Corporate Tax
End-to-End Corporate Tax Solutions for Your Business
Corporate Tax compliance is a critical aspect of doing business in the UAE. At Tax Cave Global, we provide comprehensive solutions to ensure your business meets all corporate tax obligations under UAE law. Whether you’re a small enterprise or a multinational, our team of corporate tax experts is equipped to handle your needs. From registration and impact assessment to filing and transfer pricing documentation, we deliver a seamless and compliant corporate tax experience.
We ensure your business stays aligned with regulatory requirements while optimizing your tax position, leveraging opportunities for exemptions and credits where applicable.
FAQs
Who is subject to corporate tax in the UAE?
Corporate Tax applies to:
All businesses and entities operating in the UAE, except for certain exempt entities like government bodies and non-profits.
Free Zone entities earning taxable income outside the free zone may also be subject to tax.
What is the UAE Corporate Tax rate?
The tax rate structure is as follows:
0%: Taxable income up to AED 375,000.
9%: Taxable income exceeding AED 375,000.
What does Corporate Tax compliance involve?
Compliance includes:
Tax registration: Obtaining a Corporate Tax Registration Number (CTRN).
Accurate accounting records: Maintaining books as per regulatory standards.
Filing tax returns: Annual submission of corporate tax returns to the UAE Federal Tax Authority.
Are there exemptions for Corporate Tax in the UAE?
Yes, exemptions apply to:
Income from extractive businesses.
Dividends and capital gains from qualifying shareholdings.
Income earned by a Free Zone Person meeting specified conditions.
How can Tax Cave Global help with corporate tax registration?
We manage the entire process, including:
Assessment of taxable status.
Preparation and submission of the registration application to the FTA.
Ensuring compliance with ongoing regulatory requirements.
What is Transfer Pricing, and why is it important?
Transfer Pricing involves pricing transactions between related parties to ensure they are at arm’s length. Compliance with Transfer Pricing regulations is critical to avoid penalties and ensure fair tax treatment.
What is the penalty for failing to comply with Corporate Tax?
Non-compliance can result in significant penalties, including:
Late registration fines.
Underpayment of tax penalties.
Additional charges for incorrect returns or failure to maintain proper records.
Does UAE Corporate Tax apply to free zone companies?
Yes, free zone companies must comply with Corporate Tax regulations unless they meet qualifying income criteria for exemptions.
What services does Tax Cave Global offer under Corporate Tax?
We provide:
Corporate Tax Registration.
Tax impact assessment and planning.
Annual corporate tax return filing.
Assistance with Transfer Pricing documentation.
Support during FTA audits and clarifications.
How can businesses optimize their tax position?
Businesses can optimize their tax position by:
Proper tax planning and strategic restructuring.
Leveraging exemptions and credits where applicable.
Maintaining accurate and timely documentation.
What documentation is required for corporate tax compliance?
Essential documentation includes:
Financial statements prepared as per accounting standards.
Transfer Pricing records for related-party transactions.
Supporting documents for deductions and exemptions claimed.
What are the deadlines for filing Corporate Tax returns?
Corporate Tax returns must be filed annually within 9 months of the end of the relevant financial year.
Simplify Corporate Tax with Tax Cave Global
Corporate Tax compliance is no longer a challenge with our expert services. From registration to filing and audits, we ensure your business is fully compliant and optimized for success. Contact us today for a consultation!