The UAE introduced a federal corporate tax regime effective for financial years starting on or after 1 June 2023.
Key points to consider:
- Tax rates: 0 % on the first AED 375,000 of taxable income; 9 % on amounts above AED 375,000.
- Registration: All businesses—mainland and free-zone—must register with the Federal Tax Authority (FTA) via the EmaraTax portal, even if no tax is due.
- Filing deadlines: Annual corporate tax returns are due within nine months after the end of your financial year (e.g., year-end 31 Dec 2024 → return due 30 Sep 2025).
- Common challenges: maintaining IFRS-compliant records, correctly classifying income and expenses, and applying free-zone exemptions.
Engaging expert consultants can streamline documentation, ensure accurate filings, and mitigate audit risks.
Share your experiences:
- Which consultants or firms have you worked with in Dubai?
- What hurdles did they help you overcome?
- Any tips on optimizing costs or turnaround times?
For a turnkey solution and specialist support, click http://www.thevistacorp.com..