Corporate Tax Services in UAE
A corporate tax is a levy which the government imposes on the income of any business as mentioned in the law.
Handle your Corporate Tax matters carefully
Understanding Corporate tax and its implications on your business is very sensitive matter as it involves not only international accounting standards but also UAE corporate tax Law. It is, therefore important to consult a qualified experienced accounting firm for especially for your first year corporate tax compilation and computation.
- IFRS compliance 100% 100%
- Corporate Tax Law UAE compliance 100% 100%
- Industry standards compliance 100% 100%
UAE Corporate Tax services
Corporate Tax (CT) UAE
Corporate Tax was first introduced in January 2022 by the Ministry of Finance, UAE. The FTA will be responsible for the administration, collection, and enforcement of UAE Corporate Tax.
Corporate Tax registration
- All Taxable persons, unincorporated partnership (if elected), family foundations (if involve in other business activities) must register for Corporate Tax in UAE. De-registration would be done after payment of all tax liabilities
Corporate Tax return filing
Any company with a fiscal year starting on 1 June 2023 and ending on 31 May 2024 will be subject to Corporate Tax starting 1 June 2023. The first tax return filing is likely to be due towards the end of 2024. Corporate tax return must be filed annually.
What We Offer
- Taxation is a complex process and needs careful considerations as it involves law.
- We have vast experience both in terms of accounting and legal implications of Corporate Tax UAE.
Frequently Asked Question
As CT Financial Year is going to start on June 1, 2023, and our company’s fiscal year is based on the calendar year, should we adjust our fiscal year to match the fiscal tax year?
Although there is no legal need to convert the fiscal year to the fiscal tax year of June to May, it is likely to do so in order to better match the fiscal year with the fiscal tax year.
Who is exempt from UAE corporate tax?
Govt. entities, Govt. controlled entities, Extractive business, wholly owned or controlled by exempt persons, public or private pension or social security fund, qualifying investment fund, qualifying public benefit companies, non-extractive natural resource business.
Can I avoid UAE corporate tax?
You can minimize the corporate tax amount by carefully applying all the accounting and tax applicable provisions to your specific business activity.
Ahmed Alsuwaidi General Trading LLC
We went to ARD accounting for our CT group registration. They handled our case very diligently and we got approved to file returns as a group. We are hiring them as our advisor.
Zhuli zhang building material LLC
We are very happy with the services provided by ARD accounting . we originally hired them for penalty reduction and now we have long term relationship with them for our VAT and UAE CT compliance function.