Corporate Tax Planning Services in the UAE

The corporate tax regime became effective on June 1, 2023, affecting the vast majority of businesses in the UAE. This change reinforced the country’s commitment to creating a transparent and fair economy, as well as its status as an internationally competitive and investor-friendly location.

All UAE companies, corporations, and organisations licensed to participate in commercial operations will be subject to UAE corporate tax, except those involved in the extraction of natural resources, which will continue to be taxed at the Emirate level.

Corporate tax will be levied on UAE companies’ earnings as reported in their financial accounts prepared as per globally recognised accounting standards, with few exclusions and adjustments.

Corporate tax planning entails using strategic financial management to reduce tax bills and maintain compliance with the UAE’s new federal corporate tax structure.

Proper business tax planning is essential for avoiding fines, maximising tax payments, and maintaining a competitive advantage. Proper planning makes sure that firms are ready for new regulations, avoiding the risk of financial and legal consequences.

The objective of corporate tax planning is to carefully manage tax liabilities, align business activities with regulatory requirements, and maximise possible exemptions and benefits. This improves financial stability and promotes long-term business growth.

How can Transacle help you?

Implementing effective corporate tax planning requires a diverse approach to understanding the technicalities of the UAE’s new tax legislation. At Transacle, we recognise that proper tax preparation is a strategic need that can bring significant benefits to your organisation. Here’s how we can help you:

• We begin by examining your present business structure and activities to discover areas for growth. Our professionals can help you develop beneficial entity structures, ensure tax-efficient supply chains, and adhere to transfer pricing and arm’s length pricing regulations.

• Our team additionally performs a gap analysis of your current tax capabilities and offers personalised solutions, such as upskilling your employees, conducting specialised training, or supplementing your team with our experienced tax professionals.

• We can also forecast the tax consequences of certain business activities, allowing you to make informed choices that are consistent with your long-term growth goals.

• Using our extensive knowledge of the UAE’s tax system, we discover and leverage applicable exemptions, deductions, and incentives to maximise your tax savings. To reduce your tax burden, our professionals map out all of the tax benefits, exemptions, and deductions available under the new UAE corporate tax legislation.

• As requirements change, we provide ongoing updates, guidance, and proactive methods for helping your company stay tax-efficient and compliant.

• Our tax planning services are customised to your business’s specific requirements, taking into account your industry, operations, and long-term goals.

• We work closely with you to create strategies that reduce tax bills while increasing lawful exemptions and advantages.

• With Transacle as your corporate tax planning partner, you can be confident that your tax solutions are carefully customised to your UAE company’s needs by our professionals.