Taxation Services

Professionally handling taxes is vital for your business’s success in the UAE. Our full range of taxation services will make this process smoother and easier.

With our expertise, you can manage your tax responsibilities confidently and focus on growing your business. 

Our team provides tailored solutions based on your business needs and advises on effective tax management to reduce payments.

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Categories of Taxation in the UAE

The taxation regime in the UAE is categorized as follows:

Corporate Tax

As of June 2023, a 9% corporate tax applies to companies earning over AED 375,000 annually. Most companies still benefit from a 0% rate until they exceed this threshold. Foreign oil and gas firms are subjected to 55% tax, while foreign bank branches pay 20% tax. Dividends, capital gains, and intragroup transactions are tax-free.

Value-Added Tax (VAT)

Value-added tax is set at 5% in the UAE. It is usually paid quarterly within 28 days of the tax period, though specific rules may apply based on the nature of goods and services provided by the company. Opting for VAT accounting services in Dubai is crucial to handling it and ensuring your business compliance.

Excise Tax

Excise tax applies to products deemed harmful to health or the environment. The rates vary from 50% on fizzy drinks (except plain soda) and sugar-sweetened products to 100% on tobacco, energy drinks, and electronic smoking devices. Companies dealing with these products must register with the FTA and pay the tax quarterly.

Import and Export Tax

• Import tax is 5% of the cost, freight, and insurance value of goods. Many national products imported from the Greater Arab Free Trade Area are tax-free. Goods exported to Free Zones are also exempt from tax until sold in the local market. 

Taxation Services Benefits

Taxation consultancy services in the UAE offer the following benefits for your business:

Planning and Organization

Our tax advisors provide crucial information and plan for your business’s tax needs, including handling tax returns, organizing financial statements, and filing audited financial statements.

Providing Up-to-Date Information

We ensure to keep you updated with information on any changes in tax policies, which help select VAT schemes. In addition, we provide advice on effective tax management and strategies to minimize tax payments.

Business Structure and Strategy

Our advisors evaluate your business structure, develop strategies to avoid penalties and implement efficient practices to increase profitability and reduce costs.

Legal Compliance

We ensure your business's compliance with all relevant tax laws and regulations to avoid penalties and keep your business in good standing with tax authorities.

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What We Provide

At Maitha Alzaabi Auditing, we help our clients through all stages relevant to handling taxation in the UAE as follows:

• Comprehensive Taxation Services

We handle every step, including analysis, registration, and periodic return filing.

• Expert Advice

Our experienced team of accountants and auditors offers tailored solutions and advice for your business’s tax needs.

• Accurate Financial Tracking

Our accounting and bookkeeping services ensure precise tracking of financials.

Timely Tax Filing

We manage the timely filing of tax returns and ensure your business compliance with legal and regulatory requirements.

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Contact us today to partner with Maitha Alzaabi Auditing to ensure your business compliance with UAE tax law requirements.

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