CEO & Founder of MS
Corporate Tax, also referred to as company tax, is the financial obligation a corporation faces on its profits earned within a fiscal year. Similar to how income taxes apply to individual earnings, corporate taxes are imposed on a corporation's net income. This tax is calculated based on the organization's taxable income, derived by subtracting total expenses from total revenues. The components of expenses include costs of goods sold, operating expenses, research and development costs, marketing and selling expenses, general and administrative costs, and depreciation costs. Corporate taxes serve as a revenue source for the government, with the tax rate and slabs varying across different countries.
The Corporate Tax rate in the UAE is 9% for Taxable Income surpassing AED 375,000, with a 0% rate applied to Taxable Income below this threshold. The Corporate Tax rates are as follows:
Natural persons and juridical
persons
9% for Taxable Income exceeding AED 375,000.
Qualifying Free Zone Persons
0% on Qualifying Income and 9% on non-
qualifying Income.
Corporate Tax
Impact Assessment
Corporate Tax
registration
Filing of Corporate
Tax returns
Corporate Tax
De-registration
Why MS
Tax Services for DIFC entities
MS is equipped to handle taxation services for businesses of all sizes, emphasizing the critical importance of timely VAT registration. Failure to register within the specified timeframe may result in a penalty of AED 20,000. Our proficient team is well-acquainted with the complete Corporate Tax registration process and ensures timely filing. We cater to a diverse array of businesses, offering comprehensive CT services. Recognizing the significance of CT registration, we provide a wide range of services. For any inquiries regarding CT registration, feel free to contact us and schedule your consultation promptly.
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