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
F.A.Q
Solution for Your Business Formation Needs in Value Added Tax (VAT)
Find answers to frequently asked questions about Value Added Tax (VAT) concerns.
VAT Value Added Tax, is a small tax added to most goods and services in Dubai and throughout the UAE. It’s currently set at 5% and is part of the government’s effort to support public services.
If your business makes over AED 375,000 a year in taxable goods or services, you’ll need to register for VAT. It’s a requirement set by the UAE government to keep things fair and transparent.
VAT returns in the UAE are typically filed on a quarterly basis. Some businesses may be required to file monthly, depending on their size or the FTA's guidelines.
Businesses need to keep clear and accurate records of all VAT related transactions. This includes invoices, receipts, and supporting documents to ensure proper reporting and filing.
Yes, certain goods and services in the UAE are either VAT-exempt or zero-rated. Zero-rated means VAT is charged at 0%.
All annual taxable profits that fall under AED 375,000 shall be subject to zero rate. All annual taxable profits above AED 375,000 shall be subject to 9% rate.
Corporate Tax in Dubai is a 9% tax on a company’s net profits, introduced on June 1, 2023. It applies to businesses earning above a certain profit threshold, with the aim of supporting national development.
Yes, all legal entities in the UAE whether mainland or free zone companies—need to register for Corporate Tax. This also includes foreign businesses that are actively operating in the UAE. Even if a company qualifies for exemptions, registration is still a must to stay compliant.
We need to file Corporate Tax on Yearly basis end of Financial Year.
The Small Business Exemption allows companies with net profits below AED 375,000 to be exempt from paying Corporate Tax. It’s designed to support startups and smaller businesses by easing their financial burden.
F.A.Q
Solution for Your Business Formation Needs in Corportate Tax (CT)
Find answers to frequently asked questions about Corporate Tax (CT) concerns.