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Professional Corporate Tax Services Tailored
To Your Business Needs

As of June 1st, 2023, the UAE’s Ministry of Finance will implement a Corporate Federal Tax on business profits. Businesses will need help with corporate tax compliance and reporting, including preparation and submission of tax returns,tax planning, and advisory services. By outsourcing corporate tax compliance to a professional service provider, businesses can ensure compliance with tax regulations and minimize their tax liabilities.

Impact Of Corporate Tax On Businesses

Businesses will need to make changes to be better aligned with Corporate Tax regulations. Some of such changes are:

Compliance

This involves different registrations, preparing for Corporate Tax Audits, determine the transfer pricing, operating model, capital structure and so on.

Accounting & Reporting

This involves different registrations, preparing for Corporate Tax Audits, determine the transfer pricing, operating model, capital structure and so on.

Technology

Involves ERP changes, compliance with Corporate Tax requirements & so on.

How Abacus Can Help?

Our team of professionals has extensive knowledge and expertise in various areas of finance and accounting, including VAT registration, Corporate Tax, Business Restructuring, and more. We have a deep understanding of the UAE regulatory landscape and keep abreast of the latest developments, ensuring that our clients remain compliant and up to date with their tax obligations. Steps we follow to make you Corporate Tax ready:

Impact Assessment

Doing initial assessment to understand the impact of CT on the business operations.

Thorough Analysis

Identify areas impacted such legal structure, operations process and so on owing to introduction of CT.

CT Implementation

Make amendments to any legal documents, implement any transfer pricing policies, update SOPs, Corporate Tax group registration and exemption and so on

Post-Implementation

• Register for Corporate Tax
• Apply for Reliefs (if applicable)
• Submit CorporateTax returns
• Ready transfer pricing documentation and so on