In June 2023, the UAE introduced a 9% corporate tax on business profits exceeding AED 375,000. This shift aligns with international standards and impacts nearly all businesses operating in the UAE.
Who Is Affected?
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All mainland companies.
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Free Zone companies, unless they qualify as a Qualifying Free Zone Person (QFZP).
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Multinational groups operating in the UAE.
Small Business Relief
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Businesses with revenues under AED 3 million can claim relief until 2026.
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Designed to support SMEs and startups.
Key Compliance Requirements
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Register with the FTA for corporate tax.
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Maintain proper accounting and financial records.
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File annual corporate tax returns.
Benefits of Professional Corporate Tax Advisory
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Minimize tax liabilities through legal exemptions.
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Avoid penalties from missed filings.
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Get tailored strategies to improve cash flow.
Conclusion
Corporate tax is new territory for UAE businesses. At Rovent Partners, we provide corporate tax registration, filing, and advisory services so you can stay compliant and tax-efficient.
