve a niche out for our impeccable services offering reliable and timely support our clients unfailingly.

In our constant efforts to provide our clients with the most suitable service propositions on time, we have toiled day in, day out creation service offerings based on our profound industry insights and knowledge and a special eye for the needs of the clients.

Our Services

Audit

Internal Audit External audit Compliance Audit Information System Audit VAT Audit Statutory Audit Due Diligence Report

Internal Audit

Internal Audit provides independent, objective assurance and consulting to add value and improve your organization’s operations.


External audit

External Audit investigates and analysis your business’s financial state, and an Audit firm that is not affiliated by your Company should perform.


Compliance Audit

Conducting a statutory audit helps you ascertain and understand the correctness of the financial records and statements of the organization.


Information System Audit

Any business carrying out an audit on the technology systems and infrastructure they use to support their business operations is essential.


VAT Audit

Conducting a VAT Audit in UAE is essential to ensure that a business complies with the legal requirements of VAT in UAE.


Statutory Audit

A legal procedure, statutory audit helps ascertain and understand the correctness of the financial records and statements of an organization. Since all government departments and organizations need to report their performance, it is mandatory that they must conduct statutory audit from time to time. Often, statutory audit is conducted for the public…


Due Diligence Report

Due diligence auditing is carried to appraise the financial performance of a business via a series of assessments. Since the auditing can provide deeper insights into the earning capabilities of another business, the competency of its management, its potential customers, and its suppliers, a clear picture of the overall financial stature of the company can be had by a client.


Accounting

Financial Accounting Services Cost Accounting Services Management Accounting Services VAT Accounting Services Fund Accounting Services Forensic Accounting Services Accounting Software Accounting Backlog Compilation Inventory Control Service Fixed Assets Control Service Payroll Services IFRS Implementation

Financial Accounting Services

Financial Accounting concerns with the summary, analysis, and reporting of financial transactions related to your business. It requires the filing of freely available financial statements.


Cost Accounting Services

Cost accounting is a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and detail of your company


Management Accounting Services

Management accounting or managerial accounting is to educate you better before resolving matters within your organization, which assists your administration and performance of control functions.


VAT Accounting Services

There are diverse types of Value Added Tax that a business needs to take care of while conducting their business. No matter if you sell services or products, you need to ensure that the both input and output VAT is timely registered and files. Failing to comply with a variety of VAT provisions can attract legal consequences and penalties from government bodies against you. As such, it is really…


Fund Accounting Services

If you are an entity that uses funds assigned to you by a donor, agency, or a higher authority, you must carry out timely accounting to ensure that you have a comprehensive record of all the funds you have received and utilized.


Forensic Accounting Services

Forensic accounting, forensic accountancy, or financial forensics defines obligations resulting from real or expected conflicts or litigation.


Accounting Software

Accounting software records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, journal, general ledger, payroll, and trial balance. 


Accounting Backlog Compilation

As per the Commercial Company Law regulations in the U.A.E., it is mandatory to maintain proper books of account.


Inventory Control Service

Inventory control or stock control is an activity of checking your company’s stock. Inventory control practices and policies should apply to more than just finished and raw goods. Areas where businesses incur expenses or lose sales that inventory control practices and methods could address include: Spoilage Deadstock Excess storage costs Cost-efficiency Excess stock Losing track […]


Fixed Assets Control Service

Fixed Assets Control is to ensure that the Asset labels allow the business to supervise and track an asset from its purchase to its disposal.


Payroll Services

AM Audit can provide you with complete payroll management and processing service.


IFRS Implementation

International Financial Reporting Standards are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board. 


