Virtuzone is pledging to get 10,000 companies tax-ready by giving away their Tax Ready package worth AED 5,000.
The Tax Ready package includes:
- Free tax registration - valued at AED 1,500
- Free 3 months’ accounting services - valued at AED 3,500
- No Penalties Guarantee – Virtuzone guarantee companies will not receive any penalties for compliance with corporate tax deadlines. Virtuzone will
- pay any penalties that a client might receive in accordance with the compliance guarantee terms and conditions.
Terms and conditions apply*
Find out more how to get tax ready for free at taxready.ae
Terms & Conditions:
- By taking up the virtuzone pledge offer, you agree to Virtuaccounts LLC registering you for UAE Corporate Tax with the UAE Federal Tax Authority. You agree to Virtuaccounts doing any or all of the following: Virtuaccounts LLC creating a profile on the FTA online portal (EMARA TAX) on your behalf using Virtuzone or Virtuaccounts email addresses and contact numbers; creating your taxable person profile under the Virtuaccounts LLC account profile on Emara Tax; Virtuaccounts LLC becoming your registered tax agent with the UAE Federal Tax Authority; Virtuzone and/or Virtuaccounts using a third party provider(s) to complete any or all of these tasks.
- Free pledge is not available to entities who already have a TRN number with the FTA.
- Free pledge is only available to entities with a financial reporting year (fiscal period) of 1-January to 31-December.
- Free accounting services are only provided on a cash-accounting basis, and will only include accounting of bank statements for up to 50 transactions per month, with profit and loss reporting provided based on the bank statements provided. You agree to provide all necessary information including but not limited to monthly bank statements within 10 days of the end of each month. Balance sheet accounts and Statements of Cash Flows will not be provided unless agreed. Free accounting will be provided for the months of October 2023, November 2023 and December 2023. The free Accounting is only provided on the basis that your first taxable period (under UAE Corporate Tax) is from 1-January-2024 to 31-December-2024, and that you are not taxable (under UAE Corporate Tax) during the period of October-2023 to December-2023. You agree that the free accounting service, and any reports produced from the free accounting service, will not be used for any purposes other than general internal information and will not be provided to any third party nor used as the basis for any information provided to any third party including but not limited to the UAE Federal Tax Authority. You agree that the free accounting service provided does not relate to any taxable period under UAE corporate tax, and therefore the data retention requirements of the UAE Corporate Tax laws do not apply to any data recorded or reports provided during the free accounting service.
- Tax compliance guarantee: Only applies to fines incurred for a.) late registration for UAE Corporate Tax and/or b.) late filing of UAE Corporate Tax annual return. Only applies for clients who take up paid services from 1-January-2024 onwards. Does not apply to any fines incurred prior to 1-Jan-2024, or for any fines incurred after an entity ceases to be a client of Virtuaccounts LLC. Does not include any fines incurred if a client is overdue on payment terms for any amounts owing to Virtuzone or Virtuaccounts LLC. You agree to provide all required information to Virtuzone and/or Virtuaccounts at least 45 (forty-five) days prior to any registration and/or filing deadline. If information is not received at least 45 (forty-five) days prior to the respective deadline, the compliance guarantee will be waived. Compliance guarantee does not include any fines relating to incorrect information provided by you to any of Virtuzone or its employees, Virtuaccounts LLC or its employees, the UAE Federal Tax Authority or its employees or agents, or any other entity and/or their employees. Compliance guarantee does not include any fines relating to Value Added Tax (VAT) regardless of whether Virtuaccounts LLC is your registered tax agent.