What is Corporate Tax?
Corporate tax is a form of direct tax imposed on the income and corporation profit and other entities for their business. Corporation tax is also known as “Company Profit Tax” or “Corporation Income Tax”. All UAE companies will apply to UAE Corporate Tax, except for the removal of the natural resources, which will remain discussed to UAE corporate taxation. Foreign organizations and individuals will be subject to corporation tax only if they conduct a business or trade in UAE.
Federal corporation Tax on business profits has been introduced by UAE on Monday, starting from June 1, 2023, for the first time. It introduced the UAE corporate tax at the rate of 9%, the lowest in the six-nation Gulf Cooperation Council (GCC), to keep a low base to maintain its attractiveness for businesses. In GCC Bahrain is the only country that has not introduced the corporate tax, but other countries like Oman, Saudi Arabia, Kuwait, and Qatar have already implemented corporate taxes. In Saudi Arabia, the rate of income tax is 20 percent, in Oman, they have to pay the corporation tax at the rate of 15 percent of profit, while in Qatar and Kuwait they have to pay the rate of 10 percent and 15 percent, respectively.
Corporate Tax Consultancy Services In UAE
Choosing a trustworthy and experienced tax consultant is the finest way to make you understand the taxation policies of the nation where you work and live. Risians Accounting is one of the best leading Corporate tax consultants in Dubai and UAE, which offers tax services to businesses across the UAE. By helping company entities to hold all tax activities, and helps the companies to deal with the tax payments and legal complications involved in it. Our tax consultants experts give optimal services to clients, helping their business comply with foreign tax levels. The most important thing is that we allow businesses to save the unnecessary pay amount on the tax.
ENSURE YOUR BUSINESS MEET WITH THE UAE’S
CORPORATE TAX REGULATIONS
Get Corporate Tax Consultation From Corporate Tax Experts
Why Choose Risians Corporate Tax Consultation
- Risians is an FTA listed tax company that discusses the tax compliance risk with you
- We use business apps and robust cloud accounting to digitalize your business
- We are SMEs businesses experts with focused services
- And focus on KPIs that help you make a better decision & increase your business Valuable.
What We Do
Account creation support
Our team will help and advise you on making an online account by the Federal Tax Authority portal.
Tax Registration Number (TRN) certificate
On completing the registration process our company will provide a TRN (Tax Registration Number) certificate to you.
Documentation
We will help you in assembling and submitting the documents required following the arrangement authorized by FTA.
Tax Residency
Our team will help you in securing a corporate or individual tax residency from the tax authority of the federal.