VAT

VAT Registration & Deregistration VAT Implementation & Compliance VAT Return Filling VAT Advisory VAT Training VAT Documentation. VAT Tax Agent UAE Nationals VAT Refund Tax Residency Certificate VAT Health Check VAT Voluntary Disclosure Filing VAT Refund Application VAT Penalty Reconsideration Application

VAT Registration & Deregistration

VAT or Value Added Tax is an indirect taxation system that has been adopted by more than 160 countries around the world. In 2018 January, UAE has decided to implement the same in the country with the base rate 5% tax. This has required all the businesses coming under the taxation purview to adhere to the guidelines and mandates of the tax system. The VAT Lax required…


VAT Implementation & Compliance

After VAT was decided to be implemented from January 2018 in the UAE with the rate of 5.00%, businesses are mandated to follow the new tax system and comply with the same unfailingly. This has ensured that all businesses my implement VAT in their business operations and stay compliant to the tax regime as demanded by the VAT Law…


VAT Return Filling

As a business when you are paid tax to the VAT authority, every quarter you need to file VAT returns to the authority explaining to them how much tax they must refund the business. This become really important for a business since failing to comply with VAT regulations can result in revenue loss and stringent legal penalties. In addition, if you are a business…


VAT Advisory

VAT or Value Added Tax has become one of the most common tax system accepted by almost all countries across the world. If you are a business that looks for professional support and advice in a range of aspects of VAT in UAE, then AM Audit is one of the best places that you can get all the help you need. Ever since the government of UAE has accepted…


VAT Training

Since VAT has become the most tax system in UAE from January 2018, it is imperative that a business understands everything about VAT and the importance of being compliant with a variety of its requirements. However, that’s not an easy thing to do since VAT is extremely extensive and often confusing…


VAT Documentation.

Carrying out VAT documentation is no doubt an extensive and highly tiresome job to carry out. With bigger and more extensive business transactions, more complex VAT documentations come. And most businesses may not have the full expertise and understanding to take care of all the VAT documentation processes. That’s the reason you need expertise hands on the deck to


VAT Tax Agent

As the AM Audit provide VAT Agent services for the whole of UAE, we can be your VAT Agents. Considering the VAT in UAE, it is very difficult for the companies to look after the issues related to VAT or other tax dealing with FTA.


UAE Nationals VAT Refund

If you are a UAE National, you will be entitled to a refund of Value Added Tax (VAT) incurred on the construction of a new residence for your use.


Tax Residency Certificate

UAE National can claim a VAT refund on the construction of a new residence built for personal use. A person who constructs a building is liable to pay VAT for the expenses incurred during construction which includes building materials, contractor’s bills, and many more. UAE nationals can reclaim the tax paid on constructing their new […]


VAT Health Check

VAT Health Check is essential for your business to ensure that it complies with the legal requirements of the VAT in the UAE. It helps your company understand whether it is ready to adhere to all the VAT provisions and conditions. VAT Health also checks asses and warrants the accuracy of the information submitted to […]


VAT Voluntary Disclosure Filing

To report errors and changes in VAT Returns and VAT Refunds, FTA provides a VAT Voluntary Disclosure Form. VAT Form 211 or VAT Voluntary Disclosure form assists you in correcting the mistakes made while submitting a VAT Return. Within 20 business days of discovering the error, you should file your VAT Voluntary Disclosure or request […]


VAT Refund Application

A VAT-registered business that charges 5% VAT reasonably can claim the refund. VAT-registered business owners must submit an annual VAT return. To clarify you, the money you collect on the sales is the output VAT, while the funds payable to the supplier that adds to the expenses is the input VAT of your business. If […]


VAT Penalty Reconsideration Application

Do you believe that your company has been not liable for the penalties? Or do you not agree with the Federal Tax Authority‘s (FTA) decision over your penalties?  FTA, as the regulatory body for United Arab Emirates VAT Laws; takes charge of managing and collecting federal taxes and fines. And knowing tax laws has its […]


Corporate Tax

Foreign Account Tax Compliance Act Common Reporting Standard

Foreign Account Tax Compliance Act

FATCA is a federal law of the United States (“US”) aimed at combating offshore tax evasion by US persons. The law approved by the US in 2010. According to FATCA, Foreign Financial Institutions (“FFIs”), must report financial information about US persons. The UAE signed an Intergovernmental Agreement with the United States of America on 17 […]


