WELCOME TO FEDERAL CHARTERED ACCOUNTANTS
A Chartered Accountant firm with Four Decades of combined experience in the field of Corporate Tax, Audit & Assurance, International Taxation etc.
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UAE CORPORATE TAX- SYNOPSIS
Effective date
» Effective for financial years starting on or after 1 June 2023
» 30 June year end 2023- First CT year from 1 July 2023 to June 2024, CT return and payment by end of 2024.
» 31 December year end – first CT year from 1 January 2024 to 31 December 2024, CT return and payment by mid 2025.
» 31 March year end – first CT year from 1 April 2024 to 31March 2025, CT return and payment by second half of 2025.
Rates
» 0% for taxable income below AED 375,000
» 9% for taxable income above AED 375, 000; e.g. - if taxable income is AED 600,000, then 9% applies only on AED 225,000.
» Different rate for Pillar Two Companies (entities of large MNEs with consolidated annual global revenue above EUR 750m)
» Although not mentioned in the CT Law the rate will possibly be 15%.
Taxable Persons
» All UAE businesses in mainland and FZs, including individuals with Business or Business activities.
» Individuals will be subject to UAE CT only if they conduct a trade or business in UAE in an ongoing or regular manner.
» Foreign entities with a permanent establishment in the UAE.
Welcome to FEDERAL CHARTERED ACCOUNTANTS & TAX CONSULTANTS CO. - A Chartered Accountant firm with Four Decades of combined experience in the field of Corporate Tax, Audit & Assurance, International Taxation etc.
Progressive, specialized, professional and well-structured, Federal Chartered Accountants is a boutique firm of corporate strategists, accountants, tax advisory experts and financial analysts headquartered in Dubai.
We established ourselves four decades ago, in the year 1984. Formerly known as the B. Raj & Co., it today attains 39 years of expertise and international experience in the field of Audit, Taxation and Assurance Services which was developed to assist the client to achieve their primes. Today we employ a group of employees, hold eight service lines in UAE & India and have done business with 3000 clients. Our business motive is to reach more countries and to serve many more clients across the globe.
Our team of professionals is comprised of experienced and highly qualified consultants who are dedicated to helping our clients navigate the complex world of tax laws and regulations
We Offer
Services
» Assist in restructuring the business/operational model from the Corporate Tax perspective
» Advise on potential Corporate Tax risk areas and challenges faced by taxpayers
» Analysis of the impact of Corporate Tax on Free Zone (including Financial Free Zone) entities
» Registration & Return Filing
» Group Corporate Tax
» Foreign Tax Credit
» Compliance Services
» Representation Services
» VAT Returns Filing
» VAT Compliance Audits
» VAT Refunds
» VAT Accounting
» VAT Penalty Advise
» Voluntary Disclosure Submission
» Excise Registration / Deregistration
» Excise Return Filing
» Excise Tax Refunds
» Zoho Books Online
» Oracle
» Sage Cloud
» SAP
» QuickBooks Online
» Other Customized ERP
» Business Valuation
» Financial Advisory Services
» Business Plan
» Feasibility Reports
» Liquidation
» Accounting Outsourcing
» Bookkeeping
» Financial Reporting
» Payroll Services
» Reconciliations
» MIS Reports
» ICV Certification
» ESR Services
» UBO Declaration
» Tax Residency Certificate
» VAT Refund for Tourists
» Foreign Tax Credit Advisory
» External Audit
» Due Diligence Audit
» Compliance Audit
» Performance Audit
» Fraud Investigative Audit
» Stock Audit & Valuation
» Business Advisory Services
» Legal Advice Structure
» Cancelation and Filing of docs
» Obtaining Liquidation Certificate
Our Team
Our Experts
