Corporate Tax in Abu Dhabi
Meet your business’s custom tax requirement with our end-to-end corporate tax (CT) in the UAE. The recent CT regulatory framework requires businesses operating in the UAE to meet the tax law requirements. We, as a top corporate tax services provider, assist small businesses and large enterprises in complying with the regulations, optimizing the taxation flow, and streamlining business operations. We offer comprehensive services including financial statement and record management, tax planning, filing, registration, and advisory that align with the guidelines provided by the UAE Federal Tax Authority.
The tax requirements keep on amending as per new demands, and therefore it is important to keep up with the changes. On January 31, 2022, the regulatory landscape again shifted where the Ministry of Finance (MoF) made the breakthrough announcement to implement the new CT requirements in the UAE, effective from 1 June 2023.
The corporate tax (CT) system in the United Arab Emirates has been carefully crafted to minimize the cost of compliance on firms while conforming to international best practices. It seeks to create an atmosphere that is favorable to investment and economic expansion while preserving equity and openness.
A variety of Taxable Persons,” such as UAE corporations and other legal entities, people (natural persons) that conduct business, and foreign legal entities that are present in the UAE and are regarded as non-resident juridical persons, are subject to the corporate tax
Benefits of Corporate Tax in Dubai
The UAE corporate tax law adheres to international standards, including OECD’s BEPS program, enhancing the country’s reputation as a reliable business hub.
Low Tax Rate
Corporate tax is 9%; that applies only to income above AED 375,000, aiding small businesses and startups.
Business Relief
Small Business Relief exempts companies with profits below AED 375,000 from corporate tax, fostering SME growth.
Free Zone Tax
Businesses in UAE Free Zones enjoy tax holidays, 100% foreign ownership, simplified customs, and world-class infrastructure.
Incentives
Tailored tax rates for different sectors, like the oil industry, allow for a more balanced and strategic economic development.
How We Can Help You?
With over a decade of delivering high-quality services, we are recognized as one of Dubai’s most preferred auditing firms.
IFRS Compliance
We meet all the specifics of International Financial Reporting Standards (IFRS), guaranteeing global compliance and accuracy.
Free Zone Expertise
As approved auditors in major Dubai free zones, we simplify the audit process for businesses operating within these zones.
Expert Auditors
Our team of professionals brings over a decade of expertise, providing reliable audit and corporate tax consultant.
Proven Track Record
Our long-standing experience and commitment to excellence have made us a trusted partner for businesses.
Expertly Navigating Accountancy with Government Agencies
Scope of UAE Corporate Tax Services
- Domestic businesses in the UAE must pay corporate tax.
- The Corporate Tax regime also applies to foreign businesses that have a permanent establishment (PE) in the United Arab Emirates.
- Non-resident businesses that operate in the UAE or get revenue from UAE sources will be subject to taxes.
- With several exceptions, resident companies—both local and foreign—that are managed and controlled in the United Arab Emirates are subject to worldwide income tax.
- Subject to certain exclusions, non-resident entities are only taxed on profits and revenue originating in the United Arab Emirates that are connected to a permanent establishment.
Our Corporate Tax Process
With over a decade of delivering high-quality services, we are recognized as one of Dubai’s most preferred auditing firms.
Tax Assessment & Planning
Evaluation of your business structure and crafting a tailored tax strategy to minimize liabilities while ensuring compliance.
Documentation & Filing
Accurate record-keeping and timely submission of Corporate Tax returns in line with UAE regulations.
Ongoing Support
Continuous support, including regular reviews and updates to your tax strategy for ongoing compliance.
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Frequently Asked Questions (FAQs)
What is corporate tax, and why is it important for my UAE business?
Corporate tax is a tax on a company’s profits, but it is a means to an end as it is intended to boost economic diversification in the UAE. All businesses, therefore, need to adhere to this regulation or else face consequences that could put their legality at risk. With Accountax, you can be certain that your firm meets all corporate tax regulations without delay.
How can Accountax help with corporate tax registration in the UAE?
Accountax walks you through the entire corporate tax registration process, ensuring that you comply with UAE regulations. This makes it worry-free for your business, as our professionals deal with documentation and submission and communicate with the tax authorities for you.
What are the benefits of using Accountax’s corporate tax services?
Corporate tax services help to reduce compliance burdens, avoid surprises, and increase the accuracy of tax filings. They are dedicated to maximizing your tax position, relieving your team from the complexities of tax compliance, and allowing them to concentrate on core business activities.
How can Accountax help minimize corporate tax risks?
We perform in-depth risk assessments, highlighting any possible compliance challenges and recommending risk mitigation strategies. We keep you up to date with changes in legislation, so you can rest assured that your own business is compliant and does not incur unexpected tax liabilities.
What industries does Accountax support with corporate tax services?
Accountax has years of experience, serving clients in various industries such as retail, real estate, manufacturing, financial services, and many more. Whether it be compliance needs for your industry or simply optimizing your taxes, we provide corporate tax services specifically for you.
How much does Accountax’s corporate tax service cost?
How much your organization ends up paying will depend on your company size, your industry, and how complicated your taxes turn out to be. Accountax has an attractive pricing structure and will offer you a free quote once it has determined your company and tax requirements.
Can Accountax help with corporate tax planning and optimization?
Yes! Accountax also provides tax planning and advice to improve your tax position, cash flow, and bill. We assist you in planning appropriately so your business is utilizing its financial resources optimally while also staying compliant.
How do I get started with Accountax’s corporate tax services?
Getting started is simple! Bring your records to Accountax in person, or simply contact us via our website or by phone to book your consultation. We will assess your business’s tax requirements, walk you through the registration steps, and guarantee your compliance with the UAE corporate tax law.
If you are ready to keep your company ahead of all your competitors, we’ve got you covered. Align all your financial decisions by taking advantage of our auditing and assurance services in the UAE and achieve the maximum transparency. So what are you waiting for?