Corporate Tax Compliance Services UAE
The tax law in the UAE is new, and it has its own specific regulations. Have you chosen your tax consultant?
We provide corporate tax compliance services for new and existing businesses. From tax assessment to filing, we have your back.
Are you confused by the tax decrees and articles? Get expert help from a corporate tax compliance service provider in Dubai to navigate the decrees and articles.
Advantages of Corporate Tax Compliance Services
Full Foreign Ownership
Corporate tax compliance service providers offer specialized knowledge and expertise, ensuring compliance with the latest tax laws and regulations.
Full Foreign Ownership
Corporate tax compliance service providers offer specialized knowledge and expertise, ensuring compliance with the latest tax laws and regulations.
Full Foreign Ownership
Corporate tax compliance service providers offer specialized knowledge and expertise, ensuring compliance with the latest tax laws and regulations.
Full Foreign Ownership
Corporate tax compliance service providers offer specialized knowledge and expertise, ensuring compliance with the latest tax laws and regulations.
Full Foreign Ownership
Corporate tax compliance service providers offer specialized knowledge and expertise, ensuring compliance with the latest tax laws and regulations.
Full Foreign Ownership
Corporate tax compliance service providers offer specialized knowledge and expertise, ensuring compliance with the latest tax laws and regulations.
Full Foreign Ownership
Corporate tax compliance service providers offer specialized knowledge and expertise, ensuring compliance with the latest tax laws and regulations.
Full Foreign Ownership
Corporate tax compliance service providers offer specialized knowledge and expertise, ensuring compliance with the latest tax laws and regulations.
What is the Corporate Tax in the UAE?
The International Free Zone Authority (IFZA) in Dubai is a premier free zone offering an efficient and affordable business setup solution for entrepreneurs and companies from various industries. Originally established in 2018 in Fujairah, IFZA relocated in 2020 to Dubai Silicon Oasis, placing it strategically close to major business hubs in the city. This move has greatly enhanced its appeal, making it an ideal choice for a business setup in Dubai. One of the key advantages of IFZA free zone company formation is its flexibility. Unlike other free zones that focus on specific industries, IFZA allows businesses from over 800 approved activities to operate within the zone. Whether you’re in trading, services, logistics, or manufacturing, company formation in the IFZA free zone provides a streamlined process for a range of business types, making it accessible to a diverse group of entrepreneurs.
IFZA has also gained a reputation for its cost-effective pricing. The IFZA free zone license cost is highly competitive, making it the most affordable free zone option in Dubai. This makes it an attractive destination for both local and international businesses looking to benefit from Dubai’s dynamic economy. When considering the IFZA free zone license cost, businesses can rest assured they are receiving exceptional value for top-tier infrastructure and business support. In addition to the cost savings, the IFZA free zone business setup cost remains one of the lowest in the market, making it an excellent choice for entrepreneurs looking to minimize initial setup costs. With over 1,000 active businesses and a representation from more than 100 nationalities, IFZA is a thriving hub for multinational enterprises, reinforcing its status as a top choice for a business setup in Dubai. Overall, IFZA offers a versatile, investor-friendly environment that makes starting a business in Dubai quick, affordable, and efficient.
What Businesses Are Exempt from the Corporate Tax?
Certain businesses are exempt from corporate tax in the UAE, and corporate tax compliance service providers can help clarify these exemptions:
- Any business generating less than AED 375,000 ($100,000) in profits.
- Any government institution and organization
- Any business that promotes social and charitable issues.
- Any business directly owned and controlled by the UAE government.
- Any business involved in mining or extractive activities.
- Any regulated governmental or private organizations that deal with social benefit funds, such as retirement or pension plans.
- Any regulated real estate investment fund.
What is the Difference Between Corporate Tax and VAT?
While corporate tax is a direct tax imposed on a company’s profits, calculated annually based on income after deducting expenses, corporate tax compliance services help businesses ensure accurate filings. Businesses are responsible for submitting corporate tax returns to comply with government regulations.
In contrast, VAT is an indirect tax levied on the sale of goods and services at each stage of the supply chain. Businesses collect VAT from customers and remit it to the government.
Unlike corporate tax, which is filed annually, VAT is typically paid at the point of sale and reported more frequently, such as quarterly or monthly. A corporate tax compliance service provider in the UAE can help clarify the differences between these taxes for businesses navigating both
What are the Corporate Tax Brackets in the UAE?
