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UAE Tax & Compliances Services
UAE Tax & Compliances Services in Dubai, UAE
Your Guide to Smooth Business Operations
Stay compliant with expert tax advisory and compliance solutions tailored for UAE businesses.
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Whether you are an Emirati national or a foreign business owner, you must meet all the mandatory tax rules to keep your business compliant with government regulations. However, the constantly changing UAE tax & compliances requirements in the UAE make it difficult for businesses to stay fully aligned with local laws.
With HISAB Taskmaster CA Advisors as your trusted tax advisory partner, you can remain assured that your business is always protected from fines and legal issues. We help clients in meeting all tax requirements, including VAT registration and filing. We offer customized compliance services Dubai, UAE, to make sure your company’s financial reports are always clear, so you build a trusted image with partners, banks, and authorities.
Importance of Tax Compliance in the UAE
Whether you’re already running or planning or starting a business in the UAE, you’ve indeed made a smart choice. This is because the Emirates is at the top among the most attractive destinations for global businesses. From a favorable location to a stable economy, this country is a reputable business hub today. Although you can access several opportunities for growth with a business setup here, you also need to follow some rules.
One of the most important responsibilities for businesses operating in any field is to meet UAE tax & compliances guidelines. Tax compliance simply means following all laws, rules, and reporting obligations set by the FTA and MoF. Here is why tax compliance is important for every business in the Emirates:
Avoid Heavy Fines & Penalties
Build Credibility & Transparency
Ensure Smooth Auditing & Reporting
Enhance Long-Term Financial Planning
Stay Aligned with Global Standards
Types of Taxes in the UAE
If you want to keep your business compliant with the required local tax laws, you need to be aware of the different types of taxes. With HISAB Taskmaster CA Advisors, you can always have a clear understanding of mandatory tax obligations. We offer customized compliance services Dubai, UAE, to help clients stay compliant with FTA laws, VAT rules, and reporting standards. Here are the five types of taxes in the UAE’s well-structured tax framework:
- Corporate Tax - This tax was introduced in the Emirates in June 2023. It applies a 9% corporate tax on all businesses in the country with annual profits exceeding AED 375,000. However, companies operating in a free zone can continue enjoying special tax benefits if they meet the required compliance conditions. All the eligible businesses must register with FTA and timely submit their annual returns.
- Value Added Tax (VAT) - This was introduced by the FTA in 2019 at a standard rate of 5%. This applies to most goods and services; however, it has exemptions in specific categories, like healthcare and education. If your annual turnover is more than AED 375,000, you’re required to register for it and file timely returns to avoid any legal issues.
- Excise Tax - This tax in UAE is applied to harmful products, like tobacco, carbonated beverages, electronic smoking devices, and energy drinks. The main purpose of introducing this tax was to lower the consumption of unhealthy items. Moreover, it aims to boost government revenue collection.
- Custom Duties - All the imports into the UAE are usually taxed at a 5% rate. However, businesses operating in free zones can be exempt from it if their goods are re-exported and not traded within the regional mainland market.
- International Tax Compliance - As discussed above, the Emirates is making consistent efforts to align its tax framework with global standards, including OECD and BEPS frameworks. The FTA is actively implementing regulations like ESR and CbCR to promote transparency and responsible tax practices.
Who Must Comply with AML Regulations in the UAE?
A strong AML compliance framework not only prevents criminal activity but also offers a safer environment for businesses to operate, attracting more investors and business owners. Businesses involved in the following sectors need to comply with AML regulations in the Emirates:
1. Corporate Tax Registration & Filing
Corporate tax in the UAE, introduced in June 2023, applies a 9% rate on businesses with annual profits exceeding AED 375,000.
Applicable to mainland companies, free zone businesses, and branch offices.
Taxable profits above AED 375,000 are taxed at 9%, profits below are taxed at 0%.
Must register with the Federal Tax Authority (FTA).
Annual corporate tax returns must be submitted before the filing deadline (usually 9 months after the tax period).
Maintain proper accounting records for 7 years for compliance.
2. VAT Registration & Returns
VAT in the UAE, introduced by the FTA in 2019 at a standard 5% rate, applies to most goods and services with certain exemptions.
Mandatory VAT registration for businesses with eligible annual turnover.
Voluntary VAT registration possible for turnover above AED 187,500.
Non-residents making taxable supplies must register for VAT, regardless of turnover.
Must submit VAT returns on time according to FTA schedule.
Businesses must issue VAT-compliant invoices to claim input tax.
3. Excise Tax Compliance
- Applies to businesses trading in excisable goods like tobacco and sugary drinks.
Must register for excise tax with the UAE tax authority.
Required to submit monthly excise tax returns.
The UAE excise tax targets harmful and unhealthy products to reduce consumption and increase government revenue.
4. Economic Substance Regulations (ESR)
Businesses conducting Relevant Activities (e.g., banking, insurance, investment funds, IP) must comply.
Must prove real business operations in the UAE.
Required to file annual ESR notifications and reports.
5. Anti-Money Laundering (AML) Compliance
- All businesses must follow the required UAE AML tax and compliance guidelines, like performing customer due diligence and monitoring and reporting unusual transactions.
- Rules apply to financial institutions and DNFBPs (e.g., real estate agents, corporate service providers).
6. Accounting & Auditing Standards
- All businesses must follow IFRS standards.
- Businesses with revenue below AED 50 million follow IFRS for SMEs (simplified reporting).
- Must submit audited financial statements when mandatory.
