VAT and Tax Advisory in Dubai
Ensuring unwavering quality in each project undertaken throughout the UAE for Corporate Taxation is our hallmark.
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
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.
Frequently Asked Questions
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.
Unlike traditional VAT, the UAE corporate tax targets business profits. Additionally, it boasts a competitive 9% rate and generous exemptions compared to neighbouring countries.
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.
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.
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.