Corporate Tax
We offer specialized UAE Corporate Tax registration and filing services. Our team ensures accurate tax return submissions, timely compliance, and manages audit requirements for businesses with turnovers exceeding AED 50 million. We streamline your tax obligations and help avoid penalties.
Definition:
The UAE implemented Corporate Tax with effect from 1st June, 2023 with a 9% rate on profits exceeding AED 375,000 and 0% rate on profits below this threshold. This tax framework aligns with international standards, enhances transparency, and supports economic diversification. Businesses subject to Corporate Tax must file their returns annually, with submissions due within nine months from the end of the financial year. Accurate and timely filing is crucial to ensure compliance and avoid penalties. Additionally, businesses with an annual turnover exceeding AED 50 million and Qualifying Free Zone persons are required to undergo an audit to ensure adherence to tax regulations and accurate financial reporting.
All businesses operating in the UAE are required to register for UAE Corporate Tax. Sole establishments are only required to register if their annual turnover exceeds AED 1 million from January to December. Registration should be completed within the specified timeframe to avoid a penalty of AED 10,000. Registration is to be done with the Federal Tax Authority of the UAE.
In the UAE, corporate tax applies to business profits from trading, services, and commercial activities, as well as income from investments and real estate operations exceeding AED 375,000. However, income generated by companies in free zones (if compliant with regulations), government-related entities, and certain public benefit organizations is exempt. Personal wages and salaries are also not subject to UAE corporate tax.
Our Solutions
Tax Registration and Deregistration
We assist with the registration and deregistration of your business for tax purposes, ensuring compliance with regulatory requirements.
Preparation and Submission of Tax Returns
We handle the preparation and timely submission of tax returns to ensure accurate reporting and adherence to deadlines.
Tax Compliance and Reporting
We ensure your business complies with tax laws and regulations, and provide detailed reporting to maintain transparency.
Tax Planning and Advisory
We offer strategic tax planning and advisory services to optimize your tax position and align with your financial goals.
Tax Audits and Reviews
We conduct thorough tax audits and reviews to identify potential issues and ensure accurate and compliant tax filings.
Assistance with Tax Disputes and Litigation
We provide support in resolving tax disputes and handling litigation to protect your interests.
Review of Tax-Efficient Structures and Strategies
We analyze and recommend tax-efficient structures and strategies to minimize liabilities and enhance financial performance.
Regulatory and Legislative Updates
We keep you informed about the latest regulatory and legislative changes affecting tax matters to ensure ongoing compliance.