On January 31, 2022 the Ministry of Finance of the United Arab Emirates (UAE) announced the introduction of a federal Corporate Tax on business profits, effective from the financial year beginning June 1, 2023.

The tax rate is a uniform 9% across all emirates and all commercial activities and is payable on profits earned above AED 375,000 during a financial year. Our Corporate Tax experts will assist you in smooth implementation of this legislation in your business.

We can assist in:

  1. Registration for Corporates, individuals, and tax groups
  2. Applicability Assessment of the Corporate Tax regulatory changes in your business
  3. Application of Corporate Tax exemptions (for Charities, public benefit organisations and Investment funds)
  4. Book-keeping and segregation of accounts for Free Zone entities
  5. Tax planning and structuring
  6. Assistance in the UAE for applicable foreign entities
  7. Application of Foreign Tax Credit
  8. Tax residency Certificates
  9. Impact analysis for proposed foreign transactions
  10. Reviewing the tax aspects of your contracts and other binding international agreements
  11. Transfer pricing implementation including assistance in maintaining relevant documentation
  12. Transaction structuring in line with Transfer Pricing Regulations
  13. Tax return filing and tax payment compliances

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