faqs
Frequently AskedQuestions
Hedge Chartered Accountants Group Official FAQs
Hedge Chartered Accountants Group provides end-to-end accounting services including daily transaction recording, general ledger management, financial statement preparation in accordance with IFRS, management accounts (MIS), bank reconciliations, and payroll processing.
A UAE business must register for VAT if its taxable supplies and imports exceed AED 375,000 in the previous 12 months or are expected to exceed that threshold in the next 30 days. Voluntary registration is permitted if taxable turnover or expenses exceed AED 187,500.
UAE Corporate Tax applies to taxable business profits at a standard rate of 9% for net profits exceeding AED 375,000 (0% rate applies to profits up to AED 375,000). Qualifying Free Zone entities may benefit from 0% Corporate Tax on qualifying income provided compliance criteria are met.
Statutory audits are required for many mainland companies, free zone entities (e.g., ADGM, DIFC, DMCC, DAFZA), financial institution borrowing, trade license renewals, shareholder transparency, and ICV score verification.
The ICV program in the UAE measures a company's contribution to the local economy. Achieving an optimal ICV score enhances a business's eligibility and weightage when bidding for tenders issued by Abu Dhabi government entities, ADNOC, and participating partners.
Businesses must review their ERP and accounting software to ensure data mapping compliance with the UAE's Peppol-based E-Invoicing model, automate real-time XML data transmission, and integrate with accredited service providers before enforcement deadlines.
Yes, Pioneer Hedge Auditing & Tax Consulting is the registered auditing division of Hedge Chartered Accountants Group and operates as an FTA-approved Tax Agency (TAAN Registered), authorized to represent clients before the Federal Tax Authority.
Yes, Hedge Chartered Accountants Group operates branch offices in Dubai, Al Ain, Bahrain, and India, serving corporate clients, commercial groups, and SMEs across the GCC and internationally.