At Al Mizan Consultancy, we understand the importance of tax compliance for businesses in the UAE. That’s why we offer comprehensive corporate tax compliance services to help ensure that your business stays compliant with all local and international tax laws and regulations.
Since its introduction by the UAE government on January 1, 2023, Corporate Tax has significantly impacted the way businesses operate. As an indirect tax levied on the consumption of goods and services, it increases the risk, volume, and complexity of transactions, making tax compliance a challenging task for taxpayers. To navigate these UAE companies must address various administrative requirements, such as tax registration, deregistration, filing corporate tax returns, and making timely payments. Seeking guidance from corporate tax experts, as Al Mizan Tax Consultants, can help businesses understand compliance requirements and avoid potential penalties.
Our corporate tax filing services generally include a range of activities to help businesses meet their corporate tax obligations and maintain compliance such as:
Tax Planning
Advising businesses on effective tax strategies, taking advantage of available deductions, credits, exemptions, and other tax-saving measures to minimize tax liabilities.
Preparation of Tax Returns
Accurately completing and submitting the required corporate tax returns and supporting documents, ensuring that all relevant information is reported in compliance with applicable tax laws and regulations.
Calculation of Tax Liabilities
Determining the correct amount of tax owed by the business, taking into account deductions, exemptions, and credits.
Tax Provision Calculation
Estimating and documenting the company’s current and deferred tax liabilities for financial reporting purposes.
Assistance with Tax Audits and Inquiries
Representing the business in communications with tax authorities, responding to audit requests, and providing supporting documentation as needed.
Compliance with Tax Regulations
Ensuring that the business meets all filing deadlines, payment requirements, and other tax-related obligations to avoid penalties and interest.
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