Corporate Tax Return Filing Services in UAE
Xact Auditing is offering best and reliable corporate tax return filing services in UAE. Our expert consultants who guide you through the corporate tax assessment, corporate tax registration, corporate tax deregistration and return filing process.
The introduction of corporate tax in the UAE will likely transform the country’s regulatory landscape. All the companies in UAE must be fully prepared to comply with the UAE corporate tax laws in order to avoid corporate tax fines and penalties in UAE.
Corporate Tax Return Filing
In the UAE, businesses are required to comply with tax laws and regulations set by the government. Corporate tax will be levied at 0% for taxable income up to AED 375,000 and 9% for taxable income over AED 375,000. Large multinational corporations that fulfill particular requirements related to ‘Pillar Two’ of the OECD Base Erosion and Profit Shifting initiative will be taxed at a different rate.
Corporate tax services help companies to navigate this new complex tax system and ensure compliance with tax regulations. Our corporate tax return filing services in UAE will include:
- Accurate calculation and filing of taxes
- Minimization of tax liability through tax planning
- Compliance with tax laws and regulations
- Avoidance of penalties for non-compliance
- Access to professional advice on tax-related matters
What is Corporate Tax Return Filing in UAE?
Is it Mandatory To File Corporate Tax Returns in UAE?
Yes, it is mandatory to file corporate tax returns in the UAE. FTA requires companies operating in the UAE to file tax returns and pay taxes on their taxable income as per the UAE tax laws. However, only 0% tax will be subjected for businesses with income less than AED 375,000.
The tax laws in the UAE apply to both local and foreign companies operating in the country, and failure to file tax returns or pay taxes can result in penalties and fines.
Should UAE businesses with no income file for CT returns?
All the companies in UAE are required to file a corporate tax return, irrespective of the turnover or the financial status of the company.
Should Free Zone entities file for Corporate Tax Returns?
Corporate tax in UAE is imposed on free zone companies as well. Hence, All free Z\zone entities will be required to file a corporate tax return, even if they are Qualifying Free Zone persons or not.
How often Businesses should file for Corporate Tax Returns in UAE?
Companies in UAE will be required to file a corporate tax return only once a year as per the tax period mentioned on the corporate tax registration certificate.
Corporate Tax Return Filing Deadline
Companies in the UAE will have up to 9 months from the end of the relevant tax period to submit their corporate tax return and pay the CT to the Federal Tax Authority (FTA).
For example, a company with a financial year period of January 1, 2024 to December 31, 2024 will have a deadline up to September 30, 2025, whereas a company with a financial year period beginning on June 1, 2023 would have a deadline up to February 28, 2025.
Looking for best Corporate Tax Services in UAE?
Xact Auditing has highly knowledgeable and experienced Tax consultants in UAE in assisting clients with the best Corporate Tax services in UAE for Corporate Tax returns, ensuring staying compliant with the laws and regulations of the Tax Authority.
Our team also guides you through document preparation, calculating the tax liability, and tax compliance for Corporate Tax activities such as Registration, filing returns, refunds, etc. Contact Us.
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