Corporate Tax Consultancy Services in Dubai, UAE

UAE Corporate Tax Consultancy

As of 9th December 2022, the UAE introduced the Federal Decree-Law No. 47 of 2022, establishing a Corporate Tax (CT) regime applicable to business profits starting from 1st June 2023. This move marks a significant milestone in the UAE’s fiscal landscape, aligning with global tax standards and offering more transparency. At Albab Accounting and Tax Consultancy FZE-LLC, we provide expert UAE corporate tax consultancy to ensure your business remains compliant with the new Corporate Tax Law.

What is the UAE Corporate Tax Law?

Corporate tax regulations in the UAE and globally are complex and constantly evolving. Businesses must:

• Ensure timely compliance with tax laws.
• Identify and leverage tax-saving opportunities.
• Avoid penalties from non-compliance.
• Strategically align tax planning with overall business goals.

Partnering with Albab Accounting and Tax Consultancy ensures you have the expertise needed to stay ahead of these challenges.

Our Comprehensive Corporate Tax Services

The Corporate Tax (CT) Law, effective from 1st June 2023, imposes a tax on business profits within the UAE. This regime was introduced to provide a clear, stable, and internationally recognized tax framework, reinforcing the UAE’s position as a leading business hub in the region.

Key Features of UAE Corporate Tax Law:

1. Tax Rates:
The Corporate Tax rates in the UAE are structured to support businesses while promoting growth and stability:

• 0% on taxable income up to AED 375,000 (for businesses with taxable income below this threshold).
• 9% on taxable income exceeding AED 375,000.

Additionally, businesses operating in Qualified Free Zones may benefit from reduced rates:

• 0% on Qualifying Income.
• 9% on taxable income that is not considered Qualifying Income.

2. Exemptions under UAE Corporate Tax:
Several entities and business activities are exempt from the Corporate Tax (CT) in the UAE. These include:

• Government entities.
• Government-controlled entities.
• Extractive businesses (e.g., oil and gas).
• Non-extractive natural resource businesses.
• Qualifying public benefit entities.
• Qualifying investment funds.
• Public/private pension or social security funds.
• Any juridical person incorporated in the UAE and wholly owned by an exempt entity under specific conditions.

How Albab Accounting and Tax Consultancy FZE-LLC Can Help You Navigate UAE Corporate Tax:

As businesses adapt to this new tax regime, Albab Accounting and Tax Consultancy FZE-LLC stands ready to support your organization in managing Corporate Tax compliance efficiently and effectively. Our UAE corporate tax consultants provide tailored services to ensure your business remains fully compliant with the UAE’s new CT Law, avoiding penalties and maximizing tax efficiency.

Our Key Corporate Tax Services:

• Corporate Tax Registration and Compliance: We ensure your business meets all Corporate Tax registration requirements and stays up-to-date with tax filing deadlines. Our team handles the paperwork and filing procedures, ensuring that your business remains compliant with all aspects of the law.
• Tax Calculation and Filing: Our experienced tax consultants calculate the taxable income, ensuring that you benefit from the 0% tax rate on income up to AED 375,000 and 9% on any exceeding amount. We manage your tax filings to ensure accuracy and timeliness, avoiding potential issues with the UAE Federal Tax Authority (FTA).
• Tax Planning and Strategy: Effective tax planning is essential for optimizing your business’s financial performance. We work with you to create a tax strategy that aligns with the new Corporate Tax regime, ensuring your business benefits from the exemptions and deductions available under the law.
• Tax Optimization for Free Zone Businesses: For businesses operating within UAE Free Zones, our experts can help navigate the specific tax benefits available, such as the 0% tax on qualifying income and 9% on non-qualifying income. We help you understand and manage the complexities of operating in a Free Zone.
• Exemptions and Special Considerations: We assist businesses in determining whether they qualify for any Corporate Tax exemptions based on their activities or ownership structure. Our consultants analyze your business structure to help you take advantage of available exemptions.

Why Choose Albab Accounting and Tax Consultancy FZE-LLC for Your Corporate Tax Needs?

• Expert Knowledge: Our team has an in-depth understanding of the UAE Corporate Tax Law and the intricacies of taxation in the UAE, ensuring your business stays compliant and optimally structured.
• Tailored Solutions: We provide personalized corporate tax strategies that align with your business objectives, helping you minimize liabilities while ensuring full compliance with the UAE tax regime.
• Transparent Services: We believe in providing transparent, clear advice, helping you understand all aspects of Corporate Tax compliance in the UAE.
• End-to-End Support: From corporate tax registration to ongoing tax management, our team offers comprehensive support throughout the entire tax process.

Get Expert Help with UAE Corporate Tax Compliance

The introduction of Corporate Tax in the UAE is a significant shift, but with the right guidance, your business can successfully navigate these changes. At Albab Accounting and Tax Consultancy FZE-LLC, we are dedicated to helping businesses like yours adapt to the UAE Corporate Tax Law and ensure that you remain fully compliant while optimizing your tax position.

Contact us today to schedule a consultation and let our team guide you through the new Corporate Tax regulations in the UAE. Let’s ensure that your business thrives in this new tax environment, with the right strategies and expert support.