UAE Accounting & Tax Compliance Services
The UAE introduced its Corporate Tax regime effective June 2023, making professional accounting and tax compliance services essential for all businesses operating in the Emirates. YABS provides comprehensive accounting, bookkeeping, VAT registration, corporate tax advisory, and financial compliance services to ensure your business meets all regulatory requirements.
UAE Corporate Tax — What You Need to Know
The UAE Corporate Tax applies to all businesses and commercial activities at a standard rate of 9% on taxable income exceeding AED 375,000. Income up to AED 375,000 is taxed at 0%. Qualifying Free Zone Persons may benefit from a 0% rate on qualifying income. All businesses must register for Corporate Tax, file annual tax returns, and maintain proper financial records.
UAE VAT Compliance
Value Added Tax (VAT) has been in effect in the UAE since January 2018 at a standard rate of 5%. Businesses with annual taxable supplies exceeding AED 375,000 must register for VAT. Voluntary registration is available for businesses with supplies or expenses exceeding AED 187,500. YABS handles VAT registration, quarterly return filing, and compliance management.
Our Accounting & Tax Services
Bookkeeping: Professional monthly bookkeeping using cloud-based accounting software, including transaction recording, bank reconciliation, and financial statement preparation.
VAT Services: VAT registration, return filing, compliance review, and advisory on VAT implications for your specific business activities.
Corporate Tax: Tax registration, annual return preparation and filing, transfer pricing documentation, and strategic tax planning to optimize your tax position.
Financial Statements: Preparation of annual financial statements compliant with International Financial Reporting Standards (IFRS) as required by UAE law.
Audit Support: Coordination with external auditors and preparation of audit-ready financial records for companies that require statutory audits.
Economic Substance Compliance: Guidance on Economic Substance Regulations (ESR) for companies conducting relevant activities in the UAE.
Frequently Asked Questions
Do all UAE companies need to register for Corporate Tax?
Yes. All UAE mainland and free zone companies must register for Corporate Tax with the Federal Tax Authority (FTA), regardless of their income level.
What is the UAE Corporate Tax rate?
The standard rate is 9% on taxable income exceeding AED 375,000. A 0% rate applies to income up to AED 375,000 and to qualifying free zone income.
Is VAT registration mandatory?
VAT registration is mandatory if your annual taxable supplies exceed AED 375,000. Voluntary registration is available for businesses exceeding AED 187,500.
What records must a UAE business maintain?
UAE businesses must maintain accounting records, financial statements, VAT invoices, and supporting documents for a minimum of 7 years.
Contact YABS
Stay compliant with UAE tax regulations. Contact YABS for professional accounting and tax compliance services tailored to your business needs.
