Corporate Tax Consultancy

Corporate Tax is a 9% tax on net profits introduced in the UAE, applicable to businesses earning above AED 375,000 annually. This tax applies to both mainland and free zone entities, with potential tax benefits for qualifying Free Zone businesses. Understanding and complying with corporate tax regulations is essential for avoiding penalties, optimizing tax liabilities, and ensuring financial stability.

Free Zone Businesses: Eligible free zone companies may still benefit from a 0% tax rate on qualifying income if they meet the requirements.
Foreign Entities & Individuals: Corporate tax applies only to businesses operating within the UAE; personal income (from employment, investments, and real estate) is generally not subject to corporate tax.

Services

Corporate Tax Registration and Deregistration

Assistance with tax registration and obtaining a Corporate Tax Identification Number (TIN).
Ensuring compliance with the Federal Tax Authority (FTA) registration rules.
Corporate tax deregistration for non-eligible businesses.

Corporate Tax Audits and Compliance Assistance

Reviewing financial statements and tax records for accuracy.
Ensuring adherence to UAE corporate tax laws and regulations.
Assisting businesses with FTA tax audits and inquiries.

Corporate Tax Filing and Returns Submission

Preparing accurate and timely tax returns to avoid penalties.
Calculating taxable income, deductions, and exemptions.
Ensuring businesses meet FTA submission deadline

Corporate Tax Representation and Dispute Resolution

Handling FTA communications, tax disputes, and penalty appeals.
Providing expert legal and financial advisory on corporate tax matters.
Ensuring businesses stay compliant post-resolution.

Corporate Tax Planning and Optimization

Identifying tax-saving opportunities and structuring corporate finances.
Advising on tax-efficient business models to reduce liabilities.
Helping businesses utilize legal tax exemptions and benefits.

Why is Corporate Tax Compliance Crucial?

Corporate tax compliance is essential for businesses to meet legal obligations, avoid financial penalties, and optimize tax efficiency. Proper tax planning ensures that businesses take advantage of available deductions, exemptions, and tax relief measures while maintaining compliance with UAE tax laws. Additionally, timely corporate tax filing enhances financial transparency and credibility, making it easier for companies to secure investments, business loans, and partnerships. Non-compliance, however, can lead to substantial fines, increased regulatory scrutiny, and reputational damage, impacting business operations and long-term growth.

Failure to comply with corporate tax regulations can result in severe penalties, financial losses, and legal consequences. Non-compliant businesses face fines for failing to register, maintain records, and submit tax returns on time. These penalties can accumulate over time, leading to cash flow problems, increased audit scrutiny, and potential business restrictions. Moreover, businesses that do not maintain proper tax records may lose out on tax deductions, exemptions, and refunds, increasing their overall tax burden. Non-compliance can also harm a company’s reputation, making it difficult to attract investors or secure financing. By ensuring corporate tax compliance, businesses can optimize tax liabilities, prevent penalties, and maintain financial stability.