Dubai,  Abudhabi,  United Arab Emirates
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Corporate Tax

The Introduction of Corporate Tax will be effective from 1 June 2023 with a standard rate of 9% for businesses earning above AED 375,000. The UAE corporate tax law includes world-class taxation practices focused to develop the country's economy, helping businesses to meet international standards, and preventing illegal tax practices.

Corporate Tax UAE start date

The CT will be applicable for financial years starting on or after 1 June 2023.

• Any company that adopts a fiscal year starting on 1 June 2023 and ending 31 May 2024 will be subject to CT starting 1 June 2023. The first tax return filing is likely to be due towards the end of 2024.

• Any company that adopts a calendar year starting 1 January 2023 and ending 31 December 2023 will be subject to CT starting 1 January 2024 and filing is likely to be due towards mid-2025.

Corporate Tax Return Filing in UAE

A Taxable Person should file a Corporate Tax return for every tax period within 9 months from the end of a specific period. This deadline is applied for paying the Corporate Tax due in terms of the Tax Period for which a return is filed. There will be corporate tax fines and penalties in UAE if one does not stay compliant with the regulations of Corporate Tax set by the Ministry of Finance and the Federal Tax Authority.

JBC PMS will be covering all the elements of Corporate Tax. Our highly professional and experienced corporate tax consultants will assist you in implementing corporate tax strategies in the most effective way.

JBC PMS is offering the following Corporate Tax Services in UAE:
. Corporate Tax Assessment
. Corporate Tax Registration
. Corporate Tax Return Filing
. Corporate Tax Accounting
. Corporate Tax Compliance
. Corporate Tax Consultancy