UAE Corporate Tax
UAE Corporate Tax has been implemented from 1st June 2023. As a UAE commercial operation, you are obliged to comply with the prevailing legislation and submit UAE Corporate Tax returns for your financial year calculated at 9% on profits above AED375,000.
Preparation is essential to optimise your tax liability. Our consultants can provide you with the necessary assistance and guidance to ensure you benefit from all available reliefs and exemptions under the Legislation.
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Smarter Corporate Tax Solutions
Corporate Tax Registration
FTA Tax Agency support to reliably register your business individually or as a Tax Group under the FTA registration procedures.
SME Financial & Tax Solutions
Complete outsource advisory and finance solution for small business to optimise financial reporting, VAT and UAE Corporate Tax.
Corporate Tax Health Check
Our comprehensive 360 Corporate Tax Health Check assesses UAE Corporate Tax aspects from structuring, exemptions, systems, processes, training to transfer pricing considerations
Transfer Pricing
Best practice guidance to define, optimise and reduce costs in your UAE Transfer Pricing model with the continuous support to maintain your transfer pricing rules.
As an ISO 9001, 27001 & 42001 certified & FTA Tax Agency, we deliver cost effective, reliable and quality driven services. All our services are compliant to the prevailing legislation and seek to benefit you from all eligible reliefs.
Complete solution to manage your financial reporting to managing a start up or small business’s complete Outsourced Accounting, Tax Registrations and CT obligations.
We include FTA Tax Agency professional advisory to optimise your tax obligations and a free FTA Zoho Books or QuickBooks software license to ensure your business scales seamlessly and benefits from rich reporting insights.
FAQs
Is your business eligible to register and file for UAE Corporate Tax?
You are not VAT registered, is registration for UAE Corporate Tax still necessary?
CT is a distinct and separate obligation to VAT. No minimum turnover threshold is applied and you must register and fulfill your obligations under the CT Law. VAT registration is not required to meet your CT obligations.
Are Free Zones Exempt from UAE Corporate Tax?
The Corporate Tax Law still applies to Free Zones and are not automatically exempt. Special rules exist for Free Zones and you may benefit from a 0% rate on qualifying income subject to meeting requirements. Only satisfying these requirements can a Free Zone company benefit from the exemptions.
How Is CT Calculated?
What type of income is exempt from UAE Corporate Tax?
Passive forms of income are exempt from CT, they include Investment in real estate, salary/ employment income, dividends, capital gains, other income earned from owning shares or other securities, interest from bank deposit/ saving schemes
What reliefs and exemptions are available?
The CT Law provides for some exemptions and benefits subject to meeting requirements. It is advisable to seek professional advice to ensure you maximise these opportunities.
Can you include all expenses to determine your UAE Corporate Tax liability?
No. Only expenses incurred wholly and exclusively for business purposes, (and which are not to be capitalized) are deductible. Certain types of expenses are subject to limits and cannot be fully expensed.
When will your business need to file and settle your UAE Corporate Tax liability?
CT comes into force on June 1st 2023. Therefore if your financial year is from 1st January to 31st December, the first year for CT is from 1st January 2024. You are obliged to file your CT return and settle your liability 9 months following end of your financial year.
You are a small business, does UAE Corporate Tax still apply?
Are you required to manage transfer pricing rules?
If your business conducts transactions between related parties and connected persons, you are expected to implement a formal Transfer Pricing policy and rules. This will include a Disclosure form, Master and local files detailing your formal policy and pricing determination evidenced by empirical benchmarks.
What is GAAR?
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Corporate Tax Resources
UAE Free Zones: Understanding Tax-Free Exemption Rules and Compliance
Corporate tax-free incentives are important, Free Zone rules oblige businesses to adhere to specific compliance requirements to maintain their status.
UAE Corporate Tax – Real Estate Obligations
Our experts possess in-depth knowledge of the UAE tax regulations and can guide you through the intricacies of the UAE Corporate Tax Law.
UAE Corporate Tax – Immediate Actions & Guide For Businesses
The introduction of the UAE corporate tax guide requires your businesses to conduct an assessment of the impact on your legal and financial structure.
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