CHOICE TAX
Shop No.9, Al Muwaihat 3, Ajman - U.A.E.
+971 50 90 18197
choicetcllc@gmail.com
We recognize the significance of complying with corporate tax regulations and how this compliance can impact your business operations. At Choice Tax Consultants, our team is dedicated to ensuring that your business meets all requirements set by the Federal Tax Authority (FTA) in the UAE. We provide excellent corporate tax services to help you fulfill your tax obligations correctly and efficiently.
We offer smart planning services for corporate taxes tailored to your business. Our experts analyze your business structure, operations, and financials to identify strategies for reducing your tax liability. We work with you to develop plans that minimize the taxes you owe while ensuring compliance with the FTA's regulations.
Our team ensures your business complies with corporate tax regulations. We assist you in preparing your tax forms and submitting them punctually, verifying their accuracy.
Our tax advisors provide comprehensive assistance and guidance regarding corporate taxes. We clarify how your business decisions, such as mergers or significant changes, may impact your tax obligations. Additionally, we help you understand the tax implications of these decisions and develop strategies to enhance your business's tax efficiency.
If the FTA ever needs to review your business's taxes, we are here to assist you. We prepare your business for the review, gather the necessary documents, and communicate with tax officials.
Our goal is to ensure your business is well-prepared to handle any tax inspections or inquiries. Additionally, we help you identify and address any tax risks to prevent problems and additional costs.
Our experts conduct an in-depth analysis of your tax risks, examine your internal processes, and recommend strategies to minimize the likelihood of tax issues.
We ensure your business has robust procedures in place to comply with tax regulations and reduce the risk of complications. If your business operates internationally, we provide guidance on international tax matters. Our team navigates the complexities of cross-border taxation, including transfer pricing, withholding taxes, and double taxation agreements.
We ensure your business pays the correct taxes in all the jurisdictions where it operates. By partnering with Choice Tax Consultants for your corporate taxes, you can trust that your business will comply with the FTA's regulations.
Our experts will collaborate closely with you to develop solutions that align with your business objectives, help you minimize tax liabilities, and maintain compliance with tax laws.
The introduction of corporate tax in the UAE marks a significant change, as it imposes new obligations on businesses. Effective June 1, 2023, the UAE implemented a federal corporate tax on business profits, moving away from its previous tax-free framework. This change aligns the UAE with international tax standards and supports its development goals by diversifying revenue sources beyond oil and gas.
At Choice Tax Consultants, we are here to guide you through each step of the new tax landscape. Our expert team will help you navigate the corporate tax rate of 9% on taxable income exceeding AED 375,000. In comparison, income up to that threshold is taxed at 0%, providing relief for smaller businesses and startups.
We recognize that this tax applies to all businesses and commercial activities, including those operating in free zones. Our team is dedicated to helping free zone businesses understand and fulfill specific requirements to take advantage of available incentives.
We also help identify and apply for exemptions, such as those for dividends from qualifying shareholdings and income from natural resource extraction, which are subject to Emirate-level taxation.
Our services include ensuring compliance with transfer pricing rules that align with OECD guidelines, which require related-party transactions to be conducted at arm's length and appropriately documented.
We will assist you in maintaining accurate financial records, filing annual tax returns, and ensuring timely tax payments. Our team will implement robust tax planning and compliance strategies to help you avoid penalties.
Additionally, we guide businesses in meeting Economic Substance Regulations (ESR) to prevent harmful tax practices. We help demonstrate sufficient economic substance within the UAE for relevant activities, ensuring that your business meets all necessary criteria.
The introduction of Corporate Tax necessitates a reevaluation of business strategies and financial planning.
Choice Tax Consultants is here to assist you during this transition, making effective tax planning and compliance essential for minimizing liabilities and adhering to new regulations. With our expert guidance, we help you navigate the complexities of the UAE's corporate tax regime, optimize your tax positions, and ensure your business remains compliant and efficient.