ASP Auditing Chartered Accountants – Dubai, Bahrain, India

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OUR SERVICES

We are ASP Auditing Chartered Accountants - Dubai's reputed and highly experienced Audit and Accounting professionals. We offer a range of Corporate Tax, Audit and Assurance, Business Consultancy and Management services to meet the business needs of our clients in today's dynamic global environment.

Our Founder

DR. A.S. ELAVARASAN F.C.A., (Prince)

Dr. A.S. Elavarasan Soundarajan (Prince) F.C.A is a Fellow Member of Institute of Chartered Accountants of India and has experience in GCC for more than twenty five years’ in the field of Auditing, Accounting, Assurance and International Taxation.

Having previously held leadership positions at various multinational companies in India and UAE for over a decade, he has gained expertise in managing and developing global organisation, with proven skills in building international relationships, consolidating membership on key Business locations and creating an expanding range of practical benefits and service offerings.

As a Founder he has been instrumental in establishing and developing ASP Auditing L.L.C on a global scale, including maximizing Client Support and Service benefits, focusing on strengthening the firm and at the same time maintaining its high reputation of quality.

35 years of Service Excellence
25+ Years in GCC
Presence in UAE, Bahrain and India.
75+ Professionals to guide you
Assignments led by an engagement partner or director

Why ASP AUDITING?

OUR PRESENCE

Our Registered Office is in Dubai with associate offices in Bahrain and India. We have an international affiliation with ASP International Limited, United Kingdom. We connect with accounting, financing…

SECTORS WE OPERATE IN

We understand that businesses value their Advisors having deep embedded sector knowledge – we provide expert knowledge in Auditing and Accounting services and Management Consulting…

INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

We help you with up-to-date guidance and timely advice with consistent interpretation in the field of International Taxation, Direct and Indirect Taxes…

free zones we are registered with

We are registered with the following free zones and can help you with business registration and setup at these free zones.

ACCREDITATION

Effective From: 1st June 2023

Authority:

The Finance Ministry in the UAE announced the introduction of Corporate Income Tax on 31 January 2022.

The UAE is a member of the OECD Inclusive Framework on Base Erosion and Profit Shifting (“BEPS”) and hence committed to meeting the International Standards for tax transparency and preventing harmful tax practices.

Applicability:

Applicable to all UAE businesses / Commercial activities
Individuals would be subject to Corporate Tax only if they have ongoing and regular business in UAE.

Non Applicability:

Individuals having income from salary/employment income shall not be subject to Corporate Tax. Also, dividends, capital gains and other income from owning shares/securities earned by Individuals in their capacity would not be subject to Corporate Tax.
Passive income of foreign investors i.e. dividends, capital gains, interest, royalties and other investment returns may not come under the purview of Corporate Tax.

CORPORATE TAX RATES

Income	Rate of Tax
Taxable income up to AED 375,000	0%
Taxable income above AED 375,000	9% (on portion of taxable income exceeding AED 375,000)
For large Multinationals (having consolidated business revenues in excess of EUR 750 Million/ AED 3.1 Billion)	A different Tax Rate. (As per the Guideline from OECD- Pillar 2 it will be minimum 15%)