Understanding Legal vs. Beneficial Ownership for UAE Businesses

HLB HAMT Team

HLB HAMT - Accounting Firm in UAE

Phone:- +971 4 327 7775
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com

    Schedule a Consultation






    Are you a business owner or shareholder in the UAE seeking clarity on corporate tax obligations? Understanding the nuances of legal and beneficial ownership is important for ensuring compliance and optimizing tax strategies.

    In this article, we dive into the critical concepts of legal ownership and beneficial ownership within the context of UAE corporate tax law. By differentiating between these two and their implications, you can ensure proper tax assessment and avoid potential issues.

    Legal Ownership vs. Beneficial Ownership: What’s the Difference?

    At the heart of navigating corporate tax obligations lies the distinction between legal ownership and beneficial ownership. 

    • Legal ownership: Refers to the individual or entity whose name appears on the official documents of an asset, such as a property deed. This person holds the legal rights and responsibilities associated with the asset.
    • Beneficial ownership: Identifies the person or entity who ultimately enjoys the benefits of owning an asset, even if it’s not registered in their name. This includes receiving income generated by the asset and having control over its use.

    Example: Untangling Ownership in the UAE

    To grasp the practical implications of legal and beneficial ownership, consider a scenario common in the UAE corporate landscape. A company shareholder may hold legal ownership of a property, as evidenced by their name on the title deed. However, the company’s financial records reflect the asset as belonging to the entity, indicating that it is the beneficial owner, entitled to the income derived from the property.

    Why Does This Matter for UAE Corporate Tax?

    Distinguishing between legal and beneficial ownership is crucial for determining tax obligations in the UAE. Key considerations include:

    • Who records the asset: Depending on ownership, the asset is recorded either on the company’s books or the individual shareholder’s books.
    • Who is entitled to the income: The legal owner or the beneficial owner receives the income generated by the asset (rentals, sale proceeds, etc.).

    Tax Implications and Considerations

    Understanding the tax implications of legal and beneficial ownership is essential for devising effective tax strategies:

    • Individual vs. Corporate Taxation: If the shareholder, as a legal owner of a residential property, receives rental income, they might not be subject to corporate tax.
    • Company Taxation: When the same property is registered under the company’s books, any income from it becomes taxable for the company.

    Careful Assessment is Key

    A thorough evaluation is necessary to determine whether an asset should be recorded based on legal ownership or beneficial ownership for tax purposes. This can significantly impact your tax liability.

    Continued Learning and Expert Guidance

    Stay abreast of legal and beneficial ownership insights tailored to UAE corporate tax law by following our updates. For personalized guidance and comprehensive support in optimizing your tax strategies, don’t hesitate to reach out to us. Subscribe to our YouTube channel and connect with us on LinkedIn for regular updates and expert insights on navigating the intricacies of UAE corporate tax.

    In conclusion, exploring the intricacies of legal and beneficial ownership is indispensable for ensuring tax compliance and maximizing tax efficiency in the UAE corporate landscape. With a nuanced understanding of these concepts, businesses and shareholders can navigate tax obligations with confidence and clarity.

     

     

    Would you like to rate us on Google?         

     

    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
    RAVI CHOKSI
    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
    Maharajan Subramaniam
    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
    Mohammed L
    Mohammed L
    08:07 05 Jun 20
    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
    ROY ROSHAN VIVIAN
    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
    Basil Daniells
    Basil Daniells
    05:55 03 Jun 20
    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
    Amar Kashyap
    Amar Kashyap
    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
    Radz de Jesus
    Radz de Jesus
    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
    Next Reviews
    js_loader

    Explore the VAT Treatment of Bunkering Business in the UAE with our tax expert Mr. Jay Krishnan!

    HLB HAMT Team

    HLB HAMT - Accounting Firm in UAE

    Phone:- +971 4 327 7775
    WhatsApp:- +971 56 219 1607
    Email:- dubai@hlbhamt.com

      Schedule a Consultation






      Explore the VAT Treatment of Bunkering Business in the UAE with our tax expert Mr. Jay Krishnan!

      Dive into the intricate world of bunkering and VAT in the UAE with us! Learn how VAT impacts bunkering operations and stay informed on the latest regulations.

      Stay tuned for insights on the taxability and updates!

