Comprehensive Corporate Tax Services in Dubai
- 2500+ Consultations Delivered
- Financial Experts
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- 12+ Years of Expertise
10+ Years Of Experience
1500+
Audit Completed
1500+
Financial Experts
2500+
Consultation
Leading Corporate Tax Consultants in Dubai
Starting from June 1, 2023, the Ministry of Finance (MoF) introduced a new federal corporate tax system, requiring every business in Dubai to reassess its tax strategy.
Are you finding it challenging to adapt to these new tax regulations and searching for expert corporate tax services in Dubai?
Findesk Banking Consultancy is your trusted partner. As a leading corporate tax advisory in the UAE, we assist businesses of all sizes. Our mission is to guide you through the complexities of corporate tax, ensuring your business remains compliant and optimized.
We’re here to help you –
- Stay compliant with the evolving tax regulations in the UAE.
- Enhance your tax strategy to achieve optimal savings.
- Personalized corporate tax consulting services designed to meet your business’s unique requirements.
What is Corporate Tax in UAE?
Corporate tax is a federal income tax applied to businesses earning over $375,000 annually. Navigating the regulations for corporate tax in both mainland and free zones can be complex.
Even if your business isn’t required to pay corporate tax, registration and filing returns may still be necessary under certain conditions. In today’s ever-changing tax environment, expert guidance is crucial to successfully managing corporate tax challenges in Dubai.
Here’s everything you need to know about staying compliant with the latest corporate tax regulations in the UAE.
Expert Consultation - UAE
Corporate tax is a relatively new concept, and its implementation can be overwhelming for business owners. Consulting with an experienced corporate tax consultant in the UAE is highly recommended. They can help you navigate the evolving tax landscape, keeping you informed of the latest rules, regulations, circulars, and notifications from the Ministry of Finance and the Federal Tax Authority.
Steps to Register for Corporate Tax in the UAE
Entities Exempt from Corporate Tax in the UAE
Businesses should consult with professional corporate tax advisors to determine their eligibility for exemption. Certain entities are exempt from UAE corporate tax, including the UAE Federal Government, Emirates Governments, and their related entities. Additionally, companies involved in specific sectors, such as charities, social security funds, retirement pension funds, and select investment funds, are also exempt from federal corporate tax. These exemptions are defined by Cabinet Decisions and Emirate-level tax regulations
Corporate Tax in Free Zones
Businesses registered in UAE free zones are exempt from corporate tax as long as they meet regulatory requirements and do not conduct business activities on the mainland. However, free zone companies are still required to register and file corporate tax returns. To ensure your eligibility and compliance, it’s essential to work with top corporate tax consultants in the UAE.
Corporate Tax Rates Applicable in the UAE
Corporate Tax Services in the UAE to Prevent Penalties
Proactive corporate tax planning can help businesses avoid higher costs and reduce the pressure on internal teams to meet tight deadlines. At Findesk, we stay up-to-date with the latest corporate tax laws in Dubai. Our experience and expertise ensure a smooth transition into the new era of corporate tax. Stay compliant with Dubai’s tax regulations by partnering with the best corporate tax services, allowing your business to grow seamlessly.
Effect Evaluation
We performed an initial evaluation of the expected impact of the implementation of Corporate Tax (CT) and Transfer Pricing (TP) based on the group structure and individual entity. Additionally, we analyzed decisions related to Foreign Direct Investment (FDI) and conducted a cost-benefit analysis of pre-tax and post-tax returns on FDI.
In-Depth Evaluation
We assist in identifying restructuring and optimization opportunities, as well as necessary system changes, by reviewing contracts with suppliers and customers. Additionally, we provide guidance on dividend distribution for cross-border investments and support merger and acquisition decisions when significant losses are incurred by one of the group companies.
Execution
We support the implementation of necessary adjustments to legal documents in compliance with Corporate Laws. We assist in designing Transfer Pricing (TP) policies, legal structures, operating models, capital frameworks, tax functions, and more. Additionally, we ensure ongoing coordination with management to achieve the best possible outcomes for tax structuring.
After Execution
A service license is intended for businesses offering professional or specialized services, including consultancy, marketing, IT services, and similar fields.