With the forthcoming implementation of UAE Corporate Tax for financial years commencing on or after June 1, 2023, at a rate of 9%, calculated on taxable net income exceeding AED 375,000, Transfer Pricing will assume heightened significance for foreign businesses conducting transactions in the UAE. Due to significant compliance requirements ensued by the FATF in the UAE and worldwide. Corporate Tax has been implemented with the bare minimum percentage of 9% as compared to other jurisdictions globally. UAE has provided certain exemptions amongst others, to small and medium enterprises generating a revenue of upto AED 3 Million. Our dedicated tax professionals work tirelessly to provide adequate advisory to keep your business compliant with the changing tax laws of UAE and add financial value to your business. Anticipating detailed implementing regulations in the near future, we are poised to assist our clients in their preparedness, mirroring our success with Value Added Tax. Furthermore, our extensive network of tax professionals worldwide affords us a multinational service depth. Seeking a consultation meeting? Let us know! We’ll organise a consultation with our Corporate Tax Expert Mr Saad Mirza.
Corporate Tax Registration
Legato 8’s team of dedicated tax professionals, verify your business transactions and registers your business for Corporate Tax. We further assess whether your business’s Net Income meets the exemption threshold or not.
Corporate Tax Filing
Legato 8’s team of dedicated tax professionals, structure and verify your business transactions and transform / convert them into sheets ready for filing of the business’s yearly returns.
Corporate Tax Returns
Legato 8’s team of dedicated tax professionals, analysis the financial statements and ledgers of the business and implements standard measures to verify the liabilities that have to be paid to the Federal Tax Authority.
Corporate Tax Penalty Consulting
Legato 8’s team of dedicated tax professionals, provide the best approach in minimising the penalties liable to be paid by businesses and assists in avoiding any such incurrence of penalties in the future through a retainer ship agreement for the business’s financial management.
Corporate Tax Exemptions Advisory
Legato 8’s team of dedicated tax professionals, provide the best market practices in assisting and advising business to be aware of the exemptions liable to such businesses and minimising their tax obligations.