      Connect with our experts at tax@hlbhamt.com for personalized guidance

      Jay Krishnan is an audit & tax professional with more than 25 years of audit & tax and finance experience in United Arab Emirates and India. He is a Fellow member of Institute of Chartered Accountants of India (ICAI) and Cost and Management Accountants (CMA). A graduate from Calicut University, Kerala, India, Jay Krishnan has been in UAE since the year 2001 and had worked with reputed international firms in India and UAE. Being a fellow member of various professional bodies in UAE, Jay Krishnan has attended more than 700 hours of various international seminars and conferences in UAE and at international platforms. Jay Krishnan has served almost 1,500 clients in UAE in his career with HLB HAMT for various finance related services. Jay Krishnan heads the department of Taxation, which primarily covers CORPORATE TAX & VAT in UAE. He has provided expert guidance to approximately 600+ clients on various TAX related issues.

       

       

      Would you like to rate us on Google?         

       

      Varun R Chandra
      Varun R Chandra
      07:38 25 Apr 21
      HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
      Giuseppe Assi
      Giuseppe Assi
      06:20 31 Jan 21
      I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
      Mohamed Sheriff
      Mohamed Sheriff
      16:16 28 Jun 20
      Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
      218141 JOSEPH THOMAS
      218141 JOSEPH THOMAS
      16:20 23 Jun 20
      Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
      PMI
      PMI
      07:14 23 Jun 20
      In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
      RAVI CHOKSI
      RAVI CHOKSI
      08:28 21 Jun 20
      Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
      Maharajan Subramaniam
      Maharajan Subramaniam
      18:17 06 Jun 20
      High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
      Mohammed L
      Mohammed L
      08:07 05 Jun 20
      We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
      ROY ROSHAN VIVIAN
      ROY ROSHAN VIVIAN
      06:32 04 Jun 20
      Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
      Basil Daniells
      Basil Daniells
      05:55 03 Jun 20
      I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
      Amar Kashyap
      Amar Kashyap
      19:28 02 Jun 20
      Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
      Radz de Jesus
      Radz de Jesus
      16:03 02 Jun 20
      We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
      Next Reviews
      js_loader

      Financial Statements and Audit Requirements for UAE Corporate Tax

      HLB HAMT Team

      HLB HAMT - Accounting Firm in UAE

      Phone:- +971 4 327 7775
      WhatsApp:- +971 56 219 1607
      Email:- dubai@hlbhamt.com

        Schedule a Consultation






        According to corporate tax regulations, financial statements and audit requirements stand as the pillars defining fiscal transparency and accountability. As businesses navigate the complex terrain of the
        UAE’s corporate tax
        landscape, understanding the nuances between accounting standards and audit mandates becomes paramount.

        Today, in partnership with HLB HAMT, we embark on a journey to unravel the intricacies of financial reporting and auditing obligations, shedding light on the divergent paths paved by various standards and regulations.

        Understanding Accounting Standards for Corporate Tax

        The taxable income of a business in the UAE is determined based on financial statements prepared according to specific accounting standards accepted in the UAE for corporate tax purposes. These can be:


        • International Financial Reporting Standards (IFRS)
          : The most comprehensive set of accounting standards globally.
        • International Financial Reporting Standards for Small and Medium Entities (IFRS for SMEs): A simplified version of IFRS designed for smaller businesses.

        Key Differences Between IFRS and IFRS for SMEs

        • Capitalization of Interest:

          Under full IFRS, borrowing costs can be capitalized if they relate to the acquisition, construction, or production of a qualifying asset. However, IFRS for SMEs mandates the immediate expensing of all interest, leaving no room for capitalization.

        • Investment in Associates:

          While full IFRS adheres strictly to the equity method for accounting investment in associates, IFRS for SMEs offers flexibility, allowing entities to choose between the cost model, equity method, or fair value through profit and loss.

        • Research and Development Costs:

          IFRS delineates between research and development costs, permitting the capitalization of the latter under specific criteria. Conversely, IFRS for SMEs mandates the immediate expensing of all research and development costs, fostering a more conservative approach.

        • Lease Accounting and Financial Instruments:

          The adoption of
          IFRS 16
          and IFRS 9 brings substantial changes to lease accounting and financial instruments under full IFRS. However, these alterations are not mirrored in IFRS for SMEs, creating disparities in treatment.

        Choosing Your Path: When is an Audit Mandatory?

