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đźš©Corporate Tax Filing – Sep 2025 deadline | đźš©AED 10,000 penalty | Corporate Tax Payment – same as filing date | Late payment penalties daily | VAT Filing – Quarterly/Monthly | AED 1,000 first penalty | VAT Payment – Same day as filing | 2% immediate penalty | Audit Report Due – Within 6 months of year-end | Non-compliance fines | License Renewal – Before expiry | Trade license blocked | Economic Substance Report – Jun 2025 | AED 50,000 penalty | UBO Declaration – Annually | AED 100,000 penalty   |  
IQFA

Professional Services & Freelancers

A. Services We Offer
  • Income recognition & tax planning
  • Expense categorization
  • Project-based profitability
  • Freelance license bookkeeping
B. Industry Trends
  • Shifting from salaried to freelance models
  • Managing irregular income
  • Cost tracking per client/project
  • Annual compliance needs
C. Our Approach
  • Simple tools for invoice tracking
  • Expense snapshot for tax deductions
  • Cash flow overview reports
  • Quarterly performance summaries