Jaxa Chartered Accountants

Jaxa Chartered Accountants JAXA Chartered Accountants is an ISO 9001-2015 certified firm of experienced Chartered Accountants We serve more than 1500+ clients across U.A.E.

Every business is different - but what every business needs are expert financial advice and accountancy. JAXA Chartered Accountants is an ISO 9001-2015 certified firm of experienced Chartered Accountants, auditors and specialist service teams offering a wide range of services including Auditing, Accounting, Feasibility studies and Management and Software Consultancy services tailored to client’s

needs. Our head office is in Dubai with branch offices in Abu Dhabi, Jebel Ali, Sharjah. With practices throughout the UAE, we become experts in your business - helping you take control of finances, across every aspect of your company. Whilst we are qualified auditors, accountants and business advisers, what makes us different is our innovative, flexible and commercial approach. More than 75+ highly qualified and experienced professionals are available in our office to provide the greatest level of professionalism in all areas of Auditing, Accountancy, Business advice and Financial Planning. Our audit report is approved by banks in U.A.E. and we have authorized auditors for all the Free Trade Zones and other license issuing authorities in U.A.E. Wherever possible we aim to be of vital assistance to our clients. We work with like-minded people who challenge the process and make a difference. We follow International Accounting Standards/ International Financial Reporting Standards and committed to keeping the highest levels of professional standards and quality.

UAE Corporate Tax: Treatment of Tax LossKey Points Tax losses can be carried forward indefinitely. Yearly offset limit...
01/09/2026

UAE Corporate Tax: Treatment of Tax Loss

Key Points

 Tax losses can be carried forward indefinitely.

 Yearly offset limited to 75% of taxable income in future periods.

 Losses incurred before Corporate Tax or related to exempt income cannot be carried forward/utilized.

 Losses may be restricted after a change of more than 50% ownership if the business activity itself changes.

 Tax losses can be transferred between qualifying UAE group companies, subject to specific conditions.

 Businesses claiming Small Business Relief is not eligible for Tax Loss relief.

Key takeaway: Businesses should regularly review their tax losses, ownership structure and future taxable profits to maximize available Corporate Tax benefits while staying compliant.

RAKEZ Audit Checklist 📋What is Reviewed During a RAKEZ Audit?A RAKEZ statutory audit reviews the company’s financial rec...
27/08/2026

RAKEZ Audit Checklist 📋
What is Reviewed During a RAKEZ Audit?

A RAKEZ statutory audit reviews the company’s financial records to ensure the financial statements are accurate, reliable, and prepared in accordance with IFRS.

Key Areas Reviewed

📊 Financial Statements
Balance Sheet, Profit & Loss, Changes in Equity & Cash Flows

📑 Supporting Documents
Bank statements, invoices, contracts & payroll records

🔍 Audit Evidence
Verification of transactions, balances & financial disclosures

📋 Auditor’s Report
Independent opinion on the financial statements

Compliance Areas

Corporate Tax
💰 VAT
🛡️ Corporate Tax
⚖️ IFRS

Stay Compliant. Strengthen Your Financial Reporting.

JAXA Chartered Accountants
Your Trusted Partner for RAKEZ Audit & Tax Compliance

Who Qualifies as a QFZP?A Qualifying Free Zone Person (QFZP) is a Free Zone business that meets UAE Corporate Tax requir...
26/08/2026

Who Qualifies as a QFZP?

A Qualifying Free Zone Person (QFZP) is a Free Zone business that meets UAE Corporate Tax requirements and can benefit from 0% Corporate Tax on Qualifying Income.
Key Requirements

🏢 Free Zone Presence
Established or registered in a UAE Free Zone.

👥 Economic Substance
Maintain adequate employees, assets, and activities in the Free Zone.

💰 Qualifying Income
Generate income that meets the prescribed qualifying conditions.

📊 Transfer Pricing
Comply with related-party and arm’s-length requirements.

📑 Audited Financial Statements
Maintain audited financial statements as required.

⚖️ De Minimis Limit
Non-qualifying income must not exceed the prescribed threshold.

0% Tax on Qualifying Income | 9% on Applicable Non-Qualifying Income

Stay Compliant. Protect Your QFZP Status.

JAXA Chartered Accountants
Your Trusted Partner for UAE Corporate Tax & Compliance

YOUR FINANCIAL STATEMENTS TELL THE STORY OF YOUR BUSINESS.Are you making decisions based on accurate financial informati...
20/08/2026

YOUR FINANCIAL STATEMENTS TELL THE STORY OF YOUR BUSINESS.

Are you making decisions based on accurate financial information?

Well-prepared financial statements help you understand:

✓ How your business is performing
✓ Where your money is going
✓ Your assets and liabilities
✓ Your actual financial position
✓ Areas that require attention
✓ Opportunities for future growth

Accurate numbers lead to better decisions.

Don’t just keep records. Understand what your numbers are telling you.

📩 Let our experts help you keep your financial information accurate and reliable.

IS YOUR COMPANY’S ACCOUNTING REALLY UP TO DATE?Having accounting records is not enough, as they should give a clear, acc...
18/08/2026

IS YOUR COMPANY’S ACCOUNTING REALLY UP TO DATE?

Having accounting records is not enough, as they should give a clear, accurate, and timely picture of your business.