        While IFRS for SMEs offers more flexibility, it shouldn’t be the default choice for corporate tax purposes. Businesses with a tax period revenue exceeding AED 50 million must use full IFRS for their financial statements.

        Audit Requirements for Corporate Tax

        Audits are mandatory for:

        • Qualifying Free Zone Persons under corporate tax regulations.
        • Taxable persons with a turnover exceeding AED 15 million during the tax period.

        However, an audit is still highly recommended for all businesses, regardless of turnover, to ensure accuracy and compliance.

        Tax Groups and Audit Requirements

        For tax groups (multiple entities under one taxable person), if the combined group turnover exceeds AED 50 million, an audit becomes mandatory even if individual entity turnovers are below the threshold.

        Cash Basis Accounting for Small Businesses

        Businesses with an annual turnover below AED 3 million have the option to use the cash basis of accounting for tax purposes. This simplifies bookkeeping by recording income and expenses only when cash is received or paid.

        Conclusion

        Understanding financial statement requirements and audit obligations under UAE Corporate Tax is crucial for businesses of all sizes. As businesses traverse the complexity of corporate tax regulations, HLB HAMT stands as a beacon of expertise, offering tailored solutions and strategic guidance.

        For any related assistance or queries, call our experts at +971 4 327 7775 or email tax@hlbhamt.com to schedule a consultation.

         

         

        Would you like to rate us on Google?         

         

        Varun R Chandra
        Varun R Chandra
        07:38 25 Apr 21
        HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
        Giuseppe Assi
        Giuseppe Assi
        06:20 31 Jan 21
        I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
        Mohamed Sheriff
        Mohamed Sheriff
        16:16 28 Jun 20
        Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
        218141 JOSEPH THOMAS
        218141 JOSEPH THOMAS
        16:20 23 Jun 20
        Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
        PMI
        PMI
        07:14 23 Jun 20
        In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
        RAVI CHOKSI
        RAVI CHOKSI
        08:28 21 Jun 20
        Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
        Maharajan Subramaniam
        Maharajan Subramaniam
        18:17 06 Jun 20
        High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
        Mohammed L
        Mohammed L
        08:07 05 Jun 20
        We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
        ROY ROSHAN VIVIAN
        ROY ROSHAN VIVIAN
        06:32 04 Jun 20
        Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
        Basil Daniells
        Basil Daniells
        05:55 03 Jun 20
        I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
        Amar Kashyap
        Amar Kashyap
        19:28 02 Jun 20
        Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
        Radz de Jesus
        Radz de Jesus
        16:03 02 Jun 20
        We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
        Next Reviews
        js_loader

        Understanding Foreign Tax Credit in the UAE’s Corporate Tax Framework

        HLB HAMT Team

        HLB HAMT - Accounting Firm in UAE

        Phone:- +971 4 327 7775
        WhatsApp:- +971 56 219 1607
        Email:- dubai@hlbhamt.com

          Schedule a Consultation






          Businesses operating in the UAE with foreign income may face double taxation concerns with the recent implementation of corporate tax. This article explores the concept of foreign tax credit (FTC) within this framework, explaining how it can be a valuable tool to mitigate such situations. We’ll delve into how FTC works, its benefits, and key considerations for businesses to maximize this tax advantage.

          Addressing Double Taxation:

          The UAE corporate tax law offers specific exemptions for companies earning income outside the country. These exemptions are categorized as participation exemption and foreign permanent establishment exemption. However, certain foreign income might fall outside the purview of these exemptions.

          Foreign Tax Credit as a Relief Mechanism:

          The FTC mechanism provides a solution for situations where foreign income is not covered by the aforementioned exemptions. Let’s illustrate this with an example:

          • A UAE company generates income from Saudi Arabia (KSA).
          • KSA levies a withholding tax on specific types of income earned by non-residents.
          • This translates to a UAE company incurring KSA tax on its income derived from KSA.

          The Implication of Corporate Tax:

          With the introduction of corporate tax in the UAE, the UAE company would also be subject to tax on the income earned in KSA. This scenario creates a situation of double taxation on the same income source.

          Mitigating Double Taxation through FTC:

          The foreign tax credit mechanism comes into play here. The tax deducted by the KSA government can be claimed as a credit against the UAE corporate tax liability. This effectively reduces the UAE tax burden, preventing double taxation on the same income.

