Trading accounting.
Margin you can see.

Inventory should be valued under IAS 2 at the lower of cost and net realisable value, using FIFO or weighted average cost. Landed cost — duty, freight and handling — belongs in cost, otherwise reported margin is overstated. We set up perpetual inventory, COGS and landed-cost capture for trading clients so margin by SKU is real, not an estimate.

A VAT-registered UAE importer generally self-accounts for import VAT through its VAT return under the reverse-charge mechanism, rather than paying at the border, and recovers it as input tax where the goods are used for taxable supplies. Getting the customs-to-return linkage right matters at FTA review. Our VAT compliance service manages import VAT and reverse charge end to end.

Goods inside a designated zone can be treated as outside the scope of UAE VAT while certain conditions are met, but supplies become taxable when goods move to the mainland or the conditions fail. The rules are transaction-specific, so blanket assumptions are risky. We map designated-zone flows for trading clients as part of VAT compliance.

Free zone companies are within the UAE Corporate Tax regime, but a Qualifying Free Zone Person can access a 0% rate on qualifying income if it meets the conditions; other income is taxed at 9% above AED 375,000. Whether trading activity qualifies depends on the facts, including who the customers are. Our Corporate Tax service includes this free-zone analysis.