Corporate Tax Services
Why do you need Corporate Tax Services in UAE?
In the UAE, businesses are required to comply with tax laws and regulations set by the government. Corporate tax will be levied at 0% for taxable income up to
AED 375,000 and 9% for taxable income over AED 375,000. Large multinational corporations that fulfill particular requirements related to 'Pillar Two' of the OECD Base Erosion and Profit Shifting initiative will be taxed at a different rate. Corporate tax services help companies to navigate this new complex tax system and ensure compliance with tax regulations.
Procedure of Corporate Tax Services in UAE
Our Corporate Tax Service assists you in successfully implementing Corporate Tax to your business in compliance with the tax regime, filing your tax returns and
providing complete tax support through the following steps. 1. Assessment of tax obligations: A tax consultant will review your business activities, financial records, and other relevant information to determine the taxes that your business is required to pay.
2. Tax planning: Based on the assessment, the tax consultant will advise on tax-saving strategies and opportunities to minimize your tax liability.
3. Preparation and filing of tax returns: The tax consultant will prepare corporate tax audited financial reports and file Corporate tax returns on behalf of your business, ensuring accuracy and compliance with tax regulations.
4. Payment of taxes: The tax consultant will ensure that your business pays its taxes on time and in the correct amount.
5. Representation in case of tax audits: In the event of a tax audit, the tax consultant will represent your business and provide support and guidance to ensure a smooth process.
6. Ongoing support and advice: The tax consultant will provide ongoing support and advice on tax-related matters to ensure that your business remains compliant with tax regulations.
2. Tax planning: Based on the assessment, the tax consultant will advise on tax-saving strategies and opportunities to minimize your tax liability.
3. Preparation and filing of tax returns: The tax consultant will prepare corporate tax audited financial reports and file Corporate tax returns on behalf of your business, ensuring accuracy and compliance with tax regulations.
4. Payment of taxes: The tax consultant will ensure that your business pays its taxes on time and in the correct amount.
5. Representation in case of tax audits: In the event of a tax audit, the tax consultant will represent your business and provide support and guidance to ensure a smooth process.
6. Ongoing support and advice: The tax consultant will provide ongoing support and advice on tax-related matters to ensure that your business remains compliant with tax regulations.
Corporate Tax Advisory in UAE
At Gnosis, we have a precise understanding of the fact that each business differs in its goals, strategies and various other aspects.
Hence, we customize the corporate tax solutions, per the client's requirements. Through Gnosis corporate tax advisory, our corporate tax consultants in UAE also assist our valuable clients on issues such as Corporate Tax Registration, Filing CT Returns, etc., and explain the updated regulations from the Federal Tax Authority to prevent the payment of CT fines and penalties.