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Corporate Tax Services in Dubai, UAE
Corporate Tax is one of the most recent introductions in the taxation landscape of the United Arab Emirates (UAE). Businesses are still getting to know their relevance and the laws that need to be followed. With such cluttered information, it has become vital for businesses to opt for corporate tax services in Dubai to guarantee compliance and avoid possible fines imposed by the FTA. By partnering with the leading provider of corporate tax services in the UAE, businesses can navigate the complexities of the corporate tax landscape and maintain a transparent financial goodwill of their business.
Hisab Taskmaster CAdvisors is one of the leading corporate tax consultants in the UAE that provides a complete suite of corporate tax advisory and compliance solutions. We offer adequate suggestions and consultancy to businesses on everything related to corporate tax and help them to adhere to all the stringent laws set by the UAE taxation authorities. Therefore, we handle your tax obligations, help you keep records of your dealings, manage your tax returns, and support you in accomplishing increased profitability.
Corporate tax in Dubai, UAE aims to help nation in building a long-term economy that improves corporate governance and thus solidifies the economy of a country. This is implemented to guarantee that businesses fulfill international benchmarks for taxation and prevent illegal tax practices. In January 2022, Corporate tax was introduced by the UAE Ministry of Finance at a rate of 9%. Here is a breakdown of corporate tax rates on different business incomes:
- A 0% tax rate applies up to AED 375,000.
- A 9% tax rate up to income exceeding AED 375,000.
- For multinationals, a separate tax rate is yet to be specified.
Make sure that your business is prepared for the new era of taxation. With the profound expertise of Hisab Taskmaster CAdvisors, you can easily navigate through the intricacies of the corporate tax systems and minimize your obligations.
What is a Corporate Tax in the UAE?
Taxable Entities of Corporate Tax in UAE
Corporate tax in the UAE will apply to:
- All kinds of businesses or individuals are carrying out their business operations under a commercial license in the UAE.
- It will be levied on freezone business setups in Dubai that comply with all legal conditions and the ones who do not hold any physical establishments in the mainland jurisdiction of the country.
- Foreign enterprises and expats are subject to this tax if they execute a trade or business in the UAE on the regular basis.
- Businesses engaged in real estate management, construction, development, agency, and brokerage are subject to corporate tax in the UAE.
Corporate tax in the UAE does not apply to the following:
- Companies that are involved in activities like the extraction of natural resources will not have to pay the tax. They will continue to be taxed at the Emirate level.
- Corporate tax will not be applied to dividends and capital gains received by UAE-based businesses from qualifying shareholdings.
- It will not be levied on certain intra-group transactions and business restructurings.
- Income earned by individuals from employment is not subject to corporate tax.
- Interest or other earnings that individuals receive from bank deposits or savings accounts are exempted.
- Income such as dividends, capital gains, interest, royalties, and similar returns earned by foreign investors is not taxed.
- Individuals investing in real estate for personal use are not subject to corporate tax.
- Earnings from dividends, capital gains, or other returns from shares or securities held by individuals in their personal capacity are exempt.
Exemptions for Corporate Tax in UAE
- Corporate Tax Registration - We assist businesses in gathering and preparing their documents to register for corporate tax in Dubai. From initial consultation to final registration, our experienced experts help you at every step of your corporation tax registration procedure.
- Corporate Tax Return Filing - Filing corporate tax is one of the significant challenges that requires utmost accuracy. Our professional tax advisors organize and compile your financial data for adequate filing of corporate tax. Apart from this, we stay updated with the latest tax laws and prepare your CT return to submit it to the authorities before the deadline.
- Corporate Tax Impact Assessment - We take into consideration all the new standards of the taxation landscape of the UAE and build a financial model to understand its impact on the business in the long run. We perform scenario analysis for various outcomes based on different CT approaches.
- Corporate Tax Representation and Litigation Support - Our tax professionals act as your legal representative for all kinds of corporate tax disputes and negotiations. We develop and execute thoughtful strategies to provide an effective resolution to corporate tax-related concerns.
- Ongoing Support and Advisory - Our tax consultants offer valuable support and suggestions on key matters related to taxation. This further guarantees that your business stays compliant with ever-changing tax regulations in the dynamic city of Dubai.
At Hisab Taskmaster CAdvisors, businesses can get a comprehensive range of corporate tax solutions under one roof. Here is a breakdown of our prominent services:
Our Range of Corporate Tax Services in Dubai
Why Choose Hisab Taskmaster CAdvisors For Corporate Tax Services in Dubai?
Hisab Taskmaster CA Advisors is a reputed name in tax management and consultancy in the UAE. We constantly work towards supporting businesses in their taxation landscape and helping them stay compliant in the best possible way. Here is why you should choose us:
- Professional Assistance: At Hisab Taskmaster CAdvisors, we have a team of professionals who have an in-depth understanding of Dubai’s tax laws and regulations and have experience in helping businesses with tax strategies and advisory services.
- Cost-Effective Packages: If you are worried that utilizing financial services could be costly, there is no need to take stress. Hisab Taskmaster CAdvisors provide cost-effective taxation solutions based on precise business needs. Therefore, you can get top-tier taxation assistance most cost-effectively.
- Comprehensive Services: We provide all types of taxation services under one roof. Even if you are looking for corporate tax advisory, dispute resolution, registration assistance, or more, Hisab Taskmaster CAdvisors caters to all of them.
Make your Business Corporate Tax Ready With Us
If you feel the endless struggle to align your business with the corporate tax regulations or benchmarks in the UAE, Hisab Taskmaster CA Advisors is here to help. Our corporate tax consultants possess global experience along with local knowledge which makes them stand out for your business. We are one of the leading corporate tax consultants in UAE that understand the nature of your business and provide solutions accordingly. Therefore, partner with us and take your business to new heights of success with us.
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
