Tax Services
Taxes are essential for financing public services and infrastructure development in any country, contributing directly to economic stability. In the UAE, a well-organized and transparent tax system enhances the business environment and provides more opportunities for investors and companies. Compliance with local tax regulations requires specialized expertise to ensure full adherence and avoid financial risks.
At the International Consultancy & Auditing Center, we offer specialized tax consulting services that help our clients adapt to ongoing changes in the UAE tax system. Our team of professional consultants has extensive experience in providing strategic tax advice and works continuously to help you comply with the latest tax laws and regulations.
We understand the complexities of the UAE’s tax system and are committed to delivering integrated tax services that ensure efficient management of tax liabilities for small, medium, and large businesses with full transparency and accuracy.
Federal Tax Authority:
The Federal Tax Authority is the government agency responsible for implementing and collecting taxes in the UAE. It ensures tax compliance for individuals and businesses by applying tax policies, collecting taxes systematically, and distributing collected revenues. The FTA also regulates tax laws such as VAT, excise tax, and corporate tax, while providing registration and deregistration services for taxes and addressing tax-related disputes.
Through the FTA, the UAE ensures a transparent and progressive tax environment, continuously monitoring legal changes and providing guidance for businesses and individuals.
Types of Taxes in the UAE:
- Value Added Tax (VAT): Implemented on January 1, 2018, at 5%, VAT is applied to most goods and services, becoming a significant source of revenue collected at every stage of the supply chain.
- Excise Tax: The UAE introduced excise tax on products harmful to health or the environment, such as soft drinks, tobacco, and energy drinks, aiming to reduce consumption and raise health awareness.
- Corporate Tax: A tax imposed on the profits of companies operating in the UAE, introduced on June 1, 2023, at a rate of 9% for annual profits exceeding AED 375,000. This tax is part of the UAE’s efforts to diversify revenue sources and reduce dependency on oil revenues.
What We Offer at the International Consultancy & Auditing Center:
- Strategic Tax Planning: We provide customized tax advisory services aimed at reducing tax burdens and maximizing the benefits from exemptions and available tax opportunities.
- Tax Compliance: We assist companies in fully complying with VAT, excise tax, and corporate tax requirements by handling registration, filing tax returns on time, and making necessary payments.
- Tax Auditing: We audit tax returns to ensure their accuracy and compliance with local laws, minimizing financial risks and ensuring full compliance.
- Training & Specialized Consulting: We offer training programs and workshops to educate your teams on how to effectively manage tax updates and apply them in daily operations.
- Registration & Deregistration Services: We provide registration services with the Federal Tax Authority and handle cancellation requests when necessary, including auditing tax returns.
- Field Reviews & Follow-Up: We represent our clients during field audits conducted by the FTA and follow up on proceedings to ensure full compliance.
- Tax Dispute Objections: In case of a tax dispute, we provide the necessary support for filing objections and resolving conflicts swiftly.
Why Choose the International Consultancy & Auditing Center?
- High Expertise: Our tax consultants have extensive experience applying UAE tax regulations and providing tax services.
- Customized Solutions: We offer tax advisory services designed specifically to meet each client’s unique needs.
- Full Compliance: We ensure full compliance with tax laws, helping you avoid fines and penalties.
- Continuous Support: We assist you throughout the entire tax compliance process, from registration to tax return submission.
Contact Us Today!
For more information about our tax services or to receive personalized tax advice, feel free to contact us. We are here to help make your business compliant with tax laws easily and effectively.
International Consultancy & Auditing Center – Your ideal partner for tax services, tax compliance, and sustainable growth.