Barakah Al Meezan Accountants

Mai Tower, Dubai

0502744200

mkashif.azad@gmail.com

Welcome to Barakah Al Meezan for Accountants - Experts in Accounting, VAT and Corporation Tax Services in the UAE
At Meezan Al Barakah, we understand the complexities of tax regulations and the importance of staying compliant in the ever-evolving business landscape of the UAE. Whether you're a startup, a small business, or a large enterprise, we provide tailored accounting services designed to help you navigate VAT and corporation tax with ease and confidence.

Our Services

We specialize in the following key areas to ensure your business remains fully compliant and optimized for tax efficiency:
VAT Services
As the UAE continues to implement and refine VAT regulations, we help businesses understand their VAT obligations, file returns accurately, and ensure compliance with the Federal Tax Authority (FTA). From registration to advisory services, we've got you covered.
Corporation Tax Advisory
Our team of tax experts provides comprehensive support in understanding the new corporation tax laws and their implications for your business. Whether you're looking for strategic tax planning or need help with your corporate tax filing, we're here to guide you through every step.
Tax Compliance & Filing
Accurate, timely filing is critical to avoid penalties and maintain good standing with the authorities. Our experts ensure your tax filings are always on time and in full compliance with UAE tax laws.
Accounting and Review Services
We provide thorough audits and reviews of your financial records, ensuring transparency and helping identify areas of improvement in your financial operations.
Custom Solutions for Businesses of All Sizes
Whether you're an individual entrepreneur or part of a multinational corporation, we tailor our services to meet your specific business needs, offering solutions that are both efficient and cost-effective.

Why Choose Us?

Expert Knowledge
Our team consists of qualified accountants and tax professionals with deep expertise in UAE tax laws, VAT, and corporation tax. We stay updated on all legislative changes to ensure your business is always in compliance.
Personalized Service
We take the time to understand your business and offer solutions that align with your goals. Our focus is on providing proactive advice and clear guidance to help you make informed decisions.
Timely & Efficient
We understand the importance of deadlines in tax compliance. Our team ensures that your returns, filings, and reports are always completed on time, avoiding costly fines or penalties.
Competitive Pricing
We believe in offering high-quality services at competitive rates. We provide transparent pricing with no hidden fees, so you know exactly what you're paying for.

Get in Touch

Ready to simplify your VAT and corporation tax processes? Let us help you stay on track with the latest regulations while optimizing your tax liabilities.
Contact Us Today to schedule a consultation with one of our expert tax advisors.
Phone: 00971502744200
Email: mkashif.azad@gmail.com
Location: Dubai, UAE

Latest Insights & Resources

Stay informed with our blog, where we share valuable articles, updates on tax laws, and best practices for managing your business's finances in the UAE.
How VAT Impacts Your Business in the UAE
Navigating UAE's New Corporation Tax Laws

Client Testimonials

"Meezan Al Barakah has been invaluable in helping us navigate VAT registration and compliance. Their expertise and timely advice have saved us a lot of time and money."
– the Refreshment company
"The team helped us understand the new corporation tax rules and optimized our tax planning, ensuring we remain compliant while maximizing our tax benefits."
– Business set up services company

UAE Corporation Tax Compliance: Stay on the Right Side of the Law

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.

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What is UAE Corporation Tax?

The 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

Who is Subject to UAE Corporation Tax?

Generally, all companies and other juridical persons conducting business in the UAE are subject to CT. This includes:

Companies incorporated in the UAE
Foreign companies with a permanent establishment in the UAE
Individuals conducting business with a turnover exceeding a certain threshold (to be specified by the FTA)

Specific rules and exemptions apply, particularly for:

Qualifying free zone persons
Businesses engaged in extractive industries

It's vital to determine your specific obligations based on your business activities and structure. Contact us for a personalized assessment.

Our UAE Corporation Tax Compliance Services

We offer a comprehensive suite of services to ensure your business remains compliant with UAE CT regulations:

Registration: Assistance with registering your business for CT with the FTA.
Tax Planning: Developing strategies to calculate your CT liability while remaining compliant.
Compliance Review: Thorough review of your financial records to identify potential compliance issues.
Tax Return Preparation & Filing: Preparing and filing your CT returns accurately and on time.
Audit Support: Representing your business during CT audits.
Advisory Services: Providing ongoing advice and support to address any CT-related questions or concerns.

Calculating Your UAE Corporation Tax

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.

Benefits of Choosing Barakah Al Meezan for CT Compliance

Expert Knowledge: Our team has in-depth knowledge of UAE CT regulations.
Proactive Approach: We proactively identify and address potential compliance issues.
Personalized Service: We provide tailored solutions to meet your specific business needs.
Peace of Mind: We help you avoid penalties and ensure you are fully compliant with UAE CT laws.

Frequently Asked Questions (FAQ) about UAE Corporation Tax Compliance

What is the deadline for filing UAE Corporation Tax returns?

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.

What are the penalties for non-compliance with UAE Corporation Tax?

Penalties for non-compliance can include fines, interest charges, and other sanctions. It's important to stay compliant to avoid these penalties.

What is the Corporation Tax rate in UAE?

The standard Corporation Tax rate is 9% on taxable income exceeding AED 375,000.

Need Help with UAE Corporation Tax Compliance?

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.