Common Reporting Standard

The CRS was developed in response to a request by the Organization for Economic Co-operation and Development (“OECD”) during the Global Forum in Berlin and entered into force in October 2014. The UAE signed the Convention on Mutual Administrative Assistance in Tax Matters (“MAC”), the Declaration of Multilateral Competent Authority Agreement on Automatic Exchange of […]


Excise Tax

Stockpile Audit Excise Tax Registration Excise Return Filing Excise Declaration Excise Tax De-Registeration

Stockpile Audit

According to Federal Decree-Law No. (7) of 2017, from 1 October 2017, the excise tax legislation will come into force. The authorities had announced that as of 1 October 2017, Excise Tax would be in full effect. Because the Nation introduced the Excise Tax, it will allow companies and corporate houses to be more transparent […]


Excise Tax Registration

Tobacco products, energy drinks, and carbonated drinks are subject to excise tax. The nation had chosen to levy an excise tax on all e-cigarettes, e-liquids, and sweetened beverages that signed and ratified this January. A significant change found in firms that produce, supply, or export them. The Federal Tax Authority of UAE has made an […]


Excise Return Filing

The FTA is committed to providing comprehensive resources and advice to help with this, however, the duty is on the organization to ensure that all necessary regulatory requirements are met. The FTA conducts audits of taxable businesses and imposes disciplinary action against those who do not comply with the legislation. The due date to file […]


Excise Declaration

Federal Tax Authority wants all the Warehouse keepers of one or multiple Designated Zones to appoint a certified external auditor to audit the Opening Stock as of 1st January in each Designated Zone per Excise Tax Registrant. Submit audit report before filling in the Opening Stock Declaration Form. Deadline to submit the Opening Stock Declaration: […]


Excise Tax De-Registeration

A registered individual may request that the tax authority discontinue the registration of excise tax if he is no longer liable for excise tax as provided for in the law. This is deregistration. Who Has to Apply for Excise Tax De-Registration in the UAE? When the taxable individual ends taxable practices such as importing, manufacturing […]


Legal

Forensic Accounting & Fraud investigating Liquidation & Bankruptcy Book keeping Service Family Business Service Govt Compliance VAT Services Audit Firms Accounting and Book-Keeping Services

Forensic Accounting & Fraud investigating

No business in the world is entirely safe from a variety of internal and external threats such as fraud and misrepresentation. As such, it is really important for a business to carry out regular fraud and forensic accounting services to ensure that everything is well in their accounting and book-keeping processes. Since fraud activities cannot.


Liquidation & Bankruptcy

Company liquidation and bankruptcy services in Dubai always require exceptional experience and process knowledge to ensure that the services are carried out as per the legal requirements of the same. Though it is a painful decision to dissolve or liquidate your company or file bankruptcy, you need to do it as per the framework established in the country for the


Book keeping Service

One of the most important management functions of any business, book-keeping helps a business ensure that they meticulously tracks, updates and maintains their books of accounting to help them make intelligent and informed decision for a range of business purposes. Due to the very complex..


Family Business Service

If you are running a family business, it is quite possible that you might be unaware of various legal requirements that your business needs to comply with. In addition, since these requirements can change from time to time, it is quite impossible for a business person to both take of the business and follow these changes to be complaint with them. This is where you need a permanent.


Govt Compliance

As a business that can impact the economy of the country, you are always required to adhere to a set of laws, acts and guidelines put forth by the government from time to time. Since the government has a range of wings to monitor, make recommendations and implement these compliance requirements, it would easier for them. But complying with all of these statutory requirements


VAT Services

Value Added Tax is one of the most comprehensive and widely-used indirect tax systems across the world and in UAE. Ever since the constitution of VAT Law in UAE in 2018, businesses, that come in the tax bracket, in UAE must file and register for VAT to ensure compliance with the statutory requirements. However, this is not a simple, single process and it can..


