Tax Consultation & Filing – UAE Compliance
1. Legal Framework
Under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law), the UAE imposes a 9% corporate tax on taxable income exceeding AED 375,000, while income below this threshold is taxed at 0% for qualifying businesses.
In addition, all tax-resident entities must comply with FTA reporting requirements, maintain accurate accounting records, and submit returns within prescribed deadlines.
2. Tax Consultation Services
Our consultation covers:
Corporate Tax Advisory – Assessing your business structure, identifying taxable income, and optimizing tax positions.
Tax Planning – Structuring transactions and operations to maximize legal tax benefits.
Compliance Review – Ensuring business activities meet FTA regulations and avoid penalties.
Cross-Border Tax Advice – Guidance on international transactions under UAE double taxation agreements.
3. Tax Filing Obligations
Businesses must register for corporate tax with the FTA (even if no tax is due).
Annual corporate tax returns must be submitted within 9 months from the end of the relevant financial year.
Filing is done via the FTA online portal, including audited financial statements for certain entities.
Payment of any due tax must be made by the filing deadline.
4. Record-Keeping for Tax
Businesses are required to keep:
Financial statements and supporting documents.
Contracts, invoices, and payment records.
Bank statements and payroll records.
Retention period: 5 years from the end of the tax period (up to 7 years in certain cases).
5. Penalties for Non-Compliance
Failure to register for corporate tax: AED 10,000.
Late filing of tax return: AED 500 per month (first 12 months), AED 1,000 per month thereafter.
Late payment of tax: 2% immediately, 4% after one month, plus 1% daily thereafter (up to 300%).
Failure to maintain proper records: AED 10,000 (first offense), AED 20,000 (repeat offense).
Providing incorrect tax return: 200% of the tax understated (in serious cases).
6. Service Value and Client Impact
By managing your tax consultation and filing, we provide:
Compliance Guarantee – Meet all FTA tax law obligations.
Penalty Prevention – Accurate, timely submissions to avoid fines.
Optimized Tax Position – Strategic planning to reduce liabilities within legal frameworks.
Expert Guidance – Informed advice on both local and international tax matters.
Stress-Free Process – We handle all the details so you can focus on running your business.