ANIL KUMAR Auditing LLC

24/07/2026

DMCC AUDIT SUBMISSION DEADLINE EXTENDED

Attention DMCC-Registered Companies
The deadline to submit audited financial statements through the DMCC Member Portal has been extended to 27 September 2026 for the financial year ended 31 December 2025.
Important Information:
✅ Every DMCC-licensed company must submit audited financial statements within the prescribed deadline.
✅ The audit must be conducted by a UAE-licensed auditor.
✅ Financial statements must be prepared in accordance with IFRS or IFRS for SMEs.
✅ There are no exemptions based on company size—even dormant companies are required to submit audited financial statements.
⏳ New Submission Deadline: 27 September 2026
We are pleased to inform you that AUDITING LLC ,is a -approved audit firm authorized to conduct audits for DMCC member companies. Our experienced team can assist you in completing your audit and ensuring the timely submission of your audited financial statements in compliance with DMCC requirements, while offering high-quality services at an affordable cost.
To avoid last-minute delays, we recommend initiating the audit process as early as possible.
What are the qualifications required for an auditor to conduct a DMCC audit?
The auditor must be licensed in the UAE, registered with the Ministry of Economy, and included in the DMCC Approved Auditors List.
Do companies also need to comply with DMCC annual filing requirements?
Yes. Dormant companies are still required to file either audited financial statements or a dormancy declaration, as applicable.
How are group companies required to file their audited financial statements?
Each DMCC-registered entity within a group must submit its filing separately.
How should audited financial statements be submitted to DMCC?
Audited financial statements must be submitted electronically through the DMCC Member Portal. requirements

14/07/2026

How can I check whether my company is eligible for a penalty waiver?One-Click check-practical example

Link is in the comment box .
is there a simple way to check whether I am for a waiver of the Tax late registration penalty?Yes. The FTA has provided an online tool to help businesses check whether they qualify for a waiver of the Corporate Tax late registration penalty.What details are required?You only need the following information:• Company formation (license issuance) date• Financial yearIt is very simple. Open the FTA link and enter your company formation date and financial year to check your eligibility.Below is the link, along with a practical example showing how to check your eligibility for the penalty waiver.ExampleQuestion:My company license was issued on 1 July 2024, and my financial year runs from 1 January to 31 December. Am I eligible for a waiver of the late Corporate Tax registration penalty?Answer:Yes. You can qualify for the penalty waiver if you submit your Corporate Tax return before 31 July 2026. This is because the due date for filing the tax return for the first tax period, from 1 July 2024 to 31 December 2025, is 30 September 2026.Step-by-Step ExampleFollow the steps below to check your eligibility for the penalty waiver using the FTA's online eligibility checker.First -Open the FTA website www.tax.gov.aeTap search button Type inside the search column Tax Late Registration Penalty Waiver.Tap search again. then you will get the option as belowcorporate tax late registration penalty waiver eligibility check.Tap corporate tax late registration penalty waiver eligibility checkthen you will get the below screen to enter the establishment (company) formation date and the financial year.Complete the required field by entering establishment formation date and financial yearComplete the CAPTCHA and click Calculate.You will receive the exact details of whether you are eligible for the penalty waiver, along with the last date for submitting the Corporate Tax return, as shown below.Please note: Once we submit your Corporate Tax return before the due date, the penalty waiver will be automatically. There is no need to submit a separate application.
Anil kumar

13/07/2026

06/06/2026

HOW TO APPLY REVERSE CHARGE MECHANISM ON METAL SCRAP TRADING / VAT 5% APPLY ON MET SCRAP TRADING ?

Recently, we have been receiving many enquiries regarding the charge mechanism related to metal scrap trading.
Below, we explain in detail the process of metal scrap trading from the perspective of both the buyer and the seller.
Usually, there are two parties involved in normal trading:
Buyer and Seller
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From the Seller’s Side
There are two treatments:
• Treatment 1:
If the seller is selling to a VAT-registered buyer, the supplier does not charge VAT or report output VAT.
Treatment 2:
If the seller is selling to an unregistered buyer, the seller must charge 5% VAT.
In general, VAT is not charged on scrap sales under the reverse charge mechanism, but the transaction must still be reported in the FTA VAT return. Therefore, scrap can be sold without VAT, subject to certain conditions.
What are the conditions?
1. The seller must collect a declaration from the buyer confirming that the scrap is being purchased for the purpose of resale, manufacturing, or reproduction etc..
2. The buyer must be a VAT-registered person in the UAE.
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From the Buyer’s Side
The buyer is required to record the transaction under the reverse charge mechanism.
What is the reverse charge mechanism?
It means that the buyer is responsible for accounting for VAT instead of the seller. The buyer must calculate VAT on the purchase, but no VAT is paid to the seller.
From an accounting perspective, the buyer should record both output VAT and input VAT, which will offset each other, resulting in a nil VAT impact, subject to eligibility.

27/05/2026

Eid Mubarak🥰

30/04/2026

WE ARE HIRING!

INTERNAL / STATUTORY AUDITOR – UAE (3 Vacancies)
for our Dubai and Sharjah offices
Qualifications:
CA Inter with 2 years of audit experience, or
CA Qualified (Freshers may apply), or
M.Com or B. Com with 2 years of audit experience

How to Apply:
Send your CV to: [email protected]