abcapital.ae

VAT and Tax Advisory in Dubai

Ensuring unwavering quality in each project undertaken throughout the UAE for Corporate Taxation is our hallmark.

financial, analysis, accounting

The advantages of outsourcing tax advisory to AB Capital Services

As a distinguished corporate tax service provider, our firm specializes in guiding businesses through the intricacies of corporate taxes.

Our service spectrum encompasses a broad array, including adept tax planning, meticulous tax compliance, and effective tax representation. Count on us to assist you in aligning with UAE’s legal framework for taxation services

Key Benefits

Fundamentals of Corporate Tax

Providing a solid understanding of the essentials of corporate taxation.

Fundamentals of Corporate Tax

Providing a solid understanding of the essentials of corporate taxation.

Corporate Tax Registration

Facilitating the seamless registration process for corporate tax.

Corporate Tax Registration

Facilitating the seamless registration process for corporate tax.

Corporate Tax Compliance

Ensuring meticulous adherence to corporate tax compliance requirements.

Corporate Tax Compliance

Ensuring meticulous adherence to corporate tax compliance requirements.

Value Added Tax (VAT)

Navigating businesses through the complexities of Value Added Tax in compliance with UAE regulations.

Value Added Tax (VAT)

Navigating businesses through the complexities of Value Added Tax in compliance with UAE regulations.

AML/CFT Policy

Implementing robust Anti-Money Laundering/Countering the Financing of Terrorism policies for comprehensive financial security.

AML/CFT Policy

Implementing robust Anti-Money Laundering/Countering the Financing of Terrorism policies for comprehensive financial security.

Economic Substance Regulations

Guiding businesses through the intricacies of Economic Substance Regulations to ensure full compliance.

Economic Substance Regulations

Guiding businesses through the intricacies of Economic Substance Regulations to ensure full compliance.

Ready to Take Your Business to New Heights?

Get a free consultation right away if you’re seeking for the top team of chartered accountants to outsource accounting services in Dubai.

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Frequently Asked Questions

When does the new UAE corporate tax come into effect, and what are the rates?

The UAE corporate tax will be implemented in phases, starting with a 9% rate on taxable profits exceeding AED 3 million for businesses operating in the UAE mainland. This applies to fiscal years commencing on or after June 1, 2023*. Exemptions and specific industry treatments exist, so seeking professional advice is crucial.

What are the key differences between the new UAE corporate tax and other taxes in the region?

Unlike traditional VAT, the UAE corporate tax targets business profits. Additionally, it boasts a competitive 9% rate and generous exemptions compared to neighbouring countries.

How can a tax consultancy help my business prepare for the new tax law?

Our experienced consultants can assist you in several ways, including:

  • Tax Gap Analysis: Assessing potential tax impact on your business.
  • Compliance Strategy: Guiding you through registration, filing, and reporting requirements.
  • Tax Optimization: Identifying opportunities to minimize your tax burden within legal frameworks.
  • Industry Expertise: Applying specialized knowledge for your specific industry’s nuances.
What documents do I need to file for the new corporate tax?

Specific requirements vary depending on your business type and size. Generally, you’ll need financial statements, audit reports (if applicable), and other documentation supporting income and expenses. Our team can advise you on the exact documentation needed for your unique case.

Are there any tax incentives available for start-ups or specific industries?

Yes, the UAE offers various incentives for certain sectors and start-ups. These may include reduced tax rates, exemptions, and free zone benefits. We stay updated on relevant incentives and can help you determine if you qualify.

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