What are the common tax risks in trading?
Import and export customs evidence, warehouse stock records integrity, valuation discrepancies, and margin pressure from unrecovered input tax.
Trading: tax, VAT and accounting in the UAE
Importers, exporters, general distributors, wholesale traders, and re-export houses operating through mainland and designated zones.
What are the accounting issues?
Inventory valuation methods (FIFO/Weighted Average), landed cost calculations, and periodic supplier and customer ledger reconciliations.
What are the VAT issues?
Zero-rating evidence validation for exports, reverse-charge mechanism treatment on imports of goods/services, and customs-to-VAT data reconciliation.
What are the Corporate Tax issues?
Cost of goods sold (COGS) support, related-party cross-border purchases, and free-zone qualifying vs. non-qualifying revenue streams.
What are the e-invoicing implications?
High transaction invoice volumes, multiple B2B and B2C customer types, and item-level tax coding compliance.
What does Regent do?
Regent reconciles customs declarations, warehouse stock records, and VAT returns, designing a repeatable and controlled monthly close process.