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Corporate Tax in the UAE

Corporate Tax in the UAE

Businesses in the UAE are required to abide by the rules and legislation governing taxes. The UAE MoF published Corporate Tax Law on the 9th of December 2022, stating that Corporate Tax will be effective from financial years 1st June 2023. Corporate tax will be levied at 0% for taxable income up to AED 375,000 and 9% for taxable income over AED 375,000. Large multinational firms will pay a different rate of tax if they meet specific criteria relating to “Pillar Two” of the OECD Base Erosion and Profit Shifting project. Corporate tax services assist businesses in navigating this new, complex tax structure and ensuring that all tax laws are followed.

How Uaecorporateservices UAE can help you?

How will your business benefit from Corporate Tax services?

  1. Accurate calculation and filing of taxes.
  2. Minimization of tax liability through tax planning.
  3. Compliance with tax laws and regulations.
  4. Avoidance of penalties for non-compliance.
  5. Access to professional advice on tax-related matters.

What services do uaecorporateservices UAE provide?

Corporate Tax Registration
Corporate Tax Impact Assessment & restructuring advisory
Assessment of business operations & transactions
Group Structuring (Tax planning considering Legal & Operational Structure),
Tax losses absorption planning
Consolidated Vs Business Segment Wise Vs Entity Wise Tax Impact Analysis
Tax Computation Analysis (Deductions, Exemptions, Losses and Reliefs)
Pre and Post Tax Impact Assessment (Qualitative & Quantitative analysis)
Advise on supporting documentation to be maintained for substantiating the tax positions
Impact of CT & TP with VAT, IFRS, Customs, ESR and other local regulations
Arm’s Length Pricing documentation
Assist in managing entities & group tax compliances under single dashboard
Identification of related parties and, connected persons, their transaction flows
Analyse and implement documentation requirements for the transaction with above person
Accounting & Tax Treatment, Adjustments and Closures (Revenue Vs Capital recognition & treatment, Chart of Accounts, Interest & Depreciation Calculations, Closing & Opening balances, TP adjustments, Year-end provisioning & adjustments)
Training the client internal team on Corporate Tax Law requirements

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About uS

Ascentia Corporate Services is a team of expert financial advisors, chartered accountants, public relations officers, and business consultants assisting new start-ups and entrepreneurs in establishing a successful business in the UAE.

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Ascentia Corporate Services Office No.302, Al Saqr Business Tower, Sheikh Zayed Road, Dubai, UAE

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