Corporate tax compliance service providers can help businesses determine the correct tax rate based on their annual profits. The corporate tax brackets in the UAE are as follows
Companies with annual net profits up to AED 375,000
Tax Rate: 0%
Businesses earning up to AED 375,000 in annual profits are exempt from corporate tax and are not required to pay any tax on their income.
Companies with annual net profits up to AED 375,000
Tax Rate: 0%
Businesses earning up to AED 375,000 in annual profits are exempt from corporate tax and are not required to pay any tax on their income.
Companies with annual net profits up to AED 375,000
Tax Rate: 0%
Businesses earning up to AED 375,000 in annual profits are exempt from corporate tax and are not required to pay any tax on their income.
Licenses Available for DIFC Company Formation
Under the UAE’s new corporate tax framework introduced in June 2023, businesses in free zones can maintain their tax-free status if they meet specific conditions.
While free zone companies still benefit from a 0% corporate tax rate on qualifying income generated outside the UAE or within the free zone, they must be aware of the regulations.
If a free zone business conducts transactions with the mainland or generates non-qualifying income, a 9% corporate tax rate applies to that portion of profits. For businesses in free zones seeking professional advice on tax matters, corporate tax compliance services from expert corporate tax consultants in Dubai can help ensure full compliance with the new laws.
Regardless of their tax rate, all free zone businesses must comply with filing requirements, including submitting corporate tax returns to adhere to UAE regulations. Overall, while free zone businesses can enjoy tax incentives, adhering to UAE financial compliance is essential.
| Type of Free Zone | Description | Examples |
|---|---|---|
| Designated Free Zones | Offer a 0% corporate tax rate for a certain period, no customs duties, and 100% foreign ownership. Transactions within these zones are also VAT-exempt under UAE law. | Jebel Ali Free Zone (JAFZA), Dubai Airport Free Zone (DAFZA), Abu Dhabi Airport Free Zone (ADAFZ) |
| Non-Designated Free Zones | Still provide tax-free benefits for a limited time and no customs duties with 100% foreign ownership, but VAT exemptions may not apply. Businesses should consult compliance service providers for VAT and tax guidance. | Dubai Media City (DMC), Dubai Healthcare City (DHCC), Ajman Free Zone |
What is the Difference Between Corporate Tax and VAT?
While corporate tax is a direct tax imposed on a company’s profits, calculated annually based on income after deducting expenses, corporate tax compliance services help businesses ensure accurate filings. Businesses are responsible for submitting corporate tax returns to comply with government regulations.
In contrast, VAT is an indirect tax levied on the sale of goods and services at each stage of the supply chain. Businesses collect VAT from customers and remit it to the government.
Unlike corporate tax, which is filed annually, VAT is typically paid at the point of sale and reported more frequently, such as quarterly or monthly. A corporate tax compliance service provider in the UAE can help clarify the differences between these taxes for businesses navigating both
Types of Dubai Mainland Licenses
Commercial License
For trading activities such as retail, wholesale, and general trading.
Professional License
Required for service-based businesses like consulting, accounting, or legal firms.
Industrial License
Necessary for manufacturing and production units.
Tourism License
For businesses in hospitality, travel, and tourism.
E-commerce License
Enables businesses to conduct online sales and trade legally.
Real Estate License
Covers property management, brokerage, and real estate development.
Corporate Tax Compliance Procedure in the UAE
General Timeline : 1 to 4 weeks
Step 01 - Takes 1 to 2 days
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Step 02 - Takes 1 day
Step 03 - Takes 1 to 3 days
Step 04 - Takes 2 to 5 days
Step 05 - Takes 1 to 2 weeks
Step 06 - Takes 1 to 4 weeks
Documents Required for Corporate Tax Compliance
| Document | Description |
|---|---|
| Business License | Valid business license copy. |
| Tax Certificate | Evidence of government acknowledgment (if applicable). |
| Financial Statements | Audited financial statements for the last year. |
| Tax Returns | Copies of previously filed tax returns. |
| Ownership Documents | ID and passport copies of shareholders and directors. |
| Contracts | Relevant contracts impacting tax liabilities. |
| Bank Statements | Bank statements for the financial year. |
| Expense Records | Invoices and receipts for business expenses. |
| Governance Documents | Board resolutions and meeting minutes. |
