As UAE finalizes its Corporate Tax Law, the Ministry of Finance (MoF) has provided essential guidelines to help businesses get ready. To ensure compliance, expert corporate tax consultants in Dubai like Shuraa Tax are already assisting companies.
Businesses in the mainland and Free Zones can find their tax status by working with top corporate tax consultants in Dubai. Gathering the necessary documents and financial records and understanding tax rates, exemptions, and regulations is essential.
By following corporate tax requirements, companies can avoid penalties and build trust with investors and shareholders. Staying informed and prepared will help you succeed in this changing tax environment.
Understanding the Scope of UAE Corporate Tax
Let’s break down the key points about the scope of UAE Corporate Tax:
- Applicability: All businesses and licensed individuals conducting commercial activities in the UAE fall under this law.
- Free Zone Businesses:
- Free Zone businesses are included under the UAE Corporate Tax.
- Those who comply with regulatory requirements and operate solely within the Free Zone can access current tax incentives.
- Foreign Entities:
- Foreign entities and individuals fall under the scope of corporate tax if they conduct regular trade or business operations in the UAE.
- Banking Operations: Banking operations are included in the UAE Corporate Tax regulations.
- Real Estate and Construction: Businesses involved in management, construction, development, agency, and brokerage activities are subject to UAE Corporate Tax.
- Consultation: Engaging a corporate tax consultant in Dubai can provide valuable guidance on compliance and navigating the regulations.
Exceptions and Tax Benefits in the UAE Corporate Tax Regime
The UAE Corporate Tax regime offers various exceptions and tax benefits that can significantly impact businesses and individuals.
- Some individuals are exempt from corporate tax in the UAE
- Companies earning income outside the UAE can claim tax credits for taxes paid in other jurisdictions, effectively exempting them from UAE tax on those profits.
Who is Included in the UAE Corporate Tax Bracket?
- Natural Persons: The UAE corporate tax regime includes sole establishments, proprietorships, and individual partners in unincorporated businesses. However, personal income remains tax-free.
- Legal Persons: Legal Persons include UAE companies and entities incorporated in the UAE and foreign entities with a permanent establishment or earning income in the UAE. This category encompasses Limited Liability Companies (LLC), Private Shareholding Companies (PSC), Public Joint Stock Companies (PJSC), and other legally established entities. Businesses can consult corporate tax consultants in Dubai to understand corporate tax implications on their profits better.
Navigating UAE Corporate Tax Filing Deadlines
Adhering to corporate tax filing deadlines is a vital part of corporate tax compliance. Missing deadlines can lead to penalties that affect your business’s finances and reputation. Timely and accurate filing is essential to avoid these risks.
Corporate tax consultants in Dubai specialize in keeping businesses on track with tax filings. They manage everything from preparing tax returns to submitting them on time. Their understanding of local and international tax laws ensures that your business stays compliant and avoids unnecessary fines. Working with a corporate tax advisory in the UAE provides peace of mind, knowing that all filing deadlines are met efficiently.
| Financial Year-End | Deadline to Submit the Return |
| 30 June | 31st Dec 2025 |
| 31 December | 30th Sep 2025 |
| 31 March | 31st Dec 2025 |
Benefits of Hiring Corporate Tax Consultants in Dubai
Hiring corporate tax consultants in UAE brings several benefits to businesses, especially with the new corporate tax regulations. These professionals provide personalized tax solutions, ensuring that your business optimizes its tax liabilities while complying with the law.
Here are some key advantages:
- Regulatory Expertise: Stay compliant with evolving UAE tax laws, including the latest corporate tax requirements. This ensures your business avoids penalties.
- Custom Tax Strategies: Develop tailored strategies to optimise tax liabilities and maximise deductions.
- Increased Efficiency: Outsource tax tasks to focus on core business operations.
- Risk Mitigation: Identify and reduce potential tax risks and avoid costly mistakes.
- Support for International Operations: Helps with international tax treaties and compliance for cross-border business.
- Stay Updated: Keep informed about changes in tax legislation and new opportunities.
- Financial Planning: Improve cash flow management through effective tax planning.
- Dispute Representation: Get support in tax disputes with authorities.
- Networking Opportunities: Access valuable industry connections.
- Cost-Effectiveness: Save on taxes and penalties, making it a wise investment.
Corporate tax consultants enhance compliance, reduce liabilities, and support business growth in Dubai’s competitive market.
Corporate Tax Consulting Service in UAE
Shuraa Tax Auditing offers a comprehensive suite of corporate tax services in the UAE to meet the diverse needs of businesses. Our specialised services cover all aspects of corporate tax management, ensuring accurate handling of tax liabilities.
Our expert tax consultants assist with the following:
- Corporate tax provisions and rates
- Exempt persons and businesses
- Taxable income calculations
- Corporate tax relief and deductions
- Related party transactions
- Tax loss and group provisions
- Corporate tax registration and deregistration
- Filing tax returns and addressing clarifications
- Compliance with anti-abuse rules and transitional provisions
Trust Shuraa Tax Auditing for a thorough and compliant approach to corporate tax services in the UAE.
