Corporate Tax
With the introduction of the UAE Corporate Tax effective from June 1, 2023, businesses across Dubai are navigating a new fiscal landscape. At Profits Plus, we provide comprehensive corporate tax services to ensure your business remains compliant and optimized under the new regulations.
Our Corporate Tax Services Include:
- Corporate Tax Registration: Assisting businesses in registering with the Federal Tax Authority (FTA) to meet mandatory compliance requirements.
- Tax Advisory & Planning: Offering strategic tax planning to minimize liabilities and align with your business objectives.
- Tax Return Preparation & Filing: Ensuring accurate and timely preparation and submission of corporate tax returns.
- Compliance & Reporting: Maintaining up-to-date records and ensuring adherence to all regulatory reporting standards.
- Audit Support: Providing assistance during tax audits, including documentation and representation.
- Free Zone Tax Consultation: Guidance on tax obligations and benefits specific to businesses operating within UAE Free Zones.
Why Choose Profits Plus?
Our team of experienced tax professionals is dedicated to helping your business understand and comply with the UAE’s corporate tax laws. We tailor our services to meet your specific needs, ensuring that your business is both compliant and strategically positioned for growth.
FAQs
What is the current corporate tax rate in the UAE?
As of June 1, 2023, the UAE imposes a 9% corporate tax on taxable income exceeding AED 375,000. Income up to AED 375,000 is taxed at 0%.
Who is required to pay corporate tax in the UAE?
Corporate tax applies to UAE-incorporated businesses, foreign entities with a permanent establishment in the UAE, and individuals conducting business activities under a commercial license. FTA UAE
Are Free Zone companies subject to corporate tax?
Free Zone companies may benefit from tax exemptions if they meet specific conditions. However, income from mainland UAE or non-qualifying activities may be subject to corporate tax.
What are the penalties for non-compliance?
Penalties can include fines for late registration, failure to file returns, and inaccuracies in tax filings. It’s crucial to comply with all tax obligations to avoid such penalties.
How can Profits Plus assist with corporate tax compliance?
We offer end-to-end services, from registration and advisory to filing and audit support, ensuring your business remains compliant and optimized under the UAE’s corporate tax regime.