UAE Corporate Tax Compliance: Navigating Success with Metabiz
The introduction of corporate tax in the UAE marks a significant shift for businesses. At Metabiz, our seasoned accountants and tax advisors are here to help you seamlessly register for corporate tax, file your returns, and stay compliant with the latest regulations. We ensure you meet all deadlines and take advantage of applicable exemptions, so you can focus on growing your business.
Key Steps for Corporate Tax Compliance
- Corporate Tax Registration: Effective from June 2023, all businesses in the UAE are required to register for corporate tax. Our team will guide you through the registration process with the Federal Tax Authority (FTA), ensuring that your business is registered promptly and correctly.
- Maintain Accurate Accounting Records: Compliance with International Financial Reporting Standards (IFRS) is crucial. We ensure your accounting records meet these standards, keeping your business audit-ready and fully compliant.
- File Corporate Tax Returns: Filing your corporate tax submission accurately and on time is essential to avoid penalties. Metabiz handles the entire process, from calculating your taxable income to submitting your returns to the FTA.
MetaBiz
Our Corporate Tax Services
Expert Corporate Tax Advice
Our tax experts provide tailored advice, helping you understand the impact of corporate tax on your business, explore available exemptions, and optimize your tax position.
Hassle-Free Registration
We manage your corporate tax registration, keeping track of deadlines and ensuring your business meets all regulatory requirements.
Accurate Tax Filing
From assessing your tax liability to filing your returns, we ensure that your corporate tax submissions are accurate, timely, and compliant with UAE laws.
Understanding UAE Corporate Tax
Corporate tax in the UAE is levied on the taxable income of businesses operating within the country. With the new law in effect, businesses must be fully compliant by January 1, 2024. The tax rate varies, with a 0% rate for businesses earning up to AED 375,000 in net profits and a 9% rate for those earning above this threshold. Large multinational companies may be subject to a higher rate of 15%, in line with global standards.
Who is Subject to Corporate Tax?
Most businesses operating in the UAE, including free zone companies, will be subject to corporate tax. Specific exemptions apply to certain government entities, charitable organizations, and businesses involved in natural resource extraction. Our team will help you determine your tax obligations and ensure compliance.
Corporate Tax vs. VAT
It’s important to differentiate corporate tax from VAT. While VAT is a consumption tax applied to goods and services, corporate tax is levied on the net profits of a business. Both taxes require careful management, and our experts are here to help you navigate these complexities.
Get Started with Metabiz
Stay ahead of the curve with Metabiz. Let us handle your corporate tax compliance, so you can focus on what matters most—growing your business. Contact us today to learn more about our comprehensive corporate tax services.
Corporate Tax Registration Form
Registration charges : AED 749
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