For UAE corporate tax purposes, taxpayers are advised to avail themselves of the services of top corporate tax consultants in Dubai to prepare for corporate tax registration and filing seamlessly.
UAE Tax(levy) Consultants assist companies to stay compliant with the Federal Tax Authority’s regulations, to which noncompliance accrues hefty fines.
Several reputable Tax Consultants in Dubai are committed to furnishing effective corporate tax advisory services, strategies, and solutions.
Also read: Corporate Tax Filing in UAE
Farahat & Co. is a UAE-based levy and auditing firm in Dubai. It is registered and accredited under distinct disciplines in the UAE, which include courts, prosecution chambers, free zones, major banks, arbitration centers, and tax consultants.
It provides a broad array of expert services to its clients in diverse industries, which include and are not limited to legal accounting, audit services, consulting, expert witness, dispute support, case management, fraud examining, forensic accounting expert witness, liquidation and company deregistration, business setup, payroll management and HR, trademark registration services, and employee relocation.
Contact Details:
📧 Email: consultant@farahatco.com
📧 Sales Enquiries Email: sales@farahatco.com
📱 WhatsApp/Call: +971 52 6922588
📞 Landline: +971 4 2500251
💬 WhatsApp Chat: https://wa.link/hq36da
CMS team of experts works across sectors and borders in more than 40 countries worldwide to deliver advice to business operations. The firm is committed to helping businesses mitigate risk and benefit from innovation, enabling organizations to thrive.
CMS also advises clients on domestic and cross-border tax issues in the United Arab Emirates.
The firm’s client base crosses a wide range of industries, and its audit staff can apply skills and specializations that benefit your business as a whole.
A leading professional services firm, Deloitte provides corporate taxation advice through its levy function in Dubai. Their taxation team is highly experienced and well-versed in the region’s applicable laws and delivers levy compliance, planning, and consulting services, along with accounting and budgeting support..
Crowe Horwath International is a top international player providing corporate levy solutions across the Middle East. It offers a wide range of corporate levy services, including Tax Planning and consulting, Corporate Accounting and budgeting Assistance, Corporate Tax Compliance and advisory, and more.
An eminent name in both consultancy and auditing services in the UAE, EY works closely with clients to provide comprehensive corporate taxation solutions. Services include corporate tax planning & consulting, corporate tax compliance & advisory services, as well as corporate accounting & budgeting assistance.
A world-renowned name in corporate taxation services, PwC has been providing tax(levy) solutions across the MENA region for many years. Their taxation team is highly experienced and offers a range of services, including tax compliance and advisory, accounting and budgeting support, and levy planning and consulting.
It is a leading professional services firm in the UAE. KPMG provides corporate taxation advice through its levy function in Dubai. Their levy team is experienced and well-versed in the region’s laws and offers tax compliance, tax planning and consulting, as well as accounting and budgeting support.
BDO’s approach to risk assurance provides a challenging mix of talent, experience, and determination to find the best solution for you and your firm. BDO is an international network of public accounting, levy, and advisory firms that perform professional services under the name of BDO.
As one of the world’s leading audit and accounting networks, BDO audits many well-known and respected companies, including companies regulated by the DFSA and ADAA.
Whether the audit is a legislative requirement or commissioned for a special purpose, the firm is committed to a high level of service and expertise
Grant Thornton’s diversified team of experts combines a perfect blend of international experience across several industry sectors, technical expertise, and commercial nuances with a commitment to delivering exceptional value to the business.
The firm supports multinational groups to optimize their levy structures. It assists businesses in analyzing existing group transactions and inter-group supplies, as well as advising on potential implications of various taxes to facilitate an efficient Group tax structure.
Nexia International’s global reach enables you or your business to benefit from an extensive portfolio of cross-border advice and levy consulting services. Member firms advise inbound and outbound international businesses on a wide range of compliance, planning, and advisory issues related to tax.
Our regional groups and task forces deal with hot topics, including e-commerce, transfer pricing, and the taxation of expatriates, to ensure our member firms can keep you up to date with the latest developments.
Farahat & Co. is the leading expert in corporate levy in Dubai, UAE, offering a comprehensive range of services to cater to your corporate levy needs.
The services include:
As your trusted Corporate levy Consultants in Dubai, we evaluate the implications of Corporate levy implementation on businesses. We provide expert guidance on withholding taxes and available exemptions.
Additionally, we offer insights on corporate levy matters related to group entities, highlighting potential risks and addressing challenges faced by taxpayers.
Our services encompass Corporate levy registration assistance and the calculation of taxable income subject to Corporate levy regulations in Dubai, UAE. We handle the meticulous computation of your tax liability and ensure the timely preparation and submission of tax returns.
