Tax Consultants in Dubai and the UAE

The United Arab Emirates are well known as a nearly tax-free jurisdiction, as there is no income tax and, thanks to accurate tax planning, almost no tax burden on business. Knowing the legal requirements for entrepreneurship in the UAE and planning tax implications can help businesses maximize their tax benefits.

These are the services rendered within Law & Tax advice in the UAE:

Verbal and Written Tax Advice

Doing business in the UAE requires knowledge of possible tax implications. This helps to forecast tax burden and choose the best way to optimize the tax strategy of your business in the UAE. Professional tax support for a company in the UAE is a key to a successful business.

Given the rapid development of the UAE tax system and its continuous improvement, it is mandatory to take into account and constantly monitor the changes of taxation system made by the Federal Tax Authority (FTA), the Ministry of Finance and the UAE Cabinet.

We are available to provide tailor-made consultations for your situation in two formats:

Corporate Tax Registration in the UAE

If you have:

• a company incorporated in the UAE;
• a foreign company that is operated from the UAE, or has a permanent establishment in the UAE, or derives income from real estate in the UAE;
• a business in the UAE that you run as an individual

It is obligatory to register for corporate tax in the UAE. The penalty for non-registration is AED 10,000.

VAT Registration in UAE

VAT registration in the UAE is required for companies whose amount of taxable deliveries exceeds AED 375,000. If it is over AED 187,500, registration is voluntary. VAT rate in the UAE is 5%. Some transactions may be subject to a zero rate or may be exempt from VAT.

Obtaining a Tax Residence Certificate for Individuals and Legal Entities in the UAE

UAE Tax Residence Certificate allows individuals and legal entities to benefit from incentives under double tax treaties, and may be required for compliance and KYC procedures with banks, brokers, other financial market organizations, counterparties, etc.

To obtain a UAE Tax Residence Certificate it is necessary to fulfill certain conditions and prepare a set of documents.

Interaction With UAE Tax Authorities

Interaction with tax authorities is now an inevitable part of doing business in the UAE. Timely and correct response to notifications and submission of the necessary reporting documents will help you avoid additional inquiries, fines and maintain the status of a bona fide taxpayer.

As part of communication with tax authorities, we provide the following services:

1. Monitoring of notifications from the UAE tax authorities and preparing necessary reports – from AED 900 monthly.
2. Updating data on the UAE Tax Authority website – from AED 1,300.
   It is necessary due to the annual (in most cases) renewal of company licenses in the UAE. Without this, for example, it is not possible to file tax returns. The fine for not having up-to-date data is between 1,000 and 5,000 AED.
3. Preparation and filing of corporate tax returns – from AED 1,600.
4. Preparation and submission of VAT return – from AED 1,600 (quarterly or monthly).
5. VAT refund – 15% of refund amount.

Remember: nonfulfillment of your reporting obligations can result in serious penalties. To ensure timely submission of reporting documents and save your time, please contact us.

Our tax lawyers in the UAE will help you:

• provide full tax support for your business in the UAE;
• improve your tax strategy in the UAE;
• determine tax implications for foreign investors in the UAE;
• determine the required level of economic substance for your company in the UAE;
• find the most effective tax relief in the UAE;
• identify UAE tax obligations for you and your company;
• ensure compliance with legal requirements for doing business in the UAE;
• avoid penalties in the UAE;
• interact with UAE tax authorities.