corporate tax services in dubai
Navigate the UAE's new Corporate Tax (CT) landscape with Synergy360, your trusted partner for seamless tax compliance. As the UAE transforms into a global business and financial hub, expert guidance is essential for success.
Mastering Tax Management
Success in the dynamic UAE business climate depends on a thorough understanding of and effective control over tax responsibilities.
Companies have to negotiate a rugged terrain to guarantee they follow all rules and maximize their financial plans, particularly considering the VAT and Corporate Tax introduction along with different compliance criteria.
A thorough approach to tax management is essential to minimize liabilities and avoid penalties. This strategy should encompass VAT registration, corporate tax filing, tax planning, compliance audits, and advisory services.
The New Era of UAE Corporate Tax
Effective Date
The new Corporate Tax is effective for financial years starting on or after June 1, 2023, marking a significant shift in the UAE’s fiscal policy.
Standard Rate
A standard tax rate of 9% applies to taxable income exceeding AED 375,000, aligning the UAE with international tax standards.
Broad Scope
This tax applies to all businesses and individuals conducting business activities, with specific exemptions for qualifying Free Zone Persons and government entities.
Governing Law
This tax applies to all businesses and individuals conducting business activities, with specific exemptions for qualifying Free Zone Persons and government entities.
Why Expert Corporate Tax Compliance is Crucial
Avoid Penalties
Late registration can incur hefty fines up to AED 10,000. Expert compliance ensures timely submissions, safeguarding your business from avoidable financial penalties and legal complications.
Maintain Reputation
Adhering to tax regulations builds trust with authorities, investors, and stakeholders, enhancing your business's credibility and public image in the competitive UAE market.
Operational Efficiency
Outsourcing tax complexities allows your team to focus on core business activities, reducing administrative burden and optimizing internal resources for greater productivity.
Strategic Advantage
Proactive tax planning identifies legal efficiencies and potential savings, transforming compliance from a mere obligation into a strategic tool for financial growth.
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Corporate Tax (CT)
We offer expert guidance on UAE Corporate Tax compliance, helping businesses navigate the complexities of the tax regime. Our services include strategic planning to minimize tax liabilities, preparation and Corporate tax filing, Tax returns, and ensuring adherence to all regulatory requirements.
Value Added Tax (VAT)
Our VAT Consultancy Services cover VAT registration Services in the UAE, deregistration Services, and advisory support to ensure your business remains compliant. We provide accurate VAT return preparation and filing, conduct VAT health checks, and perform compliance reviews to identify and address potential risks.
Excise Tax
We assist businesses in complying with UAE Excise Tax regulations, including registration, reporting, and strategic advice to manage liabilities. Our team ensures that your business meets all Excise Tax obligations efficiently and effectively.
Zakat
For businesses subject to Zakat, we offer computation and advisory services to ensure compliance with Zakat regulations. Our experts provide strategic planning to optimize Zakat payments while adhering to legal requirements.
Transfer Pricing (TP)
We specialize in Transfer Pricing documentation, compliance, and advisory services. Our team helps businesses develop robust TP policies, conduct benchmarking studies, and provides support during TP audits and disputes to ensure compliance with UAE regulations.
Accounting | Tax | Audit | ERP | Consulting
Beyond taxation, we offer integrated solutions for accounting, tax, Corporate tax filing and audit needs. Our ERP implementation and consulting services streamline business operations, while our tailored consulting services drive growth and improve financial performance.
Why Choose Us?
- We ensure that all records comply with the International Financial Reporting Standards (IFRS).
- We are registered and approved auditors in major free zones in Dubai, making it easy to conduct audits in the free zone.
- We have an experienced team of over 100 employees and possess more than 18 years of experience.
- Over a decade of quality service has made us one of the most preferred auditing and accounting firms in Dubai.
Comprehensive Corporate Tax Services
End-to-End Solutions
We provide a full spectrum of services, from initial taxability assessment and registration to complex dispute resolution, ensuring complete coverage.
Tailored Services
Our solutions are customized to meet the unique needs of businesses of all sizes and across various sectors, ensuring precise and effective support.
Proactive Approach
We adopt a forward-thinking strategy to minimize potential risks and maximize tax efficiencies, safeguarding your financial interests.
Holistic Support
Synergy360 offers comprehensive support covering all aspects of the Corporate Tax lifecycle, providing peace of mind through every stage.
Strategic Corporate Tax Advisory & Planning
Impact Analysis
We provide detailed tax implications for mergers and acquisitions, restructuring, and new venture formations, guiding strategic decisions.
Free Zone Optimization
Our experts help maximize tax benefits for qualifying activities within UAE Free Zones, ensuring full compliance and advantage.
International Tax
Navigate complex international tax regulations, including Double Tax Treaties and transfer pricing, to ensure global compliance.
