As the tax period comes to an end, we would like to remind you of the key provisions of the UAE tax legislation regarding corporate income tax and inform you about the option of conducting a voluntary audit.
- Main Tax Rates and Conditions
- 0% rate for qualified companies in free economic zones
- provided all requirements of Federal Law No. 47 of 2022 "On Taxation of Corporations and Enterprises" are met.
- A 9% rate applies to non-qualified taxable income.
- Please note: no other exemptions, benefits, or deductions are provided in this case.
- Small Business Benefit
- Companies are exempt from corporate tax if their income does not exceed AED 3,000,000 in the relevant tax period and in all previous tax periods ending on or before December 31, 2026.
- In this case, no additional exemptions, benefits, or deductions are provided either.
- Standard Rate: 9% on corporate profits
- The following thresholds apply:
- 0% on the part of the taxable income not exceeding AED 375,000.
- 9% on taxable income exceeding AED 375,000.
- Freelancers
- Upon reaching a threshold of AED 1,000,000, it is necessary to register for corporate tax and submit a tax return by September 30 of the year following the calendar year in which the threshold was reached.
- The small business benefit can be applied if the relevant conditions are met.
Important: All legal entities, regardless of the conditions applied, are required to submit a tax declaration within 9 months after the end of the financial period.
- Requirements for Audited Financial Statements
Audited financial statements are mandatory for the following companies:
- Companies registered in DMCC must submit audited financial statements by June 29, 2025, to avoid blocking access to DMCC Authority services.
- Companies registered in Mainland (Dubai Tourism and Development).
- Companies applying a 0% rate as qualified free zones, according to Ministerial Decision No. 82 of 2023, issued in accordance with Art. 54, Sec. 2 of Federal Law No. 47 of 2022.
- Companies with revenue exceeding AED 50 million for the reporting financial period also based on Ministerial Decision No. 82 of 2023.
From April 1, 2025, any changes concerning the taxpayer (such as change of address, contact number, change of manager, addition of business activities, etc.) must be entered into the Federal Tax Authority (FTA) database within 20 days.
3.Voluntary Audit
- In addition to the mandatory audit for the categories listed above, our company is also ready to organize a voluntary audit of your financial statements. This will ensure the accuracy of your accounting, provide additional transparency to partners and counterparties, and identify potential tax risks and avoid penalties in advance.
Make Fortune's Accounting and Tax Services (prices include VAT)
Corporate Tax
- Filing a corporate tax declaration: USD 1,050.
- Filing a declaration for small and medium-sized businesses (if revenue for all periods does not exceed AED 3 million): USD 1,050.
- Calculation and filing of a corporate tax declaration (for other cases):
- From USD 1,050 for clients of Make Fortune Business Solutions under accounting support (final cost depends on the volume of operations and company turnover).
- From USD 2,100 for external clients or those who manage their accounting independently (the final cost also depends on the volume of operations and turnover).
Audit of Financial Statements
- USD 2,100 for companies with a turnover of up to AED 5 million.
- From USD 2,100 for companies with higher turnover (final cost is calculated individually based on the volume of operations and turnover).
If you have any questions regarding corporate tax, auditing, or would like to clarify details of the services we provide, please contact us at your convenience.
Financial Department Make Fortune
+971 55 351 43 24, +971 52 109 95 12
