Chartered Accountants (Audit Companies) in Dubai
Contact Us!

Corporate Tax Services in the UAE

Indeed, corporate taxation encompasses the profits and net income of corporations. Specifically, Corporate Income Taxes (CIT) tax corporate profits. Consequently, corporations must understand and comply with CIT regulations to ensure proper adherence and effective financial management.

It is noteworthy that, there will be a UAE Corporate Tax for all UAE businesses, except for natural resource extraction, which will continue to be a matter of Emirate taxation. 

Foreign entities and individuals are subject to Corporate Tax in the UAE if they engage in ongoing or regular business activities within the country.

Who All Need To Avail Corporate Tax Service in the UAE

The Federal Tax Authority mandates that all businesses operating in the UAE must register for corporate tax in 2024. This directive applies to all enterprises, regardless of profitability or duration of establishment. As a result, every business must ensure compliance with this requirement.
 
Looking to secure Corporate Tax Services in the UAE?  Look no further. Come to us and receive expert advice tailored to your needs. 
Corporate Tax in UAE

Our Corporate Tax Service in the UAE Includes

Corporate Tax Registration

A business subject to CT will need to register with the FTA and obtain a Tax Registration Number within a prescribed period.

Corporate Tax Registration

A business subject to CT will need to register with the FTA and obtain a Tax Registration Number within a prescribed period.
Read More

Corporate Tax Filing

For every tax period, businesses will need to prepare and file a tax return along with other related schedules.

Corporate Tax Filing

For every tax period, businesses will need to prepare and file a tax return along with other related schedules.
Read More

Corporate Tax Refund

Our advisors will assist you every step of the way through VAT implementation, thereby preventing you from incurring penalties.

Corporate Tax Refund

Conduct of a health check to review the current tax position of your business and provide relevant VAT advice.
Read More

Corporate Tax Advisory

Businesses crossing the defined annual turnover threshold are liable to register under VAT.

Corporate Tax Implementation

VAT Implementation in UAE made it mandatory for the businesses to keep a full record of their accounts & daily transactions.
Read More

Corporate Tax Review

Checks how accurately your business processes VAT transactions,can highlight opportunities for savings & identifies risks.

Corporate Tax Review

With our extensive experience, we specialize in conducting reviews of tax compliance for local entities, ensuring the integrity and accuracy of a company's tax systems and processes.
Read More

Corporate Tax De-registration

When a business ceases to be subject to the CT, the CT registration must be deregistered within 3 months.

Corporate Tax De-registration

When a business ceases to be subject to the CT, the CT registration must be deregistered within 3 months.
Read More

Points To Be Noted on Corporate Tax in UAE

Corporate Tax in the UAE

In the United Arab Emirates, businesses and individuals with commercial licenses must acquire a license. However, free zone businesses that comply with all regulatory requirements and refrain from operating in the UAE’s mainland will continue to enjoy the existing corporate tax incentives.

Foreign entities and individuals must obtain a license if they regularly engage in trade or business activities within the UAE. Furthermore, this requirement applies to those involved in banking operations, real estate management, construction, development, agency, and brokerage activities.

CT will be levied on a business’s annual taxable income according to the following structure:
  • For taxable income not exceeding AED 375,000, the rate is 0%.
  • For taxable income exceeding AED 375,000, the rate is 9%.

Additionally, a distinct tax rate, yet to be specified, will apply to large multinationals meeting specific criteria outlined about Pillar II of the OECD BEPS. Given the Consultation Document’s emphasis on the UAE’s commitment to implementing BEPS 2.0 measures, this rate is expected to align with the one ultimately determined by the OECD.

Under the UAE Corporate Tax Law, a corporate tax refund may be available. If a Taxable Person makes a payment to the Federal Tax Authority (FTA) that exceeds the Corporate Tax due, they can apply for a refund. In such instances, the Taxable Person can claim a Corporate Tax Refund from the FTA.
In the UAE, VAT-registered businesses collect the tax on behalf of the government. Consequently, consumers bear the VAT cost through a 5 percent increase in the price of taxable goods and services they purchase. Moreover, the UAE imposes a 5 percent VAT on tax-registered businesses for every taxable supply of goods or services at each step of the supply chain. Additionally, tourists in the UAE pay VAT at the point of sale.

VAT applies equally on tax-registered businesses managed on the UAE mainland and in the free zones. However, if the UAE Cabinet defines a certain free zone as a ‘designated zone’, it must be treated as outside the UAE for tax purposes. The transfer of goods between designated zones are tax-free.

At the end of each tax period, VAT registered businesses or the ‘taxable persons’ must submit a ‘VAT return’ to Federal Tax Authority (FTA).

A VAT return summarises the value of the supplies and purchases a taxable person has made during the tax period, and shows the taxable person’s VAT liability.

Our Corporate Tax Service Procedure

Moreover, when strategizing for corporate income tax management, it is essential to stay updated on the latest advancements in tax legislation, rules, and international tax agreements. Ensuring compliance with these regulations not only enhances tax planning approaches but is also vital for your business. Similarly, diligently maintaining accurate and comprehensive records for all business transactions and expenses related to tax matters is crucial. In this regard, we are ready to support you by rectifying your accounting records, ensuring their accuracy, and preparing your company for corporate taxation in the UAE.

The company should train its employees on tax laws, regulations, and compliance requirements regarding corporate income tax. Consequently, this training will ensure a comprehensive understanding of the new tax system. Furthermore, it will enable employees to comply with the stipulated requirements.

To achieve effective implementation and compliance with corporate income tax in the UAE, companies must proactively engage in tax planning, meticulous documentation, and strict adherence to tax laws and regulations.

Moreover, companies may opt for professional assistance from audit firms in Dubai, accountants, and legal experts to ensure seamless compliance with tax laws and regulations.

Get A Quote
or Request Call Back

Truly, let us know what service you are looking for and hence we can get back to you with more details.

Auditing Services

Internal Audit

Statutory Audit 

Forensic Audit

Due Diligence Audit

Accounting Services

Payroll Services

Accounts Services

Bookkeeping Services

Forensic Accounting

VAT Services

VAT Registration

VAT Return Filing

VAT Accounting

VAT Consultancy

TAX Services

Excise Tax

TAX Advisory 

TAX Accounting

TAX Domicile Certificate

alya-auditors-logo-white-outline

Definitely, Alya Auditors is the one partner you need to ensure your business is built on accurate accounting books certainly, to spearhead greater growth and wider market reach.

Accountants & Auditors Association

An association of legally independent auditing & accounting firms in the UAE

Head Office- Dubai ,UAE

Silver Tower, Business Bay. PO Box: 41102, Dubai, UAE.

Branch Office- Sharjah, UAE

Sharjah Airport Free Zone PO Box: 120403 Sharjah, UAE.

+971 48769377

+971 52 9750690 , +971 50 522 1035

Quick Links

About Us

Blog

Careers

Contact Us

Working Hours

Mon – Fri : 8:30 AM – 6 PM

Saturday – 9 AM – 5 PM

Sunday – Closed

Follow Us

© Alya Auditors 2022 All Rights Reserved