We, as your reliable Corporate Tax Consultants, focus on optimizing your corporate levy strategy. Our seasoned professionals examine your business structure, financial transactions, and operations to pinpoint opportunities for levy savings.
Whether it’s through meticulous levy planning, the utilization of incentives, or the exploration of tax-efficient structures, we work to minimize your tax liabilities while adhering to Dubai’s tax laws.
In our representation services, we provide invaluable support to our clients. This includes preparing written submissions, responding to notices, and filing written appeals against unfavorable levy adjustments or penalties imposed by tax authorities concerning Corporate levy implementation in Dubai, UAE.
We also represent our clients directly before levy authorities, allowing them to concentrate on their core business activities.
For multinational corporations operating in Dubai and Abu Dhabi, navigating the intricacies of transfer pricing is vital. Our team of experts specializes in transfer pricing regulations, ensuring you establish and maintain arm’s length pricing for transactions and agreements involving related parties and connected individuals.
We provide comprehensive documentation services to support your transfer pricing policies, ensuring compliance and reducing the risk of disputes with levy authorities.
With our guidance, you can optimize your transfer pricing practices while maintaining full regulatory compliance in the UAE.
The levy experts listed above offer a comprehensive range of corporate levy consulting services that can help businesses stay compliant with levy regulations and maximize their corporate tax savings.
Additionally, UAE Corporate levy Consultants are well-versed in corporate levy advisory services, corporate laws, corporate accounting and budgeting assistance, corporate tax planning, and consulting.
Within the framework of the UAE Corporate levy Law, the terms “Business” and “Business Activity” serve to pinpoint the circumstances under which specific individuals or entities incur liability for UAE Corporate Tax. Essentially, they establish the categorization of a Person as a Taxable Person.
In this context, a “Business” encompasses any economic endeavor conducted by an individual or entity, regardless of its duration.
It is inherently driven by a profit motive and necessitates a systematic and organized approach to its execution. It is crucial to note that, for UAE Corporate Tax purposes, a Business or Business Activity retains its classification even if it does not yield a profit.
When applying the Corporate Tax Law to companies and other legal entities, all activities carried out and assets utilized or held are generally regarded as components of a “Business.”
Entities incorporated within the UAE, including Limited Liability Companies, Private Joint Stock Companies, Public Joint Stock Companies, and other UAE legal entities, are designated as Resident Persons and consequently subject to Corporate levy.
Any entity incorporated in the UAE is automatically recognized as a “Resident” Person for UAE Corporate levy. Furthermore, natural persons engaged in a Business or Business Activity within the UAE are also classified as Resident Persons for UAE Corporate levy.
In the case of foreign companies, they may attain Resident Person status for UAE Corporate levy if they are “effectively managed and controlled” within the UAE.
The assessment of where a company is effectively managed and controlled involves a comprehensive evaluation of all relevant facts and circumstances, with a pivotal factor being the location where the company’s board of directors makes strategic decisions affecting the company.
Under the provisions of the Corporate levy Law, a legal entity is categorized as a Non-Resident Person if it is incorporated in a foreign jurisdiction, and its effective management and control occur outside the UAE.
For natural persons, the designation of Non-Resident Person for UAE Corporate levy is applicable when they are not engaged in a taxable Business or Business Activity within the UAE.
Non-resident persons are subject to UAE Corporate levy under specific conditions, which encompass:
The calculation of taxable Income for a given levy Period relies on the net profit or loss of a business, as reported in its financial statements prepared in compliance with International Financial Reporting Standards (IFRS).
However, adjustments are necessary for specific items stipulated in the Corporate Tax Law and related implementing decisions.
These adjustments encompass unrealized gains and losses (subject to the election regarding the application of the realization principle), exempt income like qualifying dividends and capital gains, gains or losses stemming from transfers within a Qualifying Group, and deductions not allowable for Corporate Tax purposes, among others.
Since Corporate levy is imposed annually, it is imperative to specify the “Tax Period.” This period corresponds to the Financial Year used for the preparation of financial statements, typically following the Gregorian calendar year (from January 1 to December 31).
However, if a business employs a different 12-month period for financial statement preparation, that specific Financial Year is considered.
The applicable Corporate Tax rate is as follows:
| Natural persons and juridical persons | Qualifying Free Zone Persons |
| 0% for Taxable Income up to and including AED 375,000. | 0% on Qualifying Income. |
| 9% for Taxable Income exceeding AED 375,000. | 9% on Taxable Income that is not Qualifying Income, as specified in Cabinet Decision No. 55 of 2023. |