UAE Corporate Tax

The UAE introduced Corporate Tax as per the Federal Decree-Law No. (47) of 2022. The introduction of Corporate Tax is intended to help the UAE achieve its strategic objectives and accelerate its integration into the global financial ecosystem.

The UAE’s Ministry of Finance introduced a 9% corporate tax rate for taxable income that exceeds AED 375,000. Businesses with profits falling below this threshold will be subject to a 0% corporate tax rate.

The corporate tax rate will be applicable to businesses having financial years beginning on or after 1 June 2023.

Every business has 9 months from the date of financial year-end to file the return, which will also be the deadline for registration.

As per the Ministerial Decision No. 82 of 2023, taxable persons with revenue exceeding AED 50,000,000 and Qualifying Free Zone Persons are required to prepare and maintain audited financial statements.

The Ministerial Decision No. 73 of 2023 allows small businesses to benefit from tax relief if their revenue does not exceed 3 million AED for the relevant tax period and each previous tax period.

The corporate tax law also includes provisions relating to taxable resident and non-resident, participation exemption regime, deductions, exempt income and tax groups.

The implementation of the Corporate Tax Law has given much significance to transactions with related parties and connected persons that should be set at arms-length and abiding by the OECD’s transfer pricing rules.

The introduction of Corporate Tax regime helps to provide UAE with a framework to adopt Pillar Two rules. Until such time the Pillar Two rules are adopted, multinational corporations will be subject to CT under the regular UAE CT regime.

Our team of experts can help you by:

  • Assistance with compliance as per CT Law
  • Assistance for CT Registration
  • Assistance with CT VAT Returns periodically
  • Providing CT Advisory services

At TGS Koya Chartered Accountants, we understand the significance of navigating the complex landscape of UAE corporate tax. With years of experience and a team of dedicated experts, we are committed to simplifying the process for you. TGS Koya is an independent member of TGS Global. We provide clear guidance, ensuring your business stays compliant and thrives in the competitive UAE market.

Our Services

UAE Corporate Tax Consultancy

Our expert team at TGS Koya specialises in UAE corporate tax consulting. We bring you a wealth of knowledge to help you make informed decisions that benefit your bottom line. With a focus on simplicity, we break down the intricacies of UAE corporate tax regulations, making them easy for you to understand and implement.

Corporate Tax Registration

Navigating the corporate tax registration process in the UAE can be challenging. At TGS Koya, we streamline this procedure, ensuring that your business is registered efficiently and complies with all applicable regulations. Trust us to guide you through the steps with clarity and precision.

Why Choose TGS Koya?

Understanding the Network Benefit

Regarding corporate tax matters, TGS Koya stands out for its extensive network benefit. Our team, comprising seasoned professionals, collaborates closely to leverage collective knowledge. This network benefit ensures that you receive well-rounded expertise in navigating the complexities of UAE corporate tax laws.

In-Depth Knowledge of Applicable Tax Laws

Navigating the intricate landscape of corporate taxes requires a solid understanding of applicable tax laws. TGS Koya prides itself on its knowledge of key regulations, including corporate tax (CT), value-added tax (VAT), double taxation agreements, and necessary compliance aspects such as transfer pricing. With us, you can trust that your business is in the hands of experts well-versed in the nuances of UAE tax legislation.

Tailored Guidance for Your Industry and Jurisdiction

Recognising that each business is unique, TGS Koya offers tailored guidance specific to your industry and jurisdiction. Our approach takes into account the distinct requirements and challenges you may face. We go beyond generic solutions, providing insights into reliefs and benefits available to entities in your particular sector and ensuring that our services align seamlessly with your business goals.

Assessing Applicability for CT and VAT

Determining the applicability of Corporate Tax (CT) and Value Added Tax (VAT) is critical in managing your tax obligations. TGS Koya conducts a thorough assessment to guide you on whether these taxes apply to your business. Our goal is clarity, allowing you to make informed decisions about your tax liabilities.

Continued Advisory Services at Various Stages

Our commitment to your success goes beyond the initial stages of assessment. TGS Koya provides continued advisory services, supporting you at various stages of your business journey. Whether you are a startup looking to understand your tax obligations or an established enterprise seeking ongoing compliance assistance, our team will guide you every step of the way.

Evaluating Tax Readiness, Impact Assessment, and Compliance Assistance

To ensure your business is well-prepared for tax obligations, TGS Koya offers a comprehensive suite of services. We evaluate tax readiness, conduct impact assessments, and provide compliance assistance. Our proactive approach helps you with potential challenges, ensuring your business operates smoothly within the UAE tax laws.

End-to-End Services: From Registration to Compliance

TGS Koya offers end-to-end services, guiding you through the entire process, from registration to ensuring ongoing compliance. We manage the necessary paperwork, approvals, and legalities, allowing you to focus on your core business activities. Our commitment is to initiate the process and support you continuously, offering extended assistance on all tax matters.

Open and Transparent Communication

Communication is pivotal for corporate tax, and at TGS Koya, we prioritise openness. Our team is committed to transparent communication, ensuring you are well-informed at every stage. This clarity empowers you to make informed decisions about your business's tax matters.

Proactive Problem-Solving for Confidence

TGS Koya does not just provide solutions; our tax consultants in Dubai take a proactive approach to problem-solving. We anticipate challenges and address them before they become issues. Our proactive problem-solving approach instills confidence, allowing you to navigate the dynamic landscape of corporate taxes.

Client-Centric Focus for Lasting Success

At the heart of our service philosophy is a client-centric focus. TGS Koya understands your unique business dynamics and aligns our services to meet your requirements. We prioritise your success, and our team contributes positively

How Can We Help You?

Compliance Assurance

Staying compliant with UAE corporate tax regulations is crucial for the success of your business. TGS Koya provides comprehensive guidance, ensuring your business adheres to all relevant laws and regulations.

Cost-Effective Solutions

Our approach to corporate tax consultancy is not just about compliance; it’s about optimising your tax strategy for cost-effectiveness. We help you identify opportunities for savings while maintaining legal and ethical standards.

Risk Mitigation

UAE corporate tax laws are subject to change. At TGS Koya, we stay ahead of the curve, informing you of any amendments that may impact your business. Our proactive approach minimises risks, giving you peace of mind.

Take the First Step Toward Corporate Tax Excellence

Our team is ready to assist you in understanding and implementing UAE corporate tax regulations. Contact us today to schedule a consultation, and let us pave the way for your business’s success. Trust TGS Koya as your partner in UAE corporate tax consulting.