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Showing posts from March, 2019

Introduction of VAT in UAE and its Implementation

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Gulf countries have decided to implement taxation as part of the governments' efforts to diversify revenues in the context of sharp decline in oil prices. The International Monetary Fund has been recommending fiscal consolidation in the Gulf Cooperation Council through diversification of government revenues and reduction of subsidies. New initiative to provide the country with a new source of income, the UAE government introduced VAT, from January 1 st , 2018 .  Before Implementation of VAT the country was highly dependent on oil and other hydrocarbons, now with the implementation of VAT, this is expected to change. VAT will be charged at a flat rate of 5 percent. Companies whose turnover fall between Dh1.87 million and Dh3.75 million will have the option to register for VAT during the first phase of the VAT implementation. Optional threshold limit is AED 187,500 per year. Indian Muneem knows from experience that companies need assistance suitably for VAT imple

Accounting Outsourcing and its Benefits

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INDIAN MUNEEM(IM) is a dedicated arm of ( Aggarwal Raman & Associates)- a firm of Chartered Accountants (Indian CPA) which is one of India´s leading accounting outsourcing service provider since 2000 that offers end-to-end bookkeeping, accounting, Payroll Management, and Tax Outsourcing Services and solutions across all sectors and across the Globe particularly for USA, Canada, UK, Australia and New Zealand, UAE etc.  Aggarwal Raman & Associates (ARA) is a firm of Chartered Accountants /CPA setup by India’s eminent chartered accountant Raman Aggarwal that offers a wide spectrum of services and solutions – Accounts and Finance, Audit, Tax, Regulatory Compliances, Legal, and Advisory Services as “ONE STOP SHOP”. Outsource all your accounting needs to Indian Muneem and give new direction to your business. When you outsource accounting and bookkeeping, you have at your disposal a full team of expert and experienced accountants and bookkeepers, so your service delivery ca

Bookkeeping Outsourcing Company

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To maintain your accounting records up-to-date often is a time-intensive and an expensive practice for almost any business, rendering little apparent added value. Are you facing problems in understanding where your money is going? Do you happen to be putting in hours of your precious time and efforts handling the books? Let our team at Indian Muneem help save your time, effort and money, while also minimizing your financial pressure by means of our outsourced bookkeeping services. Indian Muneem (…Believer of simple and smart accounting) is one of India´s leading accounting outsourcing service provider since 2000 that offers end-to-end bookkeeping Outsourcing Services . We at Indian Muneem have invested in the state-of-the-art technologies to provide you seamless bookkeeping outsourcing Company . Our advantage to you involves lowering of administration expenses, reassignment of workforce to concentrate on your primary business pursuits and the certainty that your account