          Key Considerations for Businesses:

          • Assessing Foreign Tax Credit Potential: Companies in the UAE should possess the capability to determine the amount of foreign tax credit they can claim.
          • Documentation Requirements: Maintaining proper documentation pertaining to foreign taxes paid is crucial for claiming the credit.

          Seeking Professional Guidance with HLB HAMT!

          For companies seeking assistance in navigating the intricacies of foreign tax credit and ensuring optimal utilisation of this tax benefit, consulting with qualified tax professionals is recommended.

          Contact HLB HAMT experts at +971 4 327 7775 or email tax@hlbhamt.com to schedule a consultation.

           

           

          Would you like to rate us on Google?         

           

          Varun R Chandra
          Varun R Chandra
          07:38 25 Apr 21
          HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
          Giuseppe Assi
          Giuseppe Assi
          06:20 31 Jan 21
          I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
          Mohamed Sheriff
          Mohamed Sheriff
          16:16 28 Jun 20
          Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
          218141 JOSEPH THOMAS
          218141 JOSEPH THOMAS
          16:20 23 Jun 20
          Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
          PMI
          PMI
          07:14 23 Jun 20
          In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
          RAVI CHOKSI
          RAVI CHOKSI
          08:28 21 Jun 20
          Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
          Maharajan Subramaniam
          Maharajan Subramaniam
          18:17 06 Jun 20
          High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
          Mohammed L
          Mohammed L
          08:07 05 Jun 20
          We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
          ROY ROSHAN VIVIAN
          ROY ROSHAN VIVIAN
          06:32 04 Jun 20
          Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
          Basil Daniells
          Basil Daniells
          05:55 03 Jun 20
          I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
          Amar Kashyap
          Amar Kashyap
          19:28 02 Jun 20
          Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
          Radz de Jesus
          Radz de Jesus
          16:03 02 Jun 20
          We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
          Next Reviews
          js_loader

          Deferred Tax Decoded: Unveiling Its Impact on Your Financial Statements

          HLB HAMT Team

          HLB HAMT - Accounting Firm in UAE

          Phone:- +971 4 327 7775
          WhatsApp:- +971 56 219 1607
          Email:- dubai@hlbhamt.com

            Schedule a Consultation






            Have you ever noticed a curious mismatch between your company’s accounting profits and taxable profits? This stems from differences between accounting rules and tax laws in how they treat certain items. This is where deferred tax steps in, bridging the gap and reflecting the future tax implications of these temporary differences. It’s like wearing x-ray glasses, revealing the true financial picture underneath.

            HLB HAMT demystifies this intricate concept, equipping you with actionable insights and expert guidance.

            Real-World Illustrations:

            • Fair Value of Investment Property: Imagine your company valuing an investment property based on current market value for tax purposes (a “realization base”). If the value increases, you record a gain in your books, but the taxman holds off until you sell. This creates a deferred tax liability – a future tax bill waiting to happen. But what if the value drops? It’s the opposite effect, resulting in a deferred tax asset, a potential future tax deduction.
            • Interest Expense Deductions: Tax laws often limit the amount of interest expense you can deduct. You record the full amount in your accounts, but only a portion is deductible. This disparity creates another deferred tax asset, representing a future tax benefit.

            Empowering Your Company:

            • Identify Deferred Tax Items: Scrutinize your financial statements to pinpoint areas with temporary differences that might give rise to deferred tax assets or liabilities.
            • Assess Opening Balances: If your company has been operating, review existing “deferred tax accounts” and understand their origins.
            • Document Calculations: Maintain detailed records of your calculations to track how these amounts change over time, ensuring transparency and clarity.
            • Make Disclosures: As per International Accounting Standard (IAS) 12, disclose relevant information about your deferred tax liabilities and assets in your financial statements.

            Why Does Deferred Tax Matter?

            • Accurate Financial Picture: Deferred tax ensures your financial statements reflect the true tax implications of your business decisions, enhancing their credibility for stakeholders.
            • Informed Decision-Making: Understanding future tax liabilities and assets empowers you to make informed financial decisions with a comprehensive view of your tax obligations.

            HLB HAMT: Your Trusted Partner

            Feeling lost in the world of deferred tax complexities? Worry not! HLB HAMT’s team of tax experts is here to illuminate the path. Contact us today for a consultation and navigate the world of deferred tax with confidence.

