Corporate Tax Service

“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.

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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:

A 0% tax rate on taxable income up to AED 375,000.
A 9% tax rate on taxable income exceeding AED 375,000.
Multinational corporations subject to OECD Base Erosion and Profit-Sharing (BEPS) laws under Pillar 2, with combined worldwide revenues exceeding AED 3.15 billion (€750 million), will face varying rates.

Tax Structuring

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.

Corporate Tax Filing

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:

Corporate Tax Impact Assessment Study

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.

Corporate Tax Advisory Services in UAE

Evaluating and providing guidance on tax implications for the company.
Determining eligibility for corporate tax and advising on potential exemptions for mainland, offshore, and free zone businesses.
Analyzing and assessing the potential for tax grouping among companies to maximize tax benefits.
Offering advice on restructuring group companies, including foreign subsidiaries and branches.
Advising on opportunities for foreign tax credits, withholding taxes, and the deduction of expenses and interest.

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:

Tax Planning: Developing effective tax strategies to optimize your tax burden and maximize profitability.
Tax Compliance: Ensuring adherence to all corporate tax regulations and deadlines.
Tax Return Preparation: Accurate and timely preparation of corporate tax returns.
Tax Audits and Disputes: Representation and assistance in tax audits and dispute resolution proceedings.
Transfer Pricing: Ensuring compliance with transfer pricing regulations and minimizing tax risks associated with inter-company transactions.
Tax Advisory: Providing expert advice on various tax-related matters, including tax implications of business restructuring and mergers and acquisitions.

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.

FAQs on Corporate Tax Compliance Services

What is the Corporate Tax rate in UAE?

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.

Which businesses will be covered under Corporate Tax?

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).

What UAE Corporate Tax rate will apply to entities established in a Free Zone?

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.

Will an individual be subject to UAE Corporate Tax on income from real estate?

Income earned by an individual from the investment in UAE property in their personal capacity will generally not be subject to UAE Corporate Tax.

Will all entities that are subject to UAE Corporate Tax be required to have audited financial statements?

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.