MAF / Farhat Office & Co has been terrific in making sure that everything was done properly, smoothly and timely and I received my trading license and visa well ahead.
Fabrizio Balestrini
MD | Mistral Consulting DWC LLC.
With over 40 years of progressive experience, Tax Consultant Dubai(TCD) has emerged as an accredited and premier tax consultant in UAE. Our business tax advisors team is determined to furnish customized and holistic tax solutions, offering expert corporate tax advisory services that meet our clients’ distinct needs.
Tax Consultant Dubai, a brand of Farahat & Co. is an independent and accredited tax firm. We furnish streamlined Tax Advisory Services to individuals, entrepreneurs, SMEs, private investors, public bodies, and major international groups at varied stages of development. Our Tax Consultant Dubai are drawn from varying multidisciplinary industry backgrounds, hence enabling the firm to deliver premier and customized tax solutions. Coupled with a standing history and a firm relationship with UAE tax regulators, Farahat & Co. offers invaluable tax consulting services to its valued clients.
Tailored solutions provided by our expert team of corporate tax advisors enable companies to stay compliant while maximizing their tax plans. Being a reliable Tax Advisor UAE, we offer professional business tax advisory on corporate tax, VAT, and other legal requirements.
Ministerial Decision No. 82 of 2023 on the Determination of Categories of Taxable Persons Required to Prepare and Maintain Audited Financial Statements for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.
Ministerial-Decision-No.-82-of-2023-for-the-Purposes-of-Federal-Decree-Law-No.-47-of-2022
Small Business Relief for the Purposes of Federal Decree-Law
Corporate Tax in the UAE is a direct tax on the net income or profits of businesses. The headline rate is 9% on Taxable Income exceeding AED 375,000, while income below this threshold is taxed at 0%.
Registered corporations are compelled to adhere to the Federal Tax Authority’s regulations and standards to which noncompliance accrues hefty fines and penalties. To counter tax filing intricacies and to enforce compliance with the set Federal Tax Regulations, it is ideal to avail the services of warranted tax consultants. Farahat & Co. is a trusted and reputable tax service interface in the UAE, our tax expert team is determined to cultivate customized tax solutions that meet the client’s specific needs.
We conduct quarterly and annual corporate income tax reviews, and fiscal inspection simulations and mediate in all phases of tax inspections, (before the tax Authorities and Courts). This sets us as a premier and trusted point of conduct for corporate tax advisory services in the UAE.
Here are some advantages of using corporate tax advisory services in the UAE:
VAT is a consumption tax, applied to goods and services throughout the supply chain whenever value is added from production to the point of final sale.
Value Added Tax (VAT) filing is often a complex procedure for taxable persons. To combat this, Farahat & Co.’s certified tax agents offer and implement effective VAT strategies which are streamlined to varied business frameworks. We offer review for assessment of VAT deduction, VAT group implementation strategies, VAT refund assistance, VAT optimization for financial sectors, and pro-rata application. Further, Farahat & Co. furnishes VAT adjustments for capital goods, offers assistance regarding transfer of business, VAT deductibility concerning intra–group services, and enforcing tax due diligence. To add on, VAT optimization for financial sectors and pro-rata implementation is no exception to our premier VAT services.
The UAE government imposes indirect taxes on items that are detrimental to the health of human beings or the environment.
Excise tax UAE is a typical indirect tax that is imposed upon distinct goods that are commonly harmful to human health or the environment.
Businesses that import, stockpile, or produce excise goods from a designated zone in the UAE ought to register for excise tax. At Farahat & Co, we effectively assist clients with up-to-date solutions for registering and filing excise tax in compliance with the Federal Tax Authority regulations and standards.
Farahat & Co. offers accredited individual tax services. We furnish thorough tax inspections for individuals, prepare and submission annual individual tax statements, and conduct effective tax audits for high-net-worth individuals. Moreover, we conduct tax residency analysis, preparation and submission of related individual tax questionnaires, and issuance of tax residency certificates.
UAE taxable corporations and individuals to outsource accredited tax advisory services to stay compliant with the Federal Tax Authority’s regulations and standards and to avert penalties for tax hold-ups or non-compliance.
Our determined tax consultants in Dubai are qualified to strategize and implement customized tax solutions centered on meeting our client’s specific needs. Thus, contact us today to avail expert tax consultant services in UAE and we shall gladly assist you!
Seeking professional tax guidance in the UAE? Our team of experienced tax consultants offers comprehensive corporate tax advisory service and business tax consultancy services, designed to ensure compliance, reduce liabilities, and optimize your company’s tax strategy. With over 30 years of experience, we’ll ensure you always get the best service.
The corporate tax rate is as follows: