CT implementation is an important stage because of its long-term effects and to stop routine modifications to processes and policies. Though it is similar to a CT Health Check, but Health Check is only a part of the complete process.
A health check helps identify any inherent flaws and unneeded tax exposure, but this is simply the first step in taking corrective action and switching your company's operating procedures, accounting standards, and policies over to a CT regime. It is not advised to overhaul an existing system on a regular basis because it is not a simple operation.
The following key areas will be covered by our services as part of the Corporate Tax Implementation in UAE:
- Review of current legal agreements and contracts and implementation of necessary changes in the context of CT
- Bring present accounting practices into compliance with CT regulations by making the necessary changes
- Implement adjustments to the current accounting system to address shortcomings
- Implement tax governance structures for compliance-related issues
- Where possible, make changes to the legal framework
- Obtain CT clarifications as needed.
Applicable Rates for the UAE Corporate Tax Implementation
One of the most affordable company tax rates in the Middle East is found in the United Arab Emirates. Utilizing corporate tax advisory services in Dubai will assist business owners in understanding the corporate tax rate that applies to their particular business model.
The annual taxable income of firms will be subject to the following treatment by the UAE:
- For taxable income up to AED 375,000, 0%
- 9% of taxable income over AED 375,000 is taxed.
Also Read About Jaxa Is Now An FTA-Approved Tax Consultant in Dubai.
All About the UAE Tax Implementation Services
We can help businesses comply with UAE Corporate Tax laws by providing services like:
- A UAE corporation Tax Audit will reveal the effects of the proposed corporate tax law.
- UAE Corporate Tax Return Filing Following Law Implementation
- Possibility of a company's position being contested in tax matters
- Corporate tax is paid.
- Corporate Tax Refund.
Compliances After Implementation
The goal of post-implementation services is to guarantee ongoing compliance with Corporate Tax in the UAE Law's compliance obligations. This is essential to ensure that the modifications made during the implementation phase are working without problems and that tax laws are consistently followed.
The following significant areas are covered by our post-implementation services:
- Support for Tax Accounting;
- CT Registration;
- Tax Group Registration;
- Periodic Review/Supervision of Accounting and Financial Reports;
- Interim health assessment to ensure ongoing policy adherence
- CT calculations and filing of annual returns
- Year-end statutory audit to supplement CT returns
- Ongoing discussions around FTA tax assessments
- Tax audits for business management to spot early non-compliance.
Why Choose Jaxa as Your Trusted Corporate Tax Consultant in the UAE?
With many years of expertise offering top-notch tax services to companies in the UAE, Jaxa is a renowned tax consulting firm in Dubai. We have a group of very skilled and knowledgeable tax advisers that are well-versed in the tax rules and laws of the United Arab Emirates.
Jaxa provides a wide range of tax services, including representation, compliance, and planning, that are catered to the individual requirements of their clients. Our clients can count on a high degree of professionalism and attention from us, and we are dedicated to offering transparent and reasonably priced services.
Jaxa is a great option for companies looking for dependable and skilled tax consultancy services in Dubai because of its solid reputation and tracks record of producing amazing outcomes. Contact us to avail of our services for Corporate Tax Implementation in UAE.
