Corporate Tax Consultancy Services in Dubai
Since the introduction of VAT in 2018, the UAE’s tax system has continued to evolve, with the latest major change being the implementation of Corporate Tax. This tax is levied at a rate of 9% on the net profits of businesses in the UAE. According to the new laws, any taxable profits exceeding AED 375,000 are subject to corporate tax. These laws apply to both mainland and free zone companies.
Even businesses eligible for the 0% tax rate are required to complete Corporate Tax registration in the UAE.
Corporate tax represents a significant shift in the UAE’s tax landscape and introduces a new compliance obligation for businesses. Adapting to this new system can be challenging, which is why having a professional tax consultancy is highly recommended to ensure your business is fully prepared and compliant with the new corporate tax regulations.
Why Outsource VAT?
Corporate Tax Services
Corporate Tax Advisory
Our tax experts evaluate your business’s eligibility for Corporate Tax in the UAE, providing advice on potential tax exemptions, tax implications, tax grouping, and restructuring. We ensure the smooth implementation of the Corporate Tax system across your operations.
Corporate Tax Registration
From documentation guidance to securing your Corporate Tax Registration Number, our team in Dubai offers comprehensive support throughout the entire Corporate Tax registration process in the UAE.
Corporate Tax Filing
We assist in preparing and filing your Corporate Tax returns on time, ensuring accurate calculations of payable tax and proper handling of any carried-forward tax losses. Our goal is to help optimize your tax liability while ensuring compliance.
Corporate Tax Representation
Our consultants represent you before the Federal Tax Authority (FTA) for all Corporate Tax-related matters. Whether responding to FTA inquiries, challenging penalties, or managing tax adjustments, we provide full support and expert guidance.
Why Choose Us?
UAE’s Corporate Tax Policy
The UAE introduced its Corporate Tax regulations in 2022, marking a significant milestone in the country’s ongoing efforts to eliminate harmful tax practices and enhance tax transparency in alignment with global standards.
- Corporate Tax is set at 9% for businesses with annual profits exceeding AED 375,000.
- Only the portion of taxable income exceeding AED 375,000 is subject to Corporate Tax. For example, with an annual profit of AED 425,000, the tax will be 9% of AED 50,000, resulting in a tax of AED 4,500.
- Corporate Tax returns must be filed within nine months from the end of the applicable tax period.
- Corporate Tax does not apply to real estate investments, capital gains, dividends, or income from oil and gas businesses.
- Free zone companies are subject to 0% Corporate Tax, provided they do not conduct business with the mainland, though they are still required to file tax returns.
- A group of companies can be treated as a single taxable entity under certain conditions.