Tax Consultancy

h m a auditing of accounts

CORPORATE TAX

Corporate tax (CT) is a form of direct tax levied on the net income or profit of corporations and other entities from their business. Corporate Tax is sometimes also referred to as “Corporate Income Tax (CIT)” or “Business Profits Tax” in other jurisdictions.

Applicable Rate of Corporate Tax in UAE​

One of the most inexpensive company tax rates in the Middle East is found in the United Arab Emirates. Utilizing corporate tax advisory services in Dubai will assist business owners in understanding the corporate tax rate that applies to their particular business model. The annual taxable income of firms will be subject to the following treatment by the UAE: 0%, for taxable income not exceeding AED 375,000 9%, for taxable income exceeding AED 375,000

Our tax experts provide you consultation & training about new corporate tax law and assist you during the registration also.

VAT/Excise Tax Registration Assistance

Anyone registering with the FTA for VAT & Excise has to follow the laid down procedures in respect to Federal Law Number 7 and 8 of 2017. Any discrepancy can result in penalty up to AED 20,000. We will assist you during the registration process to ensure your application is complete all respects.

VAT/Excise Tax Return Filing​

After completing the registration for VAT, you are required to file your VAT Return and make related VAT payment within 28 days from the end to your tax period. Once you have registered for Excise Tax , you required to file your Excise Tax Return by the 15th day following the end of each tax period.

VAT/Excise Tax Reconsideration

A business entity can apply with FTA to reconsider its decision within 20 business days from notification. The applicant must provide reasons for applying a reconsideration, including an analysis of the alternative treatment which the applicant consider that should have been applied to its case. The FTA reviews the request for reconsideration and issues its decision within 20 business days. The decision is conveyed to the applicant within 5 business days. Importantly, the FTA requires the application to be filled in Arabic only.

VAT/Excise Tax Training & Advisory​

Our tax experts also provide short training sessions to cover the various dimensions of VAT & Excise Tax in a lucid way. The concept of VAT & Excise , regulation & administration, compliance mechanism are covered in a comprehensive manner. These training sessions are meant to familiarize your employees with the practical working of VAT & Excise Tax. Our Advisory services include designing an accounting system to incorporate VAT computation, group VAT, minimizing VAT & Excise Tax related errors, understanding types of penalty for non-compliance, tax on international transactions and tax treatment according to your business activities.

VAT/Excise Tax De-registration​

A business is required to deregister with FTA within the given timeframe if it ceases making Taxable Supplies. If the value of the Taxable Supplies made over a period of twelve consecutive months is less than the Voluntary Registration Threshold i.e. AED 187,500/ and they do not anticipate that they will cross the Voluntary registration threshold during the coming 30 days.

Tax Residence Certificate

UAE has signed agreement with 55 countries to avoid double taxation. A Tax Residency Certificate is one of the official documents issued by the Ministry of Finance. It confirms the tax residence of the company or individual person in a given country. The certificate is issued for those companies who have already registered in the UAE or individual person who has the residency visa.

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Location

Office 1106, Burlington Tower, Business Bay

Our hours

09:00 AM – 06:00 PM
Monday – Saturday

Contact us

Phone: (+971) 4 583 7001
Email: dubai.office@hmaa.ae