Corporate Tax Services in Dubai

The UAE has recently put into effect a federal corporate tax law that is relevant to the majority of businesses functioning within its borders. This legislation implements a new tax structure to guarantee that companies are making a fair contribution to the country's economy while maintaining a competitive atmosphere for global commerce and investment.

Corporate Tax

The main purpose of the corporate tax in Dubai is to target company profits and align with global tax standards. Individuals living in the UAE, as well as companies registered in the country, are required to pay taxes on their income earned both within the country and internationally. Alternatively, individuals who do not reside in the UAE are only subject to tax on income generated from sources within the country, especially if they have a "permanent establishment" there. Following tax, regulations is crucial to prevent penalties, fines, and forfeiture of tax advantages. Maintaining accurate records, filing returns on time, and ensuring financial reporting transparency are essential obligations. Not following regulations can damage a company's image and disrupt its activities.

Our Corporate Tax Services in Dubai

We provide various corporate tax services to assist businesses in effectively managing the UAE's tax laws. A short overview of the primary services is provided below:

• Corporate Tax Registration

Every company that falls under UAE corporate tax regulations must be officially recorded with the Federal Tax Authority (FTA). Our team verifies that your business complies with all registration criteria, such as determining the accurate tax classification and submitting required documents promptly.

• Corporate Tax Return Filing

We help companies in getting ready and submitting their yearly corporate tax documents to the FTA. Precise record-keeping is crucial to prevent fines and abide by the tax laws in the UAE. Our specialists aid in simplifying the procedure and guaranteeing that your return is submitted punctually.

• Corporate Tax Audit

The accuracy of your financial records and tax returns is confirmed by a tax audit. We perform in-depth audits to verify that your business meets corporate tax regulations, finding any inconsistencies and offering suggestions to enhance your tax strategies.

• Corporate Tax Assessment

Following the submission of their tax returns, businesses could be subject to a tax evaluation conducted by the FTA. Our team helps you prepare for this evaluation, ensuring all necessary paperwork is organized and answering any questions from the authorities.

• Corporate Tax for Free Zones

Companies based in UAE Free Zones could be eligible for specific tax benefits, such as being exempt from or paying lower rates of taxes. We assist in identifying qualifications, submitting applications for necessary benefits, and adhering to the Free Zone tax rules.

• Corporate Tax Accounting

Correct accounting is essential for determining taxable income and guaranteeing adherence to regulations. We help in keeping precise financial records, accounting for any exceptions or deductions, and creating financial statements according to corporate tax regulations.

Who is Affected by Corporate Tax?

According to Federal Decree-Law No. 47 of 2022, the UAE business tax applies to:

• Companies based in the UAE that are registered in the UAE, except for those that have been specifically excluded.
• Companies operating in free zones benefit from a tax rate of 0% on eligible income as long as they adhere to compliance requirements.
• Foreign entities refer to companies that make money in the UAE or operate their business within the country.
• People who engage in business activities such as sole proprietors, freelancers, and others earn taxable income from such activities.

Tax Rates:

• No corporate tax on earnings up to AED 375,000.
• A 9% fee applies to income that exceeds this threshold.

Exemptions include government bodies, wholly government-owned businesses, and certain public benefit organizations

Industries We Serve

Our company’s corporate tax services serve the following industries:

• Ensuring compliance and tax benefits for manufacturing companies.
• Guiding real estate businesses through tax regulations.
• Simplifying tax submission for retail and trading businesses.
• Clarification of complex tax rules for banks and financial companies.
• Preserving free zone companies' tax benefits within the laws and regulations set.
• Tax advice for hotels, tourism, and entertainment businesses.
• Maximizing tax benefits for tech start-ups.

Why Choose Us?

Just think of running an entire business but getting strangled by Dubai corporate tax regulations. That is where Reyson Badger and our corporate tax services come into play. We don’t just ensure compliance with the corporate tax law; we make it clear and simple to understand. Our team listens closely to your needs, offers tailored solutions, and keeps you ahead of any changes. With Reyson Badger corporate tax in Dubai is no longer a source of stress, so you can focus on what truly matters: building your business with confidence.