b r a n c h e s
Need Help, Talk to Expert : +(971) 506639697

Working Hours : Monday to Saturday (8am - 7pm)

Icon

Tax Advice for Companies in Dubai

Starting June 2023, Dubai will have a new corporate tax imposed at a rate of 9%. The taxation system will remain attractive for business persons interested in performing the activities in the free zones of Dubai where there is no corporate tax under specific conditions. In the oil and bank sectors in the Emirates, the corporate tax is set at a maximum rate of 55%. For a better understanding of the taxation system in Dubai, you may address your concerns to our lawyers in Dubai who can also help entrepreneurs set up their companies in compliance in the legislation in the UAE.

Tax Advice for Companies in Dubai

Our tax agents in Dubai are at your disposal with in-depth information about the necessary financial services for your business in Dubai and with tax consulting in Dubai, linked to your operations. It is good to know that registered companies in the UAE are considered residents if the following elements are proved:

As part of the seven emirates of the UAE, Dubai hasn’t imposed any income tax legislation for resident companies, no matter if they are small or big businesses. However, regardless of the line of activity or the company size, businesses must keep their accounts updated and structured by professional accountants for permanent accurate reports on their profitability and steadiness, as well as for proper preparation when they need financing.

  • It is good to know that registered companies in the UAE are considered residents All the shares are owned by residents of the UAE
  • The entire or the majority of the company’s income comes from a trade or a business other than an investment company in the UAE
  • The total or most of the value of the company’s property is attributable to the property utilized in that particular trade or business.
Awesome Image

10%

Discount

Different Types of Tax Advice for Companies in Dubai

  • Excise Tax

Excise tax is a form of indirect tax levied on specific goods which are typically harmful to human health or the environment. The following Products are to be registered as excise goods: -

Carbonated drinks include any aerated beverage except for unflavoured aerated water Energy drinks include any beverages which are marketed, or sold as an energy drink, and containing stimulant substances that provide mental and physical stimulation. Tobacco and tobacco products Electronic smoking devices and tools Liquids used in such devices and tools Sweetened drinks.

Tobacco and tobacco products Electronic smoking devices and tools Liquids used in such devices and tools Sweetened drinks.

  • Awesome Image
  • Awesome Image
  • Awesome Image

  • Awesome Image
  • Awesome Image
  • Awesome Image

Tax consultants are people who help businesses or individuals to know and deal with the taxation structure of a nation. Tax consultancy services in UAE include tax preparation, tax analysis, submission of tax returns and tax payments.

Different Types of Tax Advice for Companies in Dubai

  • Excise Tax Excise tax is a form of indirect tax levied on specific goods which are typically harmful to human health or the environment. The following Products are to be registered as excise goods:Carbonated drinks include any aerated beverage except for unflavoured aerated water Energy drinks include any beverages which are marketed, or sold as an energy drink, and containing stimulant substances that provide mental and physical stimulation.

    Tobacco and tobacco products

    Electronic smoking devices and tools

    Liquids used in such devices and tools

    Sweetened drinks.

  • Value Added Tax Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale. Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale, that are mentioned below: -.

    Exempt supplies: - The supply of some financial services that explained in VAT legislation Residential properties Bare land Local passenger transport

    Taxable supplies: - Commercial property, Retail purchase, Car sales and rentals, Hotels and restaurants, Repairs and maintenance services

  • Zero-rated: - Education, Healthcare, Medicine and Equipment, Investment in Gold, Silver, and Platinum, Exports and International Transports, Crude Oil and Natural Gases, First Sale of Residentials.
  • Tourist Taxes Restaurants, hotels, hotel apartments, resorts, etc. in the UAE may charge one or more of the following taxes: 10 percent tax on the room rate, 10 percent service charge, 10 percent municipality fees, 6 to 10 percent City tax , 6 percent tourism fee

In Dubai, hotels charge 'Tourism Dirham Feel’ per room per night of occupancy (for a maximum of 30 consecutive nights) ranging from AED 7 to 20 depending on the category/grade of the hotel. In May 2016, it was announced that hotels in Abu Dhabi would charge a new additional fee of 4 percent of hotel stay bill and AED 15 charges per night per room. In Ras Al Khaimah, hotels charge AED 15 tourism fee per room per night.

Importance of Tax Advice for Companies in Dubai

Tax payment is compulsory for any business in the UAE, as this revenue is used for the development of the country. Tax accounting ensures that companies and individuals comply with tax laws by filing their tax returns. A single fault in the accounting process may lead to a heavy business loss. So, individuals or companies must be extra vigilant while preparing a Tax Account.

