Corporate Tax Consulting & Tax Compliance in the UAE

My Business Consulting DMCC is an independent management consulting firm, providing advisory and administrative support for company formation, immigration, banking, and related services in the UAE. We are not a government authority; all official documents and approvals are issued exclusively by the respective government entities.

Corporate Tax Consulting in Dubai

Expert UAE Corporate Tax consultancy, tax planning and compliance advisory to help businesses meet regulatory requirements and optimise their tax strategies.
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Understanding UAE Corporate Tax

Corporate Tax rates, regulations and compliance requirements

Introduced on 1 June 2023, UAE Corporate Tax applies to the taxable profits of businesses, subject to applicable exemptions and special provisions. The standard tax rates are 0% on taxable income up to AED 375,000 and 9% on taxable income exceeding this threshold.

Understanding these regulations is essential for effective tax planning, accurate financial reporting and avoiding potential penalties. Businesses must also consider applicable tax obligations, filing deadlines and record-keeping requirements.

At My Business Consulting, our experienced tax consultants provide professional Corporate Tax advisory, compliance consultancy and strategic tax planning guidance, helping businesses navigate UAE tax regulations and make informed financial decisions.

Small Business Relief

Small businesses with revenues up to AED 3 million enjoy a 0% corporate tax rate, providing relief and support to smaller enterprises.

Exempt Entities

Certain entities are exempt from corporate tax, including government entities and those specified under Cabinet decisions. Mainland entities are subject to a standard 9% tax rate on taxable income exceeding AED 375,000.

Free Zone Entities

From June 2023, Free Zone entities may benefit from either a 0% or 9% corporate tax rate based on their qualifying income. Free Zone businesses must register and file corporate tax returns to avail themselves of these benefits.

Qualifying Free Zone Persons (QFZP)

QFZPs enjoy a 0% corporate tax rate on qualifying income, provided they meet specific criteria including:

To qualify as a Qualifying Free Zone Person (QFZP) under this Decree-Law, the entity must meet the following criteria:

  1. Derives Qualifying Income: The entity must derive income from specified categories of activities recognized under this Decree-Law as Qualifying Income.
  2. Maintains Adequate Substance: The entity must maintain sufficient operational presence and conduct core income-generating activities within the UAE.
  3. Satisfies De Minimis Requirement: The entity must ensure that non-qualifying revenue does not exceed a specified threshold relative to total revenue, as outlined in the Decree-Law.
  4. Elects Not to be Subject to Corporate Tax: The entity must not have opted to be subject to Corporate Tax under this Decree-Law.
  5. Complies with Arm’s Length Principle: The entity must adhere to the Arm’s Length Principle in its transactions with related parties and maintain Transfer Pricing Documentation as per the requirements of this Decree-Law.
  6. Compliance & Taxation Services
  7. Prepares and Maintains Audited Financial Statements: The entity is required to prepare and retain audited financial statements for the purposes of compliance with Corporate Tax regulations.
Business activities qualifying a person as a QFZP include

Qualifying Activities

  • Fund management services.
  • Treasury and financing services to Related Parties.
  • Manufacturing of goods or materials.
  • Ownership, management, and operation of Ships.
  • Holding of shares and other securities.
  • Logistics services.
  • Financing and leasing of Aircraft, including engines and rotable components.
  • Reinsurance services.
  • Processing of goods or materials.
  • Headquarters services to Related Parties.
  • Wealth and investment management services.
  • Any activities that are ancillary to the Manufacturing, treasury, and financing services of related parties.
  • Distribution of goods or materials in or from a Designated Zone to a customer that resells such goods or materials, or parts thereof, or processes or alters such goods or materials or parts thereof for the purposes of sale or resale.

Non-Qualifying / Excluded Activities:

For the businesses having the following activities, a rate of 9% will apply to them.

Any transactions involving natural persons, except for:

  • Ownership, management, and operation of ships.
  • Fund management services.
  • Wealth and investment management services.
  • Financing and leasing of aircraft.

Banking activities refer to the regulated financial activities as defined in Article (65) of Federal Decree-Law No. 14 of 2018.

Insurance activities encompass operations regulated under Federal Law No. 6 of 2007 on the Organization of Insurance Operations and its amendments.

Finance and leasing activities involve providing credit or financing in exchange for any form of consideration, and leasing or granting the right to use an asset through finance leases, operating leases, or similar arrangements, all subject to regulatory oversight by the Competent Authority in the State.

Ownership or exploitation of immovable property, except for commercial property located in a Free Zone and transacted with a Free Zone Person.

De Minimis Requirements

The de minimis requirements are considered satisfied if the non-qualifying revenue derived by the QFZP in a Tax Period does not exceed:

  1. 5% (five percent) of the total revenue of the QFZP, or
  2. AED 5,000,000 (five million dirhams), whichever is lower.

Non-qualifying revenue includes revenue derived in a Tax Period from any of the following sources:

  • Excluded Activities.
  • Transactions with NFZP, where the activities are not Qualifying Activities.
  • Transactions with FZP, where the FZP is not the ‘Beneficial Recipient’ of the relevant services or goods.
Revenue exclusions under the de minimis rule

Income categories excluded from Free Zone revenue calculations for UAE Corporate Tax purposes.

The following revenues shall be excluded from both the calculation of non-qualifying revenue and total revenue:

  • Revenue attributable to a Domestic Permanent Establishment or a Foreign Permanent Establishment.
  • Revenue derived from the ownership or exploitation of immovable property located in the Free Zone, through:
    1. Transactions with NFZP, related to commercial property.
    2. Transactions with any person, related to non-commercial property.
  • Income derived from the ownership or exploitation of intellectual property that is not Qualifying Intellectual Property.
Stay ahead of UAE Corporate Tax obligations

Expert Corporate Tax consultancy, tax planning and compliance advisory

With over 17 years of UAE market experience, 9,500+ clients and 46 industry awards, My Business Consulting provides comprehensive Corporate Tax consultancy and financial advisory to startups, SMEs and established businesses across the UAE.

Our experienced tax consultants offer tailored expertise in:

  • Corporate Tax consultancy and strategic tax planning
  • Taxable income assessment and tax liability evaluation
  • Corporate Tax exemptions, reliefs and incentives advisory
  • Free Zone Corporate Tax and Qualifying Free Zone Person (QFZP) consultancy
  • Corporate Tax return preparation and filing assistance
  • Financial reporting and tax record-keeping guidance
  • Corporate Tax compliance and regulatory advisory
  • Ongoing tax optimisation and risk management consultancy

Combining extensive UAE market knowledge with a personalised approach, transparent pricing and cost-effective solutions, we help businesses optimise their tax position, minimise compliance risks and make informed financial decisions.

Whether you’re navigating UAE Corporate Tax for the first time or managing complex tax obligations, our team provides the professional guidance and ongoing advisory expertise your business needs.

Your trusted partner in UAE Corporate Tax compliance

Get professional Corporate Tax consultancy, strategic tax advisory and expert guidance tailored to your business needs.