Corporate Tax Consultancy
On June 1, 2023, the United Arab Emirates (UAE) implemented a federal corporate tax system. This tax system imposes a 9% tax rate on profits exceeding AED 375,000. Certain exemptions and relief measures are available, particularly for individual businesspeople, small business entities, and entities located in free zones, etc.
If your business operates in the UAE, it is essential to commence preparations for the corporate tax framework. This entails gaining a comprehensive understanding of the preparation of financial statements with internationally accepted accounting standards, understanding deductible and non-deductible expenses, rules related to tax losses, transitional provisions, transfer pricing rules, freezone exception conditions, tax group participation exception, corporate tax rates, available exemptions, and relief provisions. Additionally, you should be equipped to navigate tax calculations and the filing process. Seeking the assistance of a corporate tax consultancy may be a wise decision to facilitate this transition.
Accruon Consultant stands as a leading corporate tax consultancy firm in the UAE. Our team consists of qualified chartered accountants with more than 25 years of expertise in handling various direct and indirect tax laws in different countries. Accruon Consultant helps you in the following specific areas to comply with corporate tax laws;
Accruon Consultant Helps You In The Following Specific Areas To Comply With Corporate Tax Laws

- Reviewing and assisting in the preparation of the opening balance sheet in accordance with the acceptable accounting standards in the UAE.
- Reviewing the financial transactions in your books of accounts and providing suggestions regarding allowable and non-allowable expenses, reliefs, and deductions specified in the corporate tax laws.
- Reviewing and assisting with documentation, including transfer pricing documentation, arm’s length transaction values, vouchers, and other supporting documents required to be maintained in accordance with corporate laws.
- Advising on the various articles in the corporate tax laws applicable to you, your organization, your business, and industry.
- Facilitating the registration process for corporate tax in the UAE.
- Preparation of financial statements in accordance with accepted accounting standards in the UAE.
- Assist in calculating the corporate tax payable according to corporate tax laws, considering allowable and non-allowable expenses, and exempt income such as participation exemption, dividends, income of a foreign permanent establishment, etc., as per Article 22.
- Assist in the computation of corporate tax for partners in an unincorporated partnership business.
- whether you are eligible as a qualified free zone person as per Article 18. If so, determining whether your income qualifies as qualified income or non-qualified income according to the corporate tax laws.
- Assist in calculating the unrealised gains or losses for the existing assets held as on the date of commencement of corporate tax laws;
- Advising on tax loss relief in accordance with corporate tax laws. Tax losses can be set off against future income, subject to certain restrictions and conditions. Additionally, tax losses can be transferred to another taxable person, subject to certain conditions and limitations.
- Advising on the treatment of fluctuations in foreign exchange gains or losses in the preparation of the profit and loss account for corporate tax purposes.
- Advising about the eligibility and conditions of small business relief as per the Article 21 of the corporate tax laws;
- A resident person can elect not to take into account the income and associated expenses of its foreign permanent establishment in determining its taxable income, as per the corporate tax laws
- Advising on transactions with related parties and connected persons.
- Advising on the tax group as per Article 40 of the corporate tax laws, its advantages, and conditions.
- Advising on transfer pricing rules and transitional rules in the corporate tax laws.
Our team comprises seasoned tax professionals who possess the expertise to guide you through all aspects of corporate tax compliance within the UAE. They can provide insights into the implications of the new tax system on your business. Accruon Consultant has a team of experienced tax professionals well-versed in the UAE’s tax regulations—qualified professionals who are members of recognized professional bodies. We prioritize competitiveness and transparency of fees, exceptional customer service, and responsiveness to your specific needs.