Corporate income tax solutions in United Arab Emirates
Handling corporate income tax is an essential part of a company’s financial duties in the United Arab Emirates. It demands a solid grasp of intricate regulations and meticulous attention to specifics. Our methodology revolves around assisting businesses in addressing these challenges with assurance, ensuring they remain compliant while also uncovering chances for tax optimization. By prioritizing precision and strategic understanding, we aid companies in fulfilling their tax responsibilities seamlessly and efficiently, offering reassurance amidst a constantly changing tax environment.
Corporate income tax rate
The UAE implemented its corporate tax system in June 2023, establishing a 9% tax on corporate profits exceeding AED 375,000, while profits below this amount are taxed at a rate of 0%. Businesses operating in free zones can take advantage of a 0% rate on eligible income, and large multinational companies face a global minimum tax of 15%. There are specific exemptions depending on the type of business involved.
Our corporate income tax services
We provide a complete range of services aimed at helping businesses manage the intricacies of corporate income tax in the United Arab Emirates. Our objective is to guarantee full compliance while enhancing your tax situation, enabling you to concentrate on expanding your business. Our offerings consist of:
Corporate income tax compliance
Our Corporate Income Tax Compliance services guarantee that your tax returns are correctly prepared and submitted punctually, in full compliance with local and international tax laws. We assist you throughout the process by offering professional guidance on the essential documentation and filing deadlines. This helps your business stay compliant, reducing the likelihood of penalties and other tax-related complications.
Corporate income tax planning
Our Corporate Tax Planning services are designed to create strategies that effectively reduce your tax obligations. Our team collaborates with you to discover and take advantage of every available credit, deduction, and exemption. Additionally, we support you in organizing your annual and quarterly tax estimates and payments, making sure that your tax approach is both compliant and in sync with your overall financial goals.
Corporate income tax accounting
In Corporate Income Tax Accounting, we offer extensive assistance with the computation of current and deferred tax obligations. Our services encompass confirming that your financial reporting adheres to accounting standards like IFRS and GAAP. Additionally, we take care of reconciling tax accounts with your general ledger balances, delivering precise and clear financial statements that accurately portray your company’s actual financial status.
Tax audits and representation
If your business experiences a tax audit, our Tax Audits and Representation services are available to assist you. We help you prepare all required documentation and offer representation in negotiations and dispute resolutions with the tax authorities in the United Arab Emirates. Furthermore, we conduct pre-audit reviews to pinpoint and resolve any potential compliance issues before they escalate, ensuring your business is adequately prepared for any examination.
State and local corporate income tax compliance
For companies functioning in various jurisdictions, our State and Local Corporate Tax Compliance services guarantee efficient management of your tax filings and payments across multiple areas. We offer comprehensive advice on adhering to specific state and local tax laws and regulations, including insights on nexus and state tax responsibilities. This enables you to confidently navigate the intricate realm of state and local taxation.
International corporate income tax advisory
Our international corporate tax advisory service is designed to assist businesses with multinational operations in managing the complexities of global taxation. We provide strategic advice on cross-border transactions, transfer pricing, and leveraging tax treaty benefits to ensure compliance and tax efficiency in your global operations. Our team offers expert support in organizing your international business activities to enhance tax results, focusing on essential matters like permanent establishment risks, profit repatriation, and the handling of foreign tax credits. This service is perfect for companies aiming to grow their global footprint while effectively handling their international corporate tax responsibilities.
Corporate income tax system
Grasping the complexities of the corporate income tax system in the United Arab Emirates is crucial for any business operating within or outside its jurisdiction. Our knowledge offers you a thorough insight into the workings of the tax system, including the circumstances that trigger the application of corporate income tax. We assist you in understanding the thresholds, exemptions, and particular regulations that shape the tax environment in the United Arab Emirates, ensuring your business remains compliant while strategically positioned to enhance tax efficiency. By obtaining a clear understanding of the corporate income tax system, you will be better prepared to make informed decisions that align with your company’s financial objectives and reduce potential tax liabilities.
Contact us
To learn more about our corporate income tax services or to talk about how we can help, please reach out to us.
Disclaimer
Tax laws and regulations are continually evolving and can differ depending on individual situations. The information presented here serves as general guidance and might not represent the latest changes. It is strongly advised to seek the assistance of a qualified tax professional for specific, current advice tailored to your circumstances.