Impact Analysis & Tax Planning Services by Leading Tax Consultant in Dubai

Maximizing Your Tax Efficiency with ICB Tax Consultancy 

At ICB Tax Consultancy, we understand the significance of strategic tax planning in optimizing your business’s financial performance. As a renowned tax consultant and tax agent in Dubai, we are here to provide you with expert guidance and comprehensive solutions tailored to your specific needs.

How to determine the taxable income for UAE corporate Tax?

According to the announcement of the UAE Ministry of Finance in January 2022, corporate tax in the UAE will be applied at a standard rate of 9% with the following tax segments and rates:

• 0% for taxable income up to AED 375,000
• 9% for taxable income above AED 375,000

What is the Tax Period?

The tax period of a taxable person is determined as the fiscal year or part of a fiscal year in which the taxpayer must submit a tax return. Pursuant to this Decree, the corporate tax period or fiscal year of the taxable person shall be the calendar year or the twelve (12) month period for which the taxable person prepares their financial statements. A taxable person may submit a request to the regulatory authority to request a change to their tax period, including a change to the start or end date or another tax period. This change is subject to the conditions set by the competent authority.

When will the UAE corporate tax regime become effective?

The CT will be applicable for financial years beginning on or after June 1, 2023

ICB Corporate Tax Services in UAE

At ICB, we understand the complex landscape of tax regulations and the critical role they play in the success of your business. As your dedicated tax consultant in Dubai, we offer a comprehensive suite of services tailored to meet the unique needs of your business and ensure compliance with local tax laws.