Corporate Tax

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What separates us from the rest

The UAE’s Ministry of Finance (MoF) introduced a federal corporation tax (CT) effective from June 1, 2023. We are at the forefront of corporate tax solutions, addressing clients’ corporate tax needs daily.

Expertise

BSA stands out for its corporate tax services in the UAE. Our team of seasoned professionals possesses the knowledge

Solutions

Businesses and people alike must abide by a plethora of tax laws and financial rules in today's regulatory climate.

Commitment

What truly distinguishes BSA is our unwavering commitment to providing excellent corporate tax advisory services

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Navigating Corporate Tax

Embarking on the corporate tax journey demands precision and know-how. At BSA, we guide you through the process seamlessly, ensuring your business’s compliance. From obtaining your Tax Registration Number to determining and computing taxable income across various corporate structures, we’ve got you covered.

Our commitment extends beyond registration. BSA meticulously prepares and files your tax returns, ensuring accuracy and timeliness so you can focus on your core operations. Change is inevitable in business. When it’s time to wrap up operations, we handle the deregistration of your Tax Registration Number, simplifying the process. We prepare and file tax documents, represent you, and reply to notices issued by the authorities. Should the need arise, we’re well-equipped to file appeals against penalties or notices, safeguarding your financial interests.

Choose BSA as a trusted partner in every facet of your corporate tax journey. We’re dedicated to your financial success.

How BSA Can Empower Your Company

We at BSA are your financial partners in success, not just number crunchers. Our whole range of accounting services is intended to help businesses of all sizes and sectors succeed. Here’s how we can support the success of your business:

Transfer Pricing

Adhering to transfer pricing regulations is crucial due to Corporate Tax in the UAE. Non-compliance can result in penalties. BSA ensures your compliance and facilitates international business

Corporate Tax Rate Planning

We specialize in Corporate Tax rate planning, helping businesses optimize their tax strategies for financial growth and stability.

Corporate Tax Impact Assessment

We conduct thorough Corporate Tax impact assessments to evaluate potential tax implications.

Corporate Tax Transition Management

We offer Corporate Tax transition management services that guide businesses through tax law changes, compliance adjustments, and strategic planning for seamless transitions.

Minimizing Tax-Related Penalties

Our strategies focus on compliance, reducing the risk of penalties, and maximizing savings for your business.

Penalty Resolution Strategies

Rely on our expertise to resolve tax penalties effectively. We craft customized strategies to address and resolve penalties, ensuring financial stability for your business.

Initiate Your Corporate Journey with us

Frequently Asked Questions

Q.1 What is corporate tax ?

Corporate tax refers to the taxes imposed on the profits of businesses operating in the Emirate. UAE follows a territorial tax system, and as of my knowledge cutoff date in 2022, there is no federal corporate income tax. However, each Emirate, including Dubai, may have its own rules and regulations regarding corporate taxes.

Q.2 Is there a corporate tax rate in UAE?

UAE government had introduced a corporate tax rate of 9% on the profits of businesses in the UAE, with certain exceptions, starting from 2019. It's important to check for any updates or changes in tax rates as they may have evolved since my last knowledge update.

Q.3 Who needs to pay corporate tax?

Companies operating in Dubai are generally subject to corporate tax. However, specific exemptions and rules may apply, so it's important to consult with tax professionals or government authorities to determine your tax obligations.

Q.4 What is the VAT (Value Added Tax) rate in UAE?

As of my last update in 2022, UAE implemented a 5% Value Added Tax (VAT) on most goods and services. Businesses are required to register for VAT and collect and remit the tax to the government.

Q.5 Are there any tax incentives for businesses?

Dubai offers various tax incentives and exemptions to attract foreign investment and promote economic growth. These incentives may vary based on the type of business activity and the location within Dubai's various free zones. Consulting with a tax expert can help you navigate these incentives.

Q.6 How can I minimize my corporate tax liability?

Minimizing tax liability can involve various strategies, such as taking advantage of tax incentives, structuring your business efficiently, and managing deductions. A tax consultant or advisor can provide guidance tailored to your specific situation.

Q.7 How can I register my business for corporate tax?

To register for corporate tax you'll typically need to liaise with the relevant government authorities. The specific process and requirements may vary depending on your business structure and location. It's advisable to seek professional assistance for a smooth registration process.

Q.8 What are the penalties for non-compliance with corporate tax regulations?

Non-compliance with tax regulations in UAE can result in penalties, fines, and legal consequences. The severity of penalties may vary depending on the nature and extent of non-compliance. It's essential to stay informed about your tax obligations and seek professional advice to avoid penalties.

Q.9 How often do I need to file corporate tax returns?

The frequency of corporate tax filings may vary depending on your business structure and the specific regulations in place. It's important to maintain accurate financial records and comply with the filing deadlines to avoid penalties.

Q.10 Can I get help with corporate tax compliance?

Yes, there are many tax consultancy firms and professionals who can assist with corporate tax compliance, including tax planning, registration, and filing. Hiring a tax expert can help ensure that your business complies with all tax regulations and takes advantage of available incentives.

Dubai

Sharjah

Ras Al Haimah

Dubai