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Corporate Tax Registration Services

Corporate Tax Registration Services

The UAE’s new corporate tax, introduced from 1st June 2023, marks a significant shift, as businesses with net profits above 375,000 AED will now pay a 9% tax rate. This rate, among the lowest globally and within the GCC, highlights the UAE’s business-friendly approach. By setting a low tax threshold, the UAE provides a balanced way to contribute to national revenue without heavily burdening companies. This policy enhances the UAE’s appeal as an investment hub, offering foreign investors both a competitive tax environment and a stable economy.

Project Target

 

Corporate tax services aim to help businesses reduce their tax burden while maximising post-tax profits. This is achieved through a range of strategies, such as leveraging available tax deductions and credits and structuring transactions to be tax-efficient.

Benefits of Corporate Tax Services

  1. Reduced Tax Liability: Expert guidance ensures businesses can identify and utilise all eligible deductions and credits, resulting in notable tax savings.
  2. Enhanced Compliance: Corporate tax laws are complex and frequently updated. Professionals keep businesses aligned with current regulations, minimising risks of non-compliance.
  3. Peace of Mind: Relying on skilled tax professionals provides reassurance, knowing that taxes are managed efficiently and accurately.

For business owners, engaging corporate tax experts can be an excellent decision to save on taxes, ensure compliance, and enjoy greater peace of mind.

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Your Expert Partner in Corporate Tax Services

we specialise in delivering comprehensive corporate tax services, simplifying the complexities of corporate taxation for businesses of every size. From startups to well-established enterprises, our team provides bespoke solutions to match your unique requirements. Whether it’s navigating intricate tax regulations or refining financial strategies, Al Tawakkal is your dependable partner in ensuring compliance and optimising tax efficiency. Entrust us with the complexities of corporate tax, so you can focus on what matters most—growing your business.

Our Services Include:

  • Application for Exemption or Election into Corporate Tax (CT)
  • Registration/Deregistration Assistance
  • Transaction Analysis
  • Computation of Taxable Income
  • Impact Assessment & Initial Screening
  • Business Requirement Assessment
  • Identification of Permanent Establishments and Risk Management
  • Transaction Analysis
  • Foreign Tax Credit Solutions
  • Transfer Pricing Guidance
  • Annual Tax Return Filing

Corporate Tax Registration in the UAE

In the UAE, businesses subject to corporate tax must register with the Federal Tax Authority (FTA) to obtain a tax registration number within a specific period. Should a business no longer be liable for corporate tax, it must request deregistration within three months of stopping operations or entering liquidation. Our knowledgeable tax advisors in Abu Dhabi are here to assist with both registration and deregistration, ensuring a smooth, compliant process.

 

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