We provide accounting, tax and financial software. whatsapp 00971502744200
Barakah Al Meezan for Accountants
We provide accounting, tax and financial software. whatsapp 00971502744200
Navigating the complexities of UAE Corporation Tax (CT) can be challenging. Our team of experienced tax professionals provides comprehensive compliance services to help your business meet its obligations efficiently and effectively.
Get a Free ConsultationThe UAE introduced Corporation Tax effective for financial years starting on or after June 1, 2023. It applies to most businesses operating in the UAE, with a standard rate of 9% on taxable profits exceeding AED 375,000. Understanding the scope of CT and its implications is crucial for your business.
You can find the official information on the Federal Tax Authority (FTA) website: FTA Website
Generally, all companies and other juridical persons conducting business in the UAE are subject to CT. This includes:
Specific rules and exemptions apply, particularly for:
It's vital to determine your specific obligations based on your business activities and structure. Contact us for a personalized assessment.
We offer a comprehensive suite of services to ensure your business remains compliant with UAE CT regulations:
Calculating your Corporation Tax liability involves several steps, including determining your taxable income and applying the appropriate tax rate. The formula is generally:
Taxable Income = Accounting Income - Deductions + Adjustments
Corporation Tax = Taxable Income x Applicable Tax Rate (usually 9%)
However, accurately calculating this can be complex due to various allowable deductions and adjustments. We can help you navigate these complexities.
The deadline for filing CT returns is generally nine months from the end of the relevant financial year. However, it's best to confirm the exact dates on the FTA website.
Penalties for non-compliance can include fines, interest charges, and other sanctions. It's important to stay compliant to avoid these penalties.
The standard Corporation Tax rate is 9% on taxable income exceeding AED 375,000.
Contact us today for a free consultation. Our team is ready to help you navigate the complexities of CT and ensure your business remains compliant.
Contact Us