Corporate tax in Dubai is new, and the regulations are more important than most individuals would think. We do not leave a single thing unnoticed during the registration process at Neyom Global.
June 1, 2023, is the date when the UAE introduced corporate tax. This is what it is really going to mean to your business—in plain, simple terms, without the legal lingo.
We have simplified the process into four simple steps. The entire process can be conducted online, start to finish, without having to pack books or piles of paperwork.
Select your own company in our system, or make a new one. We are pro-imports as well, and thus changing is not hard.
Provide your trade license and any other necessary authorization documents. You know our simple word for what is wanted.
Provide your trade license and any other necessary authorization documents. You know our simple word for what is wanted.
Verify all the details, make payment of the AED 350 service fee, and submit. We do the FTA submission on behalf of.
One clear fee. No surprises. We do your corporate tax registration in Dubai till the end.
This whole process occurs online. You do not have to go to any office or have to stand in long queues. In a matter of minutes, send your application, and we will do the rest.
Failure to meet a deadline with the FTA can result in punishment. We monitor all of your needs and ensure that your business remains in good health—hence, you do not need to worry about it.
You do not receive automated responses but real-life tax professionals who know corporate tax in Dubai. You need to know a thing, and we know it.
We are always asked the same questions. The following are candid answers to the most prevalent ones concerning UAE corporate tax. regulation needs certified translations. In the absence of certification, the document will not be accepted by many authorities.
The tax rate of the UAE is 0 percent on the taxable income of below AED 375,000 and 9 percent on income exceeding the limit. This is with regard to the net profit of a business, but not the total revenue of the business. In most cases, the rate that actually occurs to be in effect is quite low for most of the small and medium businesses. commence, and we advise you on this matter before we commence.
Free zone companies do fall under UAE corporate tax technically. They can, however, be charged 0 percent on the qualifying income as long as they meet certain conditions stipulated by the FTA. Any income other than that is taxed at 9 percent. This is one of the places where most businesses need clarity, and it is what we can assist in explaining for your particular case.
Winning over the enemy, the UAE corporate tax was enacted on 1 June 2023. The accounting period depends upon your own accounting period and, hence, the financial year in which your business is subjected to tax. Most of the businesses that have a calendar year (Jan to Dec), then the taxable period would have begun on 1 January 2024.
Yes. All businesses that fall within the scope of FTA registration are required to do so irrespective of the level of their income. Although your taxable income may be less than the threshold, and you may be paying no tax, you must be registered and file a return. Registration is not supposed to be skipped, and therefore, it is always better to do it earlier.
Your primary paperwork will consist of a valid UAE trade license and an authorization letter in case a third party is registering on your behalf. At least some other documents might be needed depending on your business structure. Neyom Global will inform you where we are going to precisely when we look into your case.
Let Neyom Global handle the registration while you focus on running your business. It is simple, fast, and fully online.
