Tax Advisory
Value Added Tax (VAT)
- VAT Registration and de-registration
- VAT Audit and Health Check
- VAT Personnel Training
- VAT Implementation, Transition and Testing
- VAT Compliance and Returns Submission
Corporate Tax
The Ministry of Finance in the UAE announced the introduction of a federal Corporate Tax (CT) on business profits effective for the financial year starting on or after 1 June 2023.
Proposed CT rates are:
- 0% - for taxable income up to AED 375,000
- 9% - for taxable income above AED 375,000
- A Different tax rate (to be specified) for large multinationals that generate consolidated global revenues above EUR750m (AED 3.15 bn) in line with the Pillar II of the OECD BEPS project.
We can provide the best and most efficient solutions for your business to allow ease of implementation of corporate tax and can help you to understand and evaluate the impact of UAE CT on your business and transactions and prepare your company and yourself better for the challenges that lie ahead.
Tax Domicile Certificate / Tax Residency Certificates (TRC)
Tax Residency Certificate is also called as Tax Domicile Certificate to take advantage of double taxation avoidance agreements signed by UAE. The Tax Residency Certificates are issued by the Ministry of Finance and are valid for one year. We can help you getting TRC in the smoothest manner.
Ultimate Beneficial Ownership (UBO) compliances
The UAE Ministry of Economy makes it mandatory for companies to submit the Ultimate Beneficial Owner register to the Registrar within the deadline.
In relation to the Ultimate Beneficial Ownership, we will Perform a Preliminary Assessment of your business in fulfilling and complying with the process, procedures, and submission UBO Declaration. We are here to help you and your business comply with Ultimate Beneficial Ownership requirements efficiently and professionally.
Economic Substance Regulation reporting
Companies are required to submit Economic Substance Regulations’ notifications and reports via the e-platform on the Ministry of Finance’s website.
The UAE economic substance requirements apply to all UAE onshore and free zone companies and certain other business forms that undertake one or more “Relevant Activity” for financial years commencing on or after 1 January 2019.
We can assist UAE entities in assessing whether and which of their activities fall within the scope of the economic substance regulations, and how to ensure they meet the economic substance requirements in respect of each Relevant Activity.
Contact our business consultancy today to explore further and gain comprehensive insights into the process, and requirements. Our expert team is here to provide personalized guidance and assist you every step of the way. Contact us at [ Phone: (+971) 50-221-3421 Or Email:info@adeptbizconsulting.com ]