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Get Expert Insight On Tax Planning With Us

Strategic tax planning is more about compliance, where you optimize your financial position in a way that best benefits your business. With our expert's deep knowledge, unlock new opportunities, reduce risk, and make smarter, tax-efficient decisions in the UAE.

Why Corporate Tax Assessment Matters In Dubai

When the Ministry of Finance rolled out the Corporate Tax regime, which was to be in full force from June 2023, businesses, both Mainland and offshore companies, faced new challenges in adhering to it. That's where a Corporate Tax Impact Assessment structure became vital, which is a detailed plan on how specific changes can impact your firm's financial health, compliance, and tax scheme.

Considering these, our tax consultants at YCA navigate this complex scenario to guide you in optimising your tax status before it is too late. 

What Is Corporate Tax Assessment?

Corporate tax assessment is the base of innovative tax planning, which  involves a few steps, like:

  • Calculating your taxable income
  • Identifying whether you come under the UAE Corporate tax rates (9% standard rate, 0% for profits up to AED 375k)
  • Checking out deductions, exemptions, and incentives
  • Reviewing compliance and documentation necessities

Based on these assessments, you can identify tax-related risks and opportunities and restructure your business operations and stay ahead of any penalties or evolving regulations. 

How We Approach Corporate Tax Assessment - Our 3 Pillars

Our tax experts follow a comprehensive approach that involves the following steps:

1. Impact Assessment

Analysing how corporate laws and regulations can impact your business's cash flow and operational efficiency.

2. Document Assessment

We help maintain accurate financial records and ensure you meet FTA documentation requirements to avoid penalties.

3. Tax Compliance Assessment

Ensuring your tax returns are accurate, timely, and fully compliant with UAE corporate tax laws, thereby minimising audit risks and fines. 

Our Corporate Tax Assessment - What We Cover

We offer tailored solutions for assessing taxes, which may address:

Tax compliance status - Checks whether you meet all filings and payments accurately

Tax planning strategies- Identifies credits, transactions, and any exemptions you did

Transfer pricing policies - Assessing all the inter-company transactions that happened as a step toward regulatory compliance

Business structure review - Suggesting new organisational setups to minimise tax burden

Tax incentives and exemptions - Checking whether your business is eligible for free zone benefits and other government incentives

International tax considerations - Ensuring your business stays compliant with global tax standards.

 

Document Assessment - How Recordkeeping Makes You Audit-Ready

The UAE Federal Tax Authority also mandates that businesses organise their financial documents, invoices, contracts, and other supporting documents in a secure folder, which may be helpful when filing corporate taxes, thereby protecting businesses from unwanted penalties or fines.

 

Now Compliance Made Simple Through Self-Assessment

The UAE's new tax regime advises businesses to self-assess their tax liability through the FTA's tax clarification portal, as uncertainties can arise at any time. Through the portal, a company can request official guidance on complex tax-related matters.

These can eat your pocket! Partner with YCA to navigate all these steps without incurring a hefty cost and effortlessly, ensuring that your tax filings remain rock-solid and compliant.

 Why Choose Us For Corporate Tax Assessment?

Our Dubai-based tax consultants offer some premium perks that none in the vicinity can give you, to name a few:

  • Excellent knowledge of UAE corporate tax laws
  • Customised assessment solutions based on specific business and sector
  • Crystal-clear suggestions to boost tax benefits
  • Helps group Mainland, Free Zone, and Offshore entities based on tax eligibility
  • Complete end-to-end assistance with registrations, filings, and compliance.

Ready To Stay Compliant With UAE CT Law?

Ensure your business meets all the major requirements imposed by the FTA well before the deadline with our assistance.

Get Tax Assessment

Queries You Might Have In Mind?

1. Who is eligible for corporate tax in the UAE?

Corporate tax applies to most UAE-based companies, legal persons, foreign entities with a permanent establishment, free zone entities, and individuals who carry out operations under a commercial license.

2. What is the corporate tax rate?

It is 0% if your taxable income is up to AED 375,000 and 9% if your taxable income is above AED 375,000. Likewise, rates may vary if your company is a multinational enterprise registered under Pillar Two of the OECD BEPS project.

3. Which income is exempt from corporate tax?

Dividends received from foreign entities and companies in the UAE, capital gains from the sale of shares, and income from an international permanent establishment are all exempt from corporate tax.

4. What is the major compliance requirement for CT?

You must first register for CT (Corporate Tax) with the FTA portal, then file returns annually, and finally maintain and document your accounting record for 7 years.

5. What is the filing deadline for CT?

The deadline to file corporate tax is within 9 months of the end of the financial year.

6. When will I be subject to penalties from the FTA?

The FTA (Federal Tax Authority) will impose administrative penalties for late registration, late filing, failure to keep up records, and providing incomplete information.