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Corporate Tax Service

Corporate tax (CT) is a direct tax imposed on the profits of corporations and other entities from their business activities.

In the UAE, the Corporate Tax Law was introduced in December 2022, establishing a Federal Corporate Tax regime effective from June 1, 2023. This law applies to all business and commercial activities in the UAE, with certain exemptions such as government entities, qualifying investment funds, and public pension funds.

Understanding and adhering to the corporate tax rates in the UAE is crucial for businesses to maintain compliance and avoid penalties. To navigate this new tax landscape and ensure compliance with the UAE corporate tax registration requirements, consider utilizing our services for expert guidance and support. Choose Harbins without a hint of doubt.

Our Corporate Tax Solutions in UAE provide comprehensive support, including corporate tax UAE registration and corporate tax in Dubai. Maintain your tax compliance with Harbins at an affordable price. Get support from experienced accountants for bookkeeping, financial statement preparation, VAT, and corporate tax filing. Contact Us today!

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Avoid 10,000 AED Penalty by Registering for Corporate Tax

Tax Umbrella

Harbins specializes in optimizing tax obligations for individuals and businesses, particularly in Corporate Tax. Our expertise extends to navigating the complexities of corporate tax rates in the UAE and UAE corporate tax registration for both local and foreign entities. We ensure compliance with the latest UAE corporate tax law while maximizing tax efficiency, including identifying exemptions for certain income types. Whether you need assistance with corporate tax in Dubai or require comprehensive Corporate Tax Solutions in UAE, Harbins provides expert guidance tailored to your needs.

Transfer Pricing

Harbins helps businesses adhere to transfer pricing regulations in UAE mainland and free zones, ensuring that transactions with related parties comply with market prices. Our expertise includes developing transfer pricing policies, handling annual submissions, and providing guidance to optimize operations while ensuring compliance with corporate tax in the UAE. With our support, businesses can effectively navigate the complexities of corporate tax regulations and achieve optimal tax efficiency.

Transitional Provisions and Necessary Requirements

Harbins assists in navigating Article 61’s transitional provisions under the UAE corporate tax law, ensuring the enforcement of the arm’s length principle in accounting transactions from January 1, 2023, or earlier, depending on the initial tax period. We help businesses ensure compliance with corporate tax in the UAE, facilitating eligibility for tax reduction schemes and optimizing tax efficiency. With our expertise, you can confidently manage your corporate tax obligations while benefiting from available tax reduction opportunities.

How Harbins Makes You Corporate Tax Compliant

Harbins’ team of seasoned Chartered Accountant professionals will assist you with financial and tax advisory services that adhere to global standards, ensuring compliance with International Accounting Standards (IAS/IFRS). We excel in crafting a perfect Corporate Tax strategy for our clients, including the implementation of transfer pricing across the entire group in accordance with OECD guidelines. Our services also cover seamless corporate tax registration and filing, ensuring full compliance with corporate tax in the UAE. Trust us to elevate your financial operations with expertise tailored to your business needs.

Support and services

Harbins works with both retailers and wholesalers to ensure that both parties achieve maximum tax benefits. We design and implement a plan of action which will result in both parties being fully compliant with all the tax laws and regulations. This includes planning and implementation of strategies and systems to ensure that all tax collections are properly monitored and collected and will also help the authorities in developing new policy initiatives that will better assist both parties.

Harbins works with both retailers and wholesalers to ensure that each party achieves maximum tax benefits. We design and implement comprehensive action plans to ensure full compliance with UAE corporate tax laws and regulations. This includes strategic planning and the implementation of systems to monitor and collect all relevant taxes effectively. Our expertise extends to both corporate tax in UAE mainland and free zones, ensuring that all tax collections are properly managed and that businesses benefit from applicable tax reduction schemes. We also assist authorities in developing new policy initiatives that better support both retailers and wholesalers. With a strong industry knowledge of customs and taxation, Harbins is well-equipped to navigate the complexities of tax collection and payment at the correct rates. Our team stays fully informed about changes in government laws and international regulations to ensure accurate and timely compliance.

Why is corporate tax compliance important?

Failure to comply with corporate tax regulations in the UAE can result in significant penalties, interest charges, and legal actions, including audits and potential prosecution. Non-compliance may lead to fines, restrictions on business activities, and damage to your reputation. It’s crucial for businesses to adhere to UAE corporate tax laws to avoid these severe consequences.

As of March 1, 2024, the Ministry of Finance has announced a penalty of AED 10,000 for late registrations of UAE Corporate Tax for businesses that have not registered within the timeline provided by the Federal Tax Authority (FTA). Ensure that your business meets the registration requirements and stays compliant with corporate tax in the UAE to avoid these penalties.