Taxation in the United Arab Emirates

CORPORATE TAX IN UAE

Are you ready for UAE Corporate Tax?

Registration for Corporate Tax in UAE has been started. Hiring the best corporate tax consultants in Dubai, UAE for tax advisory services has become the need of the hour as businesses need to be registered for Corporate Tax.

Even though the UAE Corporate Tax Law is yet to be finalised, the Ministry of Finance (MoF) has issued relevant guidelines and a consultation document to help businesses to start their preparations. Understanding the gravity of the situation, leading chartered accountants firms in Dubai such as Excel Auditing & Accounting (EAA) start offering corporate tax services. EAA offers robust advisory on assessing the compliance requirements of the businesses.

By signing up with the top corporate tax consultants in the UAE, companies in the mainland and Freezone, can get assessed whether or not they fall within the scope of the tax, prepare the relevant documents and financial records, and how free zone companies will be taxed, understand the applicable tax rates, and know about exempted income, carry forward of losses, treatment of related party (group companies) and connected person transactions, withholding tax, allowable expenses, the cap on the interest, foreign tax credit, tax group formation, and other key requirements including tax payments, tax return filing and audit of financial statements. Getting to know the corporate tax requirements in the UAE will help businesses to ensure compliance and avoid relevant penalties and consequences. Complying with corporate tax in the UAE would also help companies to avoid significant penalties and maintain their reputation, trust and transparency amongst their investors and shareholders.

UAE Corporate Tax Filing & Deadlines

The table below illustrates the CT filing deadlines for businesses with financial year ends of 31 March, 30 June and 31 December

 

Financial year-end 30 June
First Tax Period      1 July 2023 – 30 June 2024
Financial year-end 31 December
1 January 2024 – 31 December 2024
Financial year-end 31 March
1 April 2024 – 31 March 2025

UAE CORPORATE TAX SERVICES WE OFFER

The introduction of corporate tax in the UAE will likely transform the country’s regulatory landscape, which means companies must be fully prepared to comply with the new form of taxation. Corporate tax consultants in Dubai such as Excel Auditing & Accounting (EAA) can help companies to prepare for corporate tax by offering tax assessment and tax advisory services. Specifically, EAA offers the following corporate tax services in Dubai, UAE

Corporate Tax Assessment And Advisory Services
  • Assessing and advising on tax implications for the company
  • Assessing the eligibility of corporate tax and advising on corporate tax exemptions to the mainland, offshore as well as free zone businesses, if any
  • Assessing and analysing the possibility of tax grouping of the companies to avail tax benefits
  • Advising on the restructuring of group companies including foreign subsidiaries/branches
  • Advising on the possibility of foreign tax credits, withholding tax and deduction of expenses and interest

EAA has a team of highly qualified Chartered Accountants and tax agents in the UAE who can help the companies to ensure tax compliance. We have successfully assisted thousands of companies in complying with Value Added Tax (VAT) and Excise Tax and our impeccable track record will come in handy for businesses to meet the requirements related to corporate tax in the UAE.

Corporate Tax Compliance Services
  • Registration of businesses for Corporate Tax (applying for Tax Registration Number) with the Federal Tax Authority
  • Determining and Computing the corporate taxable income applicable to different corporate structures
  • Preparation and filing of the Tax returns
  • Deregistration of Tax Registration Number

EAA has a team of highly qualified Chartered Accountants and tax agents in the UAE who can help the companies to ensure tax compliance. We have successfully assisted thousands of companies in complying with Value Added Tax (VAT) and Excise Tax and our impeccable track record will come in handy for businesses to meet the requirements related to corporate tax in the UAE.

Corporate Tax Agent Services
  • Preparation of filing of tax documents for submission to the Federal Tax Authority
  • Representing, replying and filing an appeal against the notice issued by the authorities
  • Represent the businesses to appeal against any penalties or notices issued by the Federal tax authority

EAA has a team of highly qualified Chartered Accountants and tax agents in the UAE who can help the companies to ensure tax compliance. We have successfully assisted thousands of companies in complying with Value Added Tax (VAT) and Excise Tax and our impeccable track record will come in handy for businesses to meet the requirements related to corporate tax in the UAE.

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