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Corporate Tax Registration
Our team of accountants is here to assist you in smoothly handling your corporate tax registration.
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UAE Corporate
Tax
Corporate taxation in the UAE presents challenges that demand professional expertise.
With the introduction of corporate tax, businesses must comprehend their liabilities and effectively handle their obligations. Our team offers expert guidance in navigating the new tax regulations, ensuring your business remains compliant while optimizing tax efficiency.
Understanding UAE Corporate Tax
Corporate tax applies to the net profits of businesses established in the UAE. This tax regime started on June 1, 2023, with full applicability expected by January 1, 2024.
The Emergence of Corporate Tax in the UAE
The UAE has been a prime destination for business due to its stable politics, prime location, and excellent infrastructure. While previously enjoying a zero corporate tax policy, the nation is diversifying its economy beyond oil, leading to the introduction of corporate tax.
Distinctions Between Corporate Tax and VAT
Corporate tax, a levy on the profits of all UAE companies, is distinct from VAT, which is a consumer tax on goods and services. VAT is collected only after reaching certain business thresholds, unlike the across-the-board corporate tax on profits.
Entities Affected by UAE Corporate Tax
The UAE’s corporate tax extends to all companies, including those in free zones, with certain exceptions. This includes UAE-based corporations or those managed within the UAE, individuals conducting business, and foreign entities with a permanent establishment in the country.
Corporate Tax Rates in the UAE
The UAE Ministry of Finance has established a tiered corporate tax structure: a zero rate for profits up to AED 375,000, a 9% rate for profits above this threshold, and a 15% minimum rate for large multinationals, aligning with international efforts to curb tax base erosion.
Selecting a respectful and unique company name is crucial. Prepare at least three options to avoid any potential conflicts or delays.
Selecting a respectful and unique company name is crucial. Prepare at least three options to avoid any potential conflicts or delays.
Selecting a respectful and unique company name is crucial. Prepare at least three options to avoid any potential conflicts or delays.
Selecting a respectful and unique company name is crucial. Prepare at least three options to avoid any potential conflicts or delays.
Selecting a respectful and unique company name is crucial. Prepare at least three options to avoid any potential conflicts or delays.
The Process
Strategic Tax Planning
Develop a comprehensive tax strategy that aligns with your business goals and regulatory requirements.
Compliance and Filing
We assist with the preparation and submission of tax documents, ensuring full compliance with UAE tax laws.
Ongoing Tax Management
Providing continuous support for tax queries and updates on regulation changes.
Why Biznes W Dubai?
Your Advantages with Biznes W Dubai
In-Depth Understanding
Our specialists are well-versed in UAE corporate tax laws, offering you clarity and confidence.
Dedicated Support
Our team is dedicated to providing you with ongoing assistance and updates on the latest tax changes.
Straightforward Procedures
We handle the Free Zone company setup, offering you a clear path to business establishment with no hidden obstacles or surprises.
TALK TO OUR SPECIALISTS TODAY!
Consult Our Corporate Tax Specialists
Schedule Your Free Consultation with our Corporate Tax Specialists – your guide to personalized and cost-effective Corporate Tax Registration for you company in the UAE.
Frequently Asked Questions
All companies operating in the UAE, including free zone businesses, are subject to the newly implemented corporate tax. Specific exemptions are available, which we can clarify during our consultation.
Corporate tax is a levy on a company’s profits, whereas VAT is a tax on the consumption of goods and services, paid by the customer. Every company faces corporate tax obligations, while VAT applies only after surpassing set revenue thresholds.
Businesses with annual net profits up to AED 375,000 will benefit from a 0% tax rate. Profits above this threshold will incur a 9% tax rate. Large multinational corporations will adhere to a minimum 15% tax rate, in line with international standards.
Companies with financial years starting on or after June 1, 2023, need to consider corporate tax. The exact timing of tax calculations will depend on your financial reporting period.