  • It is the responsibility of everyone to pay regular taxes.
  • One should learn the tax rules and regulations for the business and update to avoid facing legal consequences.
  • Ensure that you register for your taxes at the right time to avoid paying late fees and penalties.
  • Prepare documents related to your taxes and monitor them all the time.
  • Estimate the tax payments beforehand and prepare a budget for it to avoid falling short when filing time comes.
  • You must know proper computation to compute accurately and stop paying more than you should.

Benefits of Tax Advice for Companies in Dubai

.

  • Tax advisors plan and provide essential information for your business

  • They look into every aspect of the business while dealing with tax returns. 

  • Tax advisors help to save time in preparing the tax returns

  • They can help you with up-to-date information regarding any changes in the taxation policy

  • Tax consultants can help you in filing Income Tax Returns and Audited Financial Statements.

  • They can help you renew your business permits and licenses for you and perform audits.

  • They can help the owners keep financial statements organized and release them from stress and headaches in case of ignorance.

  • They can help you file your financial records on time.

  • They can help all your receipts kept organized, filed and recorded.

  • They can provide better advice on proper computation for tax payments. 

  • They can give you advice on effective tax management and ways to lower tax payments. 

  • They build strategies to avoid future penalties and interest on your tax returns.

  • They can provide you with peace of mind when you need to show records for compliance with accounting and government reporting requirements.

  Tax Advice for Companies in Dubai

  • Advice on Tax Accounting

  • Preparation of balance sheets on the basis of tax 

  • Preparation of tax validation projects

  • Updating accounting laws for any changes and applying the same

  • Deals with tax risk

  • Filing of Tax Returns

Why branches for your Tax Consultancy Services in Dubai?

Why branches for your Tax Advice for Companies in Dubai?

Branches has been providing expert tax consultancy services in UAE to the business world for the last so many years fulfilling the needs of its clients with complete satisfaction. We can assist you to deal with the tax structure of your business in a better way. Our experts sort out the tax issues and prepare tailor-made solutions apt to the business entity based on its nature and the needs of the owner.

Our Accountants can give you advice on effective tax management and find ways to lower your tax payments. They can help you in filing Tax Returns and Audited Financial Statements. They can also renew your business permits and licenses for you and perform audits. branches Accounting & Bookkeeping Services LLC also professionally handle CFO Services, Auditing Services, Accounting & Bookkeeping Services, Accounting Software services,

Due Diligence Services, and Tax Filing & VAT Consultancy services in Dubai on time according to the convenience of our good clients. We give priority to the maximum satisfaction of our clients. Our customer-centric approach is well appreciated, and we promise one of the best services to your business.

Prominent business entities in UAE

The prominent business entities in the UAE are as follows.

Limited Liability Company (LLC)

Branch & Representative Office

Joint Stock Company (Private/Public)

A foreign investor is entitled to own up to 49% of the company shares when the company is incorporated in the UAE mainland. Whereas, if the company is incorporated in any one of the Free zone jurisdictions, foreign investors are entitled to own 100% of the shares.

Corporate tax in Free Trade Zone

The UAE aims to adhere to its promise to enterprises registered in Free Trade Zones that do not do business with the mainland by taxing them at a zero per cent corporate tax rate in the UAE (or exempting them entirely) until the conclusion of the vacation period. Each free zone is required to submit an annual CT return.

Businesses having operations on both the Mainland UAE and the Free Trade Zones and those operating under the dual licensing system should evaluate the implications for their operating strategy.

UAE ESR

UAE ESR

Economic Substance Regulations (ESR) effective from 1 January 2019. Under ESR provisions, UAE entities (both Mainland , FreeZone and branches of foreign companies ) carrying out certain specified activities, like distribution, services to foreign affiliates,

ESR

earning interest income, Holding companies, Leasing activities, are required to maintain economic substance in respect of each relevant activity in the UAE. The entity has to comply with annual filing of ESR, and non-compliance may results in penalties from AED 20,000 to AED 70,000 per annum. Contact us today for ESR compliance of your entities.

Awesome Image

Importance of Tax Advice for Companies in Dubai

Tax Advice for Companies in Dubai

Our skilled professionals will assess both your personal and business tax requirements. Then we’ll create a financial strategic plan that’s tailored to your company’s needs. Our personnel have the skills and knowledge they need to comprehend the taxation system. Furthermore, we provide services for our customers using sophisticated tools, and methodologies.

  • Assist you with tax returns and audited financial statements
  • Detailed instructions on how to properly calculate tax payments
  • Design strategies for avoiding fines and interest on your tax returns in the future
  • Assist you renew your company’s rights and permits as well as performing audits
  • Provides latest information on any updated tax policy matters
  • Assists in the creation of tax-adjusted balance sheets and the handling of tax concerns
Tax Consultancy Services in the United Arab Emirates at a Reasonable Rate!

Tax Consultancy Services in the UAE

Get one-stop guidance with expert tax consultancy services in the UAE, which are as follows:

Go To Top