Welcome to Auctus Advisors! We specialize in guiding Pakistani businesses through the complexities of VAT and corporate tax filing in the UAE. Our expert team is committed to helping you stay compliant while maximizing your financial efficiency.
VAT and Corporate Tax Filing Services
Navigating VAT in Dubai
What is VAT?
Value Added Tax (VAT) is a consumption tax applied to most goods and services in the UAE, currently set at 5%. Businesses registered for VAT must collect this tax from their customers and remit it to the Federal Tax Authority (FTA). Accurate VAT tax filing is essential for compliance and helps you reclaim input tax credits effectively.
What is Corporate Tax?
Starting from June 1, 2023, the UAE introduced a corporate tax on business profits exceeding AED 375,000, with a standard rate of 9%. This initiative aims to diversify the economy and ensure a fair taxation system for all businesses.
The VAT Filing Process
Corporate Tax Filing Made Easy
Understanding Corporate Tax
As of June 1, 2023, the UAE has implemented a corporate tax on profits exceeding AED 375,000, with a standard rate of 9%. This change is part of the UAE’s strategy to diversify its economy and ensure a fair tax system for businesses.
Corporate Tax Filing Steps
- Financial Preparation: Prepare your financial statements according to International Financial Reporting Standards (IFRS).
- Taxable Income Calculation: Determine your taxable income based on your financial records.
Submission of Tax Returns: File your corporate tax return online with the Ministry of Finance, ensuring all documents are attached.
Deadlines for Corporate Tax Filing
Corporate tax returns must be filed within 9 months after your financial year ends. Staying on top of these deadlines is critical, and our team is here to help you manage this process efficiently.
Why Partner with Auctus Advisors?
Corporate Tax Filing Steps
- Financial Preparation: Prepare your financial statements according to International Financial Reporting Standards (IFRS).
- Taxable Income Calculation: Determine your taxable income based on your financial records.
- Submission of Tax Returns: File your corporate tax return online with the Ministry of Finance, ensuring all documents are attached.
Deadlines for Corporate Tax Filing
Corporate tax returns must be filed within 9 months after your financial year ends. Staying on top of these deadlines is critical, and our team is here to help you manage this process efficiently.
Take the Next Step!
If you’re ready to streamline your VAT and corporate tax filing, reach out to Auctus Advisors today. Let us handle your tax compliance so you can focus on what you do best—growing your business. Contact us now for a consultation, and let’s embark on this journey together!