Penalties for Non-Compliance
If you want to run a successful business in UAE, the leading global business hub, you need to comply with tax and compliance guidelines. Whether it is corporate tax and VAT registration or aligning reporting standards with IFRS, you need to comply with all tax laws to avoid penalties. However, if you fail to comply, your business might have to face:
- Monetary Fines - If your business fails to meet the required FTA tax compliance UAE guidelines, you need to pay hefty fines. If you fail to meet the corporate tax obligation, you need to pay a fine of AED 10,000. Similarly, for delayed returns filing, the initial fine is AED 1,000, which increases for repeated offenses.
- Business License Suspension or Cancellation - If the regulatory authorities find your business repeatedly violating UAE tax & compliances obligations, they can take serious action. Your business license can be temporarily suspended or fully cancelled. In case of full cancellation, your business operations in the country will cease.
- Legal Proceedings - Severe violations of tax and compliance obligations can result in criminal charges. The FTA not only causes hefty penalties up to AED 1 million for serious issues, but you might also face imprisonment based on the seriousness of the offense.
- Reputational Damage - Apart from the direct legal and financial consequences, not meeting the required UAE tax regulations can severely damage your business's reputation. A company with a negative reputation and no strong compliance record can’t win the trust of customers, stakeholders, and investors.
How Professional Advisory Helps with UAE Tax & Compliances
Understanding and following all the UAE tax & compliances can feel challenging, especially for foreign businesses. Moreover, the frequent updates in laws and reporting standards make it more challenging. However, if you work with an experienced tax advisor, like HISAB Taskmaster CA Advisors, you can keep your business protected and in line with government regulations.
- Full Compliance with FTA Rules: Professional advisors like HISAB Taskmaster make sure your business consistently meets all FTA rules. We help you identify compliance gaps early so you can avoid costly penalties and disruptions
- Effective Tax Planning Strategies: We support our clients with expert guidance on tax planning that can keep their business protected from unnecessary tax liabilities. We make sure you can save money while still staying fully compliant with the legal obligations.
- Accurate and Timely Reporting: Our experts handle the preparation and submission of required tax filings, VAT returns, and other reports. With professionals, you don’t need to worry about missing deadlines and remain assured you’re always aligned with UAE tax regulations.
- Updates on Regulatory Changes: You might already be aware that the FTA keeps introducing changes in the UAE tax & compliances laws. So, we not only keep you informed about updates but also guide you on how new rules can affect your business and what steps you need to take to comply with them.
Why Choose Hisab Taskmaster CA Advisors for UAE Tax & Compliances ?
Compliance with required UAE tax regulations is mandatory, as failing to meet them can cause legal and financial issues. Your business’s daily operations and reputation can be severely affected. Moreover, in case of serious violations, the government can freeze your assets to take recovery actions to retrieve unpaid taxes. You can easily avoid these penalties and run a successful business in the UAE for the long term by partnering with Hisab Taskmaster CA Advisors.
Our team fully understands the complex tax and compliance guidelines. We offer customized Tax Compliances & Advisory Services Dubai, UAE, for our clients from diverse industries. Moreover, our experts make sure all your filings, reports, and tax obligations are handled accurately and on time. By working with us, you can stay assured that your business is always protected from all the risks and penalties associated with not meeting tax obligations.
Frequently Asked Questions About UAE Tax & Compliances Services
A 9% federal corporate tax was introduced by the FTA on business profits exceeding AED 375,000 in June 2023. However, free zone businesses are unaffected by it if they meet the necessary regulatory requirements.
All businesses in the Emirates that are earning annual profits above the eligible limit need to register for corporate tax with the FTA. All companies also include free zone businesses if they don’t meet all conditions for full tax exemptions.
The standard VAT rate in the UAE is 5% and is applied to most goods and services. However, items in certain categories, like healthcare and education, are either exempt or zero-rated.
Any business in UAE with an annual turnover of more than AED 375,000 needs to register for mandatory VAT. However, non-resident companies making taxable goods or services in the UAE must register even if their turnover is below the eligible limit.
Businesses in the UAE are required to keep financial records for at least 5 years. This requirement supports proper audit, reporting, and compliance with VAT and corporate tax regulations.
All businesses in the Emirates with annual profits below AED 375,000 are exempt from corporate tax. However, they still need to meet with reporting, accounting, and other UAE tax regulations.
For the late submission of VAT returns, your business will face financial penalties imposed by the FTA. However, repeated delays can lead to serious administrative actions.
Our Comprehensive UAE Tax & Compliances Services
At Hisab Taskmaster CAdvisors, we offer a complete range of UAE tax and compliance solutions. These include:
1
Corporate Tax Services
Hisab Taskmaster CAdvisors also takes care of everything related to Corporate Tax. From corporate tax assessment to corporate tax filing, we take care of everything related to corporate tax to make sure your business is following all the right rules.
2
Value Added Tax (VAT) Compliance
Value Added Tax (VAT) was introduced on most goods and services. At Hisab Taskmaster CAdvisors, we help businesses navigate the VAT procedures such as registration, de-registration, compliance, filing, and return easily without any hassle.
3
Excise Tax Solutions
Hisab Taskmaster CAdvisors helps you with the full process of registering for Excise Tax in the UAE. We offer services to help you register for Excise Tax in the UAE. We cover all parts of Excise Tax services in the UAE.
4
AML Services
Hisab Taskmaster CAdvisors helps you with the full process of AML compliance in the UAE. We offer services to help you stay compliant with AML in the UAE. We cover all parts of AML services in the UAE.
Talk To Us!
You’ve got questions, we’ve got answers.
- Office Suite 1202, 12th Floor, Fahidi Heights - AWR, Al Musallah Tower, Bur Dubai, UAE Near Sharaf DG/Al Fahidi metro exit 4
- +971 58 598 0480
- 04 255 6667
- businesswithhisab@taskmastergulf.com
