How to Compute Corporate Tax Services in UAE?

1. Home AboutUs  OurServices Industry Insights ContactUs Blog BookAppointment Business Setup & PRO Services VAT & Audit & Assurance Business Consulting CFO & Accounting Investment & Corporate Finance IT Advisory & Product Compliance & AML Services Corporate Tax Dhiraj Dhiraj Head Finance & Audit functions and oversight over Governance, Compliance, Investment, Treasury, Risk, Admin & HR, Procurement.    Categories CORPORATETAXSERVICES BUSINESS (5) BUSINESS AUGUST 8, 2024 (6) CONSULTING HowtoComputeCorporateTaxServicesinUAE? (1) CORPORATE GOVERNANCE Corporate tax services in UAE are usually framed to optimize your tax strategy and improving the economic (4) CORPORATE TAX SERVICES e?ciency of the businesses. (2) FINANCE (1) RegistrationforUAECorporateTax MARKETING RecentPosts As per the Federal Tax Authority, every taxable person including those under the Free Zone Persons category needs to register for Corporate tax, it may be subject to the authority’s discretion. Once you have done Corporate tax registration in UAE , you will receive a corporate tax registration number by which you can continue to ?le for HowtoCompute CorporateTaxServices inUAE? Corporate tax. FilingforCorporateTax AUGUST 8, 2024 TipstoFindThe BusinessSetup ConsultantsinUAE After the registration , companies must prepared themselves for corporate tax ?ling within the nine months after the end of their relevant tax period. If the tax period of a company started on 1 January 2024 , then last day for ?ling Corporate tax return is 30 September 2025. For the companies whose tax period started on 1 June 2023, then the JULY 13, 2024 Corporate tax could be ?le till 28 February 2025.The Corporate tax returns can be ?led on the website of Federal Tax Howcanatax consultantinDubaihelp withexcisetax? Authority , where by the owned amount can be calculated correctly and hence paid timely. A perfect Corporate Tax planning in Dubai is required for this regime and the First Check Consultants can help you  JUNE 13, 2024 not only at the time of Corporate tax registration in UAE but also in preparing ?nancial statements to support your determined taxable income and submitting your annual Corporate tax returns accurately and timely. Tags HowtocomputeCorporateTaxServices inUAE ? ACCOUNTINGFIRMSINABUDHABI BUSINESS In UAE , Corporate tax is calculated at 9% of the taxable income exceeding AED 375,000 within a ?nancial year along BUSINESSSETUPCONSULTANTINDUBAI with the adjustments of applicable expenditures and deductions. If your enterprise has earnings below this BUSINESSSETUPCONSULTANTSINUAE threshold, it will be subject to a 0 % Corporate Tax rate. BUSINESSSETUPINDUBAI With the step by step procedure you can approach to the calculations of UAE Corporate tax : CORPORATEFINANCEADVISORY SERVICESINUAE 1 – Collect all the ?nancial records or statements of your company as per the IFRS or similar standards.  CORPORATEFINANCESERVICESUAE

2. CORPORATEGOVERNANCE CONSULTANTSINUAE 2 – After the calculation of revenues and expenditure , calculate the company’s pro?t within the taxable period and mention it as net pro?t within your ?nancial statements. CORPORATETAXPLANNING 3 – Review your ?nancial statement and identify the non – deductible expenses and income exempted from CORPORATETAXPLANNINGINDUBAI corporate taxes if they might have been calculated while the computation of net pro?t. CORPORATETAXSERVICESINUAE 4 – In the next step, apply the relevant tax rate based on Dubai’s tiered system. ITADVISORYSERVICESUAE FormulaforcomputingCorporateTax MAINLANDBUSINESSSETUPUAE REGULATORYCOMPLIANCEUAE Corporate Tax = Net Pro?t obtained x Corporate tax rate as applicable TAXADVISORYSERVICESINDUBAI Example –  If your company’s net pro?t for the taxable period is AED 800,000. Then calculation of Corporate tax will TAXCONSULTANTINDUBAI be as : VATCONSULTANTSINDUBAI Since net pro?t of AED 800,000 exceeds the AED 375,000 threshold, then there will be no need of the adjustments for computing taxable income and hence the taxable income for Corporate tax purposes is AED 800,000. As the taxable income surpasses AED 800,000 and applicable tax rate is 9 %, then by using the above formula we will calculate the Corporate tax as, Corporate Tax = AED 800,000 x 9% Corporate Tax = AED 72,000 Since Corporate Tax regime is relatively new in UAE, so it is important for you that take the guidance or advice of experienced Tax consultants in Dubai who can help you to come out of this complex situation . TaxableentitiesofUAE Diverse entities and people are engaged in ?nancial activities of UAE as: Residentpeople A normal person engaging in commercial enterprise inside the UAE. Juridical entities incorporated , mounted ,or diagnosed within UAE or overseas entities managed in UAE. Non- Residentpeople People having permanent establishment in corporate tax services UAE, derive pro?t sourced within UAE or have a nexus inside the UAE. Branches of the non- resident people inside the UAE are dealt with as the same taxable man or woman for taxation functions. Conclusion The First Check is the team of tremendous Tax consultants in Dubai who analyzes and  understands the complexities of Corporate tax services in Dubai and ensures you compliance with all regulations and helps you in improving the economic ?tness  of your business. CORPORATETAXPLANNINGINDUBAI CORPORATETAXSERVICESINUAE TAXCONSULTANTINDUBAI RelatedPosts 

3. BUSINESS CONSULTING CORPORATETAXSERVICES TipstoFindTheBusiness SetupConsultantsinUAE Howcanataxconsultantin Dubaihelpwithexcisetax?   JULY 13, 2024 JUNE 13, 2024 ABOUTUS QUICKLINKS CORPORATEOFFICE CONNECTWITHUS Have Any Questions? Home We establish clear and thorough Sky Lobby, Burjuman 0502510288 organizational structures for Business Tower, Burjuman, Dubai, AboutUs decision making as well as risk UAE Industry Mail Us management. REGISTEREDOFFICE dhiraj@thefirst-check.com Insights    ContactUs O?ce Number 07, 18th Floor, One Blogs by Omniyant, Business Bay, Dubai 2024 © All rights reserved Website Promoted and Maintained by Acacious Technologies 