CORPORATE TAX IMPLEMENTATION

Corporate Tax Implementation Service in UAE

With Federal Decree-Law No. 47 of 2022, the UAE implemented corporate tax, which took effect for financial years beginning on or after June 1, 2023.

The current tax rate for businesses with net profits over AED 375,000 is 9%. This action aims to comply with international tax standards and promote economic growth in the United Arab Emirates.

Our experienced professionals having industry experience and experience in corporate tax can supplement the professionals of your organization to ensure the error-free transition for UAE corporate tax implementation.

Whether your organization is an emerging operation or a large, established business, our professionals will apply their years of corporate tax experience and resources to help you identify areas of risk and offer solutions that mitigate financial risk and tax compliance exposures.

Our Corporate Tax Implementation Service Includes:

• Conduct an impact assessment of the legal structure of the organization and the group at large
• Conduct impact analysis of the bottom line and profits after tax
• Review whether the financial year followed by the organization requires any modification / adopt a uniform financial year
• Review if Internationally Accepted Accounting Standards have been followed in all aspects of the financial statements
• Review whether adequate resources are available to undertake corporate tax compliance functions
• Review whether the processes adopted by the organization to ensure adherence and compliance to corporate tax are adequate