• BAK Accounting & Auditing Services, Sharjah, UAE
  • info@bakauditing.com
  • Mon - Saturday : 9 AM to 9 PM

Corporate Tax Services in Dubai

Many corporations in the UAE have historically wanted zero income tax on their earnings. A federal corporate income tax (CIT) is set to be adopted on January 31, 2022, according to UAE's Ministry of Finance (MOF). This helps to meet international tax standards & follow some parallel movements in the neighboring Gulf states. Reducing costs for UAE firms supports start-ups and small businesses.


How can we help?

As your business tax consultant, we will assist you in assessing your tax situation and recommending the required actions to ensure that you comply with the law in a timely and efficient manner.

We Take Care
Impact Assessment
Implementation Planning

What We Do

BAK is an FTA-listed tax company that discusses the tax compliance risk with you.
We use business apps and robust cloud accounting to digitalize your business.
We are SMEs businesses experts with focused services & focus on KPIs that help you make better decisions & increase your business Valuable.

Corporate Tax Consultancy Services In UAE

VAT Registration is mandatory for those businesses, whose taxable supplies and imports exceed AED 375,000 per annum. Businesses can voluntarily register for VAT if their taxable supplies and imports exceed AED 187,500 per annum. Basically, a business can opt for any of the two types of UAE VAT Registration process:

  • Mandatory Registration

The threshold for mandatory registration of a business is AED 375,000. But this threshold is not applicable to foreign organizations.

  • Voluntary Registration

The threshold for voluntary registration of a company is AED 187,500.

A corporation’s earnings and net income are taxed by the corporation’s tax.

The UAE CT government will take impact on or after June 1, 2023.

  • If an organization’s financial year begins on January 1, 2023 and ends on 31 December 2023. The Organizations will be subjected to UAE CT on January 1, 2024.
  • Businesses with a (calendar) financial year begin on 1 July 2023 and end on 30 June 2024. This will be subject to UAE CT from 1 July 2023 (i.e., the first fiscal year beginning on or after June 1, 2023).
  • 0% on taxable profits – AED 375,000
  • 9% on taxable profits greater than AED 375,000

UAE CT will involve all UAE industries activities, this remains subject to Emirate class corporate taxation.

Multinational corporations are corporations that operate in and outside of their home country through branches, subsidiaries, or other forms of presence and/or registration abroad.

The UAE CT will apply to enterprises in free zones. However, the UAE CT regime will maintain the CT benefits effectively.

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