Corporate Tax in UAE
Are you ready for UAE Corporate Tax

Even though the UAE Corporate Tax Law is yet to be finalised, the Ministry of Finance (MoF) has issued relevant guidelines and a consultation document to help businesses to start their preparations. Understanding the gravity of the situation, leading chartered accountants firms in Dubai such as HMA Auditing of Accounts start offering corporate tax services. HMA offers robust advisory on assessing the compliance requirements of the businesses.

By signing up with the top corporate tax consultants in the UAE, companies in the mainland and Freezone, can get assessed whether or not they fall within the scope of the tax, prepare the relevant documents and financial records, and how free zone companies will be taxed, understand the applicable tax rates, and know about exempted income, carry forward of losses, treatment of related party (group companies) and connected person transactions, withholding tax, allowable expenses, the cap on the interest, foreign tax credit, tax group formation, and other key requirements including tax payments, tax return filing and audit of financial statements. Getting to know the corporate tax requirements in the UAE will help businesses to ensure compliance and avoid relevant penalties and consequences. Complying with corporate tax in the UAE would also help companies to avoid significant penalties and maintain their reputation, trust and transparency amongst their investors and shareholders.