VAT & corporate Tax in Dubai, UAE

VAT Registration in Dubai, UAE

If you’re running a business in Dubai, VAT and Corporate Tax  are essential services that you need to avail yourself of to comply with the tax regulations set forth by the UAE government. At High Plan, we offer top-notch VAT  and Corporate Tax services with authorized auditors to help you stay on the right side of the law while also saving you time and effort.

Our VAT and Corporate Tax registration service includes assessing your business’s eligibility for VAT and Corporate Tax registration, preparing and submitting your VAT and Corporate Tax registration application, and providing ongoing support to ensure that your business remains compliant with VAT and Corporate Tax laws and regulations.

Optimize Your Business Success: Streamlined Tax Solutions Tailored for UAE Compliance

Elevate your business with impeccable tax solutions across diverse sectors. In the UAE, adherence to government-mandated tax laws is crucial for business owners. Enjoy a corporate tax rate of 0% for annual profits below AED 375,000 and 9% for profits exceeding AED 375,000.

Navigating tax regulations can be a time-consuming process, diverting attention from core business functions. Entrust us with the intricate tasks of corporate tax filing and management, allowing you to focus on your core competency – expanding and thriving in your industry. Let us handle the complexities; you concentrate on your company’s growth journey.

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Who needs to register for Corporate Tax in UAE?

Corporate tax in the UAE shall be imposed on the taxable income of businesses at the following rates:

  • A 0% corporate tax rate applies to taxable income up to AED 375,000
  • A 9% corporate tax rate applies to taxable income over AED 375,000
  • A 15% corporate tax rate applies to all multinational corporations subject to OECD Base Erosion and Profit-Sharing laws that belong within Pillar 2 of the BEPS 2.0 framework, i.e., combined worldwide revenues in excess of AED 3.15 billion.
Corporate TAX UAE

Documents Required for Corporate Tax registration

To initiate Corporate Tax registration in the UAE, businesses are required to submit specific documents through the online process. The necessary documents for Corporate Tax Registration in the UAE include

  • Valid copy of the Trade License.
  • Unexpired passport copies of the owners/partners/shareholders holding the license.
  • Unexpired Emirates ID copies of the owners/partners/shareholders holding the license.
  • Memorandum of Association (MOA) or Article of Association (AOA).
  • Contact details of the concerned person, including mobile number and email.
  • Comprehensive company contact details, including the full address and P.O. Box.
  • Corporate Tax Period information.

Additionally, it is crucial to be aware of the corporate tax fines and penalties imposed by the Federal Tax Authority (FTA) in the UAE. A penalty of AED 10,000 will be levied for late corporate tax registration. It is imperative for businesses to ensure timely compliance with the registration process to avoid these penalties. https://mof.gov.ae/corporate-tax/