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CORPORATE TAX COMPLIANCE SERVICES UAE

Professional Corporate Tax Compliance Services Dubai, UAE

At Horizon Biz Consultancy, we understand the challenges that come with being a business owner. With so many responsibilities, it can be difficult to prioritize tax compliance and make sure your business is meeting all its obligations.

As a direct tax levied on a company’s net income or profits, it is crucial for businesses to stay up-to-date and in compliance with the latest rules and regulations.

As the UAE’s Corporate Tax regime is based on global best practices and will take effect for financial years starting on or after June 1, 2023, we are dedicated to providing tailored support and guidance to our clients. With our support, you can focus on what you do best – running your business.

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Services We Offer

Corporate Tax Registration

Starting June 1, 2023, the UAE business community will face corporate taxes. In order to prepare for these upcoming regulations, companies in the UAE need to take stock of administrative necessities, including tax registration, deregistration, filing corporate tax returns, and making payments. Consulting a corporate tax expert in Dubai like Horizon Biz Consultancy can ensure that companies gain a better understanding of compliance-related requirements and prevent substantial penalties in the future.

Early Corporate Tax Registration UAE

The UAE’s Federal Tax Authority (FTA) has launched the corporate tax pre-registration process for specific companies and entities. Businesses falling under this category must follow FTA guidelines and register for UAE corporate tax. It is essential to determine whether your business should register immediately or at a later time.

Companies with a financial year commencing in January 2023 are required by the FTA to register for UAE corporate tax. They will be invited via email and SMS to register on the EmaraTax platform.

For those companies that have received FTA invitations, early registration is available between January and May 2023. Dubai tax agents can provide assistance for corporate tax pre-registration.

Once the pre-registration phase concludes, the FTA will set a date for other companies and businesses to register for UAE corporate tax. When the registration date is announced, priority will be given to companies and businesses with a financial year beginning on June 1, 2023. The FTA guarantees sufficient time for fulfilling registration requirements and legal obligations.

This directive applies to all companies subject to UAE corporate tax, including those in free zones. Registration is mandatory for businesses, even if their taxable income falls below the AED 375,000 per annum threshold.

Businesses eligible for exemptions must also register for UAE corporate tax to enjoy the associated benefits. Expert Corporate tax consultants in Dubai at Horizon Biz Consultancy can support your business during the early registration process.

Corporate Tax Return Filing Services

Our corporate tax filing services generally include a range of activities to help businesses meet their corporate tax obligations and maintain compliance such as:

Tax Planning
Advising businesses on effective tax strategies, taking advantage of available deductions, credits, exemptions, and other tax-saving measures to minimize tax liabilities.

Preparation of Tax Returns
Accurately completing and submitting the required corporate tax returns and supporting documents, ensuring that all relevant information is reported in compliance with applicable tax laws and regulations.

Calculation of Tax Liabilities
Determining the correct amount of tax owed by the business, taking into account deductions, exemptions, and credits.

Tax Provision Calculation
Estimating and documenting the company’s current and deferred tax liabilities for financial reporting purposes.

Assistance with Tax Audits and Inquiries
Representing the business in communications with tax authorities, responding to audit requests, and providing supporting documentation as needed.

Compliance with Tax Regulations
Ensuring that the business meets all filing deadlines, payment requirements, and other tax-related obligations to avoid penalties and interest.

Corporate Tax Litigation

Our Corporate tax litigation services involve strategic advice to businesses facing tax disputes with the FTA, including audits, investigations, assessments. These services include:

Pre-litigation Analysis
Evaluating the merits of the tax dispute, identifying potential weaknesses and strengths, and providing advice on the likelihood of success in litigation.

Strategy Development
Formulating a tailored litigation strategy based on the specific facts of the case, taking into account the applicable laws, regulations, and case law.

Document Preparation and Review
Preparing and reviewing pleadings, briefs, motions, and other legal documents necessary for the litigation process.

Dispute Resolution Negotiation
Engaging with tax authorities to negotiate a settlement or resolution before litigation, if possible, to minimize costs and potential adverse outcomes.

Tax Controversy Monitoring
Keeping the business informed about developments in tax law and regulations that may impact the litigation or the company’s overall tax strategy.

Compliance Guidance
Advising the company on how to maintain compliance with tax laws and regulations during and after the litigation process to prevent future disputes.

Why Consider Horizon Biz Consultancy for UAE Corporate Tax Compliance?

At Horizon Biz Consultancy, we understand the importance of tax compliance for businesses in the UAE. That’s why we offer comprehensive corporate tax compliance services to help ensure that your business stays compliant with all local and international tax laws and regulations.

60+ Years’ Experience | Customized Solutions | Fast Turnaround | Cost Effective

Our team of experts will work closely with you to conduct an impact assessment, analysis and business process restructuring to ensure that your tax compliance systems are tailored to your company’s needs. With our years of experience and expertise in the field, you can trust that we will provide you with the best guidance and support to help keep your business on track.

So why wait? Contact Horizon Biz Consultancy today to learn more about our corporate tax compliance services and how we can help your business stay compliant and succeed.

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FAQs

Our services cover corporate tax registration, computations, documentation, declarations, filing returns, payments, assessments and any disputes.

We offer compliance support for corporate tax, VAT, excise tax, customs duty, individual tax and other UAE tax obligations.

 Yes, we help establish accounting systems, internal processes, document management protocols aligned to UAE tax compliance standards.

Through accurate tax computations, ensuring proper deductions/credits are availed, optimal corporate structuring, and claiming federal tax credits under treaties.

Absolutely, our team has extensive experience handling corporate/VAT tax assessments and audits on behalf of clients across industries.

There can be serious consequences like penalties, interest, legal action and even imprisonment. Our team helps avoid non-compliance.

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