Corporate TAX and Accounting in UAE
In the United Arab Emirates (UAE), corporate taxation and accounting practices differ between mainland and free zone entities. Understanding these distinctions is crucial for compliance and effective financial management.
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Corporate Tax Registration and Compliance
Registration
All taxable entities, including those in free zones, must register for corporate tax with the FTA.
Filing Requirements
Registered businesses are required to file annual corporate tax returns and settle any tax liabilities within nine months following the end of the relevant tax period.
Record-Keeping
Entities must maintain comprehensive financial records for at least seven years to comply with regulatory requirements.
Taxation Services for Corporate Tax
- Registration: Assist businesses in registering for corporate tax compliance, ensuring timely submissions and adherence to regulatory requirements.
- Deregistration: Manage the process of tax deregistration for businesses ceasing operations or no longer meeting tax obligations.
- Return Filing: Prepare and submit accurate corporate tax returns, minimizing errors and ensuring timely compliance.
- Amendments: Handle modifications to tax records, correcting errors or updating business information as needed.
- Financial Report Preparation and Review: Generate and assess financial reports to maintain transparency, accuracy, and compliance with tax regulations.
Taxation Services for VAT
We offer end-to-end VAT services, including registration, deregistration, return filing, and refund submissions. Our expertise ensures compliance through voluntary disclosures, amendments, and reconsideration applications. With a focus on accuracy and efficiency, we help businesses manage VAT obligations while optimizing financial processes and maintaining regulatory adherence.
- Registration: Ensure VAT compliance by registering businesses under tax regulations.
- Deregistration: Process VAT deregistration for eligible businesses.
- Return Filing: Prepare and submit VAT returns accurately.
- Refund Submission: Assist in claiming VAT refunds efficiently.
- Voluntary Disclosure Submission: Correct errors in previously filed VAT returns. Amendments: Update VAT records as needed.
- Waiver & Reconsideration: Submit applications for penalty waivers or reconsiderations.