A proper accounting health check helps you identify:

✓ Unrecorded or missing transactions
✓ Outstanding receivables & payables
✓ Unreconciled bank balances
✓ Incorrect expense classifications
✓ Inaccurate financial information
✓ Potential Tax compliance issues

Don’t wait for year-end to discover accounting problems.

Keep your books accurate. Keep your business informed.

JAXA Chartered Accountants
Your trusted partner for Accounting & Financial Solutions

Who Requires a DAFZA Statutory Audit? 📊Eligible Entities 🏢Statutory audits are mandatory for businesses established in D...
13/08/2026

Who Requires a DAFZA Statutory Audit? 📊

Eligible Entities 🏢
Statutory audits are mandatory for businesses established in DAFZA, including:
• Free Zone Company (FZCO)
• Free Zone Establishment (FZE)

Submission Timeline 📅
Audited financial statements must be submitted within 3 months from the financial year-end.

Example 🗓️
Financial Year End: 31 December 2026
Submission Deadline: 31 March 2027

Plan Ahead ⏳
Start your audit early to ensure sufficient time for financial preparation, statutory audit completion, and timely submission.

Stay Compliant. Submit on Time. Grow with Confidence.

JAXA Chartered Accountants – A DAFZA-Approved Audit Firm providing reliable statutory audit services to help businesses meet DAFZA's audit and financial reporting requirements accurately and on time.

Why Are Audits Mandatory in JAFZA? 📊Compliance ✅Meet JAFZA Implementing Regulations 2016 by submitting audited financial...
11/08/2026

Why Are Audits Mandatory in JAFZA? 📊

Compliance ✅
Meet JAFZA Implementing Regulations 2016 by submitting audited financial statements annually.

Transparency 🔍
Ensure your financial statements present a true and fair view in accordance with applicable accounting standards.

Trust 🤝
Strengthen credibility with investors, banks, and business partners through independent financial reporting.

Business Growth 📈
Support expansion, funding opportunities, and informed business decisions with reliable financial statements.

Risk Management 🛡️
Avoid trade license renewal delays, regulatory penalties, and business restrictions by staying compliant.

Ensure Compliance. Build Confidence. Drive Growth. 🚀

Choose JAXA Chartered Accountants – a JAFZA-Approved Audit Firm providing professional statutory audit services to help businesses meet JAFZA’s audit and financial reporting requirements accurately and efficiently.

UAE CORPORATE TAX - Extension of Small Business ReliefGreat news for UAE SME sector!!The UAE Ministry of Finance has ext...
07/08/2026

UAE CORPORATE TAX - Extension of Small Business Relief

Great news for UAE SME sector!!

The UAE Ministry of Finance has extended Small Business Relief (SBR) under Ministerial Decision No. 131 of 2026 until tax periods ending on or before 31 December 2029.

Key Highlights of SBR:
✅ Eligibility: Revenue up to AED 3 Million in a tax period
✅ Eligible businesses can benefit from Zero Tax on profits
✅ Simplified Corporate Tax return filing

This relief has now been extended for another 3 years upto 31 December 2029

Excellent initiative to support the SME sector in the UAE.

Stay Compliant. Stay Informed.
JAXA Chartered Accountants
Your Trusted Partner for Audit, Accounting & Tax

📘 Staff Training Insights – Foreign Tax Credit under UAE Corporate TaxAs part of our continuous professional development...
07/08/2026

📘 Staff Training Insights – Foreign Tax Credit under UAE Corporate Tax

As part of our continuous professional development initiative, we recently conducted an in-depth training session led by Ms. Angeleena Roy, focusing on Foreign Tax Credit (FTC) under UAE Corporate Tax.

The session highlighted the importance of understanding the Foreign Tax Credit provisions, eligibility criteria, calculation methodology, documentation requirements, and compliance with UAE Corporate Tax regulations and FTA guidelines.

🔹 Key focus areas included:
• Understanding the concept and purpose of Foreign Tax Credit (FTC)
• Eligibility criteria for claiming Foreign Tax Credit
• Identification of qualifying and non-qualifying foreign taxes
• FTC calculation framework and credit limitation rules
• Treatment of multiple foreign-source income streams
• Rules relating to unutilized Foreign Tax Credit
• Situations where Foreign Tax Credit is not available
• Timing mismatches and their tax implications
• Documentation and supporting evidence required to support FTC claims
• The impact of Double Taxation Agreements (DTAs) on Foreign Tax Credit claims

At Jaxa Chartered Accountants, we remain committed to strengthening our team's technical expertise through continuous training and knowledge sharing, ensuring we consistently deliver accurate, compliant, and high-quality professional services.

Understanding FTA Directives: Why Businesses Should Stay Updated✅ Ensure correct tax treatmentUnderstand how new guideli...
06/08/2026

Understanding FTA Directives:
Why Businesses Should Stay Updated

✅ Ensure correct tax treatment
Understand how new guidelines affect your business operations.

✅ Avoid compliance risks
Stay informed about changes that may impact your tax filings.

✅ Improve decision-making
Updated tax knowledge helps businesses plan effectively.

✅ Maintain proper reporting
Apply the latest requirements when preparing tax returns and records.

✅ Reduce the risk of penalties
Timely compliance updates help prevent avoidable mistakes.

JAXA Chartered Accountants, Your trusted partner for Tax, Accounting & Audit solutions.

Address

M17, Al Mozna Building, Al Qusais
Dubai
P.OBOX92363

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