AKW TAX RECLAIM ACCOUNTING & CONSULTANCY

Tax Advisory & Consulting | Tax Procedure Follow Up – VAT Return |

Tax Refund & Reclaim Services | Accounting, Bookkeeping & Auditing
About Us

AKW TAX RECLAIM ACCOUNTING & CONSULTANCY

AKW Tax Reclaim Accounting & Consultancy is a specialist firm, head quartered in Dubai, UAE. The team
comprises of qualified Chartered Accountants, ex-bankers, tax industry experts, HR & Strategy consultants, and
FTA Qualified GCC Tax specialists specializing in the areas of Financial Accounting & Audit Services, Tax
Advisory, Governance, Risk & Compliance and Human Resource & Process Streamlining Strategy Consulting.

Mr. Faisal Ahmed heads the firm and brings in 19+ years of KPMG, PwC London and HSBC Global experience.
He has specialised in Financial Crime Compliance, Accounting & Taxation Services, Anti-Money Laundering &
Fraud Risk, Human Resource, People & Change Management.

AKW team works closely with the Client’s team to provide personalised support and acts as trusted business
advisor by bringing their global experience, specially working on Accounting, Tax, Financial Crime Compliance
and Regulatory projects in the UK, Middle-East and North Africa.

AKW group includes multiple trade licences required for various activities as Dubai Economic Department does not permit inclusion
of different activities within the same licence category. However, all contractual obligations are signed under AKW Tax Reclaim
Accounting & Consultancy licence acting as the contracting company across all engagements:
• Financial Services Compliance Risk and Governance assignments are conducted under Compliance Genetics Consulting licence
• HR and strategy consulting under AKW Global Consultancy licence
• Liquidation and Audit reports issued under S.O. Auditing and Accounting licence

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 Leadership Team
Faisal Ahmed, Managing Partner Era Arora, Director

Background Background

Faisal is a qualified Cha rte red Accountant and brings 19+ Era is an Economics graduate from Durham University in the UK. She
years of experie nce with Big4 firms in London & UAE. He is qualified with the UAE Federal Tax Authority as GCC Tax Specialist .
client focused, intuitive and analytical, acclaimed for She also holds CFE and ACAMS qualifica tion. He r key competencies
identifying , managing and mitigating Tax, Accounting, include Tax Strategy and Implementation, Financial Modelling, Risk
Regulatory, Pe ople & Change and Financial Crime risks across Mitigation Consulting, Tax Evasion Regulatory Reviews and
international borders. Accounting & Audit.

Relevant Experience Relevant Experience

►Faisal is a Britis h national
and ca rries expe rience for almos t two de cades with ►Era is a specialist in UAE VAT and in the last 18 m onths, she has helped 200+
Price Waterhouse Coopers in London, KPMG and HSBC Middle East. Currently, organisations in the UAE with des igning and impleme nting the UAE VAT framework. As a
Faisal is one of the leading VAT expe rts in the UAE, and is spea rheading the Director a t AKW, E ra heads a team of qualified Chartere d Accountants, UAE FTA
VAT success story a t AKW by helping make a numbe r of organisations in the Certified GCC Tax Specialists, Banking & AML Expe rts and Strategy Consultants. Era has
UAE VAT compliant through the provision of best services in VAT claim liability played an instrumental role develop Accounting, Tax, AML, Due Diligence , Fraud Risk,
computa tion, Taxation procedure follow up with the FTA on behalf of the HR, Change and Cost Streamlining Strategy framework for clients in UAE and Kuwait.
clients, leading accounting, auditing and bookkeeping practice.
►Era commands solid technical knowledge about VAT implications in the UAE, Global
►Backed by exte nsive industry e xperience and solid subject matte r knowledge, AML Regulations, Fraud Management and Regulatory framework. Her last 5 years
Faisal and his team aim to provide cos t effective personalized solutions for experie nce working on client projects across UK, Hong Kong, US, Canada , Philippines ,
businesses to timely comply with all tax reclaim and accounting related Egypt, Kuwait, Afghanistan, UAE, India, Thailand, and T urkey brings a diverse
requirements , while m inimiz ing costs and errors , reducing risk of pe nalties & international experience covering best practices from across the globe.
fines, streamlining procedures and optimizing cash flows.
►Era was deployed on a proje ct to the Global Banking and Markets function at a la rge
►Faisal has achieved rema rkable successes in the impleme ntation of process multina tional British Bank where she orchestrate d Regulatory Com pliance focussing on
improvements and streamlined proce dures throughout his career, having Anti-Money Laundering resulting from Tax Evasion, Bribery & Corruption, illegitimate
assisted nume rous banks and companies with the establishment of robust movement of funds across international borders.
accounting, taxation, financial crime and AML/KYC framework and standards,
effective Transaction Monitoring systems, Risk Management and Anti-Bribe ry ►Era is also a specialist traine r on the subject of Accounting , Auditing & Taxation, F raud,
& Corruption proce dures. Faisal is an Expe rt Trainer on a numbe r of subjects Anti-Money Launde ring and Risk Management. She has facilitated a numbe r of effe ctive
and leads AML, Tax, Fraud Risk Management Training, Seminars & Workshops. training sessions & seminars in the UAE, Kuwait, UK, Hong Kong and Philippines. 3
Our Services

