Leading corporate tax consultants in Dubai-UAE, play an essential role in ensuring compliance with the UAE’s corporate tax regulations. Businesses in UAE are required to ensure compliance with the corporate tax law and avoid potential penalties or fines. This article details the top corporate tax consultants in Dubai, UAE, detailing their range of services, key strengths, and how they assist businesses in achieving compliance and tax efficiency.
Dubai's Leading Corporate Tax Consultants
| Firm | Important Features |
| Farhat & Co. | Farahat & Co, a reputable Tax Consultant in UAE, provides accredited tax and auditing services in the UAE, including legal accounting, auditing, fraud investigation, business setup, and payroll services. Additionally, offers expertise in liquidation, human resources, trademark registration, and expert witness services, among others. |
| CMS | It exists in over 40 countries, providing solutions through mitigated risks and with the drive of innovation.
Tax consulting services related to domestic as well as international taxes in UAE. Experienced in a wide variety, the company proposes specific audit and consulting services |
| Deloitte Middle East LLC | Corporate tax compliance, planning and consulting
It offers a company's accounts and budget in addition to consulting about tax legislations |
| Crowe Horwath International | Excellence In Corporate tax planning, compliances, consulting; the facilities offered extend to Middle East tax budgeting and company accountancy also. |
| Ernst & Young (EY) | Planning, Advisory and compliance of UAE Corporate Tax law with practical solutions |
| PwC Middle East | Recognized for Corporate Tax Compliance and Consulting Services. Specializes in Planning, Consultancy, and Budgeting Services for Corporate Taxation. |
| KPMG Middle East | Involved in Corporate Compliance, Planning, and Consultancy Services. Gave Middle East companies valuable insights into the regional corporate tax laws and provided financial advisory services. |
| BDO | A network that provides auditing, taxation, and consulting services in one firm for international businesses. Businesses audited by DFSA and ADAA were provided with high-level risk assurance solutions. |
| Grant Thornton | Focus on advising multinational companies and strengthening the payment structure of complex inter-group transactions. Provide advice on group tax implications for an efficient taxation structure. |
Key Services Offered by Top Corporate Tax Consultants
- Tax Services: Corporate Tax Consultants UAE specializes in Corporate Tax registration with the FTA and takes care of all the complexities attached to the registration process.
- Tax Compliance: Tax compliance ensures accurate tax filing, further ensuring avoidance of penalties.
- VAT and Excise Tax Services: The services offered include VAT and Excise Tax registration as well as other affiliated services. The team at Corporate Tax UAE assists the business in understanding and complying with the obligations of Value Added Tax and excise duty and also utilize available provisions to reduce the taxes payable.
- Tax Audit Support: Corporate Tax UAE will assist business entities to be ready for tax audits by providing businesses with assistance in all areas of audit preparation, including pre-audit activities, through the processes.
- Preparedness for Corporate Tax: - Consultants will prepare the companies for the tax registration process, filing, and compliance that would attract no kind of penalty
- Advisory on Tax: -Professional advice protects the business against non-compliance, and through which all the savings are availed.
- Representation Service: -Appeals, disputes, and direct representation before tax authorities
Seek the Expert Services of Premier Tax Consultants in UAE
Businesses in UAE are advised to seek the expert services of reputable Tax Consultants Dubai to meet corporate tax requirements and ensure compliance. Contact us today and we shall be glad to assist you.
Frequently Asked Questions
Are there penalties for Corporate Tax late registration?
Delaying registration beyond the stipulated time frame may result in financial fines by the FTA. Compliance should be well within time to avoid such fines.
How frequently do corporate tax returns need to be filed, and what documents need to be presented?
The filing of corporate tax returns is made annually within nine months from the financial year end. Required documents will include audited financial statements, revenue and expense records, and any applicable adjustments as per UAE corporate tax regulations.
Is it possible to revise tax returns after submission?
Yes, businesses can make amendments in the tax return submitted if there are any errors. But it has to be informed to the FTA as soon as possible. Any delay or failure in amendment may invite penalties.
What is the duration of a corporation tax assessment?
The FTA will, however, perform an assessment to validate the corporate tax return filing. In the case of a fraud or willful default, the FTA can assess within an extended time period from the end of the five years.
What if some discrepancies were found in the assessment?
Where there are discrepancies, FTA may review again or even send a penalty and request for further clarification. Here, the business has to correctly keep the records of their data in order to avoid such discrepancies.
Is there any facility for tax refunds or reductions for the companies?
Though there is no provision of refunds in the corporate tax system in UAE, the loss will be carried forward which can be set off against the taxable profit in future. Other options are also available for business enterprises to legally reduce their tax liability: maximization of deductions available under the law, utilization of tax exemption and application of transfer pricing legislation.
What consequences result from failing to pay corporate taxes?
The penalties for the same differ with the breach, whether late filing or wrong submissions or non-registration. Monetary fines or even litigation could include such penalties and therefore emphasize timely and proper processing of compliance.
How many firms benefit from corporate tax consultants?
These corporate tax consultants offer a bouquet of services consisting of tax compliance, return filings, planning, and even representation during audits or disputes. Their professional experience ensures the enterprise stays fully compliant with regulations and its taxes are optimized.
What does Corporate Tax Rate in UAE mean?
- 0%: Taxable income ≤ AED 375,000
- 9%: Taxable income > AED 375,000
Who is the Resident Person?
Business entities incorporated within the UAE; as well as individuals conducting business.
