Corporate Tax Services in UAE
Xact Auditing is rendering premium corporate tax services in UAE covering corporate tax registration, corporate tax filing, corporate tax assessment, corporate tax deregistration, corporate tax optimization and transfer pricing in UAE.
UAE has introduced Corporate Tax (CT) in order to expand its revenue resources other than oil. The objective of enforcing corporate tax in UAE is to boost Emirates spot as a global hub of business. As of June 1, 2023 – latest corporate tax system has been applied on both local businesses and foreign businesses functioning within the UAE.
Major elements of the UAE’s corporate tax regime comprise of:
- Corporate Tax Rate: 9% corporate tax is applied to taxable net profits exceeding AED 375,000.
- Corporate Tax Exemptions: Government entities, qualifying public benefit companies, and businesses with natural resource extraction activities are exempt from corporate tax.
- Free Zone Entities: Businesses operating in designated free zones can take advantage from a 0% tax rate on qualifying income, if they meet the criteria of Qualifying Free Zone Person (QFZP).
Corporate Tax Consultants in UAE
Corporate tax is new for all the businesses in UAE and they have to follow complex rules and regulations defined by the Federal Tax Authority (FTA). Corporate tax services in UAE will ensure that businesses are following corporate tax compliance standards as per the UAE laws.
At Xact Auditing, we specialize in providing comprehensive corporate tax services covering all the segments. We are offering customized corporate tax services to businesses depending upon their activity and size.
Expert Corporate Tax Services
1. Corporate Tax Registration
Our corporate tax registration services will cover the entire process. We will ensure that your business complies with UAE’s corporate tax regulation and compile documents required for corporate tax registration and obtain corporate tax certificate. A thorough registration helps avoid unnecessary corporate tax fines and penalties.
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It is extremely important to submit accurate corporate tax returns in order to avoid penalties. Our corporate tax experts will cover entire corporate tax filing process by making sure to meet compliance and deadlines. Our corporate tax department will take care of your documentation and simplify paperwork so that you can concentrate on achieving your business goals.
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3. Corporate Tax Assessment & Advisory Services
Our corporate tax consultants render personalized tax advice, helping you optimize your corporate tax approach. Our corporate tax specialists will give you a full spectrum view of the impact and implications of corporate tax on your financial performance and business activities. Our corporate tax solutions are designed to cater your particular business needs.
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4. Transfer Pricing Compliance
For multinational and global businesses, transfer pricing in UAE is cornerstone. Our team of professional and experienced corporate tax consultants will design your pricing strategies as per the rules and regulation defined by the Federal Tax Authority (FTA). Our transfer pricing services will reduce risk exposure and shield your business.
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5. Corporate Tax Planning and Optimization
Our effective and smart corporate tax planning will minimize your tax obligation. Our profit allocation strategies, identification of tax exemptions and deployment of double tax treaties will enhance your business’s financial performance. Corporate tax optimization is crucial for maintaining sustainability and profitability.
Read More: Corporate Tax Rates in UAE
6. Corporate Tax Deregistration
Businesses must be aware of how, why and when to apply for cancellation of corporate tax number. Our corporate tax deregistration services will ensure smooth and stress free process by preventing any late corporate tax deregistration fines. Our experts will handle the documentation needed for the submission of application.
Read More: Corporate Tax Deregistration in UAE
Why Choose Xact for Corporate Tax Services?
- Local Expertise: With extensive knowledge and profound understanding of the UAE corporate tax law, we ensure that your business stays one step ahead.
- Tailored Solutions: Not all the businesses are same and that is why we are offering customized corporate tax services in UAE to meet the different needs of a business.
- Proactive Support: We don’t just react to problems—we help you anticipate and prepare for tax challenges, ensuring your business remains compliant and tax-efficient year-round.
- Trusted Advisors: Our tax firm’s stature for credibility and trustworthiness means you can choose Xact to handle your corporate tax affairs with the highest level of professionalism.
Stay Compliant, Stay Ahead
The introduction of corporate tax in the UAE starts a new era for the businesses. Ensuring corporate tax compliance while optimizing tax outcomes requires expert advice and hands-on support. At Xact Auditing, we are committed to helping businesses navigate this new landscape with ease and confidence. If you are looking for professional corporate tax services, contact us.
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