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UAE Corporate Tax | UAE ESR | Register / Deregistration | Corporate Tax Compliance | Contact Us |
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Tax Consultants in Dubai, UAE.

As tax consultants in UAE, we provide services for the proposed UAE Corporate Tax in Dubai (to be levied from June 1, 2023), on all UAE businesses (companies, individual or other form of entities), certain foreign companies having Permanent Establishment/ UAE sourced income, amongst other. As a tax consultant in Dubai, we help you with the following based on draft UAE Corporate Tax law :  –

Pre- Implementation of Law

  • UAE Corporate Tax Audit– Implications on your business of the proposed law
  • Advise on potential areas of Tax Disputes

Post implementation of Law

  • Filing of UAE Corporate Tax Return
  • Ascertaining Corporate Tax
  • Refund of Corporate Tax

For detailed services, refer our Service Section below

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    OUR CLIENTS

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    SERVICES

    UAE Corporate Taxation and compliance services

    circle 1 UAE Corporate Tax

    Currently, there is no Federal CT regime in the UAE, except , Corporate Tax (CT)   on oil and gas companies and branches of foreign banks at an Emirate level. UAE Corporate Tax is proposed to be levied from June 1, 2023, at the rate of 9% on net profit after certain adjustments on income above AED 375,000 . The tax is applicable to business and commercial activities in the UAE, carried out by an person, domestic or foreign. However,   other income of individuals like rent, interest, dividend and employment are exempt from tax . UAE Corporate Tax has been introduced to meet global minimum effective tax rate concept proposed by Pillar II of the OECD BEPS

    circle 2 UAE ESR

    The UAE has introduced Economic Substance Regulations (ESR) effective from 1 January 2019.  Under ESR provisions,   UAE entities (both Mainland , FreeZone and branches of foreign companies )  carrying out certain specified activities, like distribution, services to foreign affiliates, earning interest income, Holding companies, Leasing activities, are  required to maintain economic substance  in respect of each relevant activity in the UAE. The entity has to comply with annual filing of ESR, and non-compliance may results in penalties from AED 20,000 to AED 70,000 per annum.  Contact us today for ESR compliance of your entities.

    circle 3 Register / Deregistration

    Every business subject to Corporate Income Tax in UAE has to register with the FTA within the prescribed period. Further,  business which cease to exist  have to make an application for deregistration. Once the law is introduced, our team can assist you with registration and de-registration under the UAE Corporate Tax law.

    circle 4 Corporate Tax Compliance

    As a UAE CT advisor, we can assist you in UAE Corporate Tax compliance  such as:

    • Implications of proposed corporate tax law through a UAE Corporate Tax Audit
    • Filing of UAE Corporate Tax Return– Post implementation of law
    • Potential of Tax Disputeson position taken by company
    • Tax payment of Corporate Tax
    • Refund of Corporate Tax

    Why choose Sorting Tax for UAE Corporate Tax Services?

    Sorting Tax’s team works closely with you to understand the fact pattern and provide customized solutions on Dubai Corporate Income Tax to cater to your specific needs. Our UAE CT consultant plans work to meet deadlines and minimise any penalties on you for non compliance with statutory requirements . We take care of your taxes, while you focus and grow your business.

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    Deductions under Income Tax available for FY 2022-23

    Deductions under Income Tax available for FY 2022-23: With a

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    Tax Returns and Clarifications under UAE Corporate Tax law

    Introduction - Chapter 17 Tax Returns and Clarifications under UAE

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    Transfer of Tax Loss under UAE Corporate Tax Law

    Introduction - Chapter 11- Transfer of Tax Loss under UAE

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    General Definitions under UAE Corporate Tax Law

    Chapter 1: General Definitions under the UAE Corporate Tax Law

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    Imposition of Corporate Tax and Applicable Rates under UAE Corporate Tax

    Introduction - Chapter 2 - Imposition of Corporate Tax and

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    Taxable Person and Corporate Tax Base under UAE’s Corporate Tax Law

    Introduction - Chapter 4 Taxable Person and Corporate Tax Base

    FAQs

    Who is responsible for the administration, collection and enforcement of UAE CT?

    The Federal Tax Authority will be responsible for the administration, collection and enforcement of UAE CT.

    Is it mandatory to register under UAE CT ?

    Every business subject to Corporate Tax in Dubai have to mandatorily register with the FTA within the prescribed period.

    How is the Dubai Corporate income tax rate applicable on various income earned by resident of the UAE and non-resident in the UAE?

    Corporate Income Tax Dubai is proposed to be levied from June 1, 2023, on the profits and gains of business carried out in Dubai by the non-resident as well as the resident of Dubai.

    What is the rate at which income is chargeable to tax in Dubai?

    The Corporate Tax in Dubai (UAE) will be levied at the rate of 9% on the net profit or loss after certain adjustments and deductions , on income above AED 375,000.

    How much is Dubai capital gains tax ?

    Dubai capital gains is chargeable to tax at the rate of 0%. This is both for the resident shareholders of UAE , as well as NR shareholders and foreign companies , who invest into capital assets in the UAE, in respect of the following capital assets  :

    • Shares of UAE company;
    • Property in the UAE

    What is the UAE Corporate Tax for UAE Free Zone companies ?

    Free Zone companies in UAE would be exempt  from UAE corporate tax on their taxable profits, if they meet the condition  specified by their respective Free Zones and do not do carry out   business with mainland entities.

    Who is responsible for the administration, collection and enforcement of UAE CT?

    The Federal Tax Authority will be responsible for the administration, collection and enforcement of UAE CT.

    Who are covered under UAE Economic Substance Regulations (UAE ESR)?

    Only Licensees and Exempt Licensees that undertake a Relevant Activity (irrespective of whether the Licensee or exempt Licensee has earned income from the Relevant Activity during the financial period) with a financial year commencing on or after 1 January 2019 and ending on or before 31 December XXXX are required to submit an ES Notification by not later than six months after the last day of the end of each FY.

    What do you mean by Relevant Activities under ES Regulations (UAE)?

    The Regulations of filing of ES Notification or Report apply to Licensees that carry out any one or more of the following Relevant Activities.

    • Banking Businesses
    • Insurance Businesses
    • Investment Fund Management Businesses
    • Lease-Finance Businesses
    • Headquarter Businesses
    • Shipping Businesses
    • Holding Company Businesses
    • Intellectual Property Businesses
    • Distribution and Service center Businesses

    What is the Due date for filing Economic Substance Regulations in the UAE?

    If an entity is  carrying out any of the relevant activity specified under ESR regulations, it is required to undertake the following compliances  :

    • File ES Notification within six (6) months from the end of the relevant Financial Year; and
    • File the ES Report within One (1) year from the end of the relevant Financial Year.

    What our customers say about UAE Corporate Tax Services ?

    We have satisfied customers who continue to patron us for new business. We are regularly providing impact analysis of UAE Corporate tax to our clients.

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