Is your business Corporate Tax Ready?

Book an appointment with a tax professional to understand the CT requirements for your business activity:

• Identify if your business is legible for Corporate Tax (earns taxable income that exceeds 375 000 AED per annum)
• Identify the tax period for your business  
• Identify by when your business would need to file a UAE CT return
• Determine how CT may impact your business obligations & liabilities under contracts with customers and suppliers
• Guide you on the financial information and records your business will need to provide for UAE CT purposes
• Prepare for CT Filling

Taxpayers are required to register before they file their first CT return.

Only one CT return will need to be filed per Tax Period. The CT return will generally be due within 9 months following the end of the Tax Period. No provisional or advance UAE CT filings will be required.

Taxpayers should prepare their financial statements, and determine their taxable income on an accrual’s basis, unless they are permitted to use the cash basis of accounting instead. The Minister may prescribe the instances where a taxpayer can prepare financial statements using the cash basis, which is expected to be available for certain categories of individual entrepreneurs and small businesses. 

Business set up, licence renewal and other Government fees and charges incurred wholly and exclusively in the ordinary course of business are deductible for CT purposes.

UAE holding companies would be subject to UAE CT (at a 9% CT rate or the 0% Free Zone CT rate), depending on whether the holding company is established in a Free Zone or in the mainland UAE, but dividends and capital gains earned from domestic and foreign shareholdings would generally be exempt from CT, subject to certain conditions.