The UAE has implemented a dynamic tax system in recent years. Understanding Value Added Tax (VAT), Excise Tax, and Corporate Tax is essential for businesses operating in the region.
A consumption tax of 5% levied on most goods and services at each stage of the supply chain. Certain goods and services are exempt or zero-rated. Businesses exceeding the registration threshold must register for VAT.
A selective tax levied on specific goods like tobacco, sugary drinks, and energy drinks. The tax rate varies depending on the product category.
A newly introduced tax (effective June 2023) on profits earned by businesses operating in the UAE mainland. The rate is 9% for taxable income exceeding the threshold (AED 375,000) and excludes Qualifying Income as defined by the regulations. Free zone businesses with specific criteria may be exempt
Failing to comply with UAE tax regulations can lead to penalties and legal repercussions. Businesses must ensure accurate record-keeping, timely filing of tax returns, and adherence to payment deadlines.
Peace of Mind
Gain confidence knowing your tax affairs are handled by experienced professionals
Reduced Risk of Penalties
TFAB’s proactive approach minimizes the risk of non-compliance issues.
Improved Efficiency
Focus on core business activities while we handle the tax complexities.
Cost Optimization
Our tax planning strategies can help you minimize your overall tax burden.
At TFAB, our tax experts possess a deep understanding of the UAE’s evolving tax landscape. We offer a comprehensive range of services to help businesses navigate these complexities:
We guide you through the VAT, CT and Excise Tax registration process and ensure adherence to ongoing compliance requirements.
Our team prepares and files accurate VAT, Excise Tax, and Corporate Tax returns on your behalf.
We provide strategic advice to optimize your tax position and minimize liabilities.
TFAB can represent your business in case of inquiries or audits from the Federal Tax Authority (FTA).
