Corporate Tax Planning

The new corporate tax in UAE will bring several changes to your business, and you must be prepared for them. The business systems, technology, processes, and employees must be ready for adjustments and amendments. Comprehensive and efficient corporate tax planning services can help you plan ahead.

You can prepare a proper strategy for corporate tax compliance with corporate tax planning and management. You can reduce your tax liability while staying in the legal ambit.

If you plan your taxes well, you can even think of productive investments in the right sectors to increase your wealth. Thus, proper corporate tax planning helps you contribute to the economy more and minimize litigation and related procedures. Corporate tax management allows you to manage your expenses, investments, and tax savings.

You can prepare a proper strategy for corporate tax compliance with corporate tax planning and management. You can reduce your tax liability while staying in the legal ambit.

Be proactive in your corporate tax planning with Fame’s expertise.

Our Corporate Tax Planning Services

Our tax planning services ensure all your operations are working in tandem with the new corporate tax rates. The aim is to reduce your tax liabilities while being in legal and regulatory compliance with local laws. Our expert corporate tax planning and management services generate positive consequences for your business for improved growth prospects.

Corporate tax planning does not mean tax avoidance. And FAME always lays stress on compliance with the legal framework. Our corporate tax planning services help you reduce your tax burden within the framework of the law. Thus, you can grow better and comply better. Moreover, proper corporate tax planning and management leads to a proper strategy for managing capital budget, marketing costs, and other expenses.

Our corporate tax planning services start with your business registration with the Federal Tax Authority (FTA). Based on the assessment of the impact of corporate tax on your business operations, we help you plan:

While planning your corporate tax liabilities, we keep your corporate objectives in mind. We study your business needs and sector of operations to get an understanding of your position in the market. Based on that and the future changes expected in the market, we manage your corporate taxation.

Our expert corporate tax planners have extensive knowledge of the applicable tax laws and their impact on every industry sector. We use our knowledge and understanding to manage your corporate tax planning under the purview of the law. We maintain all records and relevant data of our corporate tax plan to disclose to the authorities when required.

We plan your transfer pricing policies and models according to OECD best practices and local laws. These policies ensure that you meet your business goals and stay in compliance with regulatory requirements. Our transfer pricing plan includes developing a robust methodology for conducting inter-company transactions.

Our plan is your sure-shot way to smooth compliance with corporate tax regulations by assessing the risks beforehand. It also includes an assessment of every jurisdiction where you have operations. It also allows the development of the pricing mechanism for inter-company transactions.

Thus, our corporate tax planning services allow you to:

Need a planner for your corporate taxes and affected transactions?

FAQs: Corporate Tax Planning

Which industries are exempt from corporate taxes in the UAE?

A federal corporate tax rate of 9% is applicable on entities operating in UAE with annual taxable profits of more than AED 375,000.0. If the profits are less than this number, then the corporate tax rate is 0%. But some businesses are exempt from this tax. These exemptions apply to the following:

Salaries and investment incomes of individuals are exempt from the corporate taxation system. If the individual’s income-generating activity does not require a commercial license, they are exempt.
Entities involved in the business of natural resource extraction because they are subject to Emirate-level taxes.
Businesses registered in the free trade zones if they comply with the respective zone’s regulatory requirements and do not conduct business with the mainland UAE.

We are a group operating in UAE. We have subsidiaries in UAE. How do we calculate our tax liability?

The parent company and its subsidiaries form a tax group when both are resident juridical persons following the same accounting standards and financial year. The parent company must have at least 95% ownership of the subsidiary’s share capital and voting rights and a similar percentage of profits and net assets’ entitlement.

The parent company in the Group of companies is responsible for preparing the consolidated financial accounts. These consolidated accounts must include every subsidiary’s data for the relevant tax period for which it was a member of the tax group.