We have helped over 1000 companies qualify for 0% corporate tax and reduce their accounting costs by 86%

Our FTA certified experts will assess your eligibility, handle tax registration ,ensure IFRS-compliant accounting, and file your tax returns, all while ensuring compliance and maximizing tax benefits.

FTA Accredited

5000+ businesses achieved their tax and accounting goals with us

Our suite of accounting and tax services is designed to provide your business with reliable, high-quality solutions that guarantees compliance and financial accuracy.

Bookkeeping

Our accountants will take away the burden of recording and updating all your daily financial transactions and performing bank reconciliations.

Account Reconciliation

We will help you ensure the figures in your general ledger are correct and up-to-date and that the balances match.

Payroll Management

We will manage your company’s monthly payroll, including generating reports, gratuity calculations and pay slips.

Audit Support

We will assist you in completing the auditing process for your financial year and ensure your records are maintained per International Financial Reporting Standards (IFRS).

Financial Reporting

We generate financial reports to help you determine how your business is performing.

Financial Corporate tax advice

Our experts will advise you on all corporate tax considerations which might impact your business. This will include what tax exemptions could be available to your business and how to benefit from these.

Corporate tax registration

Our team will assist in registering your business for corporate tax with the FTA and manage the deadlines for all of your corporate tax obligations.

Corporate tax returns

Our team will assess your corporate tax position, ensure the best tax outcome for your business, and file all necessary submissions with the FTA throughout the year.

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Essential Steps for UAE Corporate Tax Compliance

To ensure your business is fully compliant with the UAE’s new corporate tax regulations, including free zone companies, follow these three key steps:

Register for Corporate Tax

Ensure your business is officially registered under the new corporate tax regime. This registration is mandatory for all entities operating in the UAE.

Maintain Accurate Accounting Records

Keep detailed and accurate records of all financial transactions. Proper accounting is crucial for accurate tax reporting and compliance.

Submit Annual Filings with the FTA

File your annual tax returns with the Federal Tax Authority (FTA). Timely submission is essential to avoid penalties and stay in good standing.

By adhering to these steps, you can ensure smooth and compliant operations under the UAE’s corporate tax law.

Frequently asked questions (FAQ)

Who has to pay corporate tax in the UAE?

Businesses with a taxable net profit exceeding 375,000 AED are obliged to pay corporate tax in the UAE. If the net profit is 375,000 AED or less, they are exempt from corporate tax.

Certain businesses and types of income are exempt from corporate tax. These include individuals with income from employment, real estate, share investments, or any personal income not related to a trade or business in the UAE. Also, foreign investors not doing business in the UAE, free zone businesses in compliance with regulatory requirements, and income from capital gains and dividends from qualifying shareholdings are not subject to corporate tax.

Companies in UAE are taxed at a rate of 9% on their net profits. This rate applies to businesses whose net profit is above 375,000 AED. If the net profit is 375,000 AED or less, the tax rate is 0%.

Companies in the UAE have a timeframe of 9 months from the end of the tax period to submit their tax return and pay the Corporate Tax to the Federal Tax Authority (FTA). The deadlines vary based on the start of the tax period.

For the purposes of UAE Corporate Tax (CT), a company incorporated within the UAE, such as Limited Liability Companies (LLCs), Public Shareholding Companies (PSCs), and Public Joint-Stock Companies (PJSCs), is automatically deemed a resident entity. Furthermore, individuals conducting business activities within the UAE are also classified as residents in the context of CT.

Additionally, foreign corporations may qualify as resident entities if they are effectively directed and overseen within the UAE. Factors to determine this include the location where critical business decisions are made. All relevant aspects and conditions are considered to ascertain whether a company is effectively managed and controlled in the UAE.

Depending on the nature of your business, you may be required to pay both UAE Corporate Tax (CT) and taxes at the Emirate level. Specifically, if your enterprise is involved in the extraction of natural resources or certain other specified activities and meets particular conditions, you may be exempt from Federal CT and only be subject to taxes at the Emirate level. However, for most other types of businesses, both Federal and Emirate level taxes could apply. Importantly, any taxes paid at the Emirate level won’t be deductible from the Federal CT owed.

No, CT and VAT are two different types of taxes. Both will continue to apply in the UAE.

No, CT and Excise Tax are two different types of taxes. Both will continue to apply in the UAE.

While standard practices in various jurisdictions allow payment of taxes in installments, the Federal Tax Authority (FTA) has yet to clarify the rules regarding the payment of UAE corporate tax in installments.

Corporate tax is charged at 9% on the net profit after deducting the threshold sum of 375,000 AED.

Corporate tax planning aims to reduce a business’s tax liability. It involves strategies like making use of tax reliefs, considering the most tax-efficient business structure, planning for minimizing tax on major transactions, and other such methods to ensure tax efficiency and meet corporate tax obligations. Find out more here: Corporate Tax Planning: Key Techniques for Businesses in Dubai

The corporate tax rate in the UAE is 9% on net profits above 375,000 AED.

The threshold for corporate tax in the UAE is 375,000 AED. Profits falling under this amount are taxed at a rate of 0%.

As per UAE Federal Law, any expense incurred solely for business purposes can be claimed as a deductible expense.

Under UAE corporate tax law, gains or losses from disposal of capital assets are considered as part of the taxable income.

Qualifying income under UAE corporate tax includes income from transactions with other Free Zone Persons (excluding Excluded Activities), income from transactions with Non-Free Zone Persons related to Qualifying Activities that are not Excluded Activities, and any other income if the Free Zone Person meets the De Minimis Requirement threshold.

The United Arab Emirates is implementing a Corporate Tax (CT) system to strengthen its standing as a premier destination for business and investment on a global scale. This move is aligned with the country’s broader strategic goals of economic development and transformation. Additionally, the introduction of the CT regime aligns the UAE with international tax standards, enhancing its transparency and reducing the risk of unfavorable tax activities. This demonstrates the country’s commitment to adhering to globally recognized financial norms.

Only individuals who engage in a business or business activity as per a Cabinet Decision that will be issued in due course will be subject to UAE CT. Individuals engaged in other activities will generally be outside the scope of the CT regime.

Book a free consultation with our experts and get all your questions answered.