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Corporate Tax Health Check

Looking for an Authentic Company to Handle Your Matters Regarding the Corporate Tax in UAE? We can assist you in this process.

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The Corporate Income Tax on corporate profits will be implemented by the UAE's Ministry of Finance as of June 1st, 2023. Corporate Tax has received a great deal of interest worldwide since the announcement date.

UAE is the fourth GCC nation to implement the Corporate Federal Tax. The main goal of implementing Corporate Tax in the UAE is to strengthen the country's reputation as a major international economic hub and quicken the pace of transformation throughout the entire nation.

By avoiding detrimental tax practices, the corporation tax helps the UAE adhere to international standards for tax transparency. Understanding how corporate taxes affect a company's operations and how to comply with them can be challenging for organizations.

Also Read About Jaxa Is Now An FTA-Approved Tax Consultant in Dubai.

Performing a Health Check According to the UAE Corporate Tax Law

To comprehend the tax risks and the deficiencies in the accounting system that need to be rectified, an Impact Assessment and Health Check from a tax viewpoint is important. For the purposes of corporation taxation, a high-level impact assessment will ensure that a health check must be performed prior to the start of the first fiscal year and will concentrate on a number of key areas that need to be addressed. 

These consist of the following:

  • Analyze the ownership structure of the business
  • Determine which adjustments could be made without breaking GAAR
  • Examine the benefits and potential of tax group arrangements
  • Tax relief options
  • Determining if Free Zones are eligible for 0% business tax
  • Identifying gaps in accounting and financial reporting 
  • Reviewing current expenditures for potential disallowances and corrective actions
  • Examine current documentation practices to spot any shortcomings.

How Do We Deliver?

Our process of providing a health check is one of the best.

  • Assessment for Corporate Tax in UAE
  • GAP Analysis
  • Quality Controlled Delivery
  • Implementation.

What Distinguishes Our Service?

The following distinguishes us from others:

  • Experienced consultants
  • Legislation knowledge
  • Maximized responsibility
  • Implementation assistance.

UAE to Introduce Corporate Tax – So, Choose Us as Your Tax Consultant Now

The Jaxa team collaborates closely with you to comprehend the facts and offer tailored Dubai Corporate Income Tax solutions that meet your unique requirements. Our Corporate Tax in UAE expert schedules tasks to meet deadlines and reduce the likelihood that you will face penalties for failing to comply with statutory requirements. 

While you concentrate on building your business, we handle your taxes. Therefore, get in touch with us without any further delay.

Avail best quality Auditing and Accounting services from JAXA

The expert will help to tackle business issues by following proper Accounting and Auditing guidelines will also assist you to scale up your business. JAXA also provides various other services such as Tax Services, Payroll Services, Cash flow forecasting and many more.

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Jaxa Adviser

What we provide

  • We ensure that all the records are compliant to the International Financial Reporting Standards (IFRS)
  • We are registered and approved auditors in major free zones in Dubai making it easy to conduct audit in the free zone.
  • We have an experienced team of over 75+ employees and have an experience of 15+ years.
  • Over a decade of quality service has made us one of the most preferred auditing and accounting firms in Dubai.

FAQs

How might a health check benefit your company?

Planning and assessment will make sure that your company is ready to meet its requirements and take advantage of all available exclusions and reliefs to minimize your tax payment.

 

How can I find a trustworthy tax consultant in Dubai?

You should take into account aspects like their expertise, credentials, reputation, and costs when choosing the ideal tax consultant for your company. Choose a tax advisor with in-depth knowledge of the UAE tax code and a track record of delivering top-notch services.

Verify their credentials and certificates, and confirm that they are well-versed in your company and the sector. Get a sense of their reputation by reading reviews and recommendations from previous customers.

 

How does a tax expert assist in the preparation of corporate taxes in the UAE?

The preparation and filing of corporate tax returns by enterprises in the UAE are greatly aided by tax advisors. They can offer professional advice on how to reduce tax liabilities while abiding by the law because they have in-depth knowledge and awareness of the tax rules and regulations in the UAE.

Tax advisors can help firms find tax breaks, determine their taxable revenue, and timely and effectively file their tax filings. Additionally, they can represent companies in interactions with the tax authorities, such as audits and investigations.

 

What services are provided by a tax consultant in the UAE?

Tax representation, compliance, and planning are just a few of the services provided by tax advisors in the United Arab Emirates. By locating tax deductions and credits, structuring transactions, and assuring compliance with tax rules and regulations, they can assist businesses in reducing their tax bills.

Tax advisors can also represent firms in interactions with the tax authorities, such as audits and investigations, and help them prepare and file their tax returns appropriately and on time. They may offer professional guidance on intricate tax matters and help businesses create tax-efficient plans that complement their overarching corporate goals.