Audit Firms

Over the years, auditing has grown beyond just ensuring if the financial records and documents of the company are correct. In today’s uber-competitive world of business, auditing helps businesses make decisions, course correct and improve the efficiency of the business operations of the company. In addition, auditing helps a business ensure that the company stays compliant.


Accounting and Book-Keeping Services

Every business needs efficient and effective accounting and book-keeping systems that can improve the efficiency of the business operations and accounting transactions. Without top-notch accounting and book-keeping systems, the entire business operations can go haywire. No matter how big or small your business is and where you operate in the industry in UAE, you need to have the.


Consulting

Business Consulting Services LLC Business Formation Mainland Business Formation MNC Branch Registration Offshore Business Formation Public Relations Officer Services Startup Plans in Dubai UAE Freezone Business Set-up UAE National Local Sponsor Payroll Process & Management Mergers & Acquisitions Business Valuation

Business Consulting Services

Starting a business and running the same in Dubai are not an easy task. If you ask some of the businesses operating in Dubai, you will get the best answer for it. But they would also tell you that if you have someone with right business experience and acumen to guide you, it will be easier for you find you rhythm and place in Dubai..


LLC Business Formation

Are you trying to form an LLC business in Dubai? Let us help you with all your registration and legal certification requirements. Since Dubai is one of the most preferred and sought-after markets in the world by businesses to start their operations, there are numerous companies that try to register their businesses every other day..


Mainland Business Formation

As a client-centric and expert business consultant in Dubai, AM Audit can provide all the required professional help that you need with your mainland business formation in Dubai. Since mainland companies are considered by the government to be the most developed and priced business entities in UAE, it brings a plethora of benefits to the company..


MNC Branch Registration

If you are a multi-national company vying to start their operation in Dubai by registering a branch in Dubai, you require the support of an experienced business consultant who can walk you through all the processes required for the registration…


Offshore Business Formation

Are you trying to establish an offshore business in Dubai to expand your business operations and serve your clients better? You can take your business to the next level in Dubai. However, the formation of offshore business in Dubai requires the client to take care of numerous business and legal compliances from the government of UAE to create a favorable.


Public Relations Officer Services

Managing the reputation by timely communicating with the public is an integral part of any business and without effective PRO services no business can create the kind of good-will and reputation it aims for. In addition, the PRO must also be in constantly communication with various government organizations and departments to ensure clearances of various papers..


Startup Plans in Dubai

If you have a business idea that you want to start your Start-up with, we can help you see it bear fruit. With more support and business-friendly nature, UAE has become one of the most preferred places by entrepreneurs to come and start their start-ups. However, it takes a lot of processes and legal permission..


UAE Freezone Business Set-up

One of the major reasons for many businesses trying to stay away from starting their company in UAE is due to the legal requirement that says the need of a local national sponsorship. However, in order to attract such businesses, the UAE government has brought in a new business registration option with UAE freezone..


UAE National Local Sponsor

If you are a person trying to incept a business in Dubai, UAE, you need a local sponsor who can support you in your company’s inception. Since it is a mandatory requirement the government of UAE, you must have an eligible person who can act as your local sponsor. Since the person will be an integral part of the inception.


Payroll Process & Management

Designed to evolve with the needs of a business, Our payroll services help you save time and money and streamline payroll processes to attain greater payroll accuracy across the board. We have been providing payroll services to numerous countries over the decades and our client base includes some of the leading multinational companies.


