UAE Corporate Tax Compliance: What Businesses Need to Know
Description
The UAE has always been a favourite place for businesses thanks to its strong economy, modern infrastructure, and global connections. But in January 2022, the country made a big change by introducing a federal corporate tax law (Federal Decree-Law No. 47 of 2022, as amended). From 1 June 2023 onwards, companies in the UAE are required to follow this new system and pay tax on their business profits.
This means UAE corporate tax compliance has now become a must for all businesses. It’s not only about avoiding penalties; staying compliant also helps companies build trust, keep their reputation strong, and run operations smoothly. On the other hand, ignoring these rules can lead to fines, legal troubles, and unnecessary financial risks.
Remember, Shuraa Tax offers end-to-end corporate tax compliance services in UAE, including tax registration, corporate tax return filing, advisory on exemptions, and transfer pricing documentation. Our expert team ensures your business meets all corporate tax compliance requirements.
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