Transforming Challenges into Opportunities: Your Guide to UAE's New Corporate Tax Landscape

As of October 2024, significant changes have emerged for businesses in the UAE, particularly regarding the Economic Substance Regulations (ESR). The Ministry of Finance has announced that the largest companies and multinationals are no longer required to file ESR notifications for financial years ending after December 31, 2022. This decision aligns with the implementation of the UAE's new federal corporate tax system, providing businesses the opportunity to streamline compliance and focus on growth​

Why Choose UAE Business Advisors?

At UAE Business Advisors, we specialize in helping you navigate these changes and optimize your tax strategies. Our expert team offers comprehensive support in understanding and complying with the evolving corporate tax landscape:

We provide a full suite of accounting services tailored to UAE-specific regulations, including:

  • Corporate Tax Consultation: With the introduction of a 9% corporate tax on profits exceeding AED 375,000, it is crucial to understand your obligations. Our corporate tax consultants ensure you remain compliant with all inc tax and business tax regulations.
  • Efficient Filing Services: Filing your corporate tax return is essential for maintaining good standing. Our services simplify the process of corporate tax filing and allow you to file corporate taxes online, ensuring accuracy and timeliness.
  • Economic Substance Regulations: While many companies are relieved from ESR reporting, compliance for previous years is still necessary. We assist you in managing any outstanding obligations related to the economic substance report and help prepare for any inquiries from regulatory authorities​

Focus on Growth, Not Compliance

This regulatory shift provides an excellent opportunity for businesses to reassess their strategies and enhance growth. Our consultancy extends beyond taxation:

  • Recruitment Services: Expanding your workforce is crucial in this new environment. We collaborate with leading recruitment agencies in Dubai to connect you with the best talent in various sectors, including IT, logistics, and construction​
  • Market Insights: Our team provides valuable market insights to help you navigate the local landscape, including the activities of trading companies in the UAE, facility management companies, and Dubai construction companies.

Your Partner in Success

UAE Business Advisors is committed to empowering businesses in the UAE to thrive amidst regulatory changes. Our focus on personalized service and local expertise positions us as the ideal partner in your business journey.

Contact Us Today!

Contact us today to learn how we can assist you in navigating the new corporate tax regulations and enhancing your business strategies. Let’s unlock your business potential together!

UAE Business Advisors 

Financial Accounting Consulting Services in UAE 

Navigate the New Corporate Tax Landscape

Your Trusted Business Experts

 57/29, 5th Lane, 2nd Main Road, Indira Nagar, Adyar, Chennai. India. Pincode : 600020

 (+91) 98410 62636

 sales@uaebusinessadvisors.com

 www.uaebusinessadvisors.com


GET IN TOUCH:

© Copyright 2024 UAE Business Advisors