Corporate Tax Return Filing Services in Dubai

Corporate Tax Return Filing

Corporate tax has been implemented in the UAE from June 1, 2023, which has mandated all the eligible entities to get themselves registered under the new tax regime and to file their returns as per the instructions of the FTA. With the aim of diversifying the income sources of the authorities and flourishing in the global market, the UAE has also adopted a corporate tax policy along with promoting the businesses of the country. CDA is also on standby with its proficient team to help the entities get themselves registered and file their corporate tax returns on time.

Need for Corporate Tax Return Filing

All the entities that fulfil the said criteria and threshold of taxable profits must get themselves registered without fail. The registered parties are required to compute accurate corporate taxes annually and file the returns on time as notified by the FTA, or else they might attract huge penalties and prosecution from the law. All the entities must submit a record of their income and expenses, along with information indicating corporate tax liability and payment. The return must be filed within the said duration notified by the authorities, i.e., 9 months from the end of the relevant tax period of an entity in the UAE. CDA has been rendering corporate tax return services along with assisting the entities to maintain all the required documents and files since the implementation of the CT regime.

File Corporate Tax Returns with the CDA

Entities that are required to file the tax returns can do so through the online portal provided by the FTA, which facilitates easy methods of filing returns. Choosing professional firms for corporate tax consultancy and return filing services can help entities in the UAE get their tax returns sorted in no time. CDA has been providing various tax assistance services to its clients in the UAE, enabling them to get their taxes right without causing much complexity. Our team of experts can assist you in the following ways to file the corporate tax return on time:

• Ensuring accurate documents

Our team of experts is aware of all the legalities related to corporate tax filing; hence, we can assist you in maintaining all the records required for filing corporate tax returns.

• Accurate calculation of tax returns

The team of professional tax experts can assist you in the calculation of proper corporate tax returns without any errors based on the insights from the financial statements and accounts of your business in the UAE.

• Ensuring compliance

Filing of UAE corporate tax returns is a risky and crucial process, a minor mistake, and you can be sued or get penalties for any errors; hence, our tax experts can help you to ensure compliance with the corporate tax laws and the return filing requisites of FTA.

• Reduce tax liability

Being well aware of all the exemptions and deductions, our team of best tax advisors can help your business reduce its tax liability with the help of all the exemptions applicable to your business.

• Timely filing of returns

Realising the consequences of late return filing, our team of experts can help you identify the proper duration for filing the tax returns and can help you take all the required actions in advance to file the corporate tax returns on time for the FTA.

• Proper tax planning

Our team of experienced professionals can help you implement proper tax plans that facilitate a streamlined corporate tax framework, resulting in compliance and the smooth filing of corporate tax returns with the authorities.

• Training and insights

We can provide training to your employees regarding the new CT regime, enabling them to get a clear picture of the new corporate tax law and the changes that they have to make in order to ensure compliance with the new tax system in the UAE.

CDA’s Assistance Throughout the Corporate Tax Filing Procedure

CDA’s team of tax consultants is always ready to provide you with relevant aid to get your corporate tax returns filed throughout the procedure. Our team guides you through the following procedure for corporate tax filing:

1. Corporate tax registration: Our team of experts is well versed in the online procedure for getting registered under the CT regime. Hence, we will provide guidance throughout the procedure of registration via the Emara Tax platform provided by FTA.

2. Keeping the records: The next important procedure is keeping all the records relevant for corporate tax filing, like

• Financial statements and account details
• Records related to transfer pricing
• Calculations of taxable income
• Documents related to provisions
• Plans or records pertaining to the devaluation of tax
• Documents complementing the exemptions applied or applicable, etc.

3. Preparing the tax returns: The next step is the preparation of the tax records. Our team will assist you in gathering and organising all the records as per the systematic order, and then we will start the preparation of the corporate tax returns, including the exemptions and deductions applicable.

4. Filing the corporate tax returns: The next step through which our team will assist you is the filing of the accurate returns through the online platform on or before the said deadline.

5. Making the payment of tax: Our team will next enable you to pay the tax liability as per the returns filed with the authorities on time, without any delay or error.

These are the major steps that we will help you to come across while filing the corporate tax with the authorities.

CDA: Your Tax Advisor

CDA has been providing a bunch of accounting and auditing services, along with tax consultancy services, to its clients in the UAE, making it one of the leading firms in the UAE. We, with our out-and-out professional team of experts, are always equipped to cater to your corporate tax-related services, facilitating you to stay compliant and file the returns and taxes on time with the FTA. We will not only serve you with a stringent tax framework but will also provide you with the required insights into the new tax regime and help you understand its implications for your business in the UAE. To get more information about our corporate tax services, feel free to approach us.