What are the common tax risks in retail?
High transaction volumes, daily cash handling, customer returns, seasonal discounts, promotional bundling, and multi-outlet inventory controls.
Retail: tax, VAT and accounting in the UAE
Retail shops, retail chains, shopping mall showrooms, franchise operators, and omnichannel consumer goods sellers.
What are the accounting issues?
Daily point-of-sale (POS) sales reconciliation, physical stock counts, payment-gateway settlements matching, and multi-outlet profitability reporting.
What are the VAT issues?
Point-of-sale tax coding accuracy, customer refunds, credit notes handling, and promotional voucher VAT adjustments.
What are the Corporate Tax issues?
Outlet-level profitability analysis, stock obsolescence provisions, and lease-related cost adjustments (IFRS 16).
What are the e-invoicing implications?
Point-of-sale and ERP integration, handling simplified tax invoices (STIs) for consumers versus full tax invoices for corporate buyers.
What does Regent do?
Regent aligns POS data, general ledger accounts, and VAT returns, delivering clear outlet-level performance and tax packs for management.