Corporate Tax Services in UAE
Navigating the corporate tax landscape in the United Arab Emirates (UAE) requires a comprehensive understanding of the latest regulations and their implications. At Business One Tax & Accounting, we offer expert guidance to ensure your business remains compliant and optimized under the new corporate tax regime.
Corporate Tax in the UAE
The UAE has introduced a corporate tax system to align with global standards and drive economic growth. This tax applies to businesses operating within the UAE, ensuring transparency and encouraging foreign investment. Staying compliant is essential to avoid penalties and maintain smooth operations. Our experts help businesses navigate these tax regulations effortlessly.
The UAE Corporate Tax Law falls under Federal Decree-Law No. 47 of 2022, which governs the taxation of corporations and businesses.
UAE Corporate Tax Offers Multiple Tax Rates
Our Optimal Solutions
We provide a suite of services tailored to meet your corporate tax needs:
How a Tax Consultant Boosts Your Business
A corporate tax consultant plays a crucial role in ensuring businesses comply with UAE’s corporate tax regulations while optimizing their tax position. At Business One Tax & Accounting, our consultants provide expert guidance in the following areas:
Corporate Tax Registration
All businesses, including Freezone and Mainland Entities, in the UAE are subject to corporate taxes since June 1st, 2023. Irrespective of their taxable income, they are required to register for corporate tax. The tax rate in the UAE is 0% for businesses with income up to AED 375,000. Businesses with income exceeding the aforementioned income threshold are subject to a 9% tax rate.
How to Register for Corporate Tax in the UAE
Begin by reaching out to our expert tax consultants who will help you understand the UAE corporate tax system. We’ll guide you through eligibility, compliance requirements, and the benefits of timely registration. This step is crucial to clarify your business’s obligations. Whether you’re a mainland or free zone entity, we tailor our consultation to your structure. Our team ensures you’re fully aware of the process ahead.
Once you’re ready, we assist in compiling and submitting all necessary documentation for cooperate tax registration. Accuracy is crucial, and our team ensures everything aligns with FTA standards. We manage both digital and physical formats based on your preference. This step formally initiates the registration process.
After document approval, we proceed to register your business on the FTA (Federal Tax Authority) online portal. We create or access your account and fill in all relevant business and financial details. This is where your application is officially lodged with the government. Our team takes care of the technical steps so you can stay stress-free. We also keep your login credentials secure for future filings.
If the FTA requests updates or additional documents, we quickly assist in gathering and resubmitting them. Sometimes, even minor mismatches can trigger queries. We stay on top of FTA notifications to avoid delays. Our experts resolve these issues promptly and keep your registration moving forward. You’re always kept in the loop throughout this phase.
Once all documents are submitted, the FTA begins reviewing your application. This phase can take a few days to a couple of weeks depending on the case. We monitor the status and follow up regularly to avoid unnecessary delays. Any further FTA communication is handled by us. You can rest assured while we track the progress on your behalf.
Upon successful approval, your corporate tax registration certificate is issued. This means your business is now officially compliant with UAE’s corporate tax laws. We provide you with all the necessary documents and next steps for tax filing. Our services don’t stop here—we also offer ongoing tax support and compliance assistance. With Business One Tax and Accounting, you’re covered every step of the way.
Corporate Tax Compliance, Consultancy & Structuring
Business One Tax and Accounting is an accounting firm in the UAE that covers all your corporate tax needs. We can assist you in filing your corporate tax returns while ensuring compliance and accuracy. Our chartered accountants can also help your business with effective planning for filing your returns with a solid structure. In the end, our corporate tax consultancy services will help you streamline your business tax process, ensuring your compliance and cost-saving.
At Business One Tax and Accounting, our chartered accountants have experience in effectively handling corporate taxes for clients from various industries. Leveraging our experience and expertise, we come up with corporate tax management strategies, having a solid structure that is essential for business success.
Whether you need our corporate services related to compliance, consultancy, management, structure, or all, we never disappoint! So, look no further than Business One Tax and Accounting for corporate tax-related services in the UAE.
Annual Bookkeeping as per IFRS standards
At Business One Tax and Accounting, we manage your books of accounts as per IFRS, abbreviated for International Financial Reporting Standards. In fact, there are various benefits to managing your annual bookkeeping as per IFRS, including the following:
Choose our expert bookkeeping services and annually manage your books as per the IFRS standards!
Preparation of Corporate Tax Filing
At Business One Tax and Accounting , we understand the accurate preparation and filing of your corporate tax return. It is not only imperative for your business’s compliance. But also for the financial health of your company in the Emirates.
At Business One Tax and Accounting, our expert team of chartered and certified tax accountants is there to simplify the tax process for you. We can help you prepare for filing your corporate tax return that meets all regulatory requirements and maximizes your tax efficiency.
Here is how we can help you prepare for the filing of your corporate tax return:
- Meticulously prepare your return with the accurate reporting of your all income, deductions, and credits in compliance with the tax law.
- Conduct a thorough review of your financial record to ensure all information that you submit in your return is complete and accurate.
Apart from preparing for filing your corporate tax return, we can help you file your return on time. We adopt a proactive approach that ensures our clients (businesses) avoid any penalties and interest with tax filing.
Are you ready to prepare for your corporate tax filing with expert assistance? You can count on Business One Tax and Accounting for that.
Deregistration
For any reason, you can cease to be a taxable person in the UAE. In that scenario, you will need to submit a tax deregistration application with the FTA. At Business One Tax and Accounting, we provide the best tax deregistration services in the UAE.
You can apply for tax deregistration under the following circumstances as a tax-register person in the UAE:
- Closure of Business
- Legal Structure Changes
- Transfer of Ownership
Also, you need to abide by the deadline stipulated by the FTA for deregistration. Otherwise, you can face penalties for late corporate tax deregistration, starting from AED 1000. In order to avoid such mishaps, you will need to partner with tax experts in the Emirates, Business One Tax and Accounting .
Make your corporate tax deregistration process hassle-free with Business One Tax and Accounting as your registered, FTA-approved tax agents in the UAE.
Your Trusted Tax Partner for Corporate Tax in the UAE
A corporate tax consultant ensures your business complies with UAE tax laws and optimizes its tax strategies. At Business One Tax & Accounting, our experts guide you through Tax Compliance to ensure accurate filings and avoid penalties. We also provide Tax Planning and Structuring to minimize liabilities, Tax Optimization to reduce your tax burden, and solutions for International Tax Planning to manage cross-border transactions effectively.
As your trusted partner, we prioritize Stakeholder Wealth and develop Strategic Tax Analysis to craft legally sound tax strategies. Our expertise in Global Tax Management helps reduce tax burdens on international transactions, ensuring your business thrives in the UAE’s competitive market. At Business One Tax & Accounting, we deliver expert corporate tax advisory services to keep your business compliant and profitable.
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