Corporate Tax Services In UAE

The Ministry of Finance has announced the introduction of a 9% federal corporate tax in UAE on business profits with a threshold of AED 375,000. This comes into effect from the financial year beginning 1St June of 2023. The Corporate Tax in UAE will be payable on the profits of UAE businesses as reported in the financial statement prepared in accordance with international accepted accounting standards. This means now financial statement should be audited on time. Considering the importance of corporate tax registration and other related services in UAE, our company act as the best corporate tax consulting services in UAE. Our expert consultants will guide you through the tax assessment, registration and return filing process.

Scope Of Tax

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Corporate Tax applies on a taxable person. It is defined as per Article -1 of Decree Law. Taxable person can be Resident or Non-Resident.

1. Resident Person

1.Non-Resident Person

A person other than resident person having following income:

Exempt Person

Corporate Tax Base and Rate:

Small Business Relief

The relief is intended to support start-ups and other small or micro businesses by reducing their Corporate Tax burden and compliance costs. Article 21 allows a resident person to elect for small business relief, resulting in the resident person being treated as having no taxable income in respect of each relevant tax period where below two conditions are satisfied as per Ministerial Decision NO 73 of 2023:

Transfer Pricing

Corporate Tax law provides for a robust TP regime in line with the internationally accepted OECD Guidelines and the concept of “arm’s length” principle. The TP rules would be applicable on transactions or arrangements between related parties and connected persons.

Free Zone

Corporate Tax law provides for a robust TP regime in line with the internationally accepted OECD Guidelines and the concept of “arm’s length” principle. The TP rules would be applicable on transactions or arrangements between related parties and connected persons.

Businesses established in a free zone will be required to register and file a corporate Tax Return.

Make smooth and seamless transition with AAC’s to the new era of Direct Tax

Preparation for corporate tax early will avoid higher implementation costs and reduce the pressure on internal team to complete these preparations within a tight last-minute deadline.

We have qualified and expert team, so you can get expert advice regarding registration, taxability, exemption, qualification under free zone and other complicated matters.

Considering the importance of corporate tax registration and other related services in UAE, our accounting firm act as the best corporate tax consulting services in UAE. Our expert consultants will guide you through the tax assessment, registration and return filing process.