Corporate Tax Filing

By Tax-Time Counsels

With the implementation of UAE Corporate Tax effective from June 1, 2023, all taxable entities are now required to file an annual corporate tax return with the Federal Tax Authority (FTA). At Tax-Time Counsels, we offer expert Corporate Tax Filing Services to ensure full compliance, accurate reporting, and avoidance of penalties.

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What’s Included in Our Corporate Tax Filing Services

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1. Corporate Tax Return Preparation

• Prepare and review your annual Corporate Tax Return (Form CT01) in accordance with UAE tax laws.

• Ensure accurate calculation of taxable income, tax liability, and applicable exemptions or deductions.

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2. Financial Statements Review

• Review your financial statements for the relevant tax period.

• Ensure alignment between accounting records and tax reporting requirements.

• Assist in adjusting or restating financials if necessary.

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3. Tax Adjustments & Deductions

• Identify allowable expenses, disallowed expenses, and tax adjustments.

• Apply relevant tax reliefs, incentives, or exemptions, such as:

  • Small business relief

  • Qualifying free zone status

  • Group reliefs and losses carried forward

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4. FTA Portal Submission

• Complete the corporate tax return via the FTA online portal.

• Submit all required supporting documents and declarations.

• Ensure submission is done before the legal deadline (within 9 months after the end of the financial year).

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5. Calculation of Tax Liability

• Determine the correct Corporate Tax Payable at the standard rate of 9% (or 0% for qualifying income, where applicable).

• Advise on payment timelines and help ensure timely settlement of dues.

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6. Group Tax Filing (if applicable)

• Assist in filing as a Tax Group if your business has multiple entities under common ownership.

• Prepare consolidated returns and manage intra-group transactions and eliminations.

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7. FTA Correspondence & Representation

• Handle any queries, clarifications, or audit notices from the FTA related to the corporate tax return.

• Act as your representative for official communication with tax authorities.

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8. Post-Filing Advisory & Record Keeping

• Advise on tax-saving strategies, inter-company transactions, and documentation.

• Ensure compliance with record-keeping requirements (retaining tax records for 7 years).

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✅ Why Choose Tax-Time Counsels?

• Experienced team with deep knowledge of UAE tax laws

• End-to-end support — from data gathering to return filing

• Error-free, timely submission to avoid penalties

• Strategic advice to optimize tax liability

• Confidential and professional service

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📌 Who Needs Corporate Tax Filing?

• Mainland and Free Zone Companies

• Branches of Foreign Entities

• Freelancers/Sole Proprietors (if income exceeds the taxable threshold)

• Entities registered as part of a Tax Group