UAE Corporate Tax Advisory for Federal Regulations
Are you navigating the intricate landscape of Federal Corporate Tax (CT) in the UAE? Look no further, as we provide expert tax consulting services tailored to meet your business needs. The United Arab Emirates is committed to becoming a global business and investment hub while adhering to international tax transparency standards. As part of this endeavor, the UAE has introduced a competitive Federal Corporate Tax (CT) Law.
As a form of direct tax, the 9% UAE Corporate Tax (CT) rate stands as one of the lowest CT rates in the GCC and globally, maintaining the UAE’s allure for foreign investment.
Effective from the financial year beginning on or after June 1st, 2023, and applicable across all Emirates, businesses and commercial activities with a net profit exceeding the threshold of 375k AED are subject to a 9% Corporate Tax (CT).
Adhering to internationally accepted accounting standards and following the best global practices is more crucial than ever. Corporate Tax (CT) is now payable on the accounting net profit reported in the financial statements of the business, with minimal exceptions and adjustments.
Comprehensive Insight into Federal Corporate Tax (CT)
Commencing from the financial year starting on or after June 1st, 2023, and applicable across all Emirates, businesses and commercial activities with a net profit surpassing 375,000 AED are obligated to pay a minimal 9% Corporate Tax (CT) rate. This rate, notably one of the lowest in the GCC and globally, further elevates the UAE’s attractiveness for foreign investment.
Navigating Your Corporate Tax Journey with Our Comprehensive Services:
CT Registration
Fulfill your legal obligations by registering your business with the UAE tax authorities and establish your corporate tax status.
CT Health Check
Evaluate and enhance your corporate tax practices to ensure compliance and maximize financial efficiency in the UAE.
Structure Planning
Strategically plan and optimize your corporate tax structure in the UAE to minimize liabilities and enhance tax savings.
Corporate Tax Returns
Ensure timely and accurate filing of corporate tax returns to meet UAE tax regulations and maintain proper financial records for your business.
Our Expertise in Action: How We Can Assist You
Corporate Tax Registration
Synergy Premier Accounting & Tax Consultancy LLC streamlines the process of Corporate Tax Registration, ensuring your business complies with all tax regulations in the UAE. Our expert team navigates the complexities of tax registration, guiding you through the necessary steps with precision. By partnering with us, you can trust that your corporate tax registration is executed efficiently, allowing you to focus on your core business activities while maintaining compliance with the ever-evolving tax landscape in the UAE.
Transfer Pricing Cosulation
At Synergy Premier Accounting & Tax Consultancy LLC, we offer expert Transfer Pricing Consultation services to assist businesses in navigating the intricacies of cross-border transactions. Our experienced consultants provide strategic insights into establishing and managing transfer pricing policies, ensuring compliance with international regulations. By leveraging our expertise, businesses can optimize their intercompany transactions, minimize tax risks, and enhance overall financial efficiency. Trust Synergy Premier Accounting & Tax Consultancy LLC for comprehensive Transfer Pricing Consultation that aligns with your global business objectives.
Corporate Tax Consultation
Navigate Corporate Tax Complexity with Synergy Premier Accounting & Tax Consultancy LLC’ Consultation Services. Our expert team provides tailored Corporate Tax Consultation, offering strategic insights to optimize your tax position while ensuring compliance with evolving regulations in the UAE. Whether you’re seeking to minimize liabilities or enhance tax efficiency, our consultants are dedicated to guiding your business towards sound financial decisions. Partner with Synergy Synergy Premier Accounting & Tax Consultancy LLC for expert advice that aligns with your corporate goals and secures your financial well-being.
Corporate Tax Implementation
At Synergy Premier Accounting & Tax Consultancy LLC, we specialize in seamless Corporate Tax Implementation to ensure your business fully aligns with prevailing tax regulations in the UAE. Our dedicated team executes a meticulous plan tailored to your business, guiding you through the implementation process with precision. Whether optimizing deductions or enhancing overall tax efficiency, our experts are committed to delivering a comprehensive corporate tax strategy that supports your financial goals. Choose Synergy Synergy Premier Accounting & Tax Consultancy LLC for expert implementation that ensures your business remains compliant and poised for financial success.
Corporate Tax Health Check
Synergy Premier Accounting & Tax Consultancy LLC offers a thorough Corporate Tax Health Check service designed to assess and optimize your business’s tax health. Our experienced professionals conduct a comprehensive examination of your corporate tax position, identifying opportunities for efficiency, risk mitigation, and compliance improvements. With a focus on enhancing your overall financial well-being, our tailored Corporate Tax Health Check ensures that your business is strategically positioned in alignment with current tax regulations in the UAE. Trust Synergy Premier Accounting & Tax Consultancy LLC for a proactive approach to maintaining a healthy and compliant corporate tax profile.
Corporate Tax Return Filing
Synergy Premier Accounting & Tax Consultancy LLC simplifies the corporate tax return filing process, providing businesses in the UAE with a streamlined and efficient service. Our expert team ensures accuracy and completeness in preparing and filing your corporate tax returns, adhering to the latest regulations. By entrusting us with your corporate tax return filing, you can navigate the complexities of tax compliance seamlessly, allowing you to focus on your core business activities with confidence. Choose Synergy Premier Accounting & Tax Consultancy LLC for a hassle-free corporate tax return filing experience that ensures your business remains in good standing with tax authorities.
Comprehensive CT Impact Assessment
Embark on a journey of preparedness and compliance with our four-step CT Impact Assessment Plan. At Synergy Premier Accounting & Tax Consultancy LLC, we begin by conducting a detailed analysis of your organization’s structure, business description, intangibles, inter-company transactions, and related party transactions. Our seasoned team of Corporate Tax (CT) experts then provides strategic advice to help you lower your exposure to tax risks. With our CT Impact Assessment, we ensure that your business is well-equipped to navigate the evolving landscape of corporate tax laws, making informed decisions that contribute to long-term financial resilience and compliance.
Corporate Tax Services We Offer:
- Registration/ Deregistration
- Application for Exemption/Election into CT
- Impact Assessment/Conduct Initial Screening
- Transaction Analysis
- Computation of Taxable Income
- Grouping & Loss Utilization
- Free Zone Business Requirements
- Identify Permanent Establishment & Risk (if applicable)
- Annual Tax Return Filing
- Transfer Pricing
- Foreign Tax Credit
Is Your Company Prepared?
Our team of CT experts are here to help assess the challenges that CT means for your business while guiding you strategically through any required changes.
UAE Corporate tax rates are set at 0% for taxable income up to AED 375,000 and 9% for taxable income exceeding AED 375,000. For example, if your company’s taxable income is AED 500,000, you pay 0% tax on AED 375,000 and 9% tax on the remaining AED 125,000, resulting in a total corporate tax of AED 11,250.
Additionally, specific criteria aligned with “Pillar Two” of the OECD BEPS project indicate a 15% tax rate for large multinational corporations with consolidated global revenue exceeding EUR 750 million (equivalent to AED 3.15 billion). This rate aligns with the global minimum effective tax rate under “Pillar Two.”
The due date for filing the corporate tax return has not been specified yet.
Corporate tax will be effective across all emirates for financial years starting on or after June 1st, 2023. Entities with financial years starting on July 1st and ending on June 30th will be subject to corporate tax from July 1st, 2023, onwards. Similarly, entities with a calendar financial year, from January 1st to December 31st, will be subject to corporate tax from January 1st, 2024, onwards.
While the due date for filing corporate tax returns has not been specified yet, our team of CT experts is here to help you navigate these changes and ensure your business thrives in the evolving tax landscape of the UAE.
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