Corporate Tax has become effective in UAE on businesses from beginning of their first financial year that starts on or after 1 June 2003. Tax will be levied at 9% on taxable profits over and above AED 375,000.

Corporate Tax will apply to all businesses and individuals conducting business activities under a commercial licence in the UAE. However, Business registered in designated free zones have been exempt from corporate tax subject to compliance with other terms and conditions specified in corporate Tax Laws.

Corporate Tax is applicable only on business income and individual incomes like salaries, interest and other similar incomes will not be taxable.

We at Regnant Accountant and Tax Consultants assist clients with following corporate tax related services-

  • Corporate Tax Registration 
    • All the companies incorporated in UAE are required to get registered with Federal Tax Authority within specified timelines. We assist in timely and accurate registration of your company.
  • Compliance and Reporting
    • Filing Assistance:Help with preparing and filing corporate tax returns accurately and on time to avoid penalties.
    • Regulatory Updates:Stay abreast of changes in tax laws and regulations and advise clients on how these changes impact their business.
  • Tax Structure and Jurisdiction Planning–
    • Business Structure Analysis:Evaluate the tax implications of different business structures (e.g., subsidiaries, branches, joint ventures) and recommend the most tax-efficient structure.
    • International Taxation:Provide guidance on international tax issues, including transfer pricing, cross-border transactions, and tax treaties.
  • Tax Planning and Strategy:
    • Tax Efficiency:Develop strategies to minimize tax liabilities through legal means, including structuring transactions and investments in a tax-efficient manner.
    • Optimizing Deductions:Identify and maximize allowable deductions and credits to reduce taxable income.
  • Dispute Resolution:
    • Tax Disputes:Represent clients in disputes with tax authorities, including negotiating settlements or resolving tax disputes.
  • Obtaining Tax Residency Certificates
    • A Tax Residency Certificate (TRC) is an official document issued by a country’s tax authorities that certifies an individual or entity is a resident for tax purposes in that country. This certificate is often used to confirm tax residency status to other countries, particularly when claiming benefits under double tax treaties.