Corporate Tax Assessment

What is a Corporate Tax Assessment in UAE?

Upon implementing corporate tax, it is essential to evaluate the amount of tax a company must remit to the government based on its revenue. This process includes calculating income, applying tax rates, and considering any eligible deductions or exemptions.

A corporate tax assessment is a structured procedure designed to evaluate and provide recommendations for businesses. It offers the opportunity to make necessary adjustments both within the individual business unit and across the organization. The primary outcomes of this assessment include establishing a foundation for effective tax planning, business restructuring, and ensuring robust compliance.

What Does Our Corporate Tax Assessment Cover?

Our tax professionals conduct a comprehensive financial review to evaluate your actual tax obligations. This includes:

Revenue & Expense Analysis: We assess your income streams and operating costs to determine taxable profits.
Assessment of Deductible Expenses: We ensure that all allowable deductions—like depreciation, salaries, and utility costs—are accurately applied.
Free Zone Entity Review: For free zone companies, we assess whether you qualify as a Qualifying Free Zone Person eligible for the 0% tax rate under the law.
Related Party & Transfer Pricing Review: We evaluate intra-group and related-party transactions to ensure compliance with transfer pricing rules and proper documentation

When Should You Conduct a Corporate Tax Assessment?

Before your first Corporate Tax Return is due
After your financial year-end, to determine payable taxes
When restructuring your business
Before opting for tax grouping or applying for reliefs

To prepare for a possible FTA audit or review

Corporate Tax Return Filing

Corporate tax returns filing is a legal obligation for companies operating in the UAE. Non-compliance with this requirement can lead to penalties and fines. With the recent announcement of UAE corporate tax legislation, companies are now preparing to submit their tax returns within the deadlines established by the Federal Tax Authority (FTA).

Corporate Tax was introduced by the Ministry of Finance, UAE, in January 2022, with implementation scheduled to commence on June 1, 2023, or by January 2024. The Corporate Tax Law stipulates a headline rate of 9%, with a 0% rate applicable to annual taxable profits up to AED 375,000. This regime incorporates internationally recognized best practices in taxation.

All taxable entities are required to register for Corporate Tax and obtain a Tax Registration Number. In certain instances, the tax authority may also require exempt entities to register for Corporate Tax.

Why Choose Hisab for Corporate Tax Assessment?

Certified Tax Experts – FTA-registered agents and seasoned financial professionals
100% Compliance Focused – Ensuring full adherence to UAE tax regulations
Customized to Your Business – Assessments tailored to your industry, structure, and revenue model
Accurate and Transparent Reports – Clear insights into your tax liabilities and planning options
Proactive Risk Mitigation – We help you avoid red flags that trigger FTA audits or fines

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Office Address

Harmain Building (SBK Real Estate Building - Office #52 - near Emirates Gas - Ajman Industrial 2 - Ajman

Phone Numbers

+971 52 278 6001

Email Addresses

Info@hisabtax.com