            Stay Informed: Follow us on YouTube and LinkedIn for regular updates on tax developments. Let’s journey towards tax efficiency and expertise together!

             

             

            Would you like to rate us on Google?         

             

            Varun R Chandra
            Varun R Chandra
            07:38 25 Apr 21
            HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
            Giuseppe Assi
            Giuseppe Assi
            06:20 31 Jan 21
            I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
            Mohamed Sheriff
            Mohamed Sheriff
            16:16 28 Jun 20
            Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
            218141 JOSEPH THOMAS
            218141 JOSEPH THOMAS
            16:20 23 Jun 20
            Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
            PMI
            PMI
            07:14 23 Jun 20
            In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
            RAVI CHOKSI
            RAVI CHOKSI
            08:28 21 Jun 20
            Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
            Maharajan Subramaniam
            Maharajan Subramaniam
            18:17 06 Jun 20
            High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
            Mohammed L
            Mohammed L
            08:07 05 Jun 20
            We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
            ROY ROSHAN VIVIAN
            ROY ROSHAN VIVIAN
            06:32 04 Jun 20
            Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
            Basil Daniells
            Basil Daniells
            05:55 03 Jun 20
            I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
            Amar Kashyap
            Amar Kashyap
            19:28 02 Jun 20
            Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
            Radz de Jesus
            Radz de Jesus
            16:03 02 Jun 20
            We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
            Next Reviews
            js_loader

            POEM: Your Compass to UAE Corporate Tax Residency

            HLB HAMT Team

            HLB HAMT - Accounting Firm in UAE

            Phone:- +971 4 327 7775
            WhatsApp:- +971 56 219 1607
            Email:- dubai@hlbhamt.com

              Schedule a Consultation






              For savvy business owners, exploring the corporate tax landscape can be a daunting process. Enter Place of Effective Management (POEM), a game-changer in determining your company’s true tax residency. This crucial concept, outlined by the OECD, plays a pivotal role in determining where your company truly resides for tax purposes.

              HLB HAMT breaks down this intricate concept to guide you towards smooth compliance and strategic decisions. While businesses wear various management hats, only one qualifies as the true POEM. The distinction between “management” and “effective management” is crucial.

              A Real-World Scenario: Imagine ABC LLC, a UAE-based company with a subsidiary in KSA. Both entities boast dedicated teams handling daily operations and support functions. While both have management structures, the true POEM resides where critical strategic and financial decisions are made, alongside substantial involvement in everyday operations. This location dictates the POEM and, consequently, tax residency.

              Decoding the Example: If key decisions for both companies primarily occur in the UAE, the KSA entity becomes a “resident person” in the UAE according to Article 11(3)(b) of the UAE Corporate Tax Law. This essentially means the KSA company falls under the UAE tax umbrella.

              Tax Implications Unveiled: As a UAE resident, the KSA company must register and potentially file tax returns. However, tax treaties between UAE and KSA may offer adjustments to avoid double taxation.

              Why POEM Matters:

              • Precise Tax Registration: Registering at the right place avoids legal and financial hassles.
              • Enhanced Compliance: Adhering to regulations minimizes disputes with tax authorities.
              • Confidence and Clarity: Operate with peace of mind, knowing your tax obligations are met.

              Unsure about your company’s POEM and its implications? HLB HAMT is here to guide you! Contact us for a personalized consultation and navigate the tax landscape with ease.

              Stay Informed: Follow us on YouTube and LinkedIn for regular updates on POEM and other tax developments. Let’s journey towards tax efficiency and expertise together!

               

               

              Would you like to rate us on Google?         

               

              Varun R Chandra
              Varun R Chandra
              07:38 25 Apr 21
              HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
              Giuseppe Assi
              Giuseppe Assi
              06:20 31 Jan 21
              I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
              Mohamed Sheriff
              Mohamed Sheriff
              16:16 28 Jun 20
              Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
              218141 JOSEPH THOMAS
              218141 JOSEPH THOMAS
              16:20 23 Jun 20
              Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
              PMI
              PMI
              07:14 23 Jun 20
              In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
              RAVI CHOKSI
              RAVI CHOKSI
              08:28 21 Jun 20
              Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
              Maharajan Subramaniam
              Maharajan Subramaniam
              18:17 06 Jun 20
              High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
              Mohammed L
              Mohammed L
              08:07 05 Jun 20
              We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
              ROY ROSHAN VIVIAN
              ROY ROSHAN VIVIAN
              06:32 04 Jun 20
              Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
              Basil Daniells
              Basil Daniells
              05:55 03 Jun 20
              I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
              Amar Kashyap
              Amar Kashyap
              19:28 02 Jun 20
              Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
              Radz de Jesus
              Radz de Jesus
              16:03 02 Jun 20
              We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
              Next Reviews
              js_loader

