Tax Consultants in Dubai, UAE | Corporate Tax Advisors

Best Tax Consultant in Dubai

With more than 40 years of extensive experience, Tax Consultant Dubai (TCD) has established itself as a recognized and leading tax consultant in the UAE. Our team of business tax advisors is committed to providing tailored and comprehensive tax solutions, delivering expert corporate tax advisory services that cater to the unique requirements of our clients.

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40+

Years of Experience

150+

Countries Covered

30,000+

Clients Served

120+

Awards Received

Top-Rated UAE Corporate Tax Services: Expert Solutions

Tax Consultant Dubai, a division of Farahat & Co., is a recognized and independent tax firm. We provide efficient Tax Advisory Services to a diverse clientele, including individuals, entrepreneurs, SMEs, private investors, public entities, and large international organizations at various stages of their growth. Our Tax Consultant Dubai team comprises professionals from diverse multidisciplinary backgrounds, allowing us to offer exceptional and tailored tax solutions. With a solid history and strong relationships with UAE tax authorities, Farahat & Co. delivers invaluable tax consulting services to our esteemed clients.

Our expert team of corporate tax advisors offers customized solutions that help companies remain compliant while optimizing their tax strategies. As a trusted Tax Advisor UAE, we provide professional business tax advisory services covering corporate tax, VAT, and other legal obligations.

Ministerial Decision No. 82 of 2023 regarding the Classification of Taxable Entities Obligated to Prepare and Sustain Audited Financial Statements in Accordance with Federal Decree-Law No. 47 of 2022 on Corporate and Business Taxation.

Ministerial-Decision-No.-82-of-2023-for-the-Purposes-of-Federal-Decree-Law-No.-47-of-2022

Small Business Relief for the Purposes of Federal Decree-Law

Ministerial Decision No. 73 of 2023 – for publishing -Small Business Relief for the Purposes of Federal Decree-Law

Corporate Tax Advisory Services in Dubai, UAE

Corporate Tax in the UAE refers to a direct tax imposed on the net income or profits of businesses. The standard rate is 9% on Taxable Income that exceeds AED 375,000, while income below this threshold is subject to a 0% tax rate.

Registered companies are required to comply with the regulations and standards set by the Federal Tax Authority, as failure to do so can result in significant fines and penalties. To navigate the complexities of tax filing and ensure adherence to the Federal Tax Regulations, it is advisable to engage the services of qualified tax consultants. Farahat & Co. is a reputable and reliable tax service provider in the UAE, and our team of tax experts is committed to developing tailored tax solutions that address the specific needs of our clients.

We perform quarterly and annual reviews of corporate income tax, conduct fiscal inspection simulations, and assist in all stages of tax inspections, whether before the tax authorities or in court. This positions us as a leading and trusted provider of corporate tax advisory services in the UAE.

Value Added Tax (VAT) Services

VAT is a tax on consumption, levied on goods and services throughout the supply chain whenever value is added, from production to the final sale point.

Filing for Value Added Tax (VAT) can often be a complicated process for those liable to pay it. To address this challenge, Farahat & Co.’s certified tax agents provide and implement effective VAT strategies tailored to various business models. We offer assessments for VAT deduction reviews, strategies for VAT group implementation, assistance with VAT refunds, optimization of VAT for financial sectors, and pro-rata applications. Additionally, Farahat & Co. provides VAT adjustments for capital goods, support regarding business transfers, guidance on VAT deductibility for intra-group services, and enforcement of tax due diligence. Moreover, VAT optimization for financial sectors and pro-rata implementation are integral parts of our top-tier VAT services.

Excise Tax Services 

The UAE government levies indirect taxes on products that negatively impact human health or the environment.

Excise tax UAE is a standard form of indirect tax applied to specific goods that are generally harmful to human health or the environment.

Companies that import, store, or manufacture excise goods from a specified area in the UAE are required to register for excise tax. At Farahat & Co, we provide our clients with effective and current solutions for registering and filing excise tax in accordance with the regulations and standards set by the Federal Tax Authority.

Individual Tax Services

Farahat & Co. provides certified personal tax services. We carry out comprehensive tax assessments for individuals, prepare and submit annual personal tax returns, and perform efficient tax audits for high-net-worth clients. Additionally, we conduct tax residency evaluations, prepare and submit associated individual tax questionnaires, and issue tax residency certificates.

Avail Tax Advisory Services in UAE Today!

Corporations and individuals in the UAE are required to engage accredited tax advisory services to ensure compliance with the regulations and standards set by the Federal Tax Authority, thereby avoiding penalties associated with tax delays or non-compliance.

Our dedicated tax consultants based in Dubai are equipped to devise and execute tailored tax solutions that focus on fulfilling the unique requirements of our clients. Therefore, reach out to us today to benefit from expert tax consulting services in the UAE, and we will be more than happy to assist you!

Free Consultation

Looking for expert tax advice in the UAE? Our skilled team of tax consultants provides thorough corporate tax advisory services and business tax consultancy, aimed at ensuring compliance, minimizing liabilities, and enhancing your company’s tax strategy. With more than 30 years of experience, we guarantee you will receive top-notch service.

Q1. What is UAE Corporate Tax?

No tax is applied on Taxable Income of AED 375,000 or less. Qualifying Income is exempt from tax. A tax rate of 9% is imposed on Taxable Income that does not qualify as defined in Cabinet Decision No.55 of 2023.

Q2. What is the Sole Purpose of Introducing Corporate Tax in the UAE?

The Corporate Tax reinforces the UAE’s position as a significant global hub for business interests; additionally, it accelerates the country’s progress towards fulfilling its primary policy objectives. The implementation of the Corporate Tax framework advances the UAE’s commitment to meeting international standards for tax accuracy and preventing negative tax practices.

Q3. Is the Corporate Tax Enforceable to Businesses in all the UAE Emirates?

The scope or enforceability of the UAE Corporate Tax extends to all the UAE Emirates; it is a deemed Federal Tax.

Q4. Who Are the Persons Subject and Exempt from the UAE Corporate Tax?

The Corporate Tax in the UAE is applicable to all businesses and commercial activities within the UAE that reach the specified threshold. However, the extraction of natural resources is exempt from this tax, as it is expected to continue being taxed at the Emirate level.

Q5. How Is the subject Net Income Tax Calculated under the UAE Corporate Tax?

The taxable income refers to the net profit or net income derived from a pertinent business activity; this is the figure disclosed in the financial statements, which are prepared in complete accordance with the established accounting standards.

Q6. What Is the UAE Corporate Tax Rate?

The corporate tax rate is outlined below: A 0% margin applies to taxable income up to AED 375,000. A 9% rate is applicable for taxable income exceeding AED 375,000.

Q7. Is a Private Person’s Salary / Income Subject to UAE Corporate Tax?

The UAE corporate tax is not enforceable on private person’s salaries and alternative employment sources of income.

Q8. Is Income Earned by a Foreign Investor Subject to the UAE Corporate Tax?

The Corporate Tax in the UAE does not apply to the income of foreign investors derived from capital gains, interest, dividends, and royalties.

Q9. Is the UAE Banking Sector Subject to the UAE Corporate Tax?

The UAE banking sector’s operation is presumed subject to the Corporate Tax in the UAE.

Q10. Under the UAE Corporate Tax Regime, is the Real Estate Sector Subject?

UAE businesses which carry out real estate management, construction, development, agency and brokerage activities are subject to the UAE Corporate Tax.

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