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Corporate Tax Consultants in Dubai

Corporate Tax Consultancy in Ajman: YUGA Accounting & Tax Consultancy

Best corporate tax consultants in Dubai : 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 Dubai ?

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Top Corporate Tax Consultancy in Dubai - Yuga Accounting | Dubai | Sharjah | Umm Al Quwain | Fujairah | Ras Al Khaimah |

YUGA Accounting & Tax Consultancy

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Why YUGA Accounting As Your Corporate Tax Consultants in Dubai ?

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.

Our Services

Corporate Tax Registration

YUGA Accounting specializes in delivering top-notch Corporate Tax Services, ensuring efficient and prompt Corporate Tax Registration in UAE to adhere to the new UAE Corporate Tax regulations. Familiarizing yourself with the corporate tax laws and registration processes is crucial for all businesses operating in the UAE.

Corporate Tax Assessment

Corporate Tax Impact Assessment is a structured and systematic process for considering the implications of corporate tax for businesses while there is still an opportunity to make necessary changes within and outside the standalone business unit or the group.

Corporate Tax Services

YUGA offers premier Corporate Tax Services in Dubai, UAE, supported by skilled Consultants who will help you navigate the tax assessment, registration, and return filing processes. The introduction of corporate tax in the UAE is set to revolutionize the country’s regulatory environment, requiring companies to be fully prepared to comply with this new tax regime.

Corporate Tax Return Filing

Corporate tax return filing is a legal requirement for companies operating in the UAE, and failure to comply can result in penalties and fines. With the announcement of UAE corporate tax law, companies are now preparing to file their corporate tax returns within the timeframe set by the Federal Tax Authority (FTA).

Corporate Tax Audit

With the public declaration by the Ministry of Finance (MoF) of the UAE that a new federal Corporate Tax Audit in UAE (CT) system would be implemented across the nation. Under which applicable companies must submit mandated corporate tax audits in UAE. The system will be in place for fiscal years beginning on or after June 1, 2023.

Transfer Pricing

Transfer Pricing in UAE documentation helps companies determine their tax liability based on the transactions while filing for corporate tax returns. It may impact the amount of taxable income declared in the former, and the transfer pricing documentation must be submitted as part of the corporate tax returns if required by the FTA.