Taxation Services
Corporate tax will be implemented in UAE from 1st June 2023 for all UAE businesses. We provide Taxation in UAE. Even though corporate tax is new to UAE, it’s not new to us. We have over 35 years of experience in handling taxes.
What we do
Comprehensive Taxation Services Tailored for Your Business
At SNS in the UAE, we provide a full suite of taxation services designed to address the specific needs of businesses. Our experienced team understands the complexities of local and international tax regulations, ensuring your business remains compliant while optimizing your tax strategy.
Professionals Services Since 1994
Our Taxation Services Include
99.9% Quality Services
- Tax Compliance : Ensuring your business meets all tax filing and regulatory requirements.
- Strategic Tax Planning : Crafting personalized tax strategies to minimize liabilities and maximize savings.
- VAT Management : Expertise in VAT registration, compliance, and filing.
- Tax Return Filing : Accurate and timely preparation of corporate tax returns.
- Audit Support : Guidance during tax audits and assessments.
Difference Between VAT and Corporate Taxes
Do you know that businesses who are registered for VAT would still need to register for corporate taxes.
Corporate Taxes
Direct tax on taxable income
Annual filling and payment
Paid directly to the government
0% and 9% based upon applicability
VAT
Indirect tax on sale of goods and services
Most of the time quarterly and payment
Collected from customer, then paid to
government
0% and 5% based upon applicability
Business achieve financial efficiency through Expert tax solutions.
Whether it’s filing tax returns, managing VAT, or implementing long-term tax planning, our goal is to reduce your tax liabilities and enhance your financial performance. With SNS, you can navigate the complexities of the tax landscape confidently and efficiently.
Who Must Pay Corporate Taxes in UAE ?
In UAE Federal tax structure is applicable to all business operations within UAE.
- Businesses and individuals conducting business activities under a commercial license in the UAE.
- Free zone businesses. However, there are special incentives if the freezone companies comply with regulatory requirements and if they don’t conduct business with UAE.
- Foreign companies and individuals only if their business is effectively managed and controlled in the UAE.
Tax Rates
| Resident taxable person | |
|---|---|
|
Taxable income up to AED 375,000 |
0% |
|
Taxable income over AED 375,000
|
9% |
| Free zone | |
|---|---|
|
Qualifying income |
0% |
|
Taxable income
|
9% |
Registration and Filing Returns
All taxable and exempted person who are required to register must be registered for corporate taxes and obtain corporate tax ID. Corporate taxes return must be filed within nine months after the conclusion if the applicable period and payment must be made with the same deadline.
Small Businesses Relief
The small business relief rule is aimed at supporting small businesses by reducing their compliance burden and cost. However, all small businesses would still be required to register and file a corporate tax return. If your business meets below threshold, you can be considered as a small business.
- Revenue should be less than AED 3 million in the relevant tax period.
- The applicability of this revenue threshold will start from 1st June 2023 till tax periods ending on or before 31st December 2026.
- Revenues should be calculated based upon IFRS.
- Carry forward tax losses are not allowed.
- Not applicable to a “qualifying free zone person”.
Why Choose Us?
SNS offers tailored financial solutions with a proactive approach, ensuring compliance, reducing costs, and optimizing efficiency. With personalized service and proven expertise, we are your trusted partner in driving business success.