AKA Management Consultancy offers professional corporate tax return filing services in the UAE. Our team of skilled consultants is committed to guiding you through the corporate tax assessment, registration, deregistration, and return filing processes. With the implementation of corporate tax regulations in the UAE, it is essential for businesses to maintain a high level of professionalism to ensure compliance and avoid potential fines and penalties.
Corporate Tax Return Filing
In the United Arab Emirates, adherence to governmental tax laws and regulations is a mandatory requirement for all businesses. Corporate tax rates are structured in such a way that they stand at 0% for taxable income up to AED 375,000 and 9% for taxable income exceeding AED 375,000. For sizable multinational enterprises meeting specific criteria associated with ‘Pillar Two’ of the OECD’s Base Erosion and Profit Shifting initiative, different tax rates will be applicable.
Our professional corporate tax services assist companies in effectively navigating the intricate tax landscape and guaranteeing full compliance with tax regulations in the UAE. Our array of corporate tax return filing services encompasses the following key aspects:
- Accurate tax calculation and filing.
- Tax planning to minimize liabilities.
- Compliance with tax laws and regulations.
- Avoidance of penalties for non-compliance.
- Access to professional tax advice.
Filing corporate tax returns in the UAE is mandatory. The Federal Tax Authority (FTA) mandates that companies operating within the UAE must file tax returns and settle their tax liabilities in accordance with UAE tax regulations. It’s important to note that businesses with income below AED 375,000 will incur a 0% tax rate.
These tax regulations extend to both domestic and international companies conducting operations in the UAE, and neglecting to file tax returns or meet tax obligations can lead to penalties and fines.
Must UAE businesses with no income file corporate tax returns?
In the UAE, every company is mandated to file a corporate tax return, regardless of their financial status or income level.
Do Free Zone entities need to file Corporate Tax Returns in the UAE?
In the UAE, corporate tax is applicable to businesses operating in free zones, meaning that all free zone entities, whether they qualify as Free Zone persons or not, must file corporate tax returns.
Corporate Tax Return Filing Deadline
In the UAE, the deadline for filing a Corporate Tax Return is nine months after the end of the tax period. There’s no need for advance tax filings.
Businesses have up to 9 months from the conclusion of their tax period to submit their tax return and pay Corporate Tax to the Federal Tax Authority (FTA).
For example, if a company’s first tax period begins on June 1, 2023, it has until February 28, 2025, to meet the deadline. If a company’s first tax period starts on January 1, 2024, the deadline is September 30, 2025.
Hire AKA for Corporate Tax Services
AKA Management Consultancy boasts a team of exceptionally skilled and knowledgeable Tax consultants in the UAE, dedicated to providing clients with premier Corporate Tax services. We specialize in managing Corporate Tax returns, ensuring compliance to the Tax Authority’s laws and regulations.
Our services include:
- Document preparation
- Corporate Tax Assessment Services
- Corporate Tax Registration Services
- Corporate Tax Return Filing Services
- Corporate Tax Accounting Services
- Corporate Tax Audit Services
- Corporate Tax Compliance Services
- Corporate Tax Advisory Services
For more details, please get in touch with us