VAT and Tax Advisory in Dubai
Ensuring unwavering quality in each project undertaken throughout the UAE for Corporate Taxation is our hallmark.
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The advantages of outsourcing tax advisory to Invest Capital Services, an FTA-certified tax agency
Our team of experienced tax professionals, led by Bharat, a seasoned FTA tax agent with over 20 years of industry expertise, is dedicated to providing comprehensive corporate tax solutions tailored to your specific needs. We offer strategic tax planning, meticulous compliance assistance, and effective representation to help you navigate the complexities of UAE’s tax regulations. Whether you’re seeking to optimize your tax liability, ensure compliance with the latest tax laws, or resolve tax disputes, our team is equipped to provide expert guidance and support, allowing you to focus on growing your business
Key Benefits
Value Added Tax
Navigating businesses through the complexities of Value Added Tax
Corporate Tax
Facilitating the seamless process for corporate tax.
Corporate Tax Compliance
Ensuring meticulous adherence to corporate tax compliance requirements.
Fundamentals of Corporate Tax
Providing a solid understanding of the essentials of corporate taxation and UAE regulation
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.
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 setup, 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.
Address
Office No 404, Al Tawhidi Building, Bank Street, Bur Dubai, UAE
Phone
+971-523655193
+971-585857119
Email Address
info@investcapital.@gmail.com
Have Questions? Get In Touch!
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