Corporate Tax Consulting And Module Setup

As announced by UAE Ministry of Finance that a federal corporate tax on business profits will be levied w.e.f. 1st July 2023 for the companies whose F.Y. is July-June and from 1st January 2024 for companies whose F.Y. is January –December.

What is Corporate Tax in UAE?

It is a federal direct tax levied on profits of corporations and shall be chargeable on taxable income (profit reported in business financial statements after some exceptions and adjustments)

What can we do?

If you choose us as your corporate tax consultant we help, you assess your tax position in adherence to the corporate tax law. We will also guide you implement Corporate Tax module from Registration to Compliance for your business.

Broadly, our Corporate Tax Services would revolve around the following steps:

• Identifying eligibility of your businessWe assess the exemptions and exceptions to incomes from certain sources like dividends and capital gains. In addition, the eligibility of Corporate Tax payment for Financial Institutions, Real Estate, Free Zone companies, freelancers and individual’s income varies. Our tax assistant helps you identify your eligibility in this regard to help you emerge as a Corporate Tax compliant.
• Corporate Tax AssessmentWe shall evaluate the impact of Corporate Tax on your business and create a workflow for you to take wise business decisions.
• Corporate Tax RegistrationWe help you to register your business as an individual company or as a tax group entity as applicable. This will include tax assessment for your entity and all the group entities (if any).
• Corporate Tax ComplianceOur services at this step would include Tax advisory, accounting and tax return filing & assistance in departmental queries.