Corporate Tax

Corporate Tax

With the new corporate tax law in the UAE, many entities face difficulties in navigating unfamiliar laws and procedures. At Amer by MBS, our tax experts’ team can help you realize how corporate tax applies to your business operations, allowing you to take advantage of tax exemptions. In addition, we assist you in meeting the compliance deadlines on time to avoid penalties.

The UAE has facilitated Value Added Tax (VAT) in 2018, VAT is referred to as an indirect tax levied on goods and services amidst the manufacturing process and distribution. The standard VAT rate in the UAE is currently 5%. As a result, businesses in Dubai are required to register for VAT if their taxable suppliers exceed the mandatory registration threshold.

How Much is the Corporate Tax in the UAE?

The Ministry of Finance (MOF), a regulatory body in the UAE, has devised UAE corporate tax with a taxation policy with three different taxation tiers, that are:

• Businesses with a net profit of up to AED 375,000 per year have been subjected to a 0% tax rate.
• Businesses with a net profit above AED 375,000 per year have been subjected to a tax rate of 9%.
• Large multinational companies with global revenues exceeding EUR 750 million (approximately AED 3.15 billion) are required to pay a minimum corporate tax rate of 15%.

Through Amer by MBS, our corporate tax consultants in the UAE will assist you in processing Corporate Tax Registration, Filing CT Returns, and many more.

Additionally, we explain the updated regulations from the Federal Tax Authority to prevent your business from paying CT fines and penalties. For assistance related to UAE Corporate Tax, contact Amer by MBS today or visit our office for more clarifications.