Tax Consulting Services in UAE
Understanding Corporate Tax (CIT) regulations in UAE
We provide comprehensive guidance on the UAE’s CIT regulations, helping you understand your tax liabilities and obligations. Our team will keep you informed of any changes or updates to the tax laws that may impact your business.
Corporate Tax Registration
All businesses subject to UAE Corporate Tax are legally required to register with the FTA (Federal Tax Authority) and secure a Tax Registration Number (TRN). Failure to meet the registration deadline will result in a penalty of up to AED 10,000. Ensure your timely compliance to avoid fines.
Corporate Tax Return Filing
Every taxable person in the UAE is required to file a Corporate Tax return with the FTA for each tax period. You must file the CT return and pay any tax due within nine (9) months after the end of your financial year.
Penalties for Non-compliance:
- Late Filing: A penalty of AED 500 for each month for the first 12 months, followed by AED 1,000 for each month thereafter.
- Late tax Paymen𝐭: Monthly penalty of 14% per annum for each month of the unpaid tax amount.
Corporate Tax Deregistration
If your business activity has ceased, is dissolved, or has been liquidated, you are legally required to apply for Corporate Tax de-registration with the FTA.
- Deadline: You must submit your de-registration application within three (3) months of the date your business activity ceased.
- Penalty: Failure to submit the application on time will result in an initial penalty of AED 1,000, followed by an additional penalty of AED 1,000 per month of delay, capped at a maximum fine of AED 10,000.
- Important Note: Deregistration will only be approved once all outstanding Corporate Tax liabilities, including all administrative penalties, have been settled and the final tax return has been filed.
Understanding VAT regulations in UAE
Navigate the complexities of UAE’s tax regulations with ease and ensure your business remains compliant with the help of our knowledgeable and experienced team. We provide comprehensive support in VAT registration, deregistration and return filing with the Federal Tax Authority (FTA).
VAT Registration
We’ll help you determine whether your business falls under mandatory or voluntary registration categories and guide you through the entire VAT registration process.
VAT Return Filing
We prepare and file your VAT returns, accurately calculating output and input tax. Our team will thoroughly assess your invoices, contracts, and purchase orders, ensuring they align with UAE’s tax regulations.
VAT Deregistration
Mandatory if you stop making taxable supplies or your annual supplies fall below AED 187,500.
We streamline your deregistration process, managing all required documentation, including financial statements and proof of business closure. Ensure compliance and avoid penalties (up to AED 10,000) with our prompt submissions through EmaraTax. We also handle your final tax return and settle any outstanding liabilities.