Welcome to Leading Edge Alliance Tax Consultant

Welcome to Leading Edge Alliance Tax Consultant

About LEATAX

TAX Consultant

Leading Edge Alliance Tax Consultant provides Tax Services, Software's and advisory services tailored to the needs of various industries and clients.

LEATAX has been working in UAE since 2017 along with more than 20 years experience of its partners, who enjoys an unrivalled reputation among clients. Our client base in UAE comprises over 500 companies. We are proud of the trust we have earned from shareholders and the top management of our clients for such a long period of time.

Over 60 professionals working in our offices in Dubai , share their thinking, industry experience and creativity to develop unique solutions and practical advice for our clients, adding real value to their businesses and dealing with their risks.

vat

VAT in UAE & GCC

Value-Added Tax or VAT is a tax on the consumption or use of goods and services levied at the point of sale. VAT is a form of indirect tax and is used in more than 180 countries around the world.

The UAE is considering levying Value Added Tax (VAT) from January 2018. The rate of VAT will be 5 per cent.VAT will provide the UAE with a new source of income which will be continued to be utilised to provide high-quality public services. It will also help government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue.

Implication of VAT on individuals

VAT, as a general consumption tax, will apply to the majority of transactions in goods and services. A limited number of exemptions may be granted. As a result, the cost of living is likely to increase slightly, but this will vary depending on an individual's lifestyle and spending behaviour. If an individual spends mainly on those things which are relieved from VAT, he is unlikely to see any significant increase. The government will include rules that require businesses to be clear about how much VAT an individual is required to pay for each transaction. Based on this information, individuals can decide whether to buy something.

Implication of VAT on businesses

Businesses will be responsible for carefully documenting their business income, costs and associated VAT charges. Businesses that meet the minimum annual turnover requirement (as evidenced by their financial records) will be required to register for VAT. Businesses that do not think that they should be VAT registered should maintain their financial records in any event, in case the ministry needs to establish whether they should be registered. Registered businesses and traders will charge VAT to all of their customers at the prevailing rate and incur VAT on goods/services that they buy from suppliers. The difference between these sums is reclaimed or paid to the government.

VAT in GCC

The UAE needs to coordinate VAT implementation with other GCC countries because she is connected with them through 'The Economic Agreement between the GCC States' and 'The GCC Customs Union'. The GCC has always worked together in designing and implementing new public policies as such collaborative approach is best for the collective development of the region.

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Our Services

  • Our global network have been advising and implementing strategies to help organizations comply with their VAT obligations and reduce VAT liabilities and particularly for clients without full VAT recovery.
  • Identification of relevant VAT law clauses.
  • Impact assessment of VAT on the current accounting cycle.
  • Impact assessment of VAT on Procurement & Supply chain.
  • VAT coding of accounts payables & receivables.
  • VAT impact on the Contracts.
  • Giving VAT Training Certificates.
  • VAT consultancy under the name of Leading Edge Alliance Tax Consultants.

Our Team

Syed Asif Zaman - CEO

Syed Asif Zaman - CEO ACA(Eng.& Wales), ACA (Pak), FPFA, AAIA, CISA, MBA, B.Sc.

Over all more than 23 years’ experience including 14 years in UAE. He is a fellow member of the Pakistan Institute of Public Finance Accounts (FPFA), Associate member of the Institute of Chartered Accountants of Pakistan (ACA).

Associate member of Institute of Chartered Accountants in England and Wales (ACA), Associate member of the Association of International Accountants- UK (AAIA), Associate member of Information Systems Audit & Control Association (ISACA) and holds Master degree in Finance & Accounting (MBA).

He has an extensive work experience in local as well as in international market. A Public Speaker on Value Added Tax in UAE & KSA.

Currently he is the Managing Partner of the firm he also holds position as CEO of Leading Edge Alliance Tax Consultant.

He is elected Chairman of the Institute of Chartered Accountants of Pakistan (ICAP) -UAE Chapter (2016-2018). Member of Pakistan Business Council and Canadian Business Council Dubai and Northern Emirates.

Shafiq UR Rehman - Director

Shafiq UR Rehman - Director FCPA, FCCEA, MBA

He is fellow member of Institute of Certified Public Accountant of United Kingdom and Pakistan and Fellow member of Certified Corporate Executive Accountant (USA), Associate of Financial.

Accountant (UK), Certificate in IFRS(ACCA), IPA (Australia), Member of IFA, Certificate in USA Federal Taxation(Devry University) and holds Master Degree in Business and Administration.

He has over 20 years diversified experience in UAE/Pakistan in financial accounting & financial management, internal & external Auditing. He has worked as Financial Advisor of Hamdan Bin Mohammad Heritage Centre in Dubai-UAE

Alia Noor -Director

Alia Noor - Director CIMA, FCMA, MBA, ATT

Having more than 13 years’ experience with set of professional qualifications CIMA, FCMA and MBA. Holding Certifications in Digital Mindset, COSO Enterprise Risk Management, COSO Internal control from AICPA and GCC VAT Diploma.

Keynote speaker & thoughtful author on topics ranging from innovation, artificial intelligence, blockchain, VAT, IFRS & Finance. Provides game changer client focused solutions for Profit Improvement, Cost Management, Business Transformation & Corporate Performance Management.

She also holds position of Director Management Consultancy at Ahmad Alagbari Chartered Accountants & Director Program at Leading Edge Alliance Software Consultants.

“Fix the roof when the sun is shining”

Mona Eissa - TAX Consultant

Mona Eissa - TAX Consultant ACCA, ATT

She is ACCA (Egypt), GCC VAT Diploma (UAE) & (ATT) Association of Taxation Technician.

Finance & Tax expert with detailed knowledge of tax laws and practices in variety of jurisdictions including the UAE & Egypt. She has more than 8 years’ experience in different leading & growing sectors including MNCS, FMCG.

Her strength point is to analyze, identify and implement timely and effective solutions.