              HLB HAMT Talks: Navigating the 0% Tax Advantage for Free Zone Companies

              February 8, 2024

              HLB HAMT - Accounting Firm in UAE

              Phone:- +971 4 327 7775
              WhatsApp:- +971 56 219 1607
              Email:- dubai@hlbhamt.com

                Schedule a Consultation






                The introduction of the UAE corporate tax law has caused uncertainty for free zone companies, which previously enjoyed a 0% tax advantage. This talk by HLB HAMT clarifies the conditions necessary for free zone companies to maintain their 0% tax status and offers insights into navigating the new regulations.

                To qualify for the 0% tax advantage, free zone companies must meet four key conditions which is stated in the law:

                1. Understanding Adequate Substance

                  The level of required substance varies depending on company size, industry, and revenue. Key factors include:

                  • Adequate qualified and experienced staff
                  • A physical Office Space
                  • Incurring operating expenditure aligned with core income-generating activities.
                2. Earning a Qualifying Income

                  Carefully assess your customer base whether a free zone person or non-free zone person to determine if your income qualifies for the 0% tax rate.

                3. Transfer Pricing Compliance

                  Free zone companies conducting transactions with related parties must comply with arm’s length principle and prepare transfer pricing documentation as per UAE regulations.

                4. De Minimis Requirement

                  Closely monitor your non-qualifying income to ensure it stays below the de minimis threshold to avoid losing the “Qualifying Free Zone Person” status and its associated tax benefits.

                Conclusion:

                Corporate tax landscape for free zone companies demands a nuanced understanding of conditions and compliance. To gain a deeper insight into your specific situation, we invite you to connect with our experts at tax@hlbhamt.com. Our team at HLB HAMT is committed to helping you navigate the complexities of UA corporate tax, ensuring your company maximizes its tax advantage while staying in compliance with the regulations.

                HLB HAMT’s experienced professionals can guide your free zone company through this process and help you achieve optimal tax efficiency. For personalized guidance and in-depth insights, contact HLB HAMT today.

                Follow us on YouTube and LinkedIn for further updates and expert discussions.

                UAE Corporate Tax Law – HLB HAMT Webinar

                December 28, 2022

                HLB HAMT - Accounting Firm in UAE

                Phone:- +971 4 327 7775
                Mobile:- +971 50 677 5860
                WhatsApp:- +971 56 219 1607
                Email:- dubai@hlbhamt.com

                  Schedule a Consultation






                  The release of the Corporate Tax law signifies a significant change in the UAE’s current economic environment. In this webinar, the tax committee of HLB HAMT explains the nuances of recently issued corporate tax law.

                   

                  Would you like to rate us on Google?         

                   

                  Varun R Chandra
                  Varun R Chandra
                  07:38 25 Apr 21
                  HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                  Giuseppe Assi
                  Giuseppe Assi
                  06:20 31 Jan 21
                  I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                  Mohamed Sheriff
                  Mohamed Sheriff
                  16:16 28 Jun 20
                  Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                  218141 JOSEPH THOMAS
                  218141 JOSEPH THOMAS
                  16:20 23 Jun 20
                  Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                  PMI
                  PMI
                  07:14 23 Jun 20
                  In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                  RAVI CHOKSI
                  RAVI CHOKSI
                  08:28 21 Jun 20
                  Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                  Maharajan Subramaniam
                  Maharajan Subramaniam
                  18:17 06 Jun 20
                  High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                  Mohammed L
                  Mohammed L
                  08:07 05 Jun 20
                  We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                  ROY ROSHAN VIVIAN
                  ROY ROSHAN VIVIAN
                  06:32 04 Jun 20
                  Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                  Basil Daniells
                  Basil Daniells
                  05:55 03 Jun 20
                  I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                  Amar Kashyap
                  Amar Kashyap
                  19:28 02 Jun 20
                  Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                  Radz de Jesus
                  Radz de Jesus
                  16:03 02 Jun 20
                  We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
                  Next Reviews
                  js_loader

