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Yes, the UAE is generally considered a tax-free jurisdiction. However the UAE has impose a Corporate tax on business operating in UAE which will effective from 1st June 2023.
A Corporate Tax Audit in the UAE requires examining a company’s financial records to confirm tax compliance. It ensures that taxes are paid accurately and on schedule as per FTA rules, and all companies must undergo this audit. On January 31, 2022, the UAE announced a new federal corporate tax system starting from June 1, 2023, with a low 9% tax rate.
Step 1: Begin by creating an account on https://tax.gov.ae/en/emaratax.aspx. You can do this by registering with your email address and phone number or simply logging in if you already have an account.
Step 2: After logging in, you will come to the option to register for Corporate Tax.
Step 3: Ask now consultant to help you with documentation and submission process in order to avoid penalties.
We are a financial advisory company who’d help you go through your financial activities. Sellers and Businessmen trust NOW Consultant to manage their taxes, VAT, Accounting and Incorporation. Get a personal accountant who knows how to manage your business stuff professionally with error free accounting.
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