Corporate Tax in Dubai - UAE
Corporate tax in the UAE is a type of tax that is paid by businesses. It is a percentage of a company's profits that is paid to the government. This tax helps to fund the government and its various initiatives.
- The United Arab Emirates Ministry of Finance has announced the specifics of the new Corporate Tax Code that will go into effect on June 1, 2023.
- The UAE government does not collect any taxes from businesses with annual revenue of less than AED 375,000.
- There is a company tax rate of 9% on taxable income in excess of AED375,000.
There are a number of benefits to paying corporate tax in the UAE. Firstly, it shows that you are contributing to the community and are willing to support the government. Additionally, it can help reduce your tax burden in other countries. Finally, it can be used as a marketing tool to attract new investors and businesses to your company.
If you're looking for a reputable corporate tax service to handle your corporate taxes, look no further than us. We have years of experience in this field and can help you get the most out of your tax payments.
Benefits of Corporate Tax in the UAE
When it comes to corporate tax in the UAE, there are a number of benefits to be had. First and foremost, it's important to understand that corporate tax is a way for businesses to contribute to the development of their local economy. By paying corporate tax, businesses are helping to fund essential services such as healthcare, education and infrastructure.
In addition, paying corporate tax can also help businesses save money on a number of other important things. For example, by paying your corporate tax on time you can benefit from reduced fines and penalties. You can also get a discount on your commercial rent, and your company may be eligible for customs duty exemption on imported goods.
If you're looking for a corporate tax consultant then we are here to help you with all your corporate tax needs, then look no further than us. We have years of experience in helping businesses in the UAE pay their taxes efficiently and effectively.
ENSURE YOUR BUSINESS MEET WITH THE UAE’S
CORPORATE TAX REGULATIONS
Get Corporate Tax Consultation From Corporate Tax Experts
Why Choose Us?
When it comes time to pay your corporate taxes, you need to make sure that you're working with a team that knows what they're doing. At our Risians accounting firm,. we've been helping businesses in the UAE with their taxes for years. We know the ins and outs of the corporate tax system, and we're here to help you take care of everything.
Here are some of the benefits of choosing us for corporate tax in UAE:-
- We have a team of experienced professionals who know how to get the job done right.
- We're up-to-date on all the latest changes to the corporate tax system in Dubai - UAE.
- We offer a range of services that can help you save money and time.
- We're confidential and reliable, and we'll protect your information at all times.
If you're looking for quality corporate tax services, then you can't go wrong with us.
Corporate Tax’s Impact on Businesses in the UAE
Since the introduction of corporate tax in the UAE, businesses need to be aware of its impact on their operations. Corporate tax is levied on a business profits, which means that any income generated by the business:– such as profits from investments, sales and services – are subject to the corporate tax rate. The rate varies depending on the type of organization and its activities, with certain exemptions apply for certain sectors and industries.
Companies operating in free zones may be exempt from corporate taxes while companies operating in other parts of the country are subject to municipal taxes. It’s important to note that this is on top of any other taxes they may be liable to pay – such as VAT, excise tax or payroll tax. In addition to this, businesses need to ensure that they comply with all filing deadlines set by authorities and make accurate estimates of their taxable income.
Having a comprehensive understanding of corporate-tax regulations in Dubai will help businesses become more tax-compliant and can reduce risk for potential fines or penalties. With this knowledge comes greater clarity around financial planning and budgeting, resulting in more confident decision-making for businesses operating in the UAE.
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.
We will help you in assembling and submitting the documents required following the arrangement authorized by FTA.
Our team will help you in securing a corporate or individual tax residency from the tax authority of the federal.
How much is the corporate tax rate in UAE?-
The tax rate on corporate profits is 0% if below AED 375,000 and 9% if above that threshold limit.
Are there any exemptions on corporate taxes?+
Yes, in certain types of companies will not be taxed, such as free zone companies and those that export 100% of their products outside of the UAE.
Are there any other taxes I should be aware of?+
Yes, VAT must be taken into consideration when calculating taxable profit. The standard VAT rate is 5%.
Can I get support with filing my taxes?+
Yes, there are a variety of corporate tax service provides companies that can help you with your corporate taxation requirements in Dubai but Risians Accounting is a very reputed and trusted corporate tax service provider company among them.