Corporate Tax Services in Dubai, UAE
Get Expert Assistance in Dubai, UAE for Corporate Tax Filling.
Corporate Tax
Corporate Tax (CT) is a direct tax imposed on the profits generated by corporations and entities from their business activities. In the UAE, the Federal Corporate Tax Law, enacted in December 2022 and effective from June 1, 2023, applies universally to all commercial activities, with exceptions for specific entities such as government bodies, qualifying investment funds, and public pension funds.
Corporate Tax is a form of Direct Tax that is to be levied on all Companies operating in the UAE. For companies with a net profit of AED 375,000 and above the rate of Corporate Tax in UAE is 9%. It is one of the lowest Corporate Tax rates in the world and the Corporate Tax collected from the companies operating in the UAE will be used for the development aspects of the Country.
All companies in the UAE are required to register for Corporate Tax. Please connect with our expert team to gain more information about Corporate Tax registration requirements in the UAE.
Essential Steps for UAE Corporate Tax Compliance
To ensure your business is fully compliant with the UAE’s new corporate TAX Regulations, including freezone companies, follow these three key steps:
Register for Corporate Tax
Ensure your business is officially registered under the new corporate tax regime. This registration is mandatory for all entities operating in the UAE.
Maintain Accurate Accounting Records
Keep detailed and accurate records of all financial transactions. Proper accounting is crucial for accurate tax reporting and compliance.
Submit Annual Filings with the FTA
File your annual tax returns with the Federal Tax Authority (FTA). Timely submission is essential to avoid penalties and stay in good standing.
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We provide a comprehensive range of Services, including company formation (Mainland, Freezone and Offshore setups), Financial Management Advisory, Business Banking Solutions (Business Bank Account, Credit Facility, Banking Compliance Management, Corporate Loans, Mortgage Facility), UAE Taxation and Compliance, and UAE Visa Services (Business Investor, Freelance, Property Investor and Employment Visa). Our Mission is to develop tailored solutions that empower foreign investors to establish and grow their businesses in the UAE. Concurrently, we aim to enhance the local business ecosystem by attracting international investment.
We provide comprehensive support, from advising you on the appropriate licenses and optimal location for company registration in the UAE to developing your business plan and preparing all necessary documentation. Our services form the foundation of your investment strategy.For expert guidance and a tailored proposal designed to meet your unique requirements, please contact us today.
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Frequently Asked Questions
Corporate Tax is a form of direct tax levied on the net income of corporations and other businesses. Corporate Tax is sometimes also referred to as “Corporate Income Tax” or “Business Profits Tax” in other jurisdictions.
Certain businesses and types of income are exempt from corporate tax. These include individuals with income from employment, real estate, share investments, or any personal income not related to a trade or business in the UAE. Also, foreign investors not doing business in the UAE, freezone businesses in compliance with regulatory requirements, and income from capital gains and dividends from qualifying shareholdings are not subject to corporate tax.
Companies in UAE are taxed at a rate of 9% on their net profits. This rate applies to businesses whose net profit is above 375,000 AED. If the net profit is 375,000 AED or less, the tax rate is 0%.
Companies in the UAE have a timeframe of 9 months from the end of the tax period to submit their tax return and pay the Corporate Tax to the Federal Tax Authority (FTA). The deadlines vary based on the start of the tax period.
No, CT and VAT are two different types of taxes. Both will continue to apply in the UAE.
No, CT and Excise Tax are two different types of taxes. Both will continue to apply in the UAE.
Only individuals who engage in a business or business activity as per a Cabinet Decision that will be issued in due course will be subject to UAE CT. Individuals engaged in other activities will generally be outside the scope of the CT regime.
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