Corporate Tax Advisory Services
A competitive CT regime based on global best practices is expected to strengthen the UAE's position as a top business and investment hub and accelerate the country's growth and transformation to achieve its strategic goals. . The UAE's commitment to uphold international standards of tax transparency and to prevent unfair tax practices is also reaffirmed by the implementation of the CT regime.
While routine tax compliance covers registration, record-keeping and filing returns on time, tax advisory goes further — into planning, structuring and optimising your position before the return is ever prepared.
From reviewing your financial records to giving forward-looking guidance, our tax advisors help you understand the impact of your financial decisions and advise on how to strengthen your tax position, while keeping your commercial and personal goals in view.
When will the UAE CT regime come into effect?
The UAE CT regulations will come into force for financial years beginning after 1 June 2023. Example: If the fiscal year is from his 01.07.2023 to 30.06.2024, the company will be subject to UAE CT from his 01.07.2023. is the start date of the first fiscal year beginning after June 1, 2023). From 1 January 2024, companies with financial years from 1 January 2023 to 31 December 2023 are subject to the UAE CT (this is the first the beginning of the fiscal year).
What is the role of the Ministry of Finance?
For the purposes of bilateral/multilateral tax agreements and international exchange of information for tax purposes, the Ministry of Finance remains the "competent authority". The Ministry of Finance may issue additional guidelines and implementing regulations regarding the UAE CT and other federal taxes.
What should I do to prepare for the UAE CT?
To assess what the UAE CT system means for your business, you should take the following as a starting point: Use the information available to determine if and when your company is subject to the UAE CT. Understand business requirements under corporate tax law. For example, whether your business needs to be registered with the UAE CT. What is your business's accounting/tax period? By when your business needs to file a UAE CT return. What elections or applications can or should your business make for the purposes of the UAE CT? How UAE CT affects your business obligations and responsibilities under contracts with customers and suppliers. Financial information and records you must retain for UAE CT purposes. Please check the Ministry of Finance and Federal Tax Administration websites regularly for more information and guidance on the UAE CT regime.
Our tax advisory services include:
- Guidance on UAE corporate tax registration, returns and filing deadlines
- Advice on VAT returns, voluntary disclosures and excise tax obligations
- Assessing whether your business or free zone entity qualifies for the 0% rate
- Understanding the tax consequences of acquiring or disposing of business assets
- Restructuring or reorganising companies, groups and partnerships
- Tax grouping assessments for companies under common ownership
- Understanding the tax implications of real estate transactions
- Reviewing the tax treatment of employee remuneration and benefit packages
- Understanding the tax effect of income, deductible expenses, major purchases and investments
- Advice on small business relief and other available exemptions
- Representing clients in tax negotiations and disputes with the Federal Tax Authority
- Representing clients in FTA, free zone, or local audits
- Reviewing available tax credits and relief to determine the maximum allowable claim
- Succession and ownership transition planning for family-owned businesses
- Trade and customs tax services and guidance
- Transfer pricing analysis, documentation and review of existing policies
- Economic substance regulations (ESR) assessment and reporting
- Tax valuation services