Corporate Tax Services in UAE with AMA Audit Tax Advisory
The introduction of Corporate Tax (CT) in the UAE marks a significant shift in the country's tax landscape, making it crucial for businesses to ensure full compliance and strategic tax planning. AMA Audit Tax Advisory, a leading financial services firm in the UAE, offers comprehensive corporate tax services to help businesses navigate these new regulations effectively.

Key Aspects of UAE Corporate Tax:

Applicability: Corporate Tax is generally applicable to all business and commercial activities within the UAE, including free zones (with certain conditions for qualifying free zone persons).
Effective Date: The tax became applicable for financial years starting on or after June 1, 2023, or January 1, 2024, depending on the business's financial year.
Tax Rates:
0% on taxable income up to AED 375,000.
9% on taxable income exceeding AED 375,000.
A different tax rate (not yet specified but in line with OECD Pillar Two rules) for large multinational corporations with global revenues exceeding AED 3.15 billion.
Exemptions: Certain entities and income are exempt, such as government entities, qualifying public benefit entities, and certain dividends and capital gains under specific conditions.
Compliance: Businesses are required to register for Corporate Tax with the Federal Tax Authority (FTA) and file their tax returns electronically within nine months from the end of their financial year.
Transfer Pricing: UAE Corporate Tax law includes Transfer Pricing (TP) regulations, requiring related party transactions and connected persons to adhere to the arm's length principle.
How AMA Audit Tax Advisory Can Assist Your Business:

AMA Audit Tax Advisory provides end-to-end corporate tax services tailored to the unique needs of businesses in the UAE. Their expertise ensures that companies remain compliant, optimize their tax position, and avoid penalties.

Services Offered by AMA Audit Tax Advisory:

Corporate Tax Registration: Guiding businesses through the mandatory registration process with the FTA, ensuring all documentation is in order for a smooth registration and obtaining a Tax Registration Number (TRN).
Corporate Tax Planning & Advisory: Developing strategic tax plans to minimize tax liabilities and maximize efficiencies, considering the specific business structure, operations, and financial objectives, including advice for free zone entities.
Corporate Tax Impact Assessment: Analyzing the potential impact of the new corporate tax regime on your business, including identifying exemptions and benefits of tax grouping or consolidated filings.
Financial Statement Review: Conducting in-depth reviews of financial statements to identify areas for optimization and ensure alignment with IFRS standards and UAE Ministry of Finance/FTA regulations.
Corporate Tax Return Filing and Submission: Assisting with the accurate and timely preparation and submission of corporate tax returns, ensuring compliance with FTA filing deadlines.
Tax Grouping Analysis: Evaluating group structures to determine tax implications and optimize tax efficiency, including the potential for forming a tax group.
Transfer Pricing Documentation: Supporting businesses in adhering to transfer pricing rules by preparing necessary documentation (Local File and Master File) for related party transactions.
Corporate Tax Audit Support: Providing guidance and representation in the event of a corporate tax audit by the FTA, ensuring all financial records and tax liabilities are in order.
VAT Integration: Offering seamless integration of VAT requirements into the corporate tax framework, ensuring adherence to VAT obligations.
Ongoing Compliance and Support: Providing continuous advice and support on evolving tax regulations and ensuring businesses remain compliant with the latest updates from the Federal Tax Authority.
By leveraging AMA Audit Tax Advisory's deep knowledge of UAE tax laws and their client-focused approach, businesses can confidently navigate the complexities of the new corporate tax regime, ensuring compliance, fostering growth, and achieving financial stability.
CHECK:
https://amaaudit.com/our-services/corporate-tax/