Navigate the complexities of taxation with confidence. Our tax experts provide tailored solutions for compliance, planning, and optimization, helping you minimize liabilities and maximize savings.
VAT Compliance
Seamless VAT registration and filing for UAE businesses.
Corporate Tax Planning:
Effective strategies to minimize liabilities and adhere to UAE tax laws.
Tax Audits:
Detailed audits to reduce penalties and meet regulatory standards.
International Taxation:
Expert guidance on cross-border tax compliance.
VAT Compliance
Seamless VAT registration and filing for UAE businesses.
Corporate Tax Planning:
Effective strategies to minimize liabilities and adhere to UAE tax laws.
Tax Audits:
Detailed audits to reduce penalties and meet regulatory standards.
International Taxation:
Expert guidance on cross-border tax compliance.
TAX Return Filling
In the UAE, there’s no personal income tax, so individuals don’t need to file tax returns. Businesses with an income above AED 375,000 must file VAT returns quarterly. Corporate tax (9% on profits over AED 375,000) applies to certain businesses starting in 2023, and they must file annual returns.
Transfer Pricing Advisory
In the UAE, businesses must comply with transfer pricing rules, ensuring transactions between related entities are at market rates. Proper documentation is required, and failure to comply can result in penalties. The UAE follows OECD guidelines and has economic substance regulations for certain activities.
Frequently asked questions
What is the corporate tax rate in Dubai, UAE?
The UAE introduced a 9% corporate tax on business profits exceeding AED 375,000. However, free zone companies meeting specific conditions can still enjoy tax exemptions.
How does VAT work for businesses in Dubai?
VAT is set at 5% and applies to most goods and services. Businesses with annual revenue over AED 375,000 must register for VAT and file returns quarterly or monthly.
What are the penalties for late VAT filing in the UAE?
Late VAT registration can result in a penalty of AED 10,000, and late filing penalties start from AED 1,000 for the first offense and increase for repeated violations.
Are free zone companies in Dubai exempt from corporate tax?
Yes, free zone companies can remain tax-exempt if they do not conduct business with the mainland and comply with economic substance regulations.
How can businesses in Dubai reduce their tax liabilities legally?
Businesses can benefit from proper tax planning, use VAT input claims effectively, reinvest profits strategically, and ensure compliance with all tax regulations.
