Experts in UAE Corporation Tax Services
Corporation tax is a direct tax on business profits. In the UAE, managing these obligations is crucial for compliance and financial stability. At One Connect Business, we provide tailored corporation tax services to meet UAE businesses’ specific needs.
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Working of Corporation Tax in the UAE
Navigating financial compliance in the evolving UAE landscape can be challenging, especially with new regulations requiring all companies to register for corporate tax and maintain financial records according to International Financial Reporting Standards (IFRS).
- Quick Setup and fast implementation
- Tailored solutions that grow with your business
- Add payroll and VAT services as required
- Maintain low costs while optimizing financial management
- Ensure adherence to UAE's new financial regulations
One Connect Business for Corporation Tax
We customize our tax services to align with each business’s specific needs and objectives, delivering personalized solutions.
Frequently Asked Questions About Corporation Tax Services
Not all businesses in the UAE are subject to corporation tax. Under the new regulations, corporate tax applies only to taxable profits exceeding AED 375,000 annually. Businesses with earnings below this threshold are exempt from paying corporation tax but are still required to register for it.
We offer a full suite of corporation tax services, including tax planning, compliance, and filing. Our team ensures that your business complies with all regulatory requirements while making the most of any available tax benefits.
Corporation tax returns are typically filed annually. One Connect Business can assist in preparing and submitting your tax returns promptly to avoid any penalties.
Penalties for late filing or non-compliance can be significant and may include fines, interest on unpaid taxes, and potential legal actions. Our team ensures timely filing and full compliance to help you avoid these risks.
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In the event of a tax audit, we provide extensive support, including preparing necessary documentation, representing your business in discussions with tax authorities, and ensuring a smooth audit process.
To get started, reach out to us to schedule a consultation. Our expert tax advisors will assess your business’s needs and create a tailored tax strategy to ensure compliance and optimize your tax position.