UAE Corporate Tax Advisory for Federal Regulations
Comprehensive Insight into Federal Corporate Tax (CT)
Smart corporate tax support for the UAE federal corporate tax law:
Are you looking for the new UAE corporate Tax law industry? Our expert assistance is here to meet your business needs. The UAE market is an attractive place for investors in today’s fast-paced and digital age. Starting from June 1st, 2023, businesses exceeding the net profit limit of 375k AED are subject to a 9% corporate tax. With this rate all across the world, the UAE remains at the top of the list of lowest rates of Corporate Tax (CT).
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
Partner with us to have corporate tax registration efficiently executed. Our Professionals guide you to focus on your core business and help you to eliminate the complexities of tax registration. At Premier Accounting & Tax Consultancy LLC, let us give you personalised corporate tax consultations to make confident and informed decisions.
Corporate tax implementation
We are here to make a smooth and stress-free corporate tax implementation. At Synergy Premier, our team works closely with you, understands how your business operates, and creates a detailed plan to meet UAE regulations. We help you optimize deductions and improve tax efficiency. At every step, our help will be with you to ensure your business stays on track and financially strong.
Corporate Tax Health Check
At Synergy Premier, our corporate tax health check gives you a clear picture of where your business stands. Our experts review your current tax setup to spot any potential harm and give you a chance to identify saving methods. We ensure that everything in your venture meets perfectly with the UAE tax regulations.
Registration
We’re always on time for your tax registration. Your business is fully set up in accordance with UAE tax laws.
Corporate tax compliance
With evolving tax regulations we understand your business’s need to comply with corporate tax. Our experts monitor your tax obligations and support you in your ongoing compliance efforts.
Corporate Tax Return Filing
Synergy Premier Accounting & Tax Consultancy LLC gives you the ability to establish a business in the UAE with efficient and perfect service. Our team ensures the accuracy and completeness in preparing and filing your corporate tax return, keeping the latest regulations in view.
Corporate Tax De-Registration
When your businesses no longer meet the criteria for taxation we manage the deregistration process for you keeping all the obligations and laws in view properly.
Annual Corporate Tax Returns
Timely submission of annual accurately is necessary to avoid panelaties. We manage the filing of your corporate tax return and prepare it in time.
Transfer Pricing
Our company helps you manage transactions with other ventures as per UAE requirements. Our support is there to help you with transfer pricing documentation, compliance and analysis.
Corporate Tax Group
Need to register as a tax group? Streamline your reporting and improve tax efficiency with Synergy Premier’s never ending support.
Comprehensive CT Impact Assessment
Prepare the future of your business with Synergy Premier’s four-step Corporate Tax Impact Assessment:
- Reviewing your company’s structure
- Operations
- Intangible assets
- Related party transaction
Our team of Corporate Tax (CT) provides you the detailed strategic advice to reduce the exposure of risk. This assessment will enhance your ability to make informed decisions regarding evolving UAE tax law.
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.
In the UAE, businesses pay tax up to 0% on the first AED 375,000 of taxable income and 9% on anything above that. So, if your company earns a profit of AED 500,000, it’ll pay 9% on AED 125,000 that it earns extra. That will be a total of AED 11,250. Under the OECD’s “pillar two” rules, for larger companies with global revenue over EUR 750 million (around AED 3.15 billion), they are bound to pay a 15% tax rate.
Corporate tax in the UAE applies to financial years starting on or after June 1st, 2023. For example, for the companies with year July-June tax will be applied from July 1st, 2023. The calendar-year entities will begin from January 1st, 2024. However, the filing deadline hasn’t been announced yet. Our experts are here to keep your business prepared and guide you through the transactions.
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