Selecting the optimal corporate tax strategy is essential for achieving financial success.
Fincheck Accounting is a renowned and established tax consultant in UAE. Our committed group of tax specialists helps you to maximize your tax efficiency, make sure local laws are followed, and optimize your business tax plan. Regardless of your size—start-up or multinational company — our customized tax solutions are made to assist you in making wise financial choices, reducing tax obligations, and eventually propelling your company into greater success.
At Fincheck, we recognize that every company is different and so are its tax needs. With their extensive understanding of the UAE tax law and their worldwide perspective, our skilled experts can offer you customized workable solutions and advise. Our services address the whole range of tax-related requirements, from VAT compliance to corporate tax planning and structuring.
Our experienced professionals provide comprehensive tax services to help business owners, executives and individuals identify immediate and potential tax opportunities and concerns.
Corporate Tax
The UAE's new Corporate Tax (CT) regime is effective for financial years starting on or after 1 June 2023.
The Corporate tax will be levied at the following rates:
Rate Table
Further, where the taxable person constitutes a qualifying free zone person (QFZP), its qualifying income is subject to a reduced CT rate of 0%. Any non-qualifying income will remain subject to CT at 9%, noting other exemptions or reliefs as may be applicable.
Our specialist team at Fincheck provides the full spectrum of Corporate Tax services, including:
- Corporate Tax Registration - Helping companies with the initial registration process for corporate taxes.
- Corporate Tax Advisory - Providing expert advice on corporate tax matters to optimize financial strategies.
- Corporate Tax Impact Analysis - Evaluating the impact of corporate tax changes on a business and offering insights.
- Corporate Tax Return and Refunds Assistance - Assisting in the preparation and filing of corporate tax returns, as well as navigating refund processes.
- Transfer Pricing Services - Managing and advising on the pricing of transactions within a multinational group to ensure compliance.
Deadlines for registration of corporate tax for resident Corporations/ Companies/ Legal entities in UAE?
The Federal Tax Authority vide its Decision No. 3 of 2024 issued the timelines for registrations of taxable persons.
The mandatory timelines for registration of Companies/ Corporations/ Legal entities (including a Free Zone person incorporated/ established in UAE before 1 March 2024 are as under:
|
Date of License irrespective of year of issuance
|
Deadlines for submitting a tax registration application |
| January or February |
31 May 2024 |
| March or April |
30 June 2024 |
| May |
31 July 2024 |
June
|
31 August 2024 |
| July |
30 September 2024 |
| August or September |
31 October 2024 |
| October or November |
30 November 2024 |
| December |
31 December 2024 |
| In the case if a person does not have a license |
3 months from 1 March 2024 |
For the companies/ corporation/ legal entities (including Free zone person) incorporated/ established on or after 1 March 2024 the due date for corporate tax registration will be as under:
|
Category of Natural Person
|
Deadlines for submitting a tax registration application |
| A resident person established or incorporated in the UAE, including a Free Zone Person. |
3 months from the date of incorporation/ establishment. |
| A person incorporated or established in the foreign jurisdiction but is effectively managed and controlled in the UAE. |
3 months from the end of its financial year. |
For Eg
|
If date of incorporation of resident company is following
|
Deadline for submitting a tax registration application will be |
| 18 August 2022 |
31 October 2024 |
| 28 January 2023 |
31 May 2024 |
| 5 April 2024 |
4 July 2024 |
Deadlines for registration of corporate tax for non- resident Corporations/ Companies/ Legal entities carrying out business activities in UAE?
|
Category of non-resident corporations/ companies carrying out business in UAE
|
Deadlines for submitting a tax registration application |
| A person that has a Permanent Establishment (“PE”) prior to 1 March 2024 |
9 months from the date of existence of the PE |
| A person that has a nexus prior to 1 March 2024 |
3 months starting from 1 March 2024 |
| A person that has a PE on or after to 1 March 2024 |
6 months from the date of existence of the PE |
| A person that has a nexus on or after to 1 March 2024 |
3 months from the date of establishment of the nexus |
Deadlines for corporate tax registrations for natural person carrying on business or business activity in UAE?
|
Category of Natural Person (whose total turnover from business activities exceeds AED 1 million in Gregorian Calander year*)
|
Deadlines for submitting a tax registration application |
| A Resident natural |
31 March of the subsequent year |
| A non-resident natural person. |
3 months from the date of meeting the requirements to be subject to tax |
