Jaxa Chartered Accountants

Jaxa Chartered Accountants JAXA Chartered Accountants is an ISO 9001-2015 certified firm of experienced Chartered Accountants We serve more than 1500+ clients across U.A.E.

Every business is different - but what every business needs are expert financial advice and accountancy. JAXA Chartered Accountants is an ISO 9001-2015 certified firm of experienced Chartered Accountants, auditors and specialist service teams offering a wide range of services including Auditing, Accounting, Feasibility studies and Management and Software Consultancy services tailored to client’s needs. Our head office is in Dubai with branch offices in Abu Dhabi, Jebel Ali, Sharjah. With practices throughout the UAE, we become experts in your business - helping you take control of finances, across every aspect of your company. Whilst we are qualified auditors, accountants and business advisers, what makes us different is our innovative, flexible and commercial approach. More than 75+ highly qualified and experienced professionals are available in our office to provide the greatest level of professionalism in all areas of Auditing, Accountancy, Business advice and Financial Planning. Our audit report is approved by banks in U.A.E. and we have authorized auditors for all the Free Trade Zones and other license issuing authorities in U.A.E. Wherever possible we aim to be of vital assistance to our clients. We work with like-minded people who challenge the process and make a difference. We follow International Accounting Standards/ International Financial Reporting Standards and committed to keeping the highest levels of professional standards and quality.

🚨 UAE VAT UPDATENew Input Tax Verification RulesEffective: 1 October 2026Businesses will need to pay closer attention to...
15/09/2026

🚨 UAE VAT UPDATE
New Input Tax Verification Rules

Effective: 1 October 2026

Businesses will need to pay closer attention to supplier and supply verification when claiming Input VAT.

⚠️ Important:
Input VAT may be denied where a transaction is found to be connected with tax evasion which a taxable person was/should have been aware of.

What Businesses Should Do

✅ Verify your suppliers
✅ Maintain proper tax invoices and supporting documents
✅ Ensure transactions are genuine and properly documented
✅ Review your VAT compliance procedures
✅ Keep adequate records to support Input VAT claims
📌 Stay Compliant. Protect Your Input VAT claim.

Review your VAT input claim process before 1 October 2026.

Big Relief for Small Businesses, SBR Extended till 2029!Small Business Relief (SBR) is designed to support eligible busi...
10/09/2026

Big Relief for Small Businesses, SBR Extended till 2029!

Small Business Relief (SBR) is designed to support eligible businesses by simplifying their Corporate Tax obligations.
Key Update:
📅 SBR Relief Extended until 31 December 2029

Eligible businesses will be subject to zero tax and simplified CT return.

Contact JAXA Chartered Accountants for expert assistance with your Corporate Tax matters.

How VAT Registration Thresholds Work for SMEs in the UAEMandatory Registration: AED 375,000If your taxable supplies exce...
08/09/2026

How VAT Registration Thresholds Work for SMEs in the UAE

Mandatory Registration: AED 375,000
If your taxable supplies exceed AED 375,000, VAT registration is mandatory.

Voluntary Registration: AED 187,500
Businesses with taxable supplies or taxable expenses of AED 187,500 or more may register for VAT voluntarily.

Benefits of VAT Registration
✓ Stay compliant with UAE VAT laws
✓ Avoid penalties
✓ Claim eligible input VAT
✓ Build trust with your customers

Need VAT Registration Assistance?

Contact JAXA Chartered Accountants for expert assistance

Welcoming New Talent to JAXA ✨We are delighted to welcome Ms. Arya P and Mr. Maneesh Mathew to the JAXA Chartered Accoun...
03/09/2026

Welcoming New Talent to JAXA ✨

We are delighted to welcome Ms. Arya P and Mr. Maneesh Mathew to the JAXA Chartered Accountants LLC family.

As JAXA continues to grow, we remain committed to building a strong team of professionals who bring fresh perspectives, expertise, and a shared commitment to excellence.

We look forward to Arya and Maneesh becoming an integral part of our journey and contributing to the continued success and growth of JAXA.

Welcome to the team, Arya & Maneesh.
Wishing you both a rewarding and successful journey with JAXA.

UAE VAT UPDATEFTA Public Clarification – VATP045 Concerned Goods: VAT TreatmentWho is affected?Taxable Persons importing...
03/09/2026

UAE VAT UPDATE

FTA Public Clarification – VATP045 Concerned Goods: VAT Treatment

Who is affected?
Taxable Persons importing Concerned Goods into the UAE on or before 31 December 2025.

