Dubai Tax Accountant - Consultax Chartered Accountants

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Dubai Tax Accountant

Clearing Dubai tax laws ensures accuracy in corporate filing and avoids penalties.

Tax Accounting Services In Dubai

In general, tax auditing involves accounting for tax-related purposes following the procedures required to file a tax return. Our tax accounting services in Dubai are tailored to help individuals and businesses navigate the complexities of both local and international tax regulations. Whether you are a UK expatriate or a business owner, our expert team provides comprehensive advice and support to ensure compliance, optimise tax efficiency, and manage tax issues effectively. Let us handle your tax matters so you can focus on what matters most.

Explore The Key Services We Offer:

Bookkeeping: From invoicing to expense tracking, we simplify and streamline your bookkeeping, giving you crystal-clear insights and complete control over your finances. With our support, your financial processes run efficiently, freeing you to focus on growing your business.

Reconciliation: We ensure accuracy by meticulously aligning your bank statements with your financial records, leaving no detail unchecked.

Payroll Management: We take care of every facet of payroll management – from precise salary calculations, deductions and payments. With our diligent approach, you can rest assured that your payroll runs smoothly and accurately, every time.

Reporting And Audit: Our seasoned team of senior accountants delivers thorough reporting and auditing services, ensuring every financial detail is accurately captured and reviewed.

Compliance Support: Stay effortlessly compliant with tax regulations. We take care of VAT and corporation tax registration, filing, and compliance, ensuring your business runs smoothly and remains fully above board. Let us handle the complexities so you can focus on growth.

Our Working Methodology

Providing You With Financial Peace Of Mind

Whether you're living in Dubai, Abu Dhabi, or returning to the UK, we’re here to help you navigate the complexities of your tax situation. We’ll ensure you understand your residence status, avoid the pitfalls of double taxation and penalties, and give you the confidence that your tax affairs are in safe hands. Our comprehensive services cover all aspects of personal and business accounting, so you can rest easy knowing your financial matters are under control.

Understand Your Business Type In Dubai

Navigating the business landscape in Dubai can be a daunting task, but understanding the right business structure is key to unlocking your company’s potential. Choosing the right type of business can shape your financial future. Our Dubai tax experts will guide you through the maze of regulations, helping you select the best structure that aligns with your goals and ensures compliance. With the right advice, you can hit the ground running and focus on growing your business with confidence.

Advice On Tax Planning

Effective tax planning is like planting seeds for long-term growth, and with the right strategy, you can reap the rewards. At Consultax, we offer tailored advice that ensures you’re not just compliant, but also optimising your tax position. Whether you’re an individual or a business, our team of experts will help you navigate the ever-changing tax landscape, minimise liabilities, and make the most of available allowances. With our guidance, you can harvest the benefits of thoughtful tax planning and secure a brighter financial future.

Carefully Dealing With Tax Risk

When it comes to tax, the stakes are high, and navigating potential risks requires a steady hand. We meticulously identify and manage tax risks to ensure you never pay more than your income. By staying ahead of regulatory changes and understanding the nuances of your financial situation, we help you steer clear of costly pitfalls. With our expert advice, you can rest assured that your tax affairs are in safe hands, allowing you to move forward with confidence and peace of mind.

Non UK Resident Tax Calculations For Dubai Residents

Dubai, UAE is undoubtedly is an ideal destination for those looking to make a fresh start. At Consultax Dubai Accountant, we empower you to take control of your finances with our expert management of your personal tax residency. With our guidance, we ensure your UK non-resident tax calculations are handled seamlessly.

Dubai Taxes: Different Types

  • Excise Tax
  • Corporate Tax

Excise Tax

Excise Tax in UAE was introduced in 2017 which is a form of indirect tax imposed on the consumption of specific goods that are considered harmful to health or the environment. It is designed to reduce the consumption of these products and generate revenue for the government.

In the UAE, the excise tax rate is:

  • 50% on carbonated drinks (e.g. soda, sweeteners)
  • 100% on tobacco products, energy drinks, and electronic smoking devices

 

Corporate Tax

Corporate Tax in Dubai is a federal tax on business profits, introduced in the UAE as of June 2023. This tax applies to most business entities operating in Dubai and the UAE, aiming to align the country with international tax standards and diversify government revenue.

The corporate tax rate is:

  • 0% on taxable profits up to AED 375,000, designed to support small businesses and start-ups.
  • 9% on taxable profits exceeding AED 375,000.

However, businesses in UAE free zones may continue to benefit from a 0% tax rate on qualifying income provided they meet certain regulatory requirements and do not conduct business with the UAE mainland. Specific industries, like natural resources, may also have different tax rates due to separate emirate-level taxation.

Are You Ready To Get In Touch?

Quick & affordable, avoid errors and penalties, keep your finances organised with our expert accounting services & bespoke packages.

Frequently Asked Questions

  • For How Long Does A Taxable Person Need To Retain VAT Invoices?

    By law, a taxable person must retain all issued and received VAT invoices for a minimum of five years. Keeping these documents is not just a legal obligation, but also a safeguard to support your business’s financial integrity over time.

  • Why Outsource Dubai Tax Accounting Services?

    As legal requirements around financial record-keeping continue to tighten, outsourcing Dubai tax accounting services has become more crucial than ever. Hiring expert tax accountants ensures your business stays on top of timely VAT returns and maintains financial transparency, especially when facing an FTA audit.

  • In Dubai, How Much Taxes In Tourist Facilities?

    Resorts, restaurants hotels charge the below taxes: • 10% on room, service, municipality fees, and • 6% tourism fee