Post By : Alankit Category : Business Setup November 12, 2024
The United Arab Emirates (UAE) has long been recognised as a haven for tax free businesses, attracting both small entrepreneurs and multinational corporations with its highly lucrative incentives and business-friendly environment. However, businesses with taxable profits exceeding AED 375,000 are now subject to a 9% corporate tax. This new tax regime predominantly impacts companies incorporated in the UAE, foreign firms with a substantial presence within the UAE. As the landscape evolves, understanding these changes becomes necessary for ensuring compliance and continued success in this thriving market.
Registration Requirements for Corporate Tax
Businesses and individuals in the UAE with taxable profits exceeding AED 375,000, including resident companies, foreign companies with Permanent Establishments, and individuals conducting business activities, are required to register for corporate tax unless they qualify for an exemption. This registration is essential for ensuring compliance with the new regulations and avoiding potential penalties.
Alankit is a leading provider of corporate tax management services in the UAE, dedicated to guiding businesses through the complexities of the tax regime. With our extensive expertise and a skilled team of professionals, we craft customised strategies that ensure complete compliance while optimising tax efficiency.
From tax planning and advisory to seamless filing and reporting, Alankit delivers unparalleled service, making us the go-to partner for businesses seeking to manage their corporate tax obligations effortlessly.