Mergers & Acquisitions

Identifying business unit and corporate objectives will be easier with acquisitions and mergers (M&A) practice. Before undergoing a merger or acquisition, your company needs to think strategically. In order to determine if the transaction can contribute to the growth of your organization, evaluate your business units, external markets, and competitors. Experts from our firm will […]


Business Valuation

The business valuation process involves determining the company’s current worth. There are many techniques to determine the value. For valuation to be truly beneficial and useful, it must reflect and comply with the latest accounting, regulatory, and tax codes. A business valuation requires high-quality financial analysis by professionals with appropriate credentials. it is always advisable […]


Regulatory Compliance

Anti Money Laundering Registration

Anti Money Laundering Registration

AML refers to laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Even though anti-money laundering laws cover a limited range of transactions and criminal behavior, their implications are vast. The minister of justice issued ministerial orders in November 2020 to establish money laundering courts in Sharjah, Ajman, […]


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Liquidation

We provide liquidation services for all entities – limited liability companies, free zone companies and offshore companies across UAE.

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Bankruptcy

Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts...

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Book Keeping Service

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales...

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Careers

Come innovate with us!

Do you love working with numbers? , Are you detail-oriented, organized, and like working in a structured environment? You may want to consider a career as an accountant! An accountant has one of the most important roles in any business, whether they work in large corporations or small businesses. They prepare and review financial records, ensure that all money transactions are accurate, and ensure taxes are paid on time. Redefining stories take some extra talent. But if you are too passionate and ready to join our run towards the future, let's talk.
FAQ

FAQs About VAT in UAE

UAE imposes VAT on tax-registered businesses at a rate of 5 per cent on a taxable supply of goods or services at each step of the supply chain. Tourists in the UAE also pay VAT at the point of sale.
Testimonials
What Client Says

Glad that I got an opportunity to work with the company. Very goodprofessional with nice team of expert in UAE for VAT accounting, Auditing andall matters of VAT. – Nathon James

Big Thanks to AM Audit. I got my company’s accounts corrected from them. If you are looking for dedicated people for all your accounting needs, then don’t look any further. This company is the best. – Jessicca Williams

I have been dealing with them since 2017. They are highly professional and deliver excellent quality of work. The experts are well versed with rules and regulations. – Cama surich

Latest
Blogs
blog
Corporate Tax FAQs: 15 Top Answers
2022/05/24

Corporate tax in the UAE is a form of direct tax imposed on net income or business profit. The UAE introduced this tax with the aim of strengthening the country’s position as a leading global center for business and investment, in addition to accelerating the country’s development and transformation to achieve its strategic goals and renewing its commitment to meeting international standards of transparency tax and prevent harmful tax practices.

Jaseela PM

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blog
How to Find a TRN Number of a Company in UAE
2022/05/19

A TRN number check of a firm is mainly used to confirm the validity of VAT registration. If you intend to find out whether a business entity has a Tax Registration Number in the UAE, all that you need to do is search for the services of a tax representative in the UAE. A tax agent can help you in finding whether a business entity that you are about to deal with has a TRN number or not. With help from a tax agent, you’ll be in a good position to know whether to commence business with your potential firm or not.

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blog
A Guide to LLC trade license cancellation in UAE
2022/04/12

Canceling an LLC is a step that you need to be sure about when you decide to do so. Having the right person to guide you through it is crucial to avoid such instances of fines and penalties, and we are here to help you through the process. After receiving the final certificate, the LLC will be legally dissolved, and no more legal duties will be necessary.

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blog
Problems and Solutions in Purchase the Department of a Hotel
2022/03/03

The procurement department plays different roles in different organizations. These roles can be procuring, acquisitions, relations building, corporate social responsibility or customer service. Though, when it comes to the hotelier industry, the role of the procurement department intertwines with nearly all aspects of the hotel. It goes with all of the roles we highlighted above and further into the inner details like the final customer experience and ways to improve their experiences while at it.

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AM Audit Financial News Journal

UAE introduced Economic Substance Regulations (ESR) under its commitment as a member of the Organization of Economic Cooperation and Development Framework on Base Erosion and Profit Shifting. To this effect, the Cabinet Decision 31 of 2019 was introduced with the UAE Govt formally issuing Regulations and guidelines as well. Click on the video to know why Economic Substance Regulation was introduced and why businesses need to know about the Regulation.
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