Corporate Tax in the UAE

The newly implemented corporate tax law in the UAE imposes a 9% tax rate starting from June 1, 2023, for corporations that generate taxable profits exceeding AED 375,000, while free zone qualifying interventions shall continue benefiting from a vestige of a 0% rate on eligible income. This implementation is one way of enhancing openness, sustaining economic stability, and bringing the UAE into line with the rest of the world in terms of tax practices.

Corporate tax targets mainland firms, businesses based in free zones, foreign firms with a UAE presence, and individuals able to undertake licensed commercial activities. Corporate tax is always calculated based on net profit, which follows clear guidelines laid down by the Federal Tax Authority (FTA). Following these new obligations, companies will have to ensure that they keep accurate financial records supported by responsible compliance management.

MA Auditing provides a complete range of specialized services so that businesses can complete these requirements efficiently. Our offerings for corporate taxation are:

• Corporate Tax Services: complete advisory and compliance support
• Corporate Tax Registration: FTA registration and documentation handling
• Corporate Tax Assessment: calculation of taxable income determination and evaluation of liabilities
• Corporate Tax Audit: preparation of records for FTA reviews and ensuring accuracy
• Corporate Tax Return Filing: Timely preparation and submission of annual returns

With a team of FTA approved tax professionals, MA Auditing ensures that your company is compliant and audit-ready and aligned with the requirements established under the UAE regulation on corporate tax. We will help you in bringing down risks, streamlining processes, and remaining fully prepared in the new tax regime.

Corporate Tax Services

MA Auditing provides expert corporate tax services in the UAE to ensure that every firm is guided by a seasoned consultant throughout the entire journey of tax processing—from registration and evaluation to return filing. Our team ensures that the company meets every single requirement prescribed at the Federal Tax Authority (FTA) level.

The introduction of Corporate Tax in the UAE is a drastic revolution in the regulatory framework of the country. And companies should be well-equipped for compliance with this new tax scheme. While we help companies with these changes, ensuring that risks are minimized and the highest level of compliance is attained, the companies will continue harnessing their energies on growth and operational efficiency.

Corporate Tax Registration

Registration for corporate tax in the UAE is a basic responsibility for businesses earning more than AED 375,000 annually. The registration is done to observe Federal Tax Authority (FTA) requirements and thus help the companies evade penalties and have a clear basis for tax assessment, return filing, and other regulatory compliance. It is equally important to comprehend the necessary documents and processes involved for a proper flow of registration, reporting, and financial planning under the new corporate tax regime.

The corporate tax regime was passed in 2022 and became effective in June 2023 in the UAE, following international best practices and OECD standards, both for mainland companies, free zone entities, and foreign entities with a UAE presence, as well as for patently licensed commercial activities. MA Auditing offers specialized consultation and practical assistance on the registration process, ensuring compliance, minimizing risks, and effectively helping enterprises adjust during this historic shift in the UAE taxation landscape.

Corporate Tax Impact Assessment

A Corporate Tax Impact Assessment—in addition to financial processes and strategy plans—can give business operation implications that Corporate Tax in the UAE might bring. The review of corporate structure, financial records, and internal processes helps in determining the risks and opportunities a business might face before filing its first return. In this way, it would be possible for the corporate decision maker to decide on changes, tax optimization, and adherence to taxation rules set by the FTA.

MA Auditing delivers a complete solution of assessments on impact as well as document audits and compliance evaluations. Our experts will review your company's records, contracts, and intercompany arrangements and provide you with insight on how these would impact adjustments to taxation, transfer pricing, and exemption eligibility. These services also ensure that a corporation remains compliant while minimizing tax exposure and would also be strategic in all its decisions with the ongoing corporate tax reform in the UAE.

Corporate Tax Audit Services

Corporate tax auditing in Dubai presents one of the crucial requirements for businesses operating in alignment with the new UAE Corporate Tax Law that assesses their financial statements, tax returns, and supporting documents. It entails a detailed review of accounting records and tax-related returns for correctness, discrepancy spotting, and compliance with tax obligations towards the Federal Tax Authority (FTA). This is extremely important for companies whose revenues touch or exceed AED 50 million or Free Zone entities qualifying for the same, as this would be an essential step towards compliance and staying clear of any penalties.

WE offers top-notch corporate tax Audit services, making an end-to-end provision to enterprises at every stage of the audit exercise. Our experts assist in the preparation of audited financial statements with IFRS standards and auditing the internal records, besides ensuring that the documentation is in place. In addition, we accompany clients through the complete process of audit, which includes connectivity with auditors, responding to their queries during audit, and offering strategic advice with regard to compliance and financial openness.

Regular corporate tax Audits not only ascertain compliance but also offer insights into business operations. An audit will help uncover inefficiencies; it will help strengthen internal controls; it will reduce the risk of damages or fraud; and it will empower the management to take better financial decisions. Businesses operating in Dubai can thereby be comfortable with the corporate tax framework in the UAE and be able to optimize their financial planning and governance through the expertise of MA Auditing.

Corporate Tax Return Filing

Filing for corporate tax returns is a legal compulsion for all continuous businesses in the UAE, including those registered in Free Zones and companies with an entirely offshore income. Filing an accurate tax return ensures adherence to the Federal Tax Authority (FTA) while saving businesses from incurring penalties or fines. The tax return process requires determining taxable income, considering deductions/exemptions, and providing an exhaustive account of income and expenditure for that tax period.

We provide professional support in the entire process of corporate tax return filing. Our services include tax registration, preparation of audited financial statements, tax liability calculation, and returns through the FTA online portal. We also assist businesses in ensuring that proper documentation is maintained, including transfer pricing records, provisions, and intercompany transactions, to secure accurate reporting and compliance.

Our accountancy specialists help businesses complete return filings without stress or worry, saving them from risks of defaults or errors and providing opportunities to maximize tax reliefs. Following the guidelines of MA Auditing ensures that businesses are kept in line with legal requirements per the UAE corporate taxes and thus simplifies the process of filing.