Tax Planning & Advisory in UAE
In January 2022, The Ministry of Finance announced that the UAE government will be implementing Federal Corporate Tax (CT) on the net profit of businesses. The Corporate Tax in UAE will be effective from the 1st of June 2023. Corporate Tax or Corporate Income Tax or Business Profits Tax will be applicable on or after the 1st of June 2023 depending on the financial year followed by the businesses, and from there on, all over the country, every business apart from the exempted group will be subjected to CT. Corporate tax is a type of direct tax imposed on net income. At present, the UAE has recorded the lowest tax rate of 9%compared to other GCC countries. On recalling the G7 countries’ meeting in 2021, the Gulf countries entered into an agreement where a global minimum corporate tax return of 15% was introduced. The United Arab Emirates chose 9% over 15% to reduce its direct impact on entrepreneurs. Business entities are the ones subjected to this direct tax, while individuals’ earning income in their personal capacity, which does not require a commercial license, is not taxable
At Bookbliss Finance Consultancy, our tax planning and advisory services are designed to help businesses reduce tax liabilities while ensuring full regulatory compliance.
Our Key Services:
- Strategic Tax Planning: Optimize your business structure and transactions for maximum tax efficiency.
- Compliance Advisory: Stay updated and aligned with corporate tax, VAT, and excise regulations.
- Corporate Tax Support: From registration to impact analysis and deductions, we guide you through every step.
- VAT & Excise Optimization: Plan input-output taxes, apply for refunds, and explore exemptions.
- International Tax Advisory: Cross-border planning, transfer pricing, and treaty benefits.
- Transaction Advisory: Tax-efficient structuring for mergers, acquisitions, and business deals.