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Litrix Business Solutions DMCC is a leading provider of corporate tax services in the UAE and Dubai. With a team of highly skilled tax consultants, we offer a comprehensive range of services, including audit services, internal audits, accounting and bookkeeping, VAT services, and more.
With a strong understanding of local tax regulations and practices, we provide tailored solutions to help businesses navigate the complexities of corporate tax in Dubai. Our experienced consultants work closely with clients to optimize tax strategies, ensure full compliance with applicable laws, and minimize tax liabilities.
The UAE has become known for its business-friendly environment, drawing investors and entrepreneurs from around the world. Currently, corporate tax in the UAE is applicable only to specific sectors, including oil, gas, petrochemicals, and foreign bank branches.
Since January 2018, the UAE has implemented a 5% Value Added Tax (VAT) on most goods and services. However, the overall tax burden for businesses remains relatively low compared to other countries, maintaining the UAE’s appeal as a prime destination for businesses seeking tax-efficient structures.
As one of the seven emirates that make up the UAE, Dubai follows the same corporate tax registration framework as the rest of the country.
In addition, Dubai has established numerous free zones that provide additional tax incentives and benefits for businesses operating within these areas. Companies in free zones are typically exempt from import and export duties and enjoy advantages such as 100% foreign ownership and the ability to repatriate profits.
Businesses in the UAE need corporate tax services to ensure compliance, maximize tax benefits, mitigate risks, streamline processes, and receive expert guidance for strategic tax planning. Partnering with professional tax consultants, audit firms, and accounting firms in Dubai can offer valuable insights, helping businesses navigate tax complexities, manage reporting requirements, and enhance their overall financial success through effective Corporate Tax Impact Assessments.
Corporate tax services in the UAE help businesses navigate the complex tax laws and regulations set by the government, ensuring compliance and minimizing the risk of penalties and legal complications.
Corporate tax consultants in Dubai have extensive knowledge and expertise in local tax laws, allowing them to offer precise guidance and support in tax planning and preparation.
By utilizing corporate tax services, businesses can uncover potential tax deductions, credits, and incentives, maximizing savings and optimizing their financial resources.
Internal auditors in Dubai assist businesses in identifying and managing tax-related risks, ensuring compliance and reducing the potential for financial or reputational damage.
Auditing firms in Dubai offer effective tax management solutions, streamlining tax processes and easing the administrative burden on businesses.
Corporate tax services in the UAE help businesses navigate complex tax laws and regulations, ensuring compliance and minimizing the risk of penalties and legal issues.
According to the Ministry of Finance in the UAE, the Corporate Income Tax rates are outlined as follows:
Several entities in the UAE are exempted from corporate tax. These include:
Our corporate tax services in UAE and Dubai include advising clients on the available exemptions and helping them determine whether their organization qualifies for any of these exemptions.
Under the UAE Corporate Tax Law, a resident entity is defined as a company that is either registered in the UAE or has its main management operations conducted within the country. Resident entities are required to pay corporate tax on their worldwide income. In contrast, non-resident entities are only taxed on income generated from sources within the UAE.
Tax consultants at Litrix Business Solutions DMCC in Dubai can assist businesses in determining their residency status and ensuring full compliance with the UAE Corporate Tax Law.
Certain types of income are exempted from corporate tax in the UAE, including:
Our corporate tax services in the UAE and Dubai include advising clients on income exemptions under corporate tax law and assisting in structuring business operations to minimize tax liabilities.
All businesses liable for corporate tax in the UAE are required to register with the relevant tax authority and obtain a Tax Registration Number (TRN).
The registration process involves submitting an application along with necessary documents, such as the company’s trade license, articles of association, and proof of residency.
Litrix Business Solutions DMCC tax consultants in Dubai can guide businesses through the registration process and ensure full compliance with the UAE Corporate Tax Law.
The UAE has implemented a federal tax system that is applicable to all businesses and commercial activities operating within the seven emirates. However, there are specific cases where exceptions apply:
A company’s taxable income is determined by subtracting allowable expenses and exemptions from its gross income. Allowable expenses can include operating costs, depreciation, and interest on loans, among others.
