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Corporate Tax & VAT Services in UAE

Complete Solution for your Corporate Tax & VAT concerns.

VAT & Tax Consultation

One of the major challenges you may face in a business is dealing with tax complexities. Our highly qualified and proven accounting professionals will help you navigate through the complex tax policies and ensure compliance. With our deep knowledge of the local tax regulations and practices, we ensure that your business overcomes all the tax complexities by optimizing strategies on a timely basis. This also ensures that your tax liabilities are reduced and comply with value-added Tax policies. 

What is Corporate Tax?

Corporate Tax is the tax imposed by the government of UAE on the net profits of businesses operated in the country. The standard taxable rate is 9%.  This rate is applicable for those businesses having taxable income exceeding AED 375000, while no tax is imposed for entities having taxable income below that.

Government establishments, Non-Profit organizations, certain entities engaged in special industries and Businesses operating in some Freezones are exempted from Corporate Tax. Any business must comply with the existing corporate tax prevailing in the country.

Our financial experts at Smart Business Solutions assist clients in fulfilling the complete task related to corporate tax compliance.

Understanding VAT (value-added Tax)

VAT or value-added tax is an indirect tax levied on goods & services. This is paid by the businesses to the government at every step in the supply chain. VAT is generally borne by the end-user or the consumer, wherein the businesses collect the tax and pay it to the government. Every business must register for VAT to pay the tax collected from consumers to the government. The Standard Value Added Tax in UAE is 5%, which is applicable for most of the goods and services except a few (exemptions). VAT is managed and collected by the Federal Tax Authority (FTA). VAT is levied to the customer for both online and offline transactions. There are certain services where 0% VAT is levied, and some services are exempted from VAT.

VAT Consultancy Services We Provide

VAT Registration

Businesses must register for VAT, and it is mandatory if their minimum threshold for all Taxable supplies or imports of goods and services is equal to or exceeds AED 375,000 annually. It is voluntary to register for VAT if Businesses with their taxable supplies or imports of goods and services are equal or exceed the annual threshold of AED 1875,000.

VAT Consultancy

Our experienced accounts experts ensure that the client’s business complies with the VAT regulations in the UAE. We simplify your business needs by providing comprehensive solutions for your VAT and corporate TAX requirements.

VAT Return Filing

VAT return filing is the process of filing and paying the VAT collected to the tax authority during the return period. Our accountants assist you in simplifying the task by ascertaining the Tax to be paid and proceed with the filing process. Once the FTA verifies the submission of VAT, the taxpayer needs to proceed with payment through stipulated payment portals.