Free zone companies may qualify for certain tax incentives, but specific conditions apply. We can help determine your free zone company’s tax obligations.
Groups can apply for tax grouping under certain conditions, allowing consolidated filing. We can assist in determining eligibility and implementation.
Corporate tax returns must be filed annually, with specific deadlines based on your financial year-end.
Penalties can be significant and include fixed amounts for late registration and filing, plus percentage-based penalties for incorrect returns or late payments.
Generally, all business income is taxable, including trading income, rental income, and investment returns, with certain exemptions and exclusions.
The standard corporate tax rate is 9% for taxable income exceeding AED 375,000. Income below this threshold is subject to a 0% rate.
Companies must maintain detailed financial records, supporting documents, and tax calculations for a minimum of seven years.
UAE corporate tax applies to financial years starting on or after June 1, 2023.
