Corporate Tax Services in United Arab Emirates

Are you navigating the complexities UAE’s corporate tax laws? JYWA SETTELERS understand well the challenges faced by businesses, especially those not registered under the UAE corporate tax system. On- compliance can lead to significant legal and financial repercussions. Whether you are a startup, SME or MNC’s, staying ahead of tax regulations is key to your business’s success and sustainability in UAE. 

Corporate Tax is direct tax levied on the net profit on your business. It is cleared “Corporate income Tax” or “Business Profit Tax”. In the United Arab Emirates, corporate tax is calculated at 9% on the net profit shown in your business financial statement. Rate of the corporate tax in UAE as 

• 0% for taxable income up to and including AED 375,000.

• 9% for taxable income exceeding AED 375,000.

If your business’s taxable net profit is more than 375,000 AED, you are required to pay 9%of the net profit as corporate tax on or after June 1, 2023.

JYWA SETTLERS provides comprehensive Corporate Tax assessment and compliance  services in United Arab Emirates, ensuring your business remains compliant with UAE’s tax regulations, their specialized corporate tax services include: 

• Corporate Tax Assessment services

Corporate tax assessment is crucial role, first it needs to find out the company business activities, this step crucial to determine the tax dues. This process plays a key role in making sure the companies add to the economic stability of UAE. In addition, this assessment helps in having fair financial environment in the city. It’s not only helps to understand companies to their tax dues but also align their operations with the national tax policies. The review of financial statements, invoices and other documents ensures all financial activities are recorded & tax calculations are made on solid evidence.

• Corporate Tax Registration services

Corporate Tax registration is mandatory for all taxpayers  registered in United Arab Emirates regardless that companies registered for Value Added Tax or not before their first corporate tax return.

• Corporate Tax return Filing services

Assessment of financial record and calculating the taxable income, applying the appropriate tax rate, and finally submitting the tax return. Throughout this process, accuracy and sticking to guidelines are important. Only one corporate tax return is required to be filed per tax period. The corporate tax return generally be due within nine months following the end of tax period.

• Corporate Tax training & services 

Corporate tax compliance is all about making ensure that companies follow the tax laws and regulations. Firstly, this process includes a close look at tax filing and payment records. It covers other signs of compliance as well. As a result, the company can identify any areas needing improvement. Following the rules and regulations helps them to avoid the penalties and fines by authority.

• Transfer Pricing 

Federal Tax Authority Issued the transfer pricing guide (TP Guide), which provides insights and practical guidance to taxpayers on the Transfer pricing rules as per Corporate Tax Law in United Arab Emirates. That guide provides comprehensive detail for instance how to identify related parties and connected persons, how to undertake functional analysis how to price intra- group financing transactions.

JYWA SETTLERS have specialized team for provide professional Corporate Tax services in United Arab Emirates to guide you through every step. Our team of tax experts offers you comprehensive support and solutions tailored to your unique business needs. From understanding your tax obligations to completing the registration and tax return filing process, we are with you all the way.