Corporate Tax Service in Dubai & Sharjah.

We understand how important it is for your business to follow the rules on corporate taxes and how this can affect your operations. Experts in Al-Wahat Accounts and Internal Audits is committed to making sure your business always does what's required by the Federal Tax Authority (FTA) in the UAE. We offer top-notch corporate tax services to help you meet your tax obligations the right way.

• We provide smart planning services for corporate taxes that fit your business. Our experts study your business structure, how it works, and its financials to find ways to lower your tax bill. We help you come up with plans that minimize the taxes you owe while still following the FTA's rules.

• Our team makes sure your business does everything it should follow corporate tax rules. We help you get your tax forms ready and submit them on time, making sure all are correct.

• Our tax advisors give you all the help and advice you need about corporate taxes. We explain how your business decisions, like mergers or big changes, might affect your taxes help you figure out the tax side of things and put plans in place to make your business more tax-efficient.

• If the FTA ever wants to check your business's taxes, we're here to help. We get your business ready for the check, gather the right documents, and talk to the tax folks. We make sure your business is ready and can handle any tax checks or questions.

• We also help you find and handle any tax risks to avoid problems and extra costs. Our experts do a deep dive into your tax risks, look at how things work inside your business, and find ways to lower the chances of tax issues. We make sure your business has good processes to follow tax rules and lower the risk of tax problems.

• If your business works across borders, we help with international taxes. Our team guides you through the tricky parts of taxes that involve more than one country, like transfer prices, withholding taxes, and agreements to stop double taxation. We help make sure your business pays the right taxes everywhere it operates.

By working with Al-Wahat Accounts and Internal Audits for your corporate taxes, you can trust your business will do the right thing and always meet the FTA's rules. Our experts will work closely with you to come up with solutions that match your business goals, help you pay less in taxes, and always stay on the right side of the tax law.

CORPORATE TAX – WHY CHOSE US?

Corporate Tax in the UAE represents a significant shift, introducing new obligations for businesses. As of June 1, 2023, the UAE implemented a federal corporate tax on business profits, moving away from its previous tax-free environment. This change aligns the UAE with international tax standards and supports its development goals by diversifying revenue

sources beyond oil and gas. At ALWAHAT ACCOUNTS & INTERNAL AUDIT SERVICES, we are here to professionally guide you through every step of this new tax landscape. Our expert team will help you navigate the 9% corporate tax rate on taxable income over AED 375,000 and the 0% rate for income up to that amount, providing relief for smaller businesses and startups.

We understand that the tax applies to all businesses and commercial activities, including those in free zones. Our team will assist free zone businesses in understanding and meeting specific requirements to benefit from available incentives.

We also help identify and apply exemptions, such as for dividends from qualifying shareholdings and income from natural resource extraction, which remain subject to Emirate-level taxation.

Our services include ensuring compliance with transfer pricing rules aligned with OECD guidelines, requiring related-party transactions to be conducted at arm's length and properly documented. We will help you maintain accurate financial records, file annual tax returns, and ensure timely tax payments, implementing robust tax planning and compliance strategies to avoid penalties.

Moreover, we guide businesses in meeting Economic Substance Regulations (ESR) to prevent harmful tax practices. We help demonstrate sufficient economic substance within the UAE for relevant activities, ensuring your business adheres to all necessary criteria.

The introduction of Corporate Tax requires a reevaluation of business strategies and financial planning. ALWAHAT ACCOUNTS & INTERNAL AUDIT SERVICES will assist you in this transition, making effective tax planning and compliance essential to minimize liabilities and ensure adherence to new regulations. With our expert guidance, we help you navigate the complexities of the UAE's corporate tax regime, optimizing your tax positions and ensuring your business remains compliant and efficient.

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