Masar Legal Accounting Office offers the best corporate tax consulting in the UAE through specialists who deeply understand Dubai’s economic environment. This understanding ensures that companies remain fully informed about various tax laws, regulations, and systems.

The corporate tax consulting

The consultation provided, whether for corporate tax, value-added tax (VAT), or other types, is highly significant for several reasons:

• Tax laws can be intricate and confusing for non-specialists. Engaging experienced professionals is essential for achieving optimal results.
• Experts at Masar Legal Accounting guide clients in understanding their tax obligations. They assist in preparing information for various decisions, including registration and cancellation processes.
• Working with a specialized tax consultant ensures you are fully aware of the diverse obligations and responsibilities imposed on you. Consultants also help you devise appropriate tax strategies based on applicable regulations.

Exempt entities from corporate fax

After explaining the importance of corporate tax consulting in details, the following are the entities exempt from this tax:

• Companies involved in extracting natural resources, as they are subject to local emirate-level taxes.
• Multinational corporations, provided they meet international agreement conditions.
• Personal income from employment, as long as it is not derived from freelance work, business participation, or licensed economic activities.
• Income from real estate investments for individuals, as long as it falls under personal ownership and does not constitute a commercial activity requiring a real estate license.
• Profits from personal investments, such as stocks, securities, and interest earned from savings accounts or deposits.

Corporate tax rate in the UAE

Masar Legal Accounting Office assists in clarifying corporate tax rates for various categories, as follows:

• A 9% tax is imposed on companies whose profits exceed 375,000 AED.
• A 9% tax is also applied to income from professional activities or freelance work surpassing the same threshold.
• Companies involved in extracting natural resources are subject to specific taxes determined by their respective authorities.
• Tax rates for multinational corporations vary based on factors such as business activity, transaction volume, and equity ownership.

Objectives of corporate tax consulting in the UAE

The UAE government aims to achieve several goals by imposing taxes on corporations, including:

• Supporting diverse investment activities and their headquarters.
• Expanding corporate operations within the UAE.
• Ensuring the free flow of funds in trade, services, and finance.
• Addressing challenges posed by the digitalization of the global economy.
• Preventing tax base erosion.

Preparing for corporate tax registration

Masar Legal Accounting provides detailed information on how to prepare for tax registration, including:

• Preparing updated financial reports to confirm income thresholds.
• Providing company details such as legal structure, business activities, and ownership information.
• Submitting documentation detailing tax payments.
• Providing contact information, including the company’s address and details of the responsible person.

In conclusion, corporate tax consulting encompasses the types of entities to which the tax will apply, including foreign and local entities. However, companies operating in free zones enjoy certain specific benefits in this regard.

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