Home – Corporate Tax in Dubai
We provide expert guidance on corporate tax management in the UAE, aiming to solve business tax solutions.
Corporate tax consultancy offers professional advice to businesses, ensuring compliance with regulations, tax planning, and strategic advice to minimize liabilities, optimize tax positions, and avoid fines.
We are here 24/7 to assist with business formation in Dubai, auditing, accounting, and tax services in UAE. Contact us: +971 565539955.”
The UAE's Corporate Tax Law has been amended to require company registration, with the Federal Tax Authority imposing a fine of AED10,000 for non-registered companies. The MoF announced a Corporate Tax on net profit in January 2022, which will come into effect on June 1, 2023, or January 1, 2024. The UAE government follows OECD rules and regulations. Corporate Tax is mandatory for judicial persons, foreign juridical persons, and natural persons engaged in business activities. Natural persons with a taxable income greater than AED 375,000 are subject to a 9% tax rate. Tax returns must be filed within nine months.
Corporate tax consultancy is essential for businesses to manage the complex tax landscape in the UAE. Companies ensure compliance with local laws, minimize tax liabilities, avoid penalties, and take advantage of tax benefits. Our professional service enhances financial efficiency and stability and builds stakeholder trust, supporting sustainable business growth.
Mehar Business Accounting provides UAE-based corporate tax consultancy services, focusing on strategic tax planning, filing returns, and ensuring compliance with tax laws. We offer in-depth tax compliance reviews, risk assessments, and advice on complex tax issues. Our services also support corporate tax registration, guiding clients through registration and helping them understand their obligations. Clients' partnership with Mehar Business Solution offers Accounting to ensure a smooth, hassle-free process for businesses.
Corporate tax registration is registering a business with the tax authority to comply with regulations, obtaining a tax registration number, and providing detailed information about the company, including financial records, ownership structure, and business activities, to ensure legal compliance.
Corporate tax registration in the UAE is very important for legal compliance and business legitimacy. It ensures government recognition, facilitates transparency in financial reporting, builds trust with investors and regulatory authorities, and offers structured tax planning and management. We help optimize tax liabilities and support sustainable growth, ensuring businesses can operate within the legal framework.
The Ministry of Finance has adjusted its Violations and Penalties for violations of Federal Decree-Law No. 47 of 2022, affecting businesses with tax periods in January or February. Starting March 1, 2024, companies will face AED 10,000 DH penalties. Registration must be completed by May 31, 2024.
The registration procedure requires essential paperwork, with additional actions depending on the company's structure or whether it is a foreign company.
If your business no longer meets corporate tax registration criteria, de-register with the FTA, file mandatory documents, and clear outstanding obligations promptly to avoid payment penalties.
UAE businesses must annually file tax returns, including income, expenditures, and tax liabilities, with proper accounting records required to comply with the FTA and avoid penalties.
The standard corporate tax rate is 9% for businesses above AED 375,000 and 0% for those below, but specific industries may have different rates.
UAE businesses, including government entities, natural resource extractions, and public benefit organizations, may be partially or wholly exempt from corporate Tax, with eligibility requirements determined by the FTA.
Businesses in free zones can enjoy tax exemptions or lower rates but must register for corporate Tax and submit annual returns. To maintain status, they must meet local economic activity benchmarks.
Mehar Business Solution LLC assists companies in UAE Corporate Tax registration, ensuring compliance, preventing penalties, and negotiating tax difficulties efficiently through document submission and efficient negotiation.
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