Being one of the top Corporate Tax Services provider in the United Arab Emirates, AJ and Bros stands out for having knowledgeable advisors who help companies navigate the complexities of tax assessment, registration, and return filing procedures. With the recent implementation of corporation tax in the United Arab Emirates, the regulatory landscape in the nation has undergone a significant change, requiring businesses to make extensive preparations in order to comply with this new taxing regime.
Businesses in the United Arab Emirates are required to abide with tax laws and regulations established by the government. For taxable income up to AED 375,000, the corporate tax rate is 0%; for income over AED 375,000, the rate is 9%. Notably, tax rates may fluctuate for major multinational businesses that satisfy certain requirements pertaining to the OECD Base Erosion and Profit Shifting initiative's "Pillar Two." For businesses to successfully navigate this intricate tax system and guarantee rigorous compliance with changing tax requirements, using corporate tax services becomes essential. The benefits of using AJ and Bros' Corporate Tax Services in the United Arab Emirates include
Ensuring precision in tax calculations and timely filing.
Strategic tax planning to minimize tax liability effectively.
Adhering to stringent tax laws and regulations to avoid penalties.
Expert insights on various tax-related matters for informed decision-making.
AJ and Bros offers essential insights into the tax implications of various transactions, enabling firms to make well-informed decisions. Acknowledged as FTA Approved corporation Tax Advisors in Dubai, AJ and Bros offers thorough tax assessment and consultation services to help businesses become ready for corporation tax. Businesses in the United Arab Emirates are preparing, strengthening their plans, and making sure that they comply with the upcoming tax requirements as the implementation of the UAE Corporate Tax draws near, which is in June of this year. Notably, companies must produce and submit to the Federal Tax Authority (FTA) a single UAE corporate tax return for each tax period, along with any supporting schedules.
Our Corporate Tax Service helps you smoothly apply Corporate Tax to your business while following tax laws, submitting tax returns, and offering full tax assistance through these steps.
To determine the taxes your firm needs to pay, a tax consultant will review your financial statements, business operations, and other pertinent information.
Using the assessment, the tax consultant will suggest tax-saving strategies and chances to reduce your tax obligations.
To ensure accuracy and compliance with tax rules, the tax expert will prepare corporate tax audited financial reports and file corporate tax returns for your company.
If your business faces a tax audit, the tax consultant will stand for your business, providing assistance and guidance for a smooth process.
Ongoing assistance and guidance on tax-related issues to keep your company in conformity with tax regulations.
License Issued in January or February (Any Year): Register by May 31, 2024 (Important! This applies to you if you haven’t registered yet.) License Issued After March 1, 2024: You will have 30 days from the date your license is issued to register for Corporate Tax. Businesses with multiple licenses: Need to consider the earliest issued license to determine their registration deadline.
There are several reasons why registering for Corporate Tax on time is crucial:
The Ministry of Finance has made public a few exceptions for particular groups. If your business or institutional endeavor meets one of those exemptions, you won't have to file a tax return or pay taxes.. The exempt organizations are: