HKMS Group

Tax & Compliance

HKMS manages your tax and other compliance

HKMS’s tax compliance and advisory methodology helps businesses manage their tax and other compliance workload while meeting deadlines.

Which of the best assistance

Suits Your Requirement:

Indirect Taxes

VAT

  • Registration, Amendments, Group Registrations & De Registration
  • Impact Analysis
  • Transaction Advisory
  • On Call Advisory
  • Monthly / Quarterly Compliance
  • Periodic Health Checks
  • Refund Application
  • Clarifications
  • Re Consideration
  • Penalty Appeals and Waivers
  • Administrative Exception
  • Tax Audit & Assessment Support

Excise Tax

  • Registration, Amendments, Group Registrations & De Registration
  • Impact Analysis
  • Transaction Advisory
  • On Call Advisory
  • Monthly Compliance
  • Periodic Health Checks
  • Refund Application
  • Clarifications Filing
  • Re Consideration Submissions
  • Penalty Appeals and Waivers
  • Administrative Exception
  • All Excise Products Registration
  • Digital Tax Stamps Registration and Compliance
  • Brand Sync Registration
  • Tax Audit & Assessment Support

Custom Duty

  • Customs Code Application, Amendments & Cancellation for all Emirates
  • Transaction Advisory
  • On Call Advisory
  • Monthly Compliance
  • Periodic Health Checks
  • Refund Application
  • Tax Audit & Assessment Support

Direct Taxes

Our team provides wide range of direct tax services which are as follows:

  • Tax Residency Certificate Application – Corporate
  • Tax Residency Certificate Application – Individuals
  • Corporate Tax Calculations and Analysis
  • Withholding Tax Calculations, Advisory and Analysis
  • Zakat Calculation, Advisory and Analysis

Economic substance regulation(ESR)

As part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group on Business Taxation, the UAE issued Economic Substance Regulations (Cabinet of Ministers Resolution No. 31 of 2019), (the “Regulations”) on 30 April 2019. Guidance on the application of the Regulations was issued on 11 September 2019 (Ministerial Decision No. 215 of 2019), and Cabinet Decision No. 58/2019 on the Determination of Regulatory Competencies lists the Regulatory Authorities tasked with the administration and enforcement of the Regulations. Amendments to the Regulations were made by Cabinet of Ministers Resolution No. (57) of 2020 on 10 August 2020, and updated Guidance was issued on 19 August 2020 (Ministerial Decision No. (100) of 2020 The Regulations require UAE onshore and free zone companies and certain other business forms that carry out any of the defined “Relevant Activities” listed below to maintain and demonstrate an adequate “economic presence” in the UAE relative to the activities they undertake (“Economic Substance Test”).  

Our experts who have already supported customers in UAE for ESR compliance can help companies in the following ways:

  • ESR Impact analysis
  • Notification filing 
  • ES Report preparation
  • ES Return filing, 
  • Documentation review and preparation

International taxation including double tax avoidance agreement

Global expats and multi national corporates who wants assistance in tax planning and structuring in order to comply and compare with minimum tax requirements and jurisdictions, get in touch with our advisors who can provide various countries tax details in order for customers to make effective decisions.

Country by country reporting:

Country by country reporting applies to multinational companies with combined foreign entities revenue and expenses. HKMS team can support in compliance and thorough verification in order to avoid make effective submissions with authorities

Our Core Values

The ethics that compel us to do our best

Client Focus

value for money

business ethics

Mutual respect & trust

innovation & speed

Experienced professionals

What features Audit and Assurance Service from HKMS offers which can help

In Growth of Your Company

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Deadlines

Business owners often have multiple filing, deposit, and payment deadlines. HKMS helps businesses determine which filing and payment schedules apply.

Documents

A lot of paperwork. Dispatch of data from employees to partner and owner. HKMS helps the company to get their documents complete.

Filing and Reporting

Tax compliance causes the April 15th rush. To file taxes, all taxpayers must report all taxable activity for the prior year. Businesses and owners must pay their taxes on time.

Record Keeping

Keeping the right records can help IRS tax lawyers if there is an audit or other tax issue. 

Testimonials

Industries we serve

Steel

trading

logistics

construction

manufacturing

fmcg

automobile

banking & finance

Fashion & apparel

E-Commerce & IT

Airport Operations

oil & gas

Mall & Hypermarkets

Education

shipping & maritime

real estate

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insurance

hospitality & tourism

healthcare

media & entertainement

Get in touch with your Account Executive

Your Growth Partner is just a Click Away

Whatever roadblock you find yourself in, we will get you to your destination.

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Numbers Speak

4
Offices
50
Employees
360
Clients
3
Countries
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At HKMS, we have worked with hundreds of business and understand the dynamics.

Contact us now!