Dubai Business Services is the top choice for corporate tax consultants in Dubai. We guide companies and ensure they comply with the changing tax laws in the UAE. Companies must follow the new corporate tax rules, but they also find smart ways to save money and increase profits. Our team understands this well and offers each company a plan that suits their needs.
We are known as a trusted tax support service in the sector. We explain to companies what they need to do about taxes, help them sign up and create good tax plans. Our tax support ensures that companies follow UAE tax laws and get all the savings they can. Whether you are just starting out, a mid-sized firm or a large group, we can help you stay strong and grow quickly.
What Is Corporate Tax In The UAE?
Corporate tax is a federal tax imposed on companies earning more than $375,000 per year. The rules for taxes on the free zones and the mainland are slightly different.
Even if you donβt have to pay corporate tax, you will still need to register for corporate tax in the UAE and in some cases file a tax return. You will need expert help to navigate the corporate tax rules in Dubai.
Hassle-Free Corporate Tax Registration Services in Dubai
After the corporate tax registration service in Dubai is launched, companies in Dubai must complete tax registration to comply with the regulations. We at DBS business group make this easy for businesses by handling all parts of tax registration in a smooth and timely manner.
Corporate Tax Consultants in Dubai
1. Determine Tax Eligibility
Before starting the registration process, our corporate tax consultants check whether your company needs to register under the tax laws or not. Some companies do not need to register based on their size, sales or type of business.
2. Collect Required Documents
For corporate tax registration service in Dubai, companies need to provide some papers such as valid trade licences, account records, business owner details and other papers. Our team helps in collecting and checking all the required documents to avoid any errors.
3. Submit Corporate Tax Registration Application
We manage the entire process by submitting the required forms through the Federal Tax Authority (FTA) portal. Our experts ensure that all data is entered correctly to prevent any hold-ups or rejections.
4. Obtain Tax Registration Number (TRN)
After completing the registration, the company receives a tax registration number (TRN), which proves that they are following the UAE company laws.
5. Ongoing Tax Compliance and Filings
Once a company is registered, it must comply with tax regulations and meet due dates. Our team provides complete support to ensure that your company stays on track with taxes and sends filings on time.
Scope of UAE Corporate Tax
Corporate tax in the UAE will apply to:
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All companies and individuals doing business in the UAE under a trade license
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Free zone companies - if they follow with all regulations and do not operate offices in the mainland area, the UAE will still grant tax benefits to free zone companies
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Foreign companies and individuals only if they conduct business or trade in the UAE on a frequent or regular basis
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Banks and financial services
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Companies engaged in real estate such as construction, management, sales or assistance in transactions
How to Register for Corporate Tax - UAE
If your business needs to pay corporate tax (CT) in the United Arab Emirates, you must register with the Federal Tax Authority (FTA). You must also receive a tax registration number (TRN) within the time limit given in the UAE. If your business stops or stops paying taxes, and now there is no need to pay taxes, you must deregister within three months. It is best to talk to experts in Dubai to understand your case and get help with registration or delegation.
Entities Exempt from UAE Corporate Tax
Companies should talk to tax advisers if they can get discounts. However, some companies do not have to pay corporate tax in the United Arab Emirates. This includes UAE's federal government, local Emirates governments and their respective departments. Some companies, such as charity, social funds, pension funds and some investment funds are also exempt from paying CT. These rules have been explained in cabinet decisions and emirates of the tax laws.
Corporate Tax in Free Zones
Companies established in free zones do not have to pay corporate tax if they follow the rules and do not trade with the mainland. However, these free zone companies still need to register and submit your tax return. To check if you are qualified and to stay within the rules, you should talk to a good business advisor in the UAE.
Applicable Corporate Tax Rates in the UAE
According to the Ministry of Finance (MOF), AED 375,000 or minor payments are 0% taxable income. If taxable income is more than AED 375,000, 9% is used to be a corporate tax rate. Large companies that meet the rules under Pillar Two of the OECD Base Erosion and profit sharing scheme may have to pay their own interest rate.
Corporate Tax Services Process in Dubai
Our corporate tax service is carefully designed to simplify corporate taxes for your business, ensure you comply with the regulations, simplify tax return filing and provide complete tax support through the following steps:
Tax Liability Assessment:
Our tax expert checks your business operations, financial records and other details to find out what taxes your business will have to pay.
Tax Planning:
After the audit, our tax expert gives you helpful tips to save on taxes and uses smart ways to reduce your total tax amount.
Tax Return Preparation And Filing:
The tax expert prepares your audited financial reports and sends your tax return to the tax office, ensuring that everything is correct and complies with the regulations.
Tax Payment:
To ensure that tax payments are made correctly and on time, our tax expert checks that your business pays taxes correctly and without delay.
Representation In The Event of a Tax Audit:
If there is a tax audit, our tax experts speak for your business and provide full assistance and support to facilitate the audit process.
Ongoing Support And Advice:
Our tax experts continue to provide assistance and advice on tax matters to ensure that your business is always compliant with the latest tax laws.
DBS Group is one of the most trusted companies in the UAE for corporate tax services. With over 17 years of experience, Dubai Business Services Group has worked with many government, private and public companies, demonstrating in-depth knowledge.