Corporate Tax Services in Dubai - Taxhub
As the anticipated implementation of corporate taxation approaches 2023, the importance and urgency of these services are steadily increasing. The region requires a specific skill set to handle these services efficiently, and our firm is equipped to meet those needs.
The accuracy and transparency of taxation services are crucial, enabling businesses to comply with tax laws by filing tax returns without errors or discrepancies. Any mistakes during the tax accounting process can lead to losses or other detrimental consequences for a business's financial health. Hence, utmost vigilance and attention to detail are of the essence when preparing tax accounts.
The UAE Ministry of Finance will introduce a federal Corporate Tax on business profits starting from the fiscal year that commences on or after June 1st, 2023. The corporate tax system in the UAE has been created to consider international best practices and lessen the burden of compliance on UAE enterprises.
Schedule an appointmentCorporate Income Tax Rates That Apply in the UAE
As a global financial centre and international business hub, the UAE's Corporate Tax regime supports investments and HQ activities, facilitating the free flow of capital, trade, financing, and services. The UAE Corporate Tax regime has a standard statutory tax rate of 9%, with a 0% tax rate for taxable profits up to AED 375,000, which supports small businesses and startups, making it one of the most competitive tax regimes worldwide.
Large businesses that satisfy the specific requirements linked to Pillar Two of the OECD Base Erosion & Profit-Sharing Project will be subject to a different tax rate. (With global revenue over 750 million or AED 315 billion). At Taxhub, our skilled and experienced personnel in Dubai work closely with clients, providing tailored guidance and advice for their businesses. We are committed to achieving sustainable growth for our clients through our pragmatic business ideals and innovative and unique approach, making our corporate tax consultancy services stand out.
Exchange Pricing
Since introducing the Corporate Tax, compliance with the transfer pricing process has taken on significant importance among businesses. The UAE requires firms to abide by the paperwork standards and transfer pricing regulations.
Inter-company and inter-group activities will all be closely examined by FTA, and any non-compliance is punishable by severe fines.
TAXHUB with its 36 years of expertise in accounting and finance, Taxhub allows you to fulfill all of your TP requirements and successfully conduct global business operations.
- An in-depth examination of international financial activities in light of corporate tax.
- Checking contract analysis and BEPS preparedness.
- OECD Transfer Pricing Guidelines observance.
- Building transfer cost guidelines.
- Documentation regarding proper transfer pricing: Local, Master File, and Country by Country Report (CbCR).
- Evaluating the Master file, Local file, and CbCR's relevance.
- TP evaluation of each state in which your company conducts business.
- Creating supply chain administration that is tax efficient.
- Ensuring that the arm's-length concept is upheld in all transactions (between businesses with common ownership).
- Looking into legal restructuring to promote Mainland and Freezone company development.
- Assessment of transfer pricing hazards.
Our services cover the following:
- Corporate tax advisory
- Tax compliance support
- Litigation support
- Effective Tax Rate (ETR) management
- Tax planning about Corporate Tax Rate
- Corporate tax impact assessment
- Multi-country planning *Base Erosion and Profit Shifting (BEPS)
- FPI Advisory and Fund Compliance
- Individual, Family Office, Estate and Trust Compliance
- BEPS *Individual, Family Office, Estate and Trust
The business Tax
Most jurisdictions want to use taxes to boost their income. When a company operates in several countries, managing taxes can be difficult. Taxhub and associates approach complex tax issues thoroughly and coordinatedly. No matter where you operate, our services are made to satisfy your needs while addressing the particular difficulties presented by your region.
We have comprehensive knowledge of many financial aspects, including taxation, accounting, business consulting, VAT advice, and more, thanks to our 36 years of extensive industry expertise. You can surmount problems like corporate taxes, transfer pricing, etc. with the help of our useful guidance and a strong tax compliance framework.
Tax Management Consulting
Although our services can be demanding, they aim to lessen the financial burden, guarantee compliance with new laws, and ensure efficient business operations. TAXHUB can help you meet the unique demands of the UAE market and manage multi-jurisdictional tax operations thanks to its more than 36 years of experience in financial services advice and cutting-edge technology.
Among the difficulties are risk management, compliance, and reporting for various taxation. We provide global outsourcing capabilities, help clients change their processes, technologies, and resourcing models, and create a fullproof plan through in-depth analysis.
With a coordinated tax strategy backed by an execution roadmap, we bring in our devoted tax management experts to handle your crucial plan.
The following activities are offered by us:
- Defending entities before tax officials in cases involving assessments, appeals, and searches and seizures.
- Ahead tax calculations.
- Respecting the tax requirements imposed by corporate tax and ESR rules.
- Submitting tax documents such as the VAT.
- Transfer pricing and foreign taxation, respectively.
- Administration of the business tax reform.
- Evaluation of business readiness and staff development.
- Readying your business for corporate tax audits.
Solutions for Business Processes
Technology can be a key component of developing a comprehensive strategy for process optimisation. Technology can help departments like HR, tax, finance, and accounting while enhancing daily company operations.
Your company's SWOT study is done by Taxhub. We will design and execute operational procedures, SaaS-based technologies, and resource models after conducting a thorough analysis. This exercise's primary goal is to increase your productivity and enable you to make wise decisions based on business insights.
- Defending entities before tax officials in cases involving assessments, appeals, and searches and seizures.
- Ahead tax calculations.
- Respecting the tax requirements imposed by corporate tax and ESR rules.
- Submitting tax documents such as the VAT.
- Transfer pricing and foreign taxation, respectively.
- Administration of the business tax reform.
- Evaluation of business readiness and staff development.
- Readying your business for corporate tax audits.
Are you looking for a reliable firm to handle your corporate tax affairs? Our authentic services will meet your needs, so look no further.
Contact Us
Looking for collaboration?
[email protected]Business Center 1, M Floor, The Meydan Hotel, Nad Al Sheba, Dubai, U.A.E.
Monday-Friday: 08am-9pm
(+971) 52 11 22 777Powered by Advilite