Confused about Corporate Tax? Let us handle the complexities while you focus on your business growth.
Overview
Navigate the complexities of UAE corporate tax with confidence. Our team of tax experts ensures full compliance while optimizing your tax position through strategic planning and proper documentation.
What We Offer
Key Benefits
- Full compliance with UAE corporate tax law
- Optimized tax position
- Reduced risk of penalties
- Expert guidance on complex tax matters
- Peace of mind with professional support
Our Process
Tax registration and setup
Quarterly tax planning reviews
Annual tax computation and filing
Ongoing compliance monitoring
FTA correspondence support
Why This is Important
The UAE introduced Corporate Tax in June 2023, marking a significant shift in the business landscape. With a 9% tax rate on taxable income exceeding AED 375,000, compliance is now mandatory for all UAE businesses. Non-compliance can result in substantial penalties, reputational damage, and potential legal consequences. Understanding complex provisions like transfer pricing, exempt income, and small business relief requires specialized expertise. Proper corporate tax planning not only ensures compliance but can also optimize your tax position, protect your business from penalties, and provide peace of mind as you navigate this new regulatory environment.
How We Can Help You Better
Expert guidance on UAE Corporate Tax Law and FTA regulations
Comprehensive tax registration and setup services
Accurate tax computation and timely filing of returns
Strategic tax planning to minimize your tax liability legally
Transfer pricing documentation for related party transactions
Proactive monitoring of tax law changes and updates
Direct liaison with FTA for queries and clarifications
Support during tax audits and assessments
Frequently Asked Questions
Q1.When do I need to register for UAE Corporate Tax?
Businesses must register for Corporate Tax within 3 months from the start of their first tax period. For existing businesses, the first tax period typically starts from June 1, 2023, or the beginning of your financial year, whichever is later. New businesses must register within 3 months of incorporation.
Q2.What is the Corporate Tax rate in UAE?
The standard Corporate Tax rate is 9% on taxable income exceeding AED 375,000. Small businesses with revenue below AED 3 million may qualify for Small Business Relief, resulting in 0% tax. Different rates may apply to large multinationals under Pillar Two rules.
Q3.Are freezone companies exempt from Corporate Tax?
Freezone companies can benefit from 0% Corporate Tax on qualifying income if they meet specific conditions, including not conducting business with mainland UAE, maintaining adequate substance, and meeting other regulatory requirements. Non-qualifying income is taxed at 9%.
Q4.What are the penalties for late filing or non-compliance?
Penalties can be severe: AED 10,000 for late tax return filing, penalties ranging from 10% to 50% of unpaid tax, and additional fines for incorrect information. Repeated violations can result in higher penalties and potential legal action by the FTA.
Q5.Do I need to file Corporate Tax returns if I made a loss?
Yes, all registered businesses must file Corporate Tax returns regardless of profit or loss. Filing returns on time is mandatory even if no tax is payable. Losses can be carried forward to offset against future taxable income, subject to certain conditions.
Ready to Get Started?
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