Corporate Tax Compliance in Dubai
Corporate tax, introduced in the UAE in 2023, is a direct tax on the income of corporations. It applies to most businesses across the Emirates.
Corporate Tax Rates:
- 9%: Applies to taxable profits over AED 375,000 (approx. $102,000).
- 0%: Applies to taxable income up to AED 375,000, providing relief for small businesses.
Exceptions
- Foreign banks: Flat rate of 20% under specific emirate decrees.
- Oil & Gas companies: Subject to individual tax agreements.
- Multinational Enterprises: Different rates for those under the OECD’s BEPS 2.0 framework with global revenue over AED 3.15 billion (approx. $860 million).
Taxable Persons include:
- Resident Persons: UAE companies, foreign firms managed in the UAE, and individual businesses with over AED 1 million turnover annually.
- Non-Resident Persons: Companies with a UAE presence or UAE-sourced income.
For expert guidance, consider hiring a corporate tax consultant in Dubai to navigate these regulations.
How to Choose the Right Corporate Tax Consultant?
Choosing the right corporate tax consultant is essential for compliance and tax strategy optimisation. Start by evaluating their qualifications and experience in your industry, ensuring they are well-versed in UAE tax laws and recent changes.
Consider the range of services they offer, such as tax planning and audit support, to ensure they meet all your needs. Request client references, read reviews to gauge their reputation, and look for strong communication skills to explain complex issues clearly.
Inquire about their fee structure for transparency and ensure they use modern tax software for efficiency. Lastly, choose a consultant who provides ongoing support throughout the year. Considering these factors, you can select a corporate tax consultant who will effectively enhance your business’s tax compliance and strategy.
Top 10 Corporate Tax Consultants in Dubai, UAE
The top 10 corporate tax consultants in Dubai, UAE, are as follows:
- Shuraa Tax
Shuraa Tax Auditing is a leading corporate tax consultancy firm in Dubai, recognised for its expertise in navigating the complexities of the UAE’s tax landscape. Established to provide comprehensive tax services, Shuraa aims to help businesses ensure compliance while optimising their tax liabilities.
Services: Corporate Tax Advisory, Tax Compliance, VAT Consulting, Tax Planning, Tax Audit Support, Transfer Pricing Services, Risk Management, Training and Workshops
2. Farahat & Co.
Known for expert knowledge and professional assistance, Farahat & Co. offers various tax services, including corporate tax and VAT advisory.
Services: Auditing, Accounting, VAT Consulting, Liquidation, Trademark Registration, Payroll & HR Services.
3. A&A Associate LLC
Renowned for tax advisory and dispute resolution, they create effective tax strategies for clients.
Services: Accounting, Audit, Advisory, Legal Services, Assurance.
4. Taxman Tax Consultancy
This consultancy features a team of tax experts providing VAT implementation and compliance services.
Services: VAT, Financial Management, Legal Advisory, Accounting Software Consultancy, Corporate Tax.
5. BMS Auditing
Guides UAE’s tax system, focusing on compliance and planning.
Services: Audit, Accounting, Corporate Tax, VAT Services, Mergers & Acquisitions.
6. Accruon Consultant LLC
It offers extensive tax-related services, including VAT and corporate tax assistance, and has a strong reputation in the UAE.
Services: Corporate Tax, VAT Audit, Economic Substance Regulations, Management Consultancy.
7. Mazars
A prominent firm that assists clients in navigating UAE’s complex taxation, including transfer pricing and corporate tax planning.
Services: Audit, Business Advisory, Financial Advisory, Tax Compliance.
8. Charles and Darwish Associates (CDA)
Offers various accounting and auditing services to achieve favourable tax outcomes.
Services: Accounting, Audit, VAT, Payroll Services.
9. Sajjad Haider & Co.
Established in 1998, this firm is well regarded for its advisory services and has strong international connections.
Services: Audit, Tax, Advisory.
10. Deloitte
A global leader in tax consultancy, offering comprehensive services, including audits and VAT compliance.
Services: Audit, Consulting, Financial Advisory, Tax.
These firms offer various services to meet various corporate tax needs, ensuring compliance and strategic planning.
Corporate Tax Advisory Services in Dubai
As UAE’s business income taxes undergo continuous reforms, staying well-informed and compliant is crucial. Seeking guidance from a tax professional firm is the best way to navigate this evolving landscape.
Ready to ensure your business is compliant with UAE’s corporate tax laws? Trust Shuraa Tax for comprehensive and reliable corporate tax consulting services in Dubai. Reach out today at +971 508912062 or info@shuraatax.com for a consultation.
Frequently Asked Questions
Q1. What Services do corporate Tax Consultants in Dubai provide?
Corporate tax consultants help businesses in Dubai stay compliant with UAE tax regulations. Services include tax planning, advisory, compliance, transfer pricing, and audit support.
Q2. How Much Do Corporate Tax Consultants Charge in Dubai?
Fees range from AED 1,500* to AED 10,000 per month, depending on the scope of services and the business size.
Q3. Are Corporate Tax Consultants Necessary for Free Zone Companies?
While not mandatory, corporate tax consultants are beneficial for free zone companies to navigate regulations, maximise tax incentives, and avoid penalties.
