Corporate Tax & VAT services in Dubai / UAE
At TAG, we understand that the dynamic tax landscape in the UAE can be overwhelming for businesses. Our suite of expert tax services is designed to simplify compliance, minimize liabilities, and optimize financial strategies for companies of all sizes. We offer specialized solutions to ensure your business adheres to the latest tax laws, maximizing growth opportunities while maintaining full compliance. Explore our services below, and let us guide you through the complexities of corporate tax, VAT, and general tax compliance to keep your business on track and focused on success.
- Corporate Tax
- VAT Services
- Tax Compliance Services
Corporate Tax in the UAE
The UAE's introduction of corporate tax in 2023 marks a significant shift in its tax system. Corporate tax now applies to businesses in the UAE, with a tiered structure: 0% on income up to AED 375,000, 9% for most businesses above that threshold, and 15% for multinational companies exceeding global revenues of AED 3.15 billion. TAG helps businesses navigate these changes, ensuring full compliance with the new tax regulations, reducing risks, and optimizing tax strategies. Our services include corporate tax registration, assessments, audits, and return filing.
VAT Services in the UAE
Value Added Tax (VAT) was introduced in the UAE in 2018, imposing a standard rate of 5% on most goods and services. TAG offers comprehensive VAT services, including registration, return filing, refund claims, and audit services. We ensure your business remains compliant with VAT laws, helping you avoid penalties and seize opportunities to optimize tax strategies. Our experts also assist with VAT deregistration when your business no longer requires VAT registration.
Tax Compliance Services
Staying compliant with evolving tax regulations is essential to avoid penalties and fines. TAG’s Tax Compliance Services support businesses in managing their corporate tax, VAT, and excise tax obligations efficiently. Our team ensures accurate tax return submissions, timely filing, and adherence to local laws, safeguarding your business against non-compliance risks. We also help automate and streamline tax processes to optimize internal tax management, reduce manual errors, and manage costs effectively.
FAQ
Corporate tax is a tax levied on the profits of companies. Starting in June 2023, the UAE now has a 9% corporate tax for some companies that qualify. This is a big change from before when there was no tax.
A Freezone company should meet the following conditions to benefit from the 0% CT rate:
Maintain adequate substance in the UAE
Derives qualifying income (as to be specified in a cabinet decision yet to be made)
Has not elected to be subject to 9% CT
Complies with transfer pricing provisions (as applicable).
Qualifying Free Zone Persons that meet conditions will have to pay tax at the following rates:
0% on qualifying income
9% on taxable income that does not meet the qualifying income definition.
VAT is a tax on goods and services based on their value at each stage of production and distribution. In the UAE, VAT was introduced in 2018 at a standard rate of 5%. It applies to most goods and services consumed domestically.
Businesses with an annual turnover exceeding the mandatory threshold are required to register for VAT in the UAE. Once registered, businesses must charge VAT on their sales, file VAT returns, and remit VAT to the government.
TAG offers expert guidance and support to businesses navigating corporate tax and VAT in the UAE. We provide tax planning, registration, and reporting services. Our goal is to help businesses enhance their tax strategies. We also ensure they comply with local regulations, especially with the recent changes in corporate taxes.
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