Corporate Tax Services in Dubai, UAE
Corporate Tax in UAE? Don’t worry! Our best UAE corporate tax consultants will register your business for corporate tax and help you with corporate tax planning in Dubai.
- 10+ Years Of Experience
- 1500+ Audits Completed
- Financial Experts
- 2500+ Consultation
10+ Years Of Experience
1500+ Audit Completed
Financial Experts
2500+ Consultation
Government Agencies We Collaborate With
Best Corporate Tax Consultants in Dubai
Are you struggling to adapt to these new tax changes and searching for the best corporate tax services in Dubai?
Look no further than TAR CSP corporate tax advisors. We are a leading corporate tax advisory firm in the UAE, serving businesses of all sizes. Our mission is to guide you through the complexities of corporate taxes.
We assist you in:
- Staying compliant with the UAE’s evolving tax regulations
- Optimizing your tax strategy for maximum savings
- Providing customized corporate tax consultancy services tailored to your business needs
What is Corporate Tax in UAE?
Corporate tax is federal income tax levied on businesses making more than $375,000 in a financial year. The laws and regulations for corporate tax in mainland and free zones are a little complicated.
Even if you are not liable to pay corporate taxes, you must still do the corporate tax register in UAE and file returns under specific circumstances. Expert assistance becomes mandatory to tackle federal corporate tax challenges in Dubai.
Let’s go through all the important information you must have about corporate tax in UAE.
Expert Consultation
- UAE
Corporate tax is a new concept and its implementation can be confusing and daunting for business owners. It is highly recommended to consult with an experienced corporate tax consultant in UAE. They will assist you with understanding further developments in corporate tax rules, regulations, circulars, and notifications from the Ministry of Finance and the Federal Tax Authority.
How to Register for Corporate Tax - UAE
You have to register with the Federal Tax Authority (FTA) in UAE if your business is subject to CT. You must also obtain a TRN - Tax Registration Number UAE within a certain timeframe. Similarly, businesses that are no longer required to pay taxes have to deregister within three months of closing the business or stopping business activities. You must consult with corporate tax consultants in Dubai to help you understand your situation and assist with registration and deregistration processes.
Entities Exempted from UAE Corporate Tax
Businesses must engage professional corporate tax advisors to find out if they are eligible for exemption or not. However, certain businesses are exempt from the UAE corporate tax, including the UAE Federal Government, Emirates Governments, and their related bodies. Companies engaged in specific activities, such as charities, social security funds, retirement pension funds, and certain investment funds, are also exempt from federal CT. These exemptions are outlined in Cabinet Decisions and Emirate-level tax regulations.
Corporate Tax in Free
Zones
Businesses registered in free zones are exempt from the corporate tax if they comply with the regulatory requirements and are not involved in business activities on the mainland. However, free zone businesses must register and file corporate tax returns. You must engage with the top corporate tax consultants in UAE to ensure your eligibility.
Applicable Corporate Tax Rate in UAE
The corporate tax rate, as per the Ministry of Finance (MoF), is 0% on taxable income of AED 375,000 or less. The corporate income tax rate is 9% when taxable income exceeds AED 375,000. Large corporations that meet the criteria associated with Pillar Two of the OECD Base Erosion & Profit-Sharing Project are subject to a different tax rate.
Corporate Tax Services in UAE to Avoid Penalties
Impact Assessment
Detailed Analysis Based on Legislation
Implementation
Post Implementation
Benefits of Corporate Tax Services in UAE
Corporate tax is federal income tax levied on businesses making more than $375,000 in a financial year. The laws and regulations for corporate tax in mainland and free zones are a little complicated.
Therefore, it is best to leave this to the experts and hire the best corporate tax services in the UAE. The benefits of hiring the top corporate tax professionals are –
Expert Guidance
Tailored Solutions
Cost Savings
Stress-Free Compliance
Strategic Planning
Risk Mitigation
Why TAR CSP Corporate Tax Services in Dubai?
TAR CSP is your trusted partner for corporate tax services in Dubai. Our team consists of experienced UAE corporate tax consultants. We have a client-centric approach for all our activities and a proven track record of helping businesses thrive in the UAE’s dynamic tax environment.
We ensure you remain aware of all new tax reforms and provide real-time tax assistance to help you remain compliant.
- We Prioritize Stakeholder Wealth: Our team of professional tax consultants only has one motive – to enhance the wealth of stakeholders.
- Strategic Tax Analysis: We assess tax-cost management options using effective strategies that do not go beyond legal formalities.
- Global Tax Management: Our total tax management strategies are developed to reduce tax burdens on international transactions of your business.
How TAR CSP Assists You?
TAR CSP offers end-to-end corporate tax services, including registration, remaining compliant, filing taxes, and submitting tax returns. We assist you in the following ways to ensure you are in compliance with FTA’s rules and regulations.
- Assessment and Advisory
- Compliance Services
- Audit, Registration
- Return filing
- Accounting
Still unsure about your decision?
UAE Tax Expertise
Client-Focused Expertise
Client-Centric Approach
Frequently Asked Questions About Trade License Renewals in Dubai
The cost of renewing a company trade license in the UAE depends on factors such as the type of business activities, the number of employees, and the annual rent of the office, shop, or warehouse.
- Professional Business License Renewal Fee: Approximately AED 8,000
- Commercial Business License Renewal Fee: Approximately AED 12,000
- Industrial Business License Renewal Fee: Approximately AED 15,000
At TAR CSP, we are here to assist you with renewing your company trade licenses in the UAE. Contact us for a free assessment to ensure a seamless renewal process.
- Sole Proprietorship: Owned by a single individual.
- Limited Liability Company (LLC): Requires a minimum of 2 partners and allows a maximum of 50 partners.
- Civil Works and Partnership Company: Requires at least two partners or more.
- Private Joint-Stock Company: Must have a minimum of three founders.
- Public Joint-Stock Company: Offers shares for public subscription and can have an unlimited number of partners.
A General Trading License in the UAE allows businesses to trade various goods/products listed in the Trade Category of the Activity Classification Guidebook. However, certain activities require additional approvals from relevant government authorities before they can be carried out. Some examples include:
- Gold Trading: Requires approval from Dubai Police.
- Chemical Trading: Requires approval from the Dubai Narcotics Department.
- Food Items Trading: Requires approval from Dubai Municipality.
Company trade license must be renewed before the expiry of the license, or it must be cancelled by the end of the expiry of the trade license. If renewal or cancellation of the license is not made, then,
- The Department of Economic Development (DED) impose a fine of 200/- AED every month on the company
- Bank suspends the corporate bank account of the company, so in that case, the owner cannot access the fund in the bank.
- If it is a trading company, then Dubai customs will suspend the custom code of the company. So, in that case, the customer cannot import or export any item.
- The Labour and Immigration Department will stop issuing visas under the company.
