Corporate Tax Consultancy in UAE

Corporate Tax Consultants in UAE
February 14, 2024Dated:  | | Corporate Tax |

Tax Consultants in Dubai, UAE

With the introduction of the Corporate Tax in the United Arab Emirates with that standard corporate tax rate of 9 per cent, business owners are required to make significant changes in their company to cope with the regulation of this corporate law.

You are additionally required to the new corporate tax system. Since business needs and requirements vary from business to business, these companies are required to rely on the best Corporate Tax Consultancy in UAE, like FlyingColour Tax, who have expertise in providing solutions in all aspects of Corporate tax.

If you do not know anything about Corporate Tax Consultants in UAE, then you are required to read this article. In this article, we will provide you with every crucial detail about these consultancy services. Furthermore, we are going to describe to you about how this consultancy works to help you adhere to the regulation of corporate tax.


So, without making more delay in our journey about UAE corporate tax consultants. Let us get started.

Corporate Tax Consultancy in UAE


Corporate Tax in UAE – Overview

The UAE corporate tax will be 9% on the profits of all businesses that generate more than AED 375,000 or $102,000 (Approx.)*. Businesses that generate less than AED 375,000* will be subject to zero percent of corporate tax.

In addition to the corporate tax, the UAE has also declared that large multinational companies with profits of more than EUR 750 million* will have to pay a 15% tax – this is aligned with the Global Minimum Corporate Tax Rate agreement.

The new UAE corporate tax has already come into effect in the tax year from June 1st, 2023. Therefore, most companies will have to begin setting aside money in an effort to pay their taxes from that date. Businesses whose tax year starts in January will not need to begin paying tax on revenues generated before 1st January 2024.



Objective of Corporate Tax Consulting in UAE

Corporate Tax Consultancy in UAE aids business owners, along with businesses, in understanding the tax structure of a nation. These consultancies include uncountable services, like tax planning, tax analysis, tax return submission, Tax compliance and tax payment.

Selecting a corporate tax consultant in the UAE is a perfect strategy that keeps businesses or humans informed of the nation’s current tax regulations.  However, there are specific objectives of these consultancies. Here is the list of objectives of Corporate Tax Consultants in UAE:


  • Utilizing sensible strategies, improving revenue, and reducing costs of a business.
  • Reducing your tax obligation and adhering to tax legislation
  • Developing metrics-based performance evaluations in order to assess market trends
  • Provides assistance & corporate tax consultancy for companies in the UAE
  • Assessing and finding the suitable approach to implement CT for your company
  • Weighing the pros and cons of your corporate structure
  • Helping you choose the proper corporate tax schemes, whether they are optional or required.
  • Help you save time and money by receiving the appropriate bookkeeping training.

Corporate Tax Consultancy in UAE

How Corporate Tax Consultancy Benefits Your Business

With the help of Corporate Tax Consultants in UAE, you will able to enjoy a wide number of advantages. Here is the list of benefits that you may obtain with the help of this consultancy:


1. Navigating the Complexities of Tax Legislation

The intricate and ever-revolutionary nature of tax laws in the United Arab Emirates is the primary reason businesses require Corporate Tax Consultancy in UAE. The UAE has been proactive in fortifying its tax framework, introducing amendments in order to align with global standards.

Staying abreast of these changes may be overwhelming for companies, and non-compliance can result in severe repercussions. Corporate tax consultants specialize in deciphering and implementing the latest tax regulations in order to ensure businesses remain compliant and avoid avoidable penalties.


2. Tailored Strategies for Diverse Business Structure

The United Arab Emirates enhances a diverse business terrain, encompassing free zones. Mainland businesses, and uncountable industry sectors. Each entity is subject to different tax regulations, and a uniform approach is sufficient.

Corporate Tax Consultants in UAE tailor their strategies to align with the unique needs along with the structure of each business. Whether it is a startup, a multinational corporation, or an SME, these professionals develop bespoke solutions that address specific tax challenges and capitalize on an opportunity.


3. Building Stronger Financial Foundations

In the dynamic business environment of the United Arab Emirates, developing a resilient financial groundwork is essential. UAE corporate tax consultants serve as integral architects, providing extensive financial insights that empower businesses to navigate strategically.


Leveraging their specialized knowledge, organizations may execute well-informed decisions, intricately aligning with financial objectives. This strategic alignment not only propels instant success but also fortifies long-term resilience.

Procedure of Corporate Tax Consultants in UAE 

Our Corporate Tax Services & Advisory in UAE provides companies like you with assistance to implement corporate tax laws within your businesses in compliance with the tax regime, fill out your tax returns, and provide your company with complete tax support. However, we perform a certain number of steps in an effort to assist you in achieving success. Here is the list of the steps that we follow in this consultant:


  1. Assessment of tax obligation – We will assess your enterprise activities, economic facts, and different applicable information if you want to decide the taxes that your enterprise wants to pay.
  2. Corporate Tax registration– We will assist your company to get registered for Corporate Tax and obtain the Corporate Tax Registration Number. This includes Corporate Tax registration for companies, natural persons, group registration etc.
  3. Tax planning – Based on the evaluation, our tax representative will suggest tax-saving strategies and possibilities to reduce your legal tax responsibility.
  4. Preparation and filing of tax returns –  We will broaden corporate tax audited financial reports and file Corporate tax returns on behalf of your business to ensure accuracy and compliance with tax regulations.
  5. Payment of taxes: We will ensure that your agency can pay its taxes on time and within the right amount.
  6. Representation in case of tax audits – In the event of a tax audit, we can offer you with assist and steerage to ensure a smooth procedure.
  7. Ongoing support and advice  – Our consultants are going to provide you with ongoing assistance and tips on tax-related subjects to be able to make certain that your enterprise stays compliant with tax guidelines.


Why you should consult FlyingColour Tax?

FlyingColour Tax provides Corporate Tax Consultants in the UAE. We can help you to implement the new tax regime in your business. Furthermore, we can help you to ensure that your business effectively follows the tax regime.

To learn more about Corporate Tax Impact Assessment, book a free consultation with one of Flyingcolour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.

This article was published on 14-02-2024. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent updates or change.

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