Output VAT
Importing taxable person is obligated to account for Output VAT on imports under RCM.

Tax Invoices – Important Change
For imports prior to January 01, 2026, it is clarified that self-invoicing is not mandatory, if required documents are maintained. Earlier self-invoicing was a mandatory requirement.

Input VAT Recovery
Input VAT can be recovered to the extent the goods are used or intended for making Taxable Supplies, subject to meeting the input recovery conditions.

Keep Supporting Documents to be retained:
Overseas supplier invoice
Relevant UAE Customs declaration
Proper VAT records and reporting

✅ Ensure your VAT records and import documentation are complete and accurate.

UAE Corporate Tax: Treatment of Tax LossKey Points Tax losses can be carried forward indefinitely. Yearly offset limit...
01/09/2026

UAE Corporate Tax: Treatment of Tax Loss

Key Points

 Tax losses can be carried forward indefinitely.

 Yearly offset limited to 75% of taxable income in future periods.

 Losses incurred before Corporate Tax or related to exempt income cannot be carried forward/utilized.

 Losses may be restricted after a change of more than 50% ownership if the business activity itself changes.

 Tax losses can be transferred between qualifying UAE group companies, subject to specific conditions.

 Businesses claiming Small Business Relief is not eligible for Tax Loss relief.

Key takeaway: Businesses should regularly review their tax losses, ownership structure and future taxable profits to maximize available Corporate Tax benefits while staying compliant.

RAKEZ Audit Checklist 📋What is Reviewed During a RAKEZ Audit?A RAKEZ statutory audit reviews the company’s financial rec...
27/08/2026

RAKEZ Audit Checklist 📋
What is Reviewed During a RAKEZ Audit?

A RAKEZ statutory audit reviews the company’s financial records to ensure the financial statements are accurate, reliable, and prepared in accordance with IFRS.

Key Areas Reviewed

📊 Financial Statements
Balance Sheet, Profit & Loss, Changes in Equity & Cash Flows

📑 Supporting Documents
Bank statements, invoices, contracts & payroll records

🔍 Audit Evidence
Verification of transactions, balances & financial disclosures

📋 Auditor’s Report
Independent opinion on the financial statements

Compliance Areas

Corporate Tax
💰 VAT
🛡️ Corporate Tax
⚖️ IFRS

Stay Compliant. Strengthen Your Financial Reporting.

JAXA Chartered Accountants
Your Trusted Partner for RAKEZ Audit & Tax Compliance

Who Qualifies as a QFZP?A Qualifying Free Zone Person (QFZP) is a Free Zone business that meets UAE Corporate Tax requir...
26/08/2026

Who Qualifies as a QFZP?

A Qualifying Free Zone Person (QFZP) is a Free Zone business that meets UAE Corporate Tax requirements and can benefit from 0% Corporate Tax on Qualifying Income.
Key Requirements

🏢 Free Zone Presence
Established or registered in a UAE Free Zone.

👥 Economic Substance
Maintain adequate employees, assets, and activities in the Free Zone.

💰 Qualifying Income
Generate income that meets the prescribed qualifying conditions.

📊 Transfer Pricing
Comply with related-party and arm’s-length requirements.

📑 Audited Financial Statements
Maintain audited financial statements as required.

⚖️ De Minimis Limit
Non-qualifying income must not exceed the prescribed threshold.

0% Tax on Qualifying Income | 9% on Applicable Non-Qualifying Income

Stay Compliant. Protect Your QFZP Status.

JAXA Chartered Accountants
Your Trusted Partner for UAE Corporate Tax & Compliance

YOUR FINANCIAL STATEMENTS TELL THE STORY OF YOUR BUSINESS.Are you making decisions based on accurate financial informati...
20/08/2026

YOUR FINANCIAL STATEMENTS TELL THE STORY OF YOUR BUSINESS.

Are you making decisions based on accurate financial information?

Well-prepared financial statements help you understand:

✓ How your business is performing
✓ Where your money is going
✓ Your assets and liabilities
✓ Your actual financial position
✓ Areas that require attention
✓ Opportunities for future growth

Accurate numbers lead to better decisions.

Don’t just keep records. Understand what your numbers are telling you.

📩 Let our experts help you keep your financial information accurate and reliable.

Address

M17, Al Mozna Building, Al Qusais
Dubai
P.OBOX92363

Website

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