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?

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

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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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Corporate Tax in the UAE