Are you a business owner in the UAE looking to navigate the world of corporate tax? At Bestax, we provide specialized corporate tax return services designed to make your tax filing process smooth and straightforward. Whether you’re a large corporation or a smaller business, our team of corporate tax consultants in Dubai is here to support you.
Why Corporate Tax Return Filing Matters
Filing corporate tax returns is a mandatory requirement under the new corporate tax in the UAE. The UAE corporate tax law requires all taxable businesses to file their corporate tax return with the Federal Tax Authority (FTA) within nine months from the end of their fiscal year.Â
With UAE corporate tax filing deadlines and compliance standards being strictly monitored, companies need to be diligent in their tax planning, accurate in documentation, and timely in submission. At Bestax, we make compliance effortless with best corporate tax return services tailored to the unique needs of businesses in the UAE.
Our Services: Corporate Tax Return Filing Made Easy
Our corporate tax return services in Dubai cover every aspect of corporate tax filing. Here’s how we can help you:
- Expert Tax Consultation and Planning
 Our experienced corporate tax accountants in Dubai provide clear, actionable advice. With deep knowledge of the UAE corporate tax law and corporate tax rate, we guide you on tax-saving opportunities and help you make informed decisions that align with your business goals.
- Accurate Tax ComputationÂ
With UAE corporate tax rates at 9% for profits exceeding AED 375,000, calculating tax obligations accurately is essential. We ensure all computations are precise, optimizing deductions and exemptions so that you only pay what is legally required. No more, no less.
- Detailed Financial Statement ReviewsÂ
Financial statements form the backbone of tax filings. Our team conducts thorough reviews, helping you understand your business’s financial health and ensuring that all entries align with corporate tax filing requirements.
- Comprehensive Documentation Support
In the UAE, documentation is vital for compliance. We help you gather, organize, and maintain essential records, from financial statements to sales ledgers and correspondence, ensuring compliance with corporate tax law. This includes digital and physical records, depending on your needs.
- Timely Filing
With Bestax handling your tax filings, you’ll never miss a deadline. We manage the end-to-end process, from documentation to submission, ensuring you’re fully compliant with the UAE’s tax regulations.
- Audit Assistance
In case the FTA initiates a tax audit, we’re here to help. Our experts stand by your side, assisting with documentation, clarifications, and strategies for defending your filing. With us, you’re prepared for any audit that comes your way.
Corporate Tax Filing Requirements in the UAE
The UAE corporate tax law mandates that all taxable persons keep detailed records of their financial activities, which helps the FTA verify taxable income. This documentation includes everything from bank statements and sales ledgers to loan records and business correspondence. Our corporate tax return services make it easy to compile and organize these records.
Here’s a breakdown of the main requirements:
- Comprehensive Documentation: All financial statements, transaction records, asset details, and liabilities must be accurately recorded and retained. This allows the FTA to verify your income and deductions. Failure to keep proper documentation can result in penalties, which start at AED 10,000 for a first offense and increase to AED 20,000 for repeat offenses within two years.
- Seven-Year Retention: Businesses are required to retain financial records for at least seven years. This enables the FTA to review past filings, if necessary, during audits or assessments.
- Transfer Pricing Documentation: Businesses involved in related-party transactions must prepare transfer pricing documentation, which ensures that all transactions meet the arm’s length standard, reflecting fair market value.
- Audit Requirement: Taxable persons with revenue exceeding AED 50,000,000 must maintain audited financial statements. Qualifying Free Zone Persons are also required to submit audited financial statements.
- Digital Record Keeping: For businesses relying on digital solutions, the UAE allows scanned copies of paper records, as long as they are accessible and maintained accurately.
Corporate Tax Rate and Timeline for Filing in UAE
The corporate tax rate in UAE is set at 9% on taxable profits over AED 375,000, while profits up to this threshold are not subject to tax. Filing is mandatory within nine months of the end of your fiscal year, a deadline that most UAE companies must meet on 30 September 2025 for the fiscal period ending 31 December 2024.
Corporate tax filing is a critical task that needs to be handled with care to avoid penalties. Our corporate tax return services in Dubai ensure that your filings are accurate and submitted on time, so you can focus on running your business without worry.
Penalties for Late Submission of Corporate Tax Returns
Missing the deadline for corporate tax filing can lead to costly penalties. The FTA imposes the following fines for late submissions:
- AED 500 for each month (or part thereof) within the first 12 months.
- AED 1,000 for each month (or part thereof) starting from the thirteenth month onwards.
Avoiding penalties is easy with Bestax’s corporate tax return services. Our team manages the entire filing process, keeping you compliant and helping you avoid unnecessary expenses.
Strategic Tax Planning and Optimization
Tax planning is more than a compliance requirement; it’s a powerful tool for business optimization. Our corporate tax return services help you create a tax-efficient structure that aligns with your long-term goals. Here are some ways we help clients save on taxes:
- Identifying Deductions: By claiming all eligible deductions, businesses can reduce taxable income. Operational expenses, capital expenditures, and other allowable costs can significantly reduce your corporate tax burden.
- Leveraging Exemptions: UAE tax regulations offer several exemptions, including those for government entities and qualifying organizations. Understanding and utilizing these exemptions can lead to major tax savings.
- Structuring Cross-Border Transactions: The UAE has numerous Double Taxation Avoidance Agreements (DTAAs) that allow businesses to benefit from foreign tax credits and avoid double taxation. Our team can help you structure your transactions to make the most of these agreements, optimizing global tax exposure.
- Long-Term Strategic Planning: By aligning business decisions with potential tax benefits, such as capital investments and expenditures, companies can leverage exemptions on capital gains and dividends. This approach enables businesses to reinvest profits more effectively.
- Risk Mitigation: Staying compliant and up-to-date with changing tax regulations helps businesses avoid penalties related to non-compliance. Our team ensures that your tax planning and filings align with the latest rules, minimizing legal risks.
Choose Bestax for Zero Errors and Full Confidence – or Your Money Back!
Let Bestax be your trusted partner in navigating corporate tax return services in the UAE. With our zero-error approach, compliance expertise, and dedication to accuracy, we guarantee that your tax filings will be handled with precision and care. If you’re not completely satisfied with our service, we offer a money-back guarantee – because your peace of mind is our top priority.
Ready to experience stress-free corporate tax filing? Contact Bestax today and let us take the hassle out of compliance, so you can focus on what truly matters: growing your business.
Frequently Asked Questions (FAQs)
1. Can you pay corporation tax in instalments?
While the UAE Federal Tax Authority (FTA) requires lump-sum payments for principal corporate tax dues, installment options are available specifically for administrative penalties incurred by businesses, such as those due to late tax registration or filing.
2. How much corporation tax will I pay?
The corporate tax rate in the UAE is 9%, but it only applies to taxable net profit exceeding AED 375,000. Profits up to AED 375,000 are taxed at 0%.
3. When to pay corporation tax?
Corporate tax in the UAE must be paid within nine months of the end of your fiscal year. For most companies, the fiscal year ends on 31 December, making the initial filing deadline 30 September 2025 for the period from 1 January 2024 to 31 December 2024.
4. What’s the difference between corporate tax and income tax?
Corporate tax is a business expense levied on profits, whereas personal income tax is imposed on an individual’s income, such as wages and salaries.
5. How to pay your corporate tax online?
Registered businesses can pay corporate tax online through the EmaraTax platform. By logging into EmaraTax, you can handle tax registration, returns, payments, and even refunds in a few clicks.