1. VAT Advisory and Consultancy

2. VAT Return Preparation, Review and Filing with the FTA

3. Reclaiming VAT Refund for UAE Companies

4. Process Tax Registration Number for New Companies

5. Mandatory Tax De-Registration

6. Accounting, Bookkeeping & Supervision

7. Internal Audit and Annual Financial Statements Audit

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VAT Advisory and Consultancy

q Personalised VAT Consultation Session

q Interactive VAT Implementation Workshop

1.Written opinion
1.Specialised Consultation
substantiated by the UAE
1.Consultation with one of our – Processing Tax Refund |
VAT Law and providing case
leading UAE VAT Expert – Penalty Waiver Matters |
studies to explain and
– FTA Queries Resolution
support the statements

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VAT Return Preparation, Review and Filing with the FTA

q Extensive review of Quarterly VAT Return to be filed with the FTA

q Effective tax optimisation advise during VAT review to manage cash flows

Internationally experienced
Having the right licence and
Dedicated personalised VAT experts carrying VAT
approval by UAE Authorities to
Senior GCC Tax Experts in exposure from UK and
carry out Tax Reclaim Services
the team having VAT European countries where
and Tax Procedure Follow up
Diploma issued by the FTA VAT has been established
activities for Clients
for more than 60 years

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Tax Reclaim Services

q Specialists in processing VAT Refund for Clients in the UAE

q Complex Refunds processed in a timely manner ranging from AED 40k to AED 4m

Licence comprises of Cost Effective and Value

1.Extensive experience in Specialist Tax Reclaim Added Service for Clients –
processing Tax Refunds for Services activity to timely and successful
Clients in the UAE communicate with FTA to Refund processing helps
process timely Refunds manage cash flow

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Process Tax Registration Number for New Companies

q Review Company credentials to assess whether they can be registered for VAT
q Prepare documentation to support the Tax Registration application

1.Advise Client on the

1.Experts in Registering New 1.Business threshold need for TRN based on
companies to obtain Tax assessment conducted as their business revenues
Registration Number (TRN) stipulated by the FTA for and expenses and
within 3 weeks Registration issuance of letter where
threshold is not achieved

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Mandatory Tax De-Registration

q Companies must De-Register if last 12 months’ revenue is below Threshold

q Instant review of the status to advice whether De-registration is required

1.Latest FTA guidelines 1.Process successful De-

1.Expert consultation and
advise companies to assess Registration for companies and
instant review of the De-
whether they are still avoid late penalty of AED
Registration Status
Taxable Person 10,000

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Accounting, Bookkeeping & Supervision

q Bookkeeping review and maintaining accounts for the Client – saving costs

q Prepare tax accounts or monthly Profit & Loss Statements and Balance Sheet

Why hire a full time

1.Monthly, Fortnightly or On the job training for
Accountant when your
weekly visit packages to company’s accountants and
Accounting & Bookkeeping
prepare monthly Accounts supervision of Accounts
needs can be managed by
including Profit & Loss function to improve
one of our part time
statement and Balance Sheet Efficiency & Quality
Outsourced Accountants

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Internal Audit and Annual Financial Statements Audit

q Facilitate the Annual Financial Statement Audit for the Client

q International Standards of Auditing practices adopted

1.Specialised in providing 1.Experienced internal

1.Registered Audit firm
Liquidation & Merger audit professionals
within Mainland UAE and
services including issuance providing control review
all Free Zones
of Liquidation Report engagements for Clients

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Contact Us

Faisal Ahmed
Managing Partner & CEO
Phone: +971 54 582 1550
Email: [email protected]

Era Arora, CFE, CAMS, GCC VAT Specialist

Director
Phone: +971 50 720 1552
Email: [email protected]

AKW Tax Reclaim

Accounting & Consultancy

Office 303-304, Ontario Tower, Business Bay, Dubai

Office 5A, Block D, 1st Floor, Green House, Dubai

T: +971 4 220 0321

www.akwconsultants.com

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