Corporate Tax
Corporate Tax Services in Dubai, UAE
OUR UMBRELLA OF SERVICES
Corporate Tax Registration
If you run a business in UAE, you must sign up for corporate tax. This process is called corporate tax registration. It is important to follow the new tax rules. You will need to provide information about your business and get a tax number from the UAE government. Registration helps the government keep track of businesses for tax purposes.
Corporate Tax Return Filing
After registering for corporate tax, businesses in the UAE must file corporate tax returns. This means reporting your income and expenses to the UAE government once a year. You will calculate how much tax you owe based on your profits. It is important to file a corporate tax on time to avoid penalties. The government uses this information to collect the right amount of tax.
Corporate Tax in UAE
The UAE started charging Corporate Tax on June 1, 2023. This is a tax on business profits. It makes the UAE’s tax system fair and up-to-date, like other countries. This helps make the UAE a good place for global businesses. If your business year started on or after June 1, 2023, you need to follow new tax rules.
Corporate Tax Rates in UAE
As per the Ministry of Finance, the corporate tax rates in the UAE are:
- The CT tax rate is 0% If the taxable income is up to 375,000 AED
- The CT tax rate is 9% If the taxable income is above 375,000 AED
- If a multinational company makes more than AED 3.15 billion worldwide, it has to pay a 15% tax on its profits in the UAE. This is a new rule to make sure companies pay their fair share of taxes.
How is Corporate Tax Calculated in the UAE?
You already know that the tax rate is 0% if the taxable income is up to 375,000 AED.
Suppose a company makes AED 400,000 in profit that is above 375,000 AED.
- We subtract the first AED 375,000 (because that part is tax-free).
400,000 – 375,000 = AED 25,000 - Now we calculate the tax on that AED 25,000 at 9%:
25,000 x 9% = AED 2,250
So, this company would owe AED 2,250 in corporate tax for the year.
Corporate Tax Services in UAE – Intellect Chartered Accountants
As a team of experienced chartered accountants, we specialize in providing comprehensive corporate tax services in UAE. We provide expert guidance and support to all sizes of businesses, helping them navigate the complexities of UAE’s corporate tax laws. We offer a comprehensive range of services, from corporate tax registration and compliance to strategic planning and corporate tax return filing, our dedicated team is committed to ensuring your business remains tax-compliant and maximizes its financial efficiency. For more information regarding corporate tax services in Dubai contact us now.
