Page 200 - ENVISAGE - Souvenir 2024

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MCA Gulf is a multi-disciplinary professional services firm established in 2009,
which has now twelve verticals catering from start to end of a corporate life cycle

as highlighted below:

Professional Services Consulting Services

Audit & Assurance Asset Management Solutions ESG & Startup Advisory
Accounting & CFO Corporate Finance & Financial Services
Services Transaction Advisory Governance, Risk & Compliance
Corporate Services Digital Transformation Strategy & Business
Taxation Services Energy Advisory Transformation

UAE – Paradise for We hold the distinction of being Founder Member of GION, the first
Compliance Professionals! Indian origin global network wherein our strength lies with presence

in all 6 continents of the world.
CA Girish Chand

As the world is progressing, to meet the needs of the business world, we have
briefly highlighted the new areas as below:
‘Why are there so many Chartered Accountants in Dubai?’ – Sadhguru queried when he visited the ICAI Dubai
Chapter in 2017. His reference was to the low level of compliance and relative non existence of taxation at that point Our enhanced presence in the Kingdom of Saudi Arabia
in time.
Maybe this triggered the array of compliances introduced in the subsequent years! Saudi Arabia has become the key market for businesses to expand and in the last
few months, we have significantly enhanced our offerings and team to emerge as
Excise Duty
Excise Duty was introduced effective October 2017 for Carbonated drinks, Energy drinks, Tobacco and Tobacco one-stop solution for all your compliance and advisory needs in the country.
Products and later in December 2019 for electronic smoking devices and tools, liquids used in such devices and
tools and sweetened drinks. Digital Transformation

The period before the excise duty effective date of October 2017 had lots of confusion regarding the applicability, Digital transformation services help organizations leverage technology to
registration portal issues and most importantly the determination of the stock piling quantity. Besides the advisory improve processes, enhance customer experiences, and drive innovation. We offer
opportunity, there was the additional business opportunity of certifying the stock piling quantity.
Subsequently we saw the phase of excise audits and consequential penalties and litigations, some of them became technology and digital transformation services that deliver sustained value
famous cases of litigations with lawyers claiming credits of saving millions in penalties and fines!
leveraging the latest available software technology, carefully designed to suit the
Value Added Tax (VAT) businesses.
The highlight of the UAE Compliance journey and practitioner’s delight was the introduction of VAT from January
2018. This changed the compliance landscape as now most of the business entities were required to comply with
the VAT regulations. This provided ample opportunity to the practitioner covering the areas of impact assessment, At MCA Academy, we offer prestigious programs such as
implementation support, transaction advisory and vat return filing. Subsequently the areas expanded to refund Executive Leadership Training Programs from ISB and M Tech
assistance, annual health checks and audit support. Similarly professionals in industry were charged with handling
the VAT implementation and compliance within their organizations. The role of Finance professionals in the industry from other prestigious institutes.
was further enhanced with the additional responsibility for indirect tax compliances.
VAT continues to be a key element of the compliance landscape especially now with the organizations facing VAT We also offer curated programs including Leadership, AI, ESG, IFRS Accounting,
audits. delivered by trainers who are/have been part of world-renowned business schools.

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