At Litrix Business Solutions DMCC, our corporate tax services in the UAE and Dubai assist businesses in calculating their taxable income, while advising them on available deductions and exemptions to help reduce their tax liabilities.
In the UAE, affiliated companies can form a tax group to consolidate their tax liabilities, streamlining the tax compliance process. Litrix Business Solutions DMCC tax consultants in Dubai can help businesses assess their eligibility to form a tax group and guide them through the required documentation and procedures.
Businesses subject to corporate tax in Dubai must file their tax returns and make the required tax payments by the specified deadlines. Failure to comply can lead to penalties and fines. Litrix Business Solutions DMCC provides comprehensive corporate tax services in the UAE and Dubai, assisting businesses with tax return preparation, filing, and ensuring timely tax payments.
In conclusion, Litrix Business Solutions DMCC is your one-stop solution for all corporate tax needs in the UAE and Dubai. Our team of experienced tax consultants is dedicated to delivering top-notch service, ensuring your business stays compliant with the region’s evolving tax laws and regulations.
Managing VAT obligations is essential for every business. VAT considerations can significantly impact various business changes, such as launching new services, introducing new transactions, or restructuring the supply chain. Relying solely on in-house VAT expertise may not be sufficient to effectively navigate these impacts.
Our VAT advisory services in Dubai provide comprehensive support for all VAT-related matters. With a team of qualified and experienced tax agents, we offer expert guidance on your VAT concerns. We focus on delivering client-centric advisory services through a dedicated VAT team, offering a wide range of VAT-related solutions. Our tax advisory services in Dubai include specialized reviews of your business’s current tax position, ensuring legal compliance and providing tailored advice to optimize your VAT strategy.
Our qualified tax advisors, tax accountants, and finance experts work on VAT advisory, implementation, tax optimization, and relate training services.
Based on the first step, our team implements changes in IT system and throughout the organization,
For small SMEs, we can provide a set-up of a simple accounting systems and implementation of VAT rules, through our outsourced accounting services.
For larger SMEs, we can assist your finance team with the implementation and provide outsource CFO or Finance Manager Services on a monthly basis in order to strengthen your team.
Adapting to change can be challenging, which is why we offer tailored VAT training to support your transition into VAT compliance. Our VAT advisory services in Dubai provide comprehensive post-implementation support and guidance throughout the entire process, ensuring a smooth and successful transition.
Litrix Business Solutions DMCC is a trusted, approved VAT and tax advisory service provider in the UAE. Our VAT advisory services in Dubai are designed to help businesses navigate the complexities of VAT, from registration to compliance.
We ensure your business is fully VAT-ready with services including VAT registration, VAT return filing, VAT audits, and comprehensive tax advisory support. With years of expertise, we have established ourselves as a reliable partner for businesses in the corporate and financial sectors. Our hands-on approach and personalized attention set our VAT advisory services in the UAE apart from other providers.
Here are some common questions about Corporate Tax
The Ministry of Finance made an announcement in January 2022 stating that federal Corporate Tax (CT) would be implemented on the net profits of businesses. The tax was made applicable after June 1, 2023, that will be applicable throughout all the emirates in the United Arab Emirates.
Litrix can help your company develop effective tax strategies to minimize tax liabilities and optimize your tax position. We can conduct tax planning, provide advice on tax incentives and exemptions, and assist with tax compliance to ensure your company meets all regulatory requirements.
Yes, Litrix has experience in handling tax audits and disputes. We can represent your company during tax audits, assist with preparing necessary documentation, and provide guidance on resolving tax disputes in an efficient manner.
Tourists should pay VAT, when they purchase anything within UAE, however they can avail refund on VAT on certain purchases while leaving UAE. Such refund is provided by retailers participating in the ‘Tax refund for tourist scheme’
Our VAT advisory services in UAE include a wide range of services like analyzing current tax positions and related advisory, drafting documents and stay up-to-date with legal compliance, on-going VAT advisory, update and assistance. We guide you on all VAT related matters.
