UAE CORPORATE TAX
Register for corporate tax and file your tax submission
We have an experienced team of accountants and tax advisors who will help you easily complete your corporate tax registration and tax submission on time.
Choose the Right Tax Solution for Your Business
Corporate sponsorship offers the same advantages as dealing with an individual sponsor, while providing services that are designed to address the challenges that can arise. With EBS Group's corporate sponsorship service, you'll benefit from:
VAT Registration
Starting From: AED 3,150
Are you an entrepreneur or small business owner with records ready for year-end tax filing support?
Read More...
Tax Support for Startups
Starting From: AED 4,935
Startup founder or business with limited transactions needing structured, year-end tax support?
Read More...
Zero-Revenue Tax Filing
Starting From: AED 2,845
Do you have an inactive or visa-only business that needs a quick and low-cost tax filing service?
Read More...
Full Tax Compliance for SMEs
Starting From: AED 9,948
Do you have an active, growing business in need of year-round accounting, tax and reporting support?
Read More...With the UAE's new corporate tax law, many companies find themselves navigating unfamiliar laws and processes. Our team of tax experts can help you understand how corporate tax applies to your business, take advantage of tax exemptions and reliefs, and make sure you meet the compliance deadlines on time to avoid penalties. From registering your business for corporate tax, complying with the accounting standards, and filing your corporate tax submission, our team is ready to guide you through each step for a smooth, efficient, and cost-effective process.
Must Know: Every business in the UAE must do these three things to comply with the new corporate tax scheme:
- Register for corporate tax from June 2023 onwards.
- Keep accounting records up to the required reporting standard (e.g. IFRS).
- File a corporate tax submission with the Federal Tax Authority.
While not all businesses have to pay corporate tax, every business must still register and comply with these steps to verify whether they qualify for a tax exemption.
Our UAE Corporate Tax Services
Corporate sponsorship offers the same advantages as dealing with an individual sponsor, while providing services that are designed to address the challenges that can arise. With EBS Group's corporate sponsorship service, you'll benefit from:
Corporate tax advice
Our experts will advise you on all corporate tax considerations which might impact your business. This will include what tax exemptions could be available to your business and how to benefit from these.
Corporate tax registration
Our team will assist in registering your business for corporate tax with the FTA and manage the deadlines for all of your corporate tax obligations.
Corporate tax returns
Our team will assess your corporate tax position, ensure the best tax outcome for your business, and file all necessary submissions with the FTA throughout the year.
What is Corporate Tax UAE?
Corporate tax is levied on the taxable income (net profit) of business establishments resident in the United Arab Emirates. The new taxation policies came into effect on June 1, 2023, with most companies being fully taxable by January 1, 2024.
What is Corporate Tax UAE?
Entrepreneurs and investors globally have always considered the UAE as one of the most lucrative places to set up a new business.Both large companies and startups have favoured the UAE due to the country's exceptionally stable political environment, strategic location, fabulous business infrastructures and, most importantly, what was the 0% corporate tax regime.
According to the International Monetary Fund (IMF), the UAE has the fifth-largest economy in the Middle East. The country has historically depended on its revenue from oil and natural resources but has been gradually becoming less dependent on oil in recent years.
Is Corporate Tax the Same as VAT?
When the UAE government first announced the introduction of corporate tax, many businesses incorrectly viewed it as being similar to Value Added Tax (VAT). However, corporate tax and VAT are very different.The main difference is that corporate tax is mandatory for every company in the UAE, whereas VAT only applies to companies once they reach certain thresholds. VAT is a consumption tax levied on the sale of goods and services. The customer pays it at the time of purchase. On the other hand, corporate tax is levied on businesses' taxable income.
Companies will have to pay corporate tax on their annual net profits. Businesses collect VAT from customers when selling a product or service and then remit it to the government.
Corporate tax will be paid directly to the government and calculated by considering the net income of the company, not the total revenue or sales volume.
So, now that we know what corporate tax is in the UAE, let's find out further details about the taxation process.
What Is the Golden Visa in the UAE?
Who Will Be Subject to Corporate Tax UAE?
Probable Implications of Corporate Tax UAE
Wrap-Up: Corporate Tax UAE