Welcome to Taxation Services at German FinTax Consultancy

 

At German FinTax Consultancy, we understand the complexities of taxation and the impact it can have on your business. The skilled professionals is here to provide expert guidance and support to help you navigate the intricacies of tax planning, compliance, and reporting. We specialize in providing expert assistance in Value Added Tax (VAT) and Corporate Tax matters. With our in-depth knowledge of tax laws and regulations, we ensure that your tax obligations are managed efficiently, minimizing risks and maximizing compliance. Whether you're a small business or a large corporation, we offer tailored solutions to meet your specific needs.

Corporate Tax

 

The UAE has introduced Corporate Tax, which will take effect for financial years starting on or after 1 June 2023. Corporate Tax is a form of direct tax levied on the net profit of corporations and other businesses, marking a significant shift in the UAE's traditionally tax-free business environment. This new tax regime aims to align the UAE with international tax standards, enhance transparency, and support the country’s economic diversification goals. Businesses operating in the UAE will now need to assess their financial structures, ensure compliance with new reporting obligations, and adapt their tax planning strategies to remain competitive under the new framework.

We offer the following Corporate Tax services

  • Corporate tax  compliance
  • Impact Assessment study
  • Corporate Tax Audit
  • FTA Audit
  • Tax Registration
  • Return Filing
  • Tax Advisory & Tax Planning
  • Tax Training
  • Transfer Pricing

Not sure if your business is ready for UAE Corporate Tax? Check your Tax Survival Score now!

Value Added Tax (VAT)

In the United Arab Emirates (UAE), Value Added Tax (VAT) was introduced on January 1, 2018, marking a significant milestone in the country's fiscal landscape. VAT is an indirect tax levied on the consumption of goods and services, and it applies to a wide range of transactions across various sectors of the economy.

We offer the following VAT services

  • Registration & De-registration
  • VAT Health Check
  • VAT Audit
  • FTA Audit
  • VAT Advisory
  • Pre-Tax Audit
  • VAT Return Filing
  • VAT Refund Request / Filing
  • Excise Tax
  • Customs Tax

Taxation Services — Frequently Asked Questions

Do I need to register my business for UAE Corporate Tax?

Yes. Almost all businesses in the UAE, including Free Zone and Mainland companies, are required to register for Corporate Tax, even if their income is below the taxable threshold. Our team can assess your situation and guide you through registration.

What is the VAT rate in the UAE, and who needs to register?

The standard VAT rate is 5%. Businesses with taxable supplies and imports exceeding AED 375,000 in the past 12 months must register for VAT. Voluntary registration is available for businesses with turnover or expenses over AED 187,500.

Who is required to comply with Transfer Pricing rules?

Any business that transacts with related parties or connected persons — locally or internationally — must comply with Transfer Pricing rules, including filing a Disclosure Form and preparing documentation such as a Local File and Master File (if applicable).

What is Excise Tax and which goods are subject to it?

Excise Tax applies to goods harmful to human health or the environment, such as tobacco products (100%), carbonated drinks (50%), and energy drinks (100%). Businesses dealing with excise goods must register and comply with filing requirements.

How can German FinTax Consultancy support my business with tax compliance?

We assist with registrations, advisory, return filings, documentation preparation (including Transfer Pricing), and representation before the Federal Tax Authority (FTA), ensuring full compliance across all UAE tax areas.

Can Free Zone companies benefit from 0% Corporate Tax and how can they maintain eligibility?

Yes. Qualifying Free Zone Persons (QFZPs) can benefit from 0% Corporate Tax on qualifying income. We advise Free Zone clients on how to maintain eligibility and comply with ongoing conditions to retain this benefit.

Get in touch

Reach out to us for expert financial and tax consulting tailored to your needs.

Choose German FinTax Consultancy for Your Financial Needs

 

Take the first step towards financial success with our expert services. Let us help you navigate the complexities of accounting, bookkeeping, taxation, and more. Contact Freelance FinTax Consulting today and experience the difference that tailored financial solutions can make for your business.