| Tax Base | Rate of Tax |
|---|---|
|
Taxable Income up to 375,000 AED |
0% |
|
Taxable Income exceeding 375,000 AED |
9% |
| Tax Base | Rate of Tax |
|---|---|
|
Qualifying Freezone Income |
0% |
|
Income not meeting Qualifying Freezone Income definition |
9% |
Nexo Global & Expert House is equipped with a proficient team of direct tax professionals who hold substantial experience from different tax regimes. As a result, they can deliver a diverse range of services in the following fields:
Transfer pricing refers to the pricing of transactions between related parties, such as subsidiaries or affiliated companies within a multinational enterprise, in which goods, services, or intangible assets are transferred between them. In the context of the UAE, transfer pricing is governed by the Federal Tax Authority (FTA) and falls under the UAE Corporate Tax Law. Nexo Global Management Consultants and Expert House Chartered Accountants have a team of experienced transfer pricing specialists who are well-versed in the UAE Corporate Tax Law and the transfer pricing regulations under it. We offer a range of transfer pricing services, including transfer pricing documentation, benchmarking analysis, risk assessment, and dispute resolution.We help clients develop transfer pricing policies that align with their business objectives and comply with regulatory requirements.
ESR is defined as a set of standards that requires companies in the UAE to carry out business activities substantially in the country of their jurisdiction. The sole purpose of ESR would be to discard businesses with underlying intentions of registering their business to enjoy tax and economic benefits. In a country like Dubai, with highly favorable tax concession treatment, it’s logical that entities should establish stricter requirements to ensure sustainability in income generation. To assist with compliance, Nexo Global & Expert House has a specialized team that can provide guidance and support on Economic Substance Regulation.
The TRC is a certificate issued for eligible government entities, companies, and individuals to take advantage of agreements of double taxation avoidance on income to which the UAE is a signatory
At Nexo Global & Expert House, we have a team of tax experts who are equipped to provide businesses with guidance and support for complying with the UAE Tax Laws. Our professionals possess both local and international industry experience and can help businesses navigate through tax challenges and achieve a sustainable tax strategy. Additionally, we have registered Nexo Global & Expert House. as a Tax Agency firm to provide businesses with exclusive Tax Agent Services
Our team provides comprehensive assistance and guidance for registering your entity with the Federal Tax Authority. We use the FTA’s online portal to obtain the Tax Registration Number (TRN) for your business.
Prior to commencing the registration process, we consider several factors such as mandatory or voluntary registration, choosing between Tax Group or Standalone registration, the appropriate type of registration, and more. Our aim is to ensure that our clients receive comprehensive guidance throughout the registration process
We help with VAT Deregistration, considering factors like turnover and business discontinuation. Our team will provide the necessary support throughout the process.
We file Tax Returns on behalf of companies before the due date and provide comprehensive guidance on minimizing tax liability according to the legal provisions. The information provided by our clients is used to file accurate returns and ensure compliance with all tax regulations
Our VAT Experts are dedicated to helping businesses adhere to regulations and avoid unnecessary overpayments. We prioritize understanding your business’s unique needs to provide tailored advisory services in the UAE. Our VAT advisor ensures that optimal tax planning is conducted within the framework of the relevant legal provisions. We strive to provide the highest level of service and support to our clients.
VAT compliance means ensuring that VAT is applied and submitted in the correct format and by the relevant deadline to the relevant tax authority. Each Member State has its own VAT invoicing and reporting requirements.
A tax audit is the process of verification and inspection of the accounts of a taxpayer to confirm their adherence to the provisions of the Income Tax law.
A business must register for VAT if its taxable supplies and imports exceed AED 375,000 per annum. It is optional for businesses whose supplies and imports exceed AED 187,500 per annum. A business house pays the government, the tax that it collects from its customers.
Every Taxable Person is required to file a VAT return summarizing the VAT due to the FTA for the tax period. When the input tax is greater than output tax on a VAT return, the Taxable Person is able to request a VAT refund after submission of the VAT return or at any later time when there is a credit owed to them.
Statutory Filings
Compliance Retainer
