Book a Free Consultation With Our Experts
Corporate tax in the UAE is a new initiative aimed at diversifying revenue sources, ensuring transparency, and fostering economic growth. This measure requires all businesses to comply with specific rates and regulations to support the UAE’s competitive environment.
Value Added Tax (VAT), introduced in January 2018, is a consumption tax set at a standard rate of 5% on most goods and services. It applies to businesses meeting certain thresholds and is designed to further diversify revenue sources. The VAT system mandates businesses to register, collect tax, file returns, and maintain accurate records.
- Register for corporate tax starting June 2023.
- Maintain accounting records according to required standards (e.g., IFRS).
- File a corporate tax return with the Federal Tax Authority.
Even if a business is exempt from paying corporate tax, it must still register and follow these steps to determine its exemption status.
- Mandatory Registration: Required if your company’s taxable goods and services exceeded AED 375,000 in the past 12 months or is expected to exceed AED 375,000 in the next 30 days.
- Voluntary Registration: Optional if your company’s taxable goods and services exceeded AED 187,500 in the past 12 months or is expected to exceed AED 187,500 in the next 30 days.
Corporate Tax Advice
Our experts will guide you on all aspects of corporate tax affecting your business. This includes identifying potential tax exemptions and helping you take advantage of them.
Corporate Tax Registration
Our team will help you register your business for corporate tax with the FTA and manage all deadlines for your tax obligations.
Corporate Tax Returns
Our team will review your tax position, ensure you get the best outcome, and handle all required filings with the FTA throughout the year.
Tax Consultation
Speak with our qualified tax experts for customized planning to achieve efficient tax outcomes and ensure compliance with all obligations. We also assist in securing individual or corporate tax residency certificates from the Federal Tax Authority.
VAT Registration (TRN)
Our in-house accountants will handle your VAT registration with the FTA, advice on VAT exception eligibility, and issue your Tax Registration Number (TRN) certificate.
VAT Returns
Our team prepares quarterly VAT reports to help you determine if you have VAT payable/refund.
- 0% Tax Rate: For businesses with net annual profits up to AED 375,000.
- 9% Tax Rate: For businesses with net annual profits above AED 375,000.
- 15% Tax Rate: For large multinational companies with total global revenue over EUR 750 million
- 5% Tax Rate: For businesses with taxable goods and services exceeding AED 375,000.
- 0% Tax Rate: Applied to specific goods and services, including international transport and certain healthcare and education services.
- Exemptions: Includes financial services, residential real estate, and certain educational services.
Understanding your Requirements
Registering your Business with FTA
Maintain Accurate Invoices/Records
Calculate your Tax
Filing your Tax Return
Pay your Tax
