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Stay Compliant with Our UAE Corporate Tax Strategies
Registration for Corporate Tax in UAE has been started. Hiring the best corporate tax consultants in UAE for tax advisory services has become the need of the hour as businesses need to be registered for Corporate Tax.
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Why Choose Hedge
From tax planning to compliance and everything in between, our comprehensive range of services covers all aspects of corporate tax in the UAE. Save time and resources by choosing a one-stop solution for all your tax needs. Our unwavering commitment to integrity and ethical conduct means you can trust us with your business’s financial well-being.
Every business is unique, and so are its tax needs. We pride ourselves on offering personalized and tailored solutions that align with the specific requirements of your business, ensuring optimal tax efficiency
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Our professional Expert Tax Support team will assist you in Corporate Tax , Please feel free to contact through chat.
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Benefit Of UAE Corporate Tax Services We Offer
Expertise & Management
Outsourcing corporate tax to a professional firm in the UAE provides access to a team of experts with experience managing corporate tax affairs. They are aware of the latest regulations and can help businesses navigate the complex tax laws in the UAE. These experts can help businesses minimize tax liabilities and take advantage of tax incentives.
Cost Savings
Outsourcing corporate tax can help businesses save money in several ways. Firstly, businesses do not have to spend money on recruiting, training, and retaining in-house tax personnel. Secondly, they can avoid the cost of investing in the software and infrastructure required to manage corporate taxes. Finally, by outsourcing, businesses only pay for the services they need, which can be more cost-effective in the long run.
Increased Efficiency
By outsourcing corporate tax, businesses can focus on their core competencies and leave the tax-related tasks to the experts. This can lead to increased efficiency in the overall operations of the business. Tax experts can manage the tax process from start to finish, from preparing tax returns to filing them on time, leaving businesses free to concentrate on other important aspects of their business.
Risk Management
Compliance with tax regulations is important to avoid penalties and legal issues. Outsourcing corporate tax to a professional firm in the UAE can help businesses stay up to date with the latest regulations and ensure compliance. This can reduce the risk of penalties and legal issues and protect the reputation of the business.
Corporate Tax Services We Offer
We offers the following corporate tax services in UAE.Companies need to fully prepare for the new form of taxation, as the introduction of the corporate income tax in the UAE is likely to change the regulatory environment of the country.
Assessments & Advisory
Compliance Services
Consultancy Services
Assessments & Advisory
Evaluating and offering guidance on the company’s tax considerations.
Evaluating eligibility for corporate taxation. We provide advice on corporate tax exemptions for mainland, offshore, and free zone businesses, if applicable
Accessing and analyzing the potential for companies to form tax groups to access tax advantages.
Providing guidance on the reorganization of group companies, including overseas subsidiaries and branches.
Offering advice on the feasibility of foreign tax credits, withholding tax, and the deduction of expenses and interest.
Compliance Services
Registering businesses for Corporate Tax, which involves the application process for obtaining a Tax Registration Number (TRN) through the Federal Tax Authority.
Preparation and filing of the Tax returns.
De-registration of Tax Registration Number.
Assessing and calculating the corporate taxable income for various corporate entity types.
Consultancy Services
Preparation of filing of tax documents for submission to the Federal Tax Authority (FTA).
Acting on behalf of businesses to file appeals against any penalties or notices issued by the Federal Tax Authority.
Acting as a representative, responding to, and submitting appeals in response to notices issued by the authorities.
Hedge Accounting Solution in the UAE has a skilled team that helps companies follow tax rules. We’ve already helped many companies with VAT and Excise Tax. Our good record can assist businesses with corporate tax needs in the UAE.
Frequently Asked Questions
What is UAE Corporate Tax
Corporate Tax is a form of direct tax levied on the net income of businesses. Corporate Tax is sometimes also referred to as “Corporate Income Tax” or “Business Profits Tax.
How much is UAE Corporate Tax Rate
For resident taxable persons:
Taxable income not exceeding AED 375,000 shall be subject to zero rate.
Taxable income exceeding AED 375,000 shall be subject 9% rate.
For Qualifying Free Zone Persons:
Qualifying income subject to zero rate.
Taxable income that does not meet the Qualifying income definition shall be subject to 9% rate.
What is the effective date of CT
The CT will be applicable for financial years starting on or after 1 June 2023.
Any company that adopts a fiscal year starting on 1 June 2023 and ending 31 May 2024 will be subject to CT starting 1 June 2023. The first tax return filing is likely to be due towards the end of 2024.
Any company that adopts a calendar year starting 1 January 2023 and ending 31 December 2023 will be subject to CT starting 1 January 2024 and filing is likely to be due towards mid-2025.
What is Exempt Income
The following types of income are exempted from the UAE corporate tax regime. However, it is recommended to consult with corporate tax consultants in UAE before making any tax-related decisions:
Dividends and capital gains earned from domestic and foreign shareholding.
Income of a Foreign Permanent Establishment.
Income derived by a Non-Resident Person from operating aircraft or ships in international transportation
How is Taxable Income calculated
Taxable income under UAE corporate tax law is determined by the net profit or loss reported in financial statements. Companies can use various financial standards to compute taxable income, aiding start-ups and SMEs in reducing compliance costs. It’s recommended to consult expert corporate tax advisors in the UAE for accurate income assessment.
How to form a Tax Group
To form a Tax Group, the parent and subsidiaries must be resident entities, share the same Fiscal Year, and use identical accounting standards.
Additionally, to form a Tax Group, the parent company must:
Own at least 95% of the share capital of the subsidiary.
Hold at least 95% of the voting rights in the subsidiary.
Is entitled to at least 95% of the subsidiary’s profits and net assets.
Will I have to pay UAE CT alongside VAT in the UAE?
If you are a registered business for VAT, you will have to pay VAT and CT separately. If your business is not VAT registered, you may still have to pay federal corporate tax.
The best Corporate Tax Services you are looking for in the UAE
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