Navigate UAE's New
Corporate Tax Landscape
With the introduction of the new UAE corporate tax, expert guidance is essential. We provide comprehensive tax services for new and existing businesses, from assessment to filing, ensuring you are fully compliant.
Our Corporate Tax Services:
Understanding the UAE Corporate Tax
Effective June 1, 2023, the UAE implemented a federal corporate tax, marking a strategic shift to diversify its economy while maintaining a competitive business environment.
0%
For Profits up to AED 375,000
Supports startups and small businesses by keeping their profits tax-free.
9%
For Profits Above AED 375,000
The standard rate applicable to the taxable income of most businesses.
15%
For Large Multinationals
Aligns with the Global Minimum Tax agreement for corporations with revenues over €750M.
Who is Exempt from Corporate Tax?
Tax Applicability for Specific Entities
Free Zone Businesses
Free Zone companies can maintain a 0% tax rate on "Qualifying Income." However, a 9% rate applies to any income generated from mainland transactions or other non-qualifying activities. All Free Zone entities must register and file a tax return, regardless of their tax liability.
Freelancers
Freelancers with a business license are considered legal entities for tax purposes. You are subject to a 9% corporate tax, but only on profits that exceed the AED 375,000 threshold. Earnings below this amount remain 0% taxed, supporting independent professionals.
Our Corporate Tax Service Offerings
Corporate Tax Advisory
We analyze your business activities to determine your tax bracket, identify exemptions, and provide tailored advice.
Tax Filing Services
We manage all required documentation and meet crucial deadlines, ensuring your business files correctly with the FTA.
Tax Return Preparation
Our team helps prepare and file accurate tax returns promptly, ensuring full compliance with UAE tax regulations.
Exempted Revenue Analysis
We assess your revenue streams to identify and correctly classify tax-exempt income, ensuring you only pay what is due.
Transfer Pricing Support
We help prepare and maintain all necessary documentation for transactions between related entities, ensuring regulatory compliance.
Violations & Penalties Guidance
We guide you through any tax-related violations, offering corrective actions and strategies to avoid future penalties.
Our Corporate Tax Procedure
General Timeline: 6 to 10 weeks
Assessment of Tax Obligations
Our tax consultant thoroughly analyzes your business activities and financials to determine your specific tax liabilities under UAE law.
Strategic Tax Planning
We explore legal tax-saving strategies and review opportunities to optimize your financial structure and minimize liabilities.
Tax Return Filing
We prepare accurate, compliant corporate tax returns and audited financials, ensuring everything is submitted on time.
Payment of Taxes
We facilitate the prompt payment of required corporate taxes, ensuring accuracy in all calculations to avoid penalties.
Representation in Tax Audits
In the event of a government audit, we represent your business, providing expert guidance for a smooth process.
Ongoing Support and Advice
We offer continuous support to address any tax-related concerns, keeping your business compliant with evolving regulations.
Documents Required for Corporate Tax Filing
Ensure a smooth and efficient filing process by preparing the following key documents.
Business License
A valid copy of your company's business or trade license.
Audited Financial Statements
Your company's audited financial statements for the relevant financial year.
Bank Statements
Complete bank statements for the financial year being reported.
Ownership Documents
Passport and ID copies for all shareholders and directors.
Expense Records
A collection of all relevant invoices and receipts for business expenses.
Relevant Contracts
Copies of contracts that have a significant impact on your tax liabilities.
VAT Returns
Copies of all VAT returns filed during the financial period.
Governance Documents
Board resolutions or meeting minutes that affect financial decisions.
Tax Certificate
Evidence of government tax acknowledgement, if applicable.
Ready to Ensure Your Tax Compliance?
Don't navigate the new corporate tax laws alone. Our expert consultants are ready to provide the strategic advice and support your business needs. Contact us today for a free consultation.
Get Your Free Consultation