Corporate Tax Guide Auditstation

TOPICS
About ---------------------------------------------3
Service ---------------------------------------------3
Tax Law ---------------------------------------------4
Tax Rates ---------------------------------------------5
Calculation ---------------------------------------------6
Free Zone ---------------------------------------------7
Small Businesss Relief -----------------------------8
Exempt Industries -------------------------------------9
Exempt Income Sources ------------------------10
Corporate VS. VAT ---------------------------------- 11
Offers -------------------------------------------12
ABOUT
Audit Station is one of the leading and most trusted
accounting and software firms in the middle east. We
redefine the industry by our auditing and accounting
solutions designed specially to meet your business
needs.
INTERNAL AUDITING CFO SERVICES

We make auditing precision an art by Why waste your time and energy on solving the
assigning a team of at least 4 of our experts riddles of your financials and trying to explain
to inspect every single detail of your financials your goals to your accountants while you can
including bank reconciliation and stocktaking spend that time making important business
by checking your inventory and compare it to decisions and letting us assign an expert who
your invoices, purchases and sales to avoid will be handling that difficult part of managing
any errors using our state of the art tools and your accounting department and helping you
techniques, and then provide you with a achieve
detailed report of your business financials
ERP SOFTWARES TAX SERVICES

Business software might be confusing. Having any mistakes in a tax and VAT reports
The experts here, at Audit Station, can help you get a can lead to a number of legal troubles while
software with all the features you want and need for running your business. That is why you need a
your business, and even if none of all our partner trustworthy firm to prepare them for your
softwares suits you we will be happy to create one company. At Audit Station, our experts work on
from scratch designed specially for your business your tax reports with great precision and
requirements. And this progam will be integerated accuracy, which will ensure no errors or mistakes
with all our accounting services to prevent any in them, saving you from the hassle and save
mistakes and make sure it will be serving all your your business from having any financial risks or
departments successfully. issues with the authorities.
3
TAX
LAW
All businesses in the UAE must:
Register for corporate tax.

- Every business have to register, including free zone companies.
- Corporate tax is different from VAT, even if you have a VAT number, you still have to
register for corporate tax.
Keep accurate accounting records.

- The UAE corporate tax law states that you keep accurate accounting records.
- Your tax obligations depends on what your accounting records say about your business.
- Our team of experts will help you with your bookkeeping and accounting to ensure
that your reports are compliant with the law.
File a corporate tax submission with

the Federal Tax Authority (FTA).
- This step needs to be done after the end of the first taxable period.
- Even if you qualify for an exemption you still have to submit with the FTA.
- Again our experts will ensure that you benefit from any applicable exemptions.
4
TAX
The ministry of finance (MOF) developed the
taxation policy with three tiers as follows:
TIER 1 PROFITS UP TO
0% Tax Rate AED 375, 000
TIER 2 PROFITS OVER

9% Tax Rate AED 375, 000
TIER 3 PROFITS OVER

Higher Tax Rate AED 3.5 Billion
5
FREE
ZONE
A business registered in a free zone is not automatically exempt from the
corporate tax. Here is what you need to know if your business is registered
in a free zone.
If a free zone complies with

its regulations, including those
specified in the corporate tax
legislation, they may qualify for
an exemption. If a free zone does not comply
with free zone conditions
included in the tax legislation
they may lose their exemption. If a business loses their free
zone exemption, they may still
qualify for other options
available such as the small
businesses relief rule.
NOTE: Even free zone businesses qualifying

for an exemption still need to register for
corporate tax, keep accurate accounting records,
and file an annual tax submission with FTA
7
BUSINESS
RELIEF
RULE
DO YOU QUALIFY?
REVENUE < AED 3 MILLION = NO TAX

The small business relief scheme specifies that businesses earning
a total revenue of below AED 3 million for each tax period
(relevant or previous) will not be required to pay corporate tax.
NOTE: This is available until the end of 2026.
8
EXEMPT
INDUSTRIES
If a business or any legal entity fits any of the criterias below,
then they can qualify for corporate tax exemption.
Government or Businesses that Public or regulated

public entities extract or mine private entities.
These include both federal
natural resources
These include entities that
and regional offices, As they are already subject
deal with social benefit funds
deparments, divisions and all to Emirate-level taxation, so
like pension or retirement
other public institutions. they do not have to file a
planning.
seperate tax report.
Real estate or
UAE government- Charitable
regulated investment
owned companies Organisations
funds
Similar to charitable UAE companies fully owned Those eligible must first
organisations, such funds by the UAE government and apply to relevant authorities
must apply to MOF and listed with a ministry-level to obtain a formal clearance
FTA to obtain a formal decision will recieve before applying for MOF
exemption approval. tax exemption. registration.
9
VAT is a consumption tax levied on the sale of
goods and services. the customer pays it at the
time of purchase. It is collected by the business
and then remitted to the government.
Corporate tax will be paid directly to the

government and calculated by considering the
net income of the company, not the total revenue
or sales valus.
NOTE: Businesses already registerd for VAT will

still need to register for Corprate TAX.
11
Contact us now and choose your FREE gift.
Corporate Tax Registeration FREE

We will register your comapny for corporate tax free of charge.*
30 Days of Financial Manager Services For FREE

We will give you CFO services to your business free of charge.*
12 Months of an accounting software for FREE

We will give you a full year of subscription to the acounting software most suitable
for your business.*
12
*T & C Applies.
Audit Station is one of the leading and most
trusted accounting and software firms in
the middle east. We redefine the industry by
our auditing and accounting solutions
designed specially to meet your business
needs.
Our Offices ....

Dubai: 1906,Grosvenor
Business Bay Tower, Business
Bay, UAE.
Muscat: 12,Ooredoo Building,

Souq Al Khoudh, Oman.

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TOPICS

INTERNAL AUDITING CFO SERVICES

ERP SOFTWARES TAX SERVICES

Register for corporate tax.

Keep accurate accounting records.

File a corporate tax submission with

TIER 2 PROFITS OVER

TIER 3 PROFITS OVER

If a free zone complies with

NOTE: Even free zone businesses qualifying

REVENUE < AED 3 MILLION = NO TAX

NOTE: This is available until the end of 2026.

Government or Businesses that Public or regulated

Corporate tax will be paid directly to the

NOTE: Businesses already registerd for VAT will

Corporate Tax Registeration FREE

30 Days of Financial Manager Services For FREE

12 Months of an accounting software for FREE

Our Offices ....

Muscat: 12,Ooredoo Building,

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