Navigate the UAE Tax Landscape with Precision, Compliance, and Strategic Optimization.
UAE has been evolving to a mature tax environment and Corporate Tax Return Filing in UAE has become a critical obligation for businesses registered or operating the country. The Federal Decree Law No.47 of 2022 which is UAE Corporate Tax Law published on 09 December 2022 which is in effect from 01 June 2023. Since then, every taxable person- including Free Zone entities- is required to comply with the tax regime regulations to comply with the procedures of UAE Federal Tax Authority (FTA).
At Flying Colour Tax Consultant, we provide the best solutions for businesses to comply with Corporate Tax law through our Corporate Tax Reporting Services in Dubai. Our qualified tax experts have mission to simply the complexities of the 9% tax regime, ensuring your business comply with regulations, maximize the available relief, tax incentives, potential 0% Corporate Tax if eligible while making sure a zero-penalty record and timely Corporate Tax filings.
Filing a Corporate Tax return in the UAE is just not disclose your accounting profit and pay the taxes. While the Corporate Tax calculation starts with accounting profit, there are many adjustments required to arrive at the “Taxable Income” including disallowed expenses, related party transactions, and exemptions. Corporate Tax is due on the taxable income and report you submit without knowing the tax adjustments can lead to severe financial repercussions.
We, Flying Colour Tax Consultant, your dedicated Corporate Tax Consultant in Dubai can provide:
We derive your business' "Taxable Income" from your accounting net profit after applying adjustments specified in UAE Corporate Tax Law, including exemptions, depreciation adjustments, interest expenditures, and non-deductible expenses.
Many reliefs and exemptions are available including Small Business Relief, Foreign Tax Credits, and Participation Exemption. It's crucial to apply eligible exemptions to reduce tax liability.
Corporate Tax returns must be filed within 9 months from the end of the financial year. Failure results in administrative penalties on a monthly basis and annual interest on due tax.
Obtaining Corporate Tax Registration Number (TRN) is mandatory for every business in the UAE. The application for Corporate Tax registration must be submitted within 3 months from the date of incorporation. While the application seems simple, the wrong or missing information/ documents in the application can cause delay in approval and future complications. We ensure your business is registered on time with accurate details as per the FTA standards to avoid late registration penalty of AED 10,000.
We prepare comprehensive returns, including:
Under Ministerial Decision No.73 of 2023, any business registered in the UAE with revenue below AED 3 Million may elect Small Business Relief, allowing the business to pay no tax regardless of profit and file a simplified tax return. Our experts help determine, year by year, whether this relief is beneficial for your business. While SBR offers advantages of no tax and simplified filing, it has drawbacks such as blocking businesses from carrying forward losses.
UAE Corporate Tax Law mandates that arm's length must be maintained for all transactions with "Related Parties" and "Connected Persons". Your business must comply with Transfer Pricing regulations to avoid FTA intervention and backdated adjustments with penalties and interest. We provide 360-degree analysis while preparing Corporate Tax returns and assist with necessary TP disclosure and local/master files required for compliance.
A "one size fits all" approach does not work for UAE Corporate Tax. Our Corporate Tax Reporting services are tailored to your industry:
We handle transitional relief for qualifying immovable property, complex interest capping rules (30% EBITDA or AED 12 Million whichever is higher), and development agreement transfer pricing policy setup.
We analyze "Qualifying Free Zone Persons" (QFZP) eligibility and recommend necessary changes to your business model to ensure 0% tax status.
We specialize in cross-border transactions and advisory on Permanent Establishment (PE) risks and mitigations.
The UAE government continuously puts efforts to minimize compliance burden. However, non-compliance is costly. Strict administrative penalties apply for any tax law violations, as per Cabinet Decision No. 75 of 2023.
Partner with us for Corporate Tax filing assistance in Dubai to ensure you never face these fines, as your tax matters are handled by our expert FTA-approved Tax Agents.
We scrutinize your financial statements (Audited or Unaudited) to identify tax-sensitive areas.
We prepare the tax report from IFRS/Accounting Profit to "Taxable Profit" by applying all relevant tax adjustments.
We apply elections correctly, both mandatory and optional, that benefit your business in reducing tax liability.
Our Corporate Tax Experts fill the tax return in the Emaratax portal, file, and generate GIBAN for tax payment, if any.
We keep all relevant records pertaining to the Corporate Tax return filed for a minimum period of 7 years.
All UAE registered companies (including mainland, free zone, and offshore), foreign companies with effective management in the UAE, foreign companies with permanent establishment or nexus in the UAE, and natural persons conducting business in the UAE with turnover exceeding AED 1 million in a Gregorian calendar year are subject to UAE Corporate Tax.
No. The 9% Corporate Tax applies to taxable profit exceeding AED 375,000. Taxable profit up to AED 375,000 is taxed at 0%.
Yes. Subject to conditions, Free Zone companies are eligible for 0% Corporate Tax on their Qualifying Income. However, this does not exclude Free Zone companies from Corporate Tax filing requirements.
Any business (companies and individuals conducting business in the UAE) with annual turnover exceeding AED 50 Million and all Qualifying Free Zone Persons wishing to claim 0% Corporate Tax must prepare and maintain audited financial statements.
Don't let tax compliance shift your focus from your core business. Flying Colour Tax Consultant, with deep knowledge of local taxes and international tax standards, can take care of your Corporate Tax Services in UAE. We are a registered Tax Agency with the UAE Federal Tax Authority with expert tax agents in Dubai.
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