Standard Corporate Tax return: taxable income computation at 0% and 9%, adjustments, losses and payment

We take your accounts, make the tax adjustments the law needs, such as entertainment, interest limits, related party pricing and exempt income, apply losses, compute tax at 0 percent and 9 percent, file the return on EmaraTax and tell you exactly what to pay by when.

AED 4,750Yearly

For: Mainland companies, non-qualifying free zone companies and individuals in business above AED 3 million revenue or who choose not to elect Small Business Relief. Covers the first AED 375,000 at 0 percent and 9 percent above.

What we need from you

Financial statements for the period
Starting point for taxable income
Trial balance and general ledger
Adjustments
Entertainment, fines, donations and interest details
Non-deductible items
Related party and connected person transactions
Arm's length and disclosure
Dividends and gains from shareholdings
Exempt income check
Tax losses brought forward
Loss relief
Audit report, if required
Revenue above AED 50 million

What we discuss

Are the accounts prepared on accrual basis under IFRS?
Accrual basis needed above AED 3 million revenue
Any payments to owners, directors or their relatives?
Connected person payments only deductible at market value
Any interest-bearing loans?
Interest limitation and related party rules
Any foreign tax paid on income?
Foreign tax credit
Is revenue above AED 50 million?
Audit required
Do you have group companies in the UAE?
Tax group or loss transfer options

What we file

Taxable income computation
Accounting profit plus non-deductible items minus exempt income minus loss relief; tax = 9 percent of the amount above AED 375,000
Corporate Tax return
Payment

What you get

Computation pack with adjustments explained
Filed return and payment advice
Points to fix in next year's books

The law

Art 3, Federal Decree-Law 47 of 2022 with Cabinet Decision 116 of 2022: 0 percent up to AED 375,000 of taxable income and 9 percent above Source
Art 20, Federal Decree-Law 47 of 2022: Taxable income starts from accounting net profit with adjustments Source
Arts 30 and 32, Federal Decree-Law 47 of 2022: Net interest capped at 30 percent of EBITDA; 50 percent of entertainment deductible Source
Art 37, Federal Decree-Law 47 of 2022: Losses offset up to 75 percent of later taxable income Source
Arts 48 and 53, Federal Decree-Law 47 of 2022: Pay and file within 9 months of period end Source

Questions people ask

Online payment in AED is not open yet. Send us a message and an adviser for United Arab Emirates confirms the scope and the fee before any work starts.