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What you need to know now
Choose Corporate Tax support around the work your business needs: entity classification, reliable accounts, a tax computation, elections, return preparation and evidence for positions taken.
The original article is preserved below as a historical record. Earlier deadlines, rates, offers and approval statements should not be used as current guidance.
- A consultation should start with your actual legal structure and activities.
- The FTA administers Corporate Tax through EmaraTax.
- Ask for a written scope and review process before filing.
Choose support for the decision you face
A business seeking a consultant may need help with a specific transaction, an overdue registration, its first return or an ongoing compliance process. Explain that need at the start rather than selecting a service only because it uses the words Corporate Tax. Share the entity structure, activities and period involved. The original 2022 post predates the operating regime; today’s engagement should address current records and decisions rather than treating the business as still preparing for a future tax launch.
Ask for a defined review process
A useful proposal identifies the information requested, assumptions, deliverables and review stages. Clarify whether the work includes bookkeeping corrections or assumes completed accounts, and whether advice on special transactions is included. Agree who will approve the computation and submit the return. This prevents a gap where both parties think the other is responsible for a deadline. Tax advice should be supported by the applicable authority and facts, not presented as a guaranteed saving or penalty-free outcome.
Prepare information that makes advice useful
Provide formation and licence documents, financial year details, the trial balance or financial statements and a list of significant or related-party transactions. Explain overseas operations, unusual receipts and any Free Zone treatment being considered. A short description of how the business earns income can be more useful than a large unlabelled document folder. Identify uncertain or missing records early so the adviser can distinguish an unresolved factual issue from a question about how the law applies.
Keep control of the final position
Management should understand the material assumptions and approve the final work before submission. Keep the computation, advice, supporting schedules and acknowledgement in the business’s own records. Where formal tax representation is part of the engagement, verify the relevant status and appointment separately rather than inferring it from a consultant title. Review the arrangement when the business changes, including new activities or ownership, so the advice remains connected to the actual operations and does not become a static report that is reused without review.
YOUR NEXT STEPS
A practical way forward
- 01
Explain the business
Describe revenue streams, ownership, overseas operations and related parties.
- 02
Agree deliverables
Specify whether registration, computation, filing or ongoing advice is included.
- 03
Approve the outcome
Review assumptions and approve the final submission.
CLEAR ANSWERS
Frequently asked questions
Should a new company wait for its first profit to seek advice?
No. Review registration and record keeping from the start of operations.
What does a tax computation show?
It explains how the accounts are adjusted to arrive at taxable income and tax payable.
Read the original article First published 13 July 2022 · retained for context
This earlier article is preserved for context. Its rates, deadlines, approvals and announcements may have been superseded. Use the current guidance and official references on this page for your next step.
Corporate Tax Consultant in Dubai : Our company assists businesses in the UAE in complying with their corporate tax obligations. Our team of tax professionals has extensive experience in helping businesses understand and comply with the tax laws. Our Corporate tax consultants provide you with clear and current advice on business tax issues in Dubai, UAE. As a result of our experience and knowledge in this field, we are trusted by our clients with their CT compliance requirements.
Our team of experts examines your company, its products and services, and your business transactions in detail. Our company performs company tax calculations based on what we know, and we ensure that they are in compliance with the law. Since we have worked with clients in a variety of industries and are focused on achieving results, we are able to ensure that your business pays the right amount of taxes.
Corporate Tax Consultant in Dubai – Corporate Tax in UAE
The Ministry of Finance has announced the introduction of a 9% federal corporate tax in the UAE on business profits with a threshold of AED 375,000. This comes into effect from the financial year beginning 1st June 2023.
UAE Corporate Tax is amongst the most competitive in the world and the lowest in the GCC. The UAE CT is a Federal tax and will therefore apply across all Emirates and The Federal Tax Authority will be responsible for the administration, collection, and enforcement of UAE CT.
Corporate Tax Consultant in Dubai : FAQ
What is Corporate Tax?
Corporate Tax is a form of direct tax levied on the net income or profit of corporations and other businesses.
Corporate Tax is sometimes also referred to as “Corporate Income Tax” or “Business Profits Tax” in other jurisdictions.
Why is the UAE introducing CT?
A competitive CT regime based on international best practices will cement the UAE’s position as a leading global hub for business and investment, and accelerate the UAE’s development and transformation to achieve its strategic objectives
Introducing a CT regime reaffirms the UAE’s commitment to meeting international standards for tax transparency and preventing harmful tax practices
Will any income be exempt from UAE CT?
Dividends and capital gains earned by a UAE business from its qualifying shareholdings will be exempt from UAE CT
Contact us: +971 4 4518600 | info@dubaivat.com
Related: VAT UAE
VERIFY THE DETAIL
Official sources & further reading
Source checks support this general guide. Your treatment depends on the facts, tax period and applicable legislation.