Proactive Planning
We develop robust strategies to optimize your overall tax position, fostering long-term financial health and growth.
Industries We Serve
We streamline UBO compliance, ensuring corporate transparency and legal adherence. Our experts assist with regulatory declarations and required submissions to UAE authorities.
Frequently Asked Questions
About Corporate Tax Services in the UAE
Corporate Tax (CT) in the UAE is a federal tax imposed on the net profits of businesses, effective from 1 June 2023, at a standard rate of 9%. It applies to:
All businesses and commercial activities in the UAE, including mainland and free zone entities, except those specifically exempt.
Foreign entities with a permanent establishment in the UAE.
Natural persons conducting business activities with an annual turnover exceeding AED 1 million.
How Synergy360 Helps: We provide expert guidance to ascertain your business’s tax obligations and ensure compliance with UAE CT regulations.
Yes, certain entities and income types may be exempt from tax or qualify for incentives, such as:
Businesses in designated free zones, provided they meet qualifying conditions (0% CT rate on qualifying income).
Government entities, charities, and public benefit organisations (subject to approval).
Income from dividends, capital gains, and certain intra-group transactions under specified conditions.
How Synergy360 Helps: Our team assesses your eligibility for exemptions or incentives and optimises your tax structure to minimise liabilities.
Synergy360 provides comprehensive corporate tax services, including:
Tax Registration: Assisting with timely registration with the Federal Tax Authority (FTA).
Tax Filing and Reporting: Preparing and submitting accurate CT returns, ensuring compliance with deadlines.
Tax Planning: Developing strategies to optimise tax liabilities while adhering to UAE laws.
Audit Support: Representing your business during FTA audits and resolving disputes.
Training: Educating your team on CT obligations and updates.
Tax Registration: Businesses must register with the FTA within the prescribed timelines, typically within three months of becoming liable.
Tax Returns: CT returns must be filed within nine months from the end of the financial year.
Tax Payments: Any tax due must be settled within the same nine-month period.
How Synergy360 Helps: We manage all deadlines, ensuring your business avoids penalties for late submissions or payments.
Free Zone businesses may benefit from a 0% CT rate on “qualifying income” if they meet specific criteria, such as maintaining adequate substance in the UAE and complying with transfer pricing rules. Non-qualifying income is taxed at the standard rate of 9%.
How Synergy360 Helps: We assess your Free Zone operations, ensure compliance with qualifying conditions, and structure transactions to maximise tax benefits.
Transfer Pricing refers to the pricing of transactions between related parties or entities within the same group. UAE CT regulations require these transactions to be conducted at arm’s length to prevent profit shifting. Businesses must maintain proper documentation to justify their pricing.
How Synergy360 Helps: Our experts prepare comprehensive transfer pricing documentation and ensure compliance with UAE and international guidelines.
Businesses must maintain accurate financial records for a minimum of seven years, including:
Financial statements (balance sheet, income statement, etc.).
Records of all income, expenses, and transactions.
Transfer pricing documentation (if applicable).
Tax invoices and supporting documents.
How Synergy360 Helps: We assist in establishing efficient record-keeping systems and conduct periodic reviews to ensure audit readiness.
Non-compliance can lead to penalties, including:
Fines for late registration, filing, or payment.
Additional assessments and interest on unpaid taxes.
Reputational damage and increased scrutiny during audits.
How Synergy360 Helps: We implement proactive compliance strategies to minimise risks and manage any issues with the FTA on your behalf.
Our team of tax professionals continuously monitors updates from the Federal Tax Authority (FTA) and the Ministry of Finance. We engage in industry forums, attend regulatory workshops, and leverage our extensive network to remain ahead of legislative changes.
Why Choose Us: This ensures your business receives accurate, up-to-date advice tailored to the evolving UAE tax landscape.
Synergy360 stands out for the following reasons:
Expertise: Our team consists of qualified tax advisors with extensive knowledge of UAE CT laws.
Tailored Solutions: We customize strategies to fit your business size, industry, and objectives.
End-to-End Support: From registration to audits, we manage all aspects of CT compliance.
Client-Centric Approach: We emphasize transparency, communication, and long-term partnerships.
Get Started: Contact us today for a consultation to navigate UAE Corporate Tax with confidence.
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Our firm is built on the foundation of ethics, expertise, and a deep commitment to helping clients achieve their financial and business goals. Synergy360 is a premier bookkeeping, Corporate tax filing, tax consultancy and business advisory firm based in Dubai, UAE.
With a team of highly qualified professionals, Synergy360 is dedicated to providing tailored solutions in accounting, tax compliance, VAT Consultancy Services, VAT registration services in UAE, and financial advisory services.
+971 507647814
info@synergy360.ae
Dubai United Arab Emirates