Corporate Tax Registration Services
Corporate tax is a direct tax applied to business earnings, often referred to as ‘Corporate Income Tax’ or ‘Business Profits Tax.’ Simply put, businesses are required to contribute a portion of their profits as tax. It serves as a means for the government to generate revenue based on business earnings.
Starting June 1, 2023, businesses across all Emirates are obligated to pay Corporate Tax (CT) if their annual net profit exceeds AED 375,000. The tax rate is set at 9%, one of the lowest globally and in the GCC, making the UAE a highly appealing destination for foreign investment.
Project Target
The primary aim of corporate tax services is to assist businesses in reducing their tax liabilities while maximizing post-tax profits. This is achieved through strategies like claiming tax deductions and credits, as well as structuring transactions efficiently for tax purposes.
Advantages Engaging corporate tax services offers several advantages, including:
Reduced Tax Liability:
Tax professionals can help identify and claim all applicable deductions and credits, leading to significant savings.Improved Compliance:
Corporate tax regulations are complex and frequently updated. Tax experts ensure adherence to all applicable laws and requirements.Peace of Mind:
Businesses can feel confident knowing that qualified professionals are managing their tax obligations efficiently.
Leveraging corporate tax services can help business owners save on taxes, maintain compliance, and focus on core operations with greater confidence.
Al Tawakkal: Your Expert Partner in Comprehensive Corporate Tax Services
At Al Tawakkal, we specialize in providing comprehensive corporate tax solutions tailored to businesses of all sizes. Whether you’re a startup or a well-established company, our dedicated team simplifies the complexities of corporate taxation.
From ensuring compliance with tax regulations to optimizing financial strategies, Al Tawakkal serves as a trusted partner in maximizing tax efficiency. Let us handle your corporate tax intricacies so you can focus on growing your business.
- Application for Exemption or Election into Corporate Tax
- Registration/Deregistration
- Transaction Analysis
- Taxable Income Computation
- Initial Screening and Impact Assessment
- Permanent Establishment Identification and Risk Assessment
- Foreign Tax Credit Management
- Transfer Pricing Advisory
- Annual Tax Return Filing
Corporate tax Registration
Businesses subject to corporate tax in the UAE must register with the Federal Tax Authority (FTA) and obtain a Tax Registration Number (TRN) within the stipulated timeframe. Companies that are no longer liable for corporate tax must apply for deregistration within three months of ceasing operations or liquidation. For seamless tax registration and deregistration, businesses can rely on expert guidance from Al Tawakkal’s advisors in Abu Dhabi.
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Managing Corporate Tax Regulations
Managing the ever-changing landscape of corporate tax can be challenging and time-intensive. Professional tax advisors simplify this process by providing expert insights and tailored solutions.
Corporate tax implementation may prompt businesses to reevaluate their operational structures to optimize tax savings. Al Tawakkal’s experienced team is equipped to help businesses navigate these changes. From assessing tax impacts to exploring potential benefits, we’re here to guide you every step of the way.