“Comprehensive Corporate Tax Solutions for UAE Businesses!”
At STH Financial Services, we offer expert corporate tax services tailored to meet the unique needs of businesses operating in the UAE. Our team of experienced professionals is dedicated to ensuring your compliance with the latest tax regulations and minimizing your tax liability.
STH Financial Services
Years of Experience
Overview: The United Arab Emirates (UAE) introduced a corporate tax effective June 1, 2023. This move was part of the UAE’s commitment to international tax standards, aligning with similar initiatives in other Gulf countries. The new tax policy aims to reduce regulatory burdens for UAE businesses while offering protection to small enterprises and startups.
Corporate Tax Rates in UAE:
The corporate tax rates are as follows:
Effective tax structuring establishes a regulated framework for managing tax payments and trading arrangements. It helps minimize both direct and indirect taxes that your organization must pay. An optimal tax plan aligns with your corporate strategy or business framework and includes the identification of tax risks.
Properly filing tax returns on time and adhering to national and international tax regulations (such as those from the FTA and CSR) helps you avoid penalties and legal issues. Businesses subject to Corporate Tax (CT) must register with the FTA and obtain a Tax Registration Number within the specified timeframe. Tax returns and CT payments are required to be submitted within nine months of the end of the relevant tax period.
Our Corporate Tax Filing Services include:
An initial evaluation of the corporate tax impact based on the current operational structure of the company will be conducted. This will be followed by an analysis of system impacts, which will involve assessing the data needed for corporate tax compliance and determining if it is being collected by the existing systems.
At STH Services, we understand the intricacies of the corporate tax landscape. Our expert team of tax advisors goes beyond simple compliance, offering a comprehensive suite of corporate tax services designed to optimize your financial health & navigate today’s complex tax environment.
Our corporate tax services include:
Choosing STH corporate tax advisory services is more than just outsourcing compliance. It’s a strategic investment in your long-term success. We become your trusted partners, working alongside you to unlock tax efficiency, minimize risks, and optimize your financial performance. Contact us today for a free consultation and discover how our comprehensive corporate tax advisory services can propel your business towards a brighter financial future.
Corporate Tax has been levied at a headline rate of 9% on Taxable Income exceeding AED 375,000. Taxable Income below this threshold will be subject to a 0% rate.
It applies to all businesses in the UAE irrespective of their level of revenue and income. Moreover, natural persons are also subject to corporate tax if their annual income during gregorian calendar year is more than AED 1 million (except income earned from salaries and wages, real estate income (provided business license is not required) and dividend income).
Entities established in a Free Zone that meet the conditions to benefit from the Free Zone Corporate Tax regime (“Qualifying Free Zone Persons”) will be subject to UAE Corporate Tax at the following rates:
● 0% on Qualifying Income.
● 9% on Taxable Income that does not meet the Qualifying Income definition.
Income earned by an individual from the investment in UAE property in their personal capacity will generally not be subject to UAE Corporate Tax.
As per the Ministerial Decision No. 82/2023, all Taxable Persons deriving revenue exceeding AED 50,000,000 (Fifty Million Dirham) during the relevant tax period, and all Qualifying Free Zone Person(s) (regardless of its Revenue) are required to prepare and maintain audited financial statements. In the case of all other Taxable Persons, the Federal Tax Authority can ask for financial statements from any Taxable Person.
Contact us today to schedule a consultation and learn how our corporate tax services can benefit your business.
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