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.
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…
We are registered with the following free zones and can help you with business registration and setup at these free zones.
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:
| 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%) |
With the implementation of VAT in the UAE from 1 January 2018, the supply of goods and services in the State will be subject to
Due Tax for a Tax Period Article (53) Calculation of Payable Tax The Payable Tax for any Tax Period shall be calculated as being equal
All UAE taxpayers should file VAT returns with the Federal Tax Authority (FTA) on a quarterly basis. Returns must be filed according to the procedures specified in the VAT legislation, within 28 days from the
VAT is implemented across UAE from 1st January 2018. In this article, we will discuss the UAE VAT Registration Process in detail. Thresholds for UAE
Pursuant to UAE laws and RAKEZ Companies Regulations, please be informed that all RAKEZ licensed companies will now be required to submit audited financial statements
APPLICATION GUIDELINE COMPLIANCE SERVICES – SUBMISSION OF AUDITED FINANCIAL STATEMENTS According to the implementing regulations, a DMCC Member Company has to upload the auditor’s signed
We are a firm of Chartered Accountants, Auditors, and Consultants registered in Dubai and associate offices in Bahrain and India, with over 35 years of international experience in the field of Audit and Assurance Services.
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