Corporate Tax Consultants in Sajaa industrial area : YUGA Accounting & Tax Consultancy
Top Corporate Tax Consultants in Sajaa Industrial Area : The Ministry of Finance has announced the implementation of a 9% federal corporate tax on business profits in the UAE, applicable to earnings exceeding AED 375,000. This tax will be effective starting from the financial year commencing on 1st June 2023.
The UAE Corporate Tax is one of the most competitive globally and the lowest within the GCC region. Being a federal tax, it will be applicable across all Emirates, with the Federal Tax Authority overseeing its administration, collection, and enforcement.
Do You Need a Corporate Tax Consultancy in sajaa Industrial Area?
YUGA Accounting & Tax Consultancy
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Why YUGA Accounting As Your Corporate Tax Consultants in Sajaa Industrial Area ?
Preparing for corporate tax compliance early will avoid higher implementation costs and reduce the pressure on internal teams to complete these preparations within a tight last-minute deadline.
Our expertise and experience will ensure that your organization makes a smooth and seamless transition to the era of Corporate Tax.
UAE Corporate Tax Rate:
0% for taxable income up to AED 375,000.
9% for taxable income above AED 375,000.
Corporate Tax Rate for Free Zones:
Free Zone ( including financial free zones) businesses in UAE will be subject to corporate Tax. However, it has been clarified that the corporate tax regime will continue to honors the corporate tax incentives currently being offered to free zone businesses that comply with all regulatory requirements and that do not conduct business in mainland UAE. Businesses established in a free zone will be required to register and file a corporate tax return.