                  Corporate Tax in UAE Updates

                  December 19, 2022

                  HLB HAMT - Accounting Firm in UAE

                  Phone:- +971 4 327 7775
                  Mobile:- +971 50 677 5860
                  WhatsApp:- +971 56 219 1607
                  Email:- dubai@hlbhamt.com

                    Schedule a Consultation






                    The Federal Decree-Law No. 47 of 2022, released by the Ministry of Finance of the United Arab Emirates (UAE), establishes the legal framework for corporate tax on business profits in the UAE. In this video, HLB HAMT’s Tax Partner, Mr. Jay Krishnan shares updates on corporate taxes in the UAE.

                    Enjoy the session, offer your thoughts, and be sure to follow our channel for regular updates.

                     

                    Would you like to rate us on Google?         

                     

                    Varun R Chandra
                    Varun R Chandra
                    07:38 25 Apr 21
                    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                    Giuseppe Assi
                    Giuseppe Assi
                    06:20 31 Jan 21
                    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                    Mohamed Sheriff
                    Mohamed Sheriff
                    16:16 28 Jun 20
                    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                    218141 JOSEPH THOMAS
                    218141 JOSEPH THOMAS
                    16:20 23 Jun 20
                    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                    PMI
                    PMI
                    07:14 23 Jun 20
                    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                    RAVI CHOKSI
                    RAVI CHOKSI
                    08:28 21 Jun 20
                    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                    Maharajan Subramaniam
                    Maharajan Subramaniam
                    18:17 06 Jun 20
                    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                    Mohammed L
                    Mohammed L
                    08:07 05 Jun 20
                    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                    ROY ROSHAN VIVIAN
                    ROY ROSHAN VIVIAN
                    06:32 04 Jun 20
                    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                    Basil Daniells
                    Basil Daniells
                    05:55 03 Jun 20
                    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                    Amar Kashyap
                    Amar Kashyap
                    19:28 02 Jun 20
                    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                    Radz de Jesus
                    Radz de Jesus
                    16:03 02 Jun 20
                    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
                    Next Reviews
                    js_loader

                    IFRS 16 Accounting for Leases

                    December 7, 2022

                    HLB HAMT - Accounting Firm in UAE

                    Phone:- +971 4 327 7775
                    Mobile:- +971 50 749 0576
                    WhatsApp:- +971 56 219 1607
                    Email:- dubai@hlbhamt.com

                      Schedule a Consultation






                      In this short video, our Audit & Assurance partner Nithin N. K. will provide some insights on IFRS 16 (accounting for leases), which includes details on lease modification, the distinction between lease reassessment and modification, and much more.

                      After watching the video, please share your feedback and subscribe to our channel for regular updates.

                       

                      Would you like to rate us on Google?         

                       

                      Varun R Chandra
                      Varun R Chandra
                      07:38 25 Apr 21
                      HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                      Giuseppe Assi
                      Giuseppe Assi
                      06:20 31 Jan 21
                      I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                      Mohamed Sheriff
                      Mohamed Sheriff
                      16:16 28 Jun 20
                      Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                      218141 JOSEPH THOMAS
                      218141 JOSEPH THOMAS
                      16:20 23 Jun 20
                      Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                      PMI
                      PMI
                      07:14 23 Jun 20
                      In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                      RAVI CHOKSI
                      RAVI CHOKSI
                      08:28 21 Jun 20
                      Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                      Maharajan Subramaniam
                      Maharajan Subramaniam
                      18:17 06 Jun 20
                      High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                      Mohammed L
                      Mohammed L
                      08:07 05 Jun 20
                      We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                      ROY ROSHAN VIVIAN
                      ROY ROSHAN VIVIAN
                      06:32 04 Jun 20
                      Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                      Basil Daniells
                      Basil Daniells
                      05:55 03 Jun 20
                      I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                      Amar Kashyap
                      Amar Kashyap
                      19:28 02 Jun 20
                      Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                      Radz de Jesus
                      Radz de Jesus
                      16:03 02 Jun 20
                      We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
                      Next Reviews
                      js_loader
                      Get in touch
                      x
                      x

                      Share to:

                      Copy link:

                      Copied to clipboard Copy