Corporate Tax Registration in the UAE: Everything You Need to Know
If you’re thinking about setting up a business in the UAE, one of the things that you need to know is corporate tax registration in the UAE. Don’t worry! YOUNIS HUSSEIN FOR AUDITING OF ACCOUNTS EST.is here to help you with what you need to know about tax registration in the UAE and what itmeans for your business.
UAE Corporate Tax Rate
In June 2023, the UAE government introduced a 9% corporate tax on business taxableincome exceeding AED 375,000 and zero % for taxable incomebelow that. This new corporate tax applies to most businesses operating in the UAE, so new business owners and entrepreneurs must know and comply with it.
What Happens If You Don’t Register?
If your business is required to register for corporate tax and you fail to do so, you could face some serious penalties. The UAE makes it easier to set up a new business and is serious about maintaining a business-friendly environment but will enforce its rules. If you don’t comply on time, the government can impose fines on your business, so it’s always best to stay on top of things register, and file your corporate tax return before the deadline.
How YOUNIS HUSSEIN FOR AUDITING OF ACCOUNTS EST.Can Help
The registration process and understanding tax laws can be intimidating, especially for new business owners. Hiring a tax consultant is recommended especially if it’s your first time filing or you’re setting up your business in the UAE to make sure everything is in accordance with the UAE law. At YOUNIS HUSSEIN FOR AUDITING OF ACCOUNTS EST, our tax consultants are experts in settling corporate tax liabilities.
We’ll make sure your business is always compliant and we’ll help you take the stress out of tax season. Let us handle the tax registration while you focus on growing your business. Contact us today and let’s make your new business fully